Global Valve Remote Control System Market Is Expected To Reach Around USD 8.89 Billion By 2025

21-Jun-2019 | Zion Market Research

Zion Market Research has published a new report titled “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”. According to the report, the global valve remote control system market was USD 6.4 billion in 2018 and is 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. These devices are used across various industries for valve management in piping, marine, oil and gas, and other industrial applications. Rapid developments in technology, flourishing oil, and gas sector, increasing demand for industrial valves by the oil and gas industry, and rising need for predictive maintenance and automation from manufacturing industries are prime factors fueling the global valve remote control system market growth. The rising demand for maritime trade activities to meet the continually increasing need for rapid industrialization and the ever-increasing global population is also anticipated to drive the global valve remote control system over the forecast time period. Additionally, the rising investments made in the oil and gas industry for exploration activities are expected to further propel this market in the upcoming years. 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.

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Browse the full “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” Report at https://www.zionmarketresearch.com/report/valve-remote-control-system-market

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.

This report segments the global valve remote control system market into:

Global Valve Remote Control System Market: Type Analysis

  • Pneumatic
  • Electric
  • Hydraulic
  • Electro-Hydraulic

Global Valve Remote Control System Market: Valve Type Analysis

  • Ball Valve
  • Diaphragm Valve
  • Butterfly Valve
  • Globe Valve
  • Gate Valve
  • Plug Valve
  • Check Valve
  • Safety Valve

Global Valve Remote Control System Market: Application Analysis

  • Marine
  • Offshore
  • Others

Global Valve Remote Control System Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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