Valve Remote Control System Market by Type (Pneumatic, Electric, Hydraulic, and Electro-Hydraulic), by Valve Type (Ball Valve, Diaphragm Valve, Butterfly Valve, Globe Valve, Gate Valve, Plug Valve, Check Valve, and Safety Valve), and by Application (Marine, Offshore, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global valve remote control system market expected to reach USD 8.89 billion by 2025, at a CAGR of 4.8% between 2019 and 2025. Valve remote control systems are key systems that remotely control positioned valve actuators via open and close operation processes.

21-Jun-2019 | Number of pages: 110 | Report Code: ZMR-4240 | Report Format : | Status : Published

Analysis

Valve remote control systems are key systems that remotely control positioned valve actuators via open and close operation processes. These devices are used across various industries for valve management in piping, marine, oil and gas, and other industrial applications.

The global valve remote control system market is likely to experience significant growth over the upcoming years, owing to the rising implementation of automation across various end-use industries. The constant developments witnessed in manufacturing and oil and gas industries are also expected to fuel the global valve remote control system market over the forecast time period. Rapid urbanization, predictive maintenance, and enhanced operation productivities are likely further to propel the global valve remote control system development in the years to come. However, huge initial investments for valve remote control systems installation may limit the valve remote control system market globally. Alternatively, the rising number of refineries and petrochemical plants in developing countries is projected to offer additional growth opportunities to the major market players.

Global Valve Remote Control System Market

The global valve remote control system market is categorized into type, valve type, and application. On the basis of type, the global valve remote control system market is segmented into pneumatic, electric, hydraulic, and electro-hydraulic. In 2018, the pneumatic segment showed the fastest growth and held a significant market share. Based on valve type, the global valve remote control system market includes ball valve, diaphragm valve, butterfly valve, globe valve, gate valve, plug valve, check valve, and safety valve. The butterfly valve segment held a major share of the global market in 2018. The application segment of the global valve remote control system market includes marine, offshore, and others. In 2018, the offshore segment dominated the global valve remote control system market. 

In 2018, the Middle East and Africa dominated the market for valve remote control system globally. This growth was mainly attributed to rising oil production and the growing crude oil export activities across the region. Moreover, the Asia Pacific is anticipated to register the highest CAGR in the global valve remote control system market over the next few years, owing to the rising urbanization and swift industrialization across the region. India and China are rapidly growing markets for valve remote control system in the Asia Pacific.

The major players of the global valve remote control system market are Emerson Electric, Rotork, KSB Korea, Wärtsilä, Nordic Group, DanUni Marine & Offshore, Honeywell, Cyclotech, Nakakita Seisakusho, Selma, and Greatec Marine.


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