Global Valve Driver Market, By Function (Solenoid, Proportional), Valve Type (Conventional Control Valve, Expansion Valve), End-User (Commercial & Residential, Industrial, Motion Equipment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The valve driver market will reach at an estimated value of USD 585.09 million and grow at a CAGR of 26.10% in the forecast period of 2021 to 2028. Rise in the government regulations and policies for saving energy is an essential factor driving the valve driver market.
Valve drivers are designed to control proportional hydraulic valves and they are also suitable for numerous small logic applications. Proportional valve driver is generally used to remove the effects of temperature and power supply variations from valve performance by delivering a controlled current across solenoid and bi-directional voice-coils. Solenoid valve driver helps in providing the drive signal required to operate the proportioning solenoid valves used for pressure or flow control.
Rise in the importance of monitoring and controlling in the process industries for improved efficiency is a crucial factor accelerating the market growth, also rise in the demand for fuel and power consumption coupled with development of new nuclear power plants, increase in the demand for valve drivers in commercial & residential applications owing to their lower costs and rise in the concerns about the growing demand for energy efficiency are the major factors among others boosting the valve driver market. Moreover, rise in the integration of IoT technology in industrial valve drivers and increase in the demand for valve drivers in commercial and residential applications will further create new opportunities for valve driver market in the forecast period mentioned above.
However, lack of standardized certifications and government policies is the major factors among others restraining the market growth, while lockdown and social distancing may restrict commercial trade growth in the coming months which will further challenge the valve driver market in the forecast period mentioned above.
This valve driver market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the valve driver market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Valve Driver Market Scope and Market Size
The valve driver market is segmented on the basis of function, valve type and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the valve driver market is segmented into solenoid and proportional.
- Based on valve type, the valve driver market is segmented into conventional control valve and expansion valve.
- The valve driver market is also segmented on the basis of end-user into commercial & residential, industrial and motion equipment.
Valve Driver Market Scope Country Level Analysis
The valve driver market is analysed and market size, volume information is provided by country, function, valve type and end-user as referenced above.
The countries covered in the valve driver market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the valve driver market due to rise in the industrialization, rapid urbanization, rising population, growing construction activities, and increasing number of industries including electronics, automotive, manufacturing, and hospitality in this region. North America is the expected region in terms of growth in valve driver market due to rise in the focus towards the development of energy and power plants, mining and chemical industry, and water infrastructure in this region.
The country section of the valve driver market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Valve Driver Market Share Analysis
The valve driver market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to valve driver market.
The major players covered in valve driver market report are Danfoss, PARKER HANNIFIN CORP, Emerson Electric Co, CAREL INDUSTRIES S.p.A, Schneider Electric Group, MKS Instruments, HydraForce, Inc., Hussmann Corporation, FUJIKOKI CORPORATION and Sanhua International, Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.