Global Valve Driver Market size was valued at US$ 403.64 Mn in 2019 and the total revenue is expected to grow at 4.3% through 2021 to 2027, reaching nearly US$ 565.29 Mn.
Global Valve Driver Market Overview:
Valve Driver includes two analog inputs (0 to 5V range or 0 to 10V or 4 to 20mA as an option), as well as two current-regulated proportional outputs. It's ideal for connecting a standard electronic joystick to a three-way proportional valve. Valve driver minimize efficiency losses. Valve driver offer lower costs. To increase concerns about the rising energy efficiency demands, particularly in commercial and residential applications, the valve driver provides a sustainable solution.
Global Valve Driver Market
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2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real number and output of key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.
Global Valve Driver Market Dynamics:
The main factors that drive the growth of the Valve Driver market are increased in focus on enhancing efficiency and power consumption, increasing in government regulations and policies for saving energy are the major factors that drive the growth of the global valve driver market in the forecast period. In Commercial residential applications, an increase in the demand for valve drivers also drives the growth of the valve driver market in the forecast period. Moreover, an increase in the integration of IoT technology in industrial valve drivers are also expected to create new opportunities for valve driver market in the forecast period 2021-2027.
The major restraining factor which hampers the growth of global Valve Driver market in the forecast period are raw material price fluctuations, as well as strict laws and regulations. However, the lack of standardized norms and regulatory policies also acts as a restraining factor in the global valve driver market.
Global Valve Driver Market Segment Analysis:
The global Valve Driver market is segmented by function, by valve type, and by end-user.
Based on the Function, the global Valve Driver market is segmented into solenoid valve driver and proportional valve driver. Proportional valve driver is expected to hold the largest market share of xx% in the global Valve Driver market in 2027. Proportional valve drivers are used in a variety of end applications, including commercial and residential, motion equipment, and industries such as oil and gas, pharmaceuticals, metals and mining, energy electricity, chemicals, water wastewater, and food beverages. The global market for proportional valve drivers is expected to grow significantly due to its more advanced features and wide usage across many industries. So, these are the major factors that drive the growth of proportional valve drivers in the global valve driver market in the forecast period 2021-2027.
Global Valve Driver MarketBased on the Valve Type, the global Valve Driver market is segmented into conventional control valve and expansion valve. Due to the widespread usage of expansion valves in refrigeration and air conditioning systems, the expansion valve segment is expected to grow significant CAGR of xx% in the global valve driver market during the forecast period. Moreover, the other factors that drive the growth of the expansion valve segment are the increasing adoption of HVAC systems in both residential and commercial areas, as well as the growing customer preference for energy-efficient systems.
Based on the End-User, the global Valve Driver market is segmented into commercial residential, industrial, and motion equipment. Commercial residential segment is expected to grow at the fastest rate of xx% during the forecast period. Due to the increasing use of HVACR systems in the commercial and residential areas, as well as the increase in the number of commercial and residential spaces such as shopping malls, hotels, corporate office spaces, airports, educational institutions, smart homes, and hospitality, the commercial and residential segment is expected to hold the significant market share of the valve driver market in the forecast period 2021-2027.
Global Valve Driver Market Regional Insights:
The Asia Pacific dominates the global Valve Driver market during the forecast period 2021-2027. Due to the increasing urbanization and growing industrialization in developing countries such as China, Japan, South Korea, and India are the factors that drive the growth in the global Valve Driver market in Asia Pacific region during the forecast period. Moreover, the rising population, growing construction activities, and an increasing number of industries such as automotive, electronics, manufacturing, and hospitality are the other factors that drive the growth in the Asia Pacific region in the global valve driver market in the forecast period.
Moreover, North America is the 2nd region which grows at the fastest rate of xx% in the global valve driver market during the forecast period 2021-2027. Due to the rapid economic development, rising demand for automation, and an increasing number of smart homes, hotels, commercial complex, and industries in the region are the factors that drive the growth in North America region in the global valve driver market in the forecast period.
Global Valve Driver MarketThe objective of the report is to present a comprehensive analysis of the global Valve Driver market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Valve Driver market dynamic, structure by analyzing the market segments and project the global Valve Driver market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Valve Driver market make the report investor’s guide.
Global Valve Driver Market Scope: Inquire before buying
Global Valve Driver Market
Global Valve Driver Market, by Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Valve Driver Market Key Players
• Parker Hannifin Corporation
• Emerson Electric Co.
• Eliwell Controls
• Carel Industries S.p.A.
• MKS Instruments, Inc.
• Hydraforce Inc.
• Hussmann Corporation
• Sanhua International, Inc.
• Fujikoki Corporation
• Right to Win
• IQ Valve Co.
• IRS Systems
• OEM Controls
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