Europe IoT Valves Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Europe IoT valves market is projected to grow significantly, reaching approximately US$ 702.82 million by 2031, up from US$ 347.37 million in 2023, with a compound annual growth rate (CAGR) of 9.2% from 2023 to 2031.

Executive Summary and Market Analysis

The market is divided into several key regions: Germany, France, the UK, Italy, Russia, and the Rest of Europe. Various governments in Europe are investing heavily in the automation of manufacturing processes. For instance, in July 2021, the UK government announced a funding initiative of US$ 59.3 million (GBP 53 million) aimed at advancing digital manufacturing technologies. Additionally, US$ 28.10 million (GBP 25 million) is being allocated to establish five new research centers focused on developing digital solutions to enhance manufacturing operations. In the realm of smart manufacturing, IoT valves play a crucial role in regulating the flow of steam, gases, and liquids across various processes, leading to increased demand as automation investments rise.

The use of IoT valves is also expanding in wastewater management. According to the Water Information System for Europe (WISE), Germany generates approximately 111.3 million potential equivalents (p.e.) of wastewater daily, which translates to around 22.25 million cubic meters. To protect ecosystems, urban wastewater must be treated before being released. Germany operates 3,796 wastewater treatment plants that utilize IoT valves to manage wastewater flow. Companies are actively launching innovative smart valves; for example, GF Piping Systems introduced its Butterfly Valve 565 in January 2021, which is designed for various applications, including water treatment and cooling.

Market Segmentation Analysis

The Europe IoT valves market can be segmented based on connectivity, type, and end-user industry.

Connectivity: The market is divided into wired and wireless segments, with wired connectivity holding a larger market share in 2023.
Type: The market is categorized into pressure independent control valves (PICV), regular valves, and energy valves, with PICVs leading the market share in 2023. Regular valves are further classified into ball valves, butterfly valves, safety valves, and others.
End-User Industry: The market is segmented into industrial, commercial, and residential sectors, with the industrial segment dominating in 2023.

Market Outlook

IoT technology is revolutionizing HVAC operations by automating processes. In an IoT-enabled HVAC system, sensors gather data from various points, which is then processed and relayed to devices like valve cards retrofitted into existing systems. These devices adjust HVAC components, such as chilled water valves, based on real-time data regarding temperature and occupancy. This ensures efficient cooling in large commercial buildings, optimizing energy use. Furthermore, IoT valves can monitor HVAC performance, detecting issues like pressure drops or leaks, and sending alerts for maintenance, thus preventing costly failures and enhancing system efficiency.

In smart homes, IoT valves integrate with other systems, such as thermostats and security, allowing for energy savings. For example, when homeowners leave, the system can reduce heating or cooling flow, and pre-condition the home before their return. The benefits of IoT valves in HVAC systems include reduced energy consumption, lower maintenance costs, and improved air quality, indicating a promising future for the IoT valves market.

Country Insights

The Europe IoT valves market includes Germany, the UK, France, Italy, Russia, and the Rest of Europe, with Germany holding the largest market share in 2023. Germany is a key player in manufacturing and industrial automation, with numerous companies and government initiatives focused on integrating smart solutions. For instance, Siemens partnered with Google Cloud in April 2021 to enhance production efficiency by combining AI/ML technology with factory automation systems, further driving the adoption of automated solutions in various industries.

Key players in the market include Klinger Holding GmbH, KTW Technology GmbH, Carrier Global Corp, Belimo Holding AG, IMI Plc, Ultra Clean Holdings Inc, Siemens AG, Flowserve Corp, Honeywell International Inc, and others. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to consumers.

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