Motorized Control Valves Market Is Driven By Growing Demand From Power Generation Industry

 
Motorized Control Valves Market

The global Motorized Control Valves Market offers motorized actuators capable of precisely regulating flow and pressure in response to electronic signals. Motorized control valves are key components in HVAC, industrial process control and critical systems requiring automatic regulation of liquid flows. They precisely control fluid flow through on/off or modulating action for applications like boilers, chillers, pumps and temperature control loops. These valves improve process efficiency by maintaining optimized flow levels with automated correction for deviations.

The global Motorized Control Valves Market 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, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving growth in the motorized control valves market is their increasing adoption in the power generation industry. Thermal and nuclear power plants extensively use motorized control valves to precisely regulate steam, water, fuel and chemical flows across various processes. Their ability to withstand high pressures and temperatures along with accurate flow control makes them indispensable for power plant operations. Their automated control further helps optimize plant performance and efficiency. Growing investments in new power plants especially in developing regions will augment demand for motorized control valves over the forecast period.


Porter's Analysis

Threat of new entrants: The threat of new entrants is moderate as significant capital investments are required for manufacturing facilities and equipment. However, the availability of components from suppliers lowers the entry barriers.

Bargaining power of buyers: The bargaining power of buyers is high owing to the presence of a large number of motorized control valve manufacturers. Buyers can negotiate on prices and demand better quality and services.

Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the availability of component suppliers. However, suppliers have low threat as motorized control valves require standard components.

Threat of new substitutes: The threat of new substitutes is low as motorized control valves have applications across industries and no direct substitute offers the same functionality.

Competitive rivalry: The competitive rivalry is high due to the presence of numerous global and regional players offering similar products. Players compete based on product quality, pricing, innovation, and service.

Key Takeaways

The Global Motorized Control Valves Market Demand is expected to witness high growth. The global Motorized Control Valves Market 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.

The market in Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to the increasing investments in process industries and power generation sector in China, India, and other developing nations. This is attributed to rapidly growing process industries and power generation sector in China and India.

Key players: Key players operating in the Motorized Control Valves market 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.

 For more insights, Read- https://www.ukwebwire.com/motorized-control-valves-market-trends-size-and-share-analysis/

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