Motorized Control Valves Market To Grow At Highest Pace Owing To...

Motorized Control Valves Market To Grow At Highest Pace Owing To Growing Demand From Water Treatment Applications

Posted 2024-03-13 13:06:38

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The motorized control valves market covers a wide range of valves that are equipped with actuators that facilitate remote or automated operation. These valves find extensive usage in industries such as oil & gas, chemicals, water & wastewater treatment, energy & power, and pharmaceuticals among others. Motorized control valves offer various advantages over traditional valves such as remote operation, precise flow control and process optimization. Growing demand for automation and digitization across various process industries is a major factor driving the demand for motorized control valves.

The Global Motorized Control Valves Market Demand is estimated to be valued at US$ 12.37 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.

Rapid urbanization and growing focus on clean water have boosted investments in water & wastewater treatment plants globally. This has resulted in increased demand for valve automation solutions including motorized control valves from this industry.

Key Takeaways
Key players operating in the motorized control valves are WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd., Kelvion Holdings, GÃ1⁄4ntner Group GmbH, DFC Pressure Vessel Manufacturer Co., Ltd., Xylem, AIC Inc., API Heat Transfer, Aqua Systems, Inc., Mersen, Southern Heat Exchanger, Hisaka Works, Koch Heat Transfer Company, Chart Industries, Inc., Apparantebau GmbH, Johnson Controls International, Funke Wärmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc.

The growing demand for automation across industries to optimize process efficiency is a major factor driving the demand for motorized control valves. Water & wastewater treatment industry in particular has seen rising investments in automation solutions including motorized control valves.

Technological advancements in actuators and introduction of smart valve technologies integrated with IoT and analytics is expanding the functionality of motorized control valves. This is enabling improved process control and optimization in industries.

Market Trends
The motorized control valves market is witnessing a rising adoption of electric actuators over pneumatic and hydraulic actuators due to various advantages such as ease of use, clean operation and reduced energy consumption. Manufacturers are also offering customized electric actuators suitable for varied applications.

Another key trend is the increasing integration of smart technologies such as IoT and analytics in motorized control valves. This is allowing remote monitoring and predictive maintenance of valves. Data-driven insights are helping optimize process performance and reduce downtime.

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