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.
Comments
Post a Comment