Valve Remote Control System Market Is Anticipated to Grow At A CAGR of 6.96% By 2031
Valve Remote Control System Market growth is
driven by stricter safety regulations, rising demand from petrochemical and
chemical industries, and ongoing technological advancements during 2027–2031.
According to TechSci Research report, “Global Valve
Remote Control System Market - Industry Size, Share, Trends, Growth,
Competition Forecast & Opportunities, 2031”, The Global Valve
Remote Control System Market will grow from USD 11.47 Billion in 2025 to USD
17.17 Billion by 2031 at a 6.96% CAGR. The valve remote control system
is a kind of device which uses electricity, pneumatic pressure, or hydraulic
oil pressure as fuel for the operation. Valve remote control systems are
employed in the oil & gas industry as the industry is susceptible to
several accidents and the valve control systems keep a check and avoid the
occurrence of the accidents.
The COVID-19 outbreak across the world which has been
declared as a pandemic by the World Health Organization has affected several
countries adversely. Leading authorities around the world imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. The manufacturing units were temporarily shut down and
the workers at many places moved back to their native places which created a
shortage of workforce at the manufacturing units. The restrictions on the
import and export activity resulted in the disruption of supply chain which
negatively affected the growth of the valve remote control system
market. However, high installation costs of valve remote control systems
may restrain the market growth in the forecast period.
Browse XX Figures spread through XX Pages and
an in-depth TOC on "Global Valve Remote Control System Market”.
Global valve remote control system market is segmented into
type, valve type, end user, regional distribution, and company. Based on the
type, the market can be divided into hydraulic, pneumatic, electric, &
electro-hydraulic. The pneumatic segment is expected to account for major
market share in the forecast period, 2022-2026. The huge demand for the
pneumatic valve remote control systems in the conveyors, cranes & hoists,
amongst others in developed countries is contributing significantly to the
segmental growth. It protects the actuator and valve present in the system and
is highly durable. Based on the valve type, the market can be divided into
ball, globe, butterfly, gate, diaphragm, plug, check, and safety.
The ball segment is expected to dominate the market
throughout the forecast period owing to its huge applications in the marine
industry. Based on end user, the market can be divided into manufacturing,
power generation, chemicals & petrochemical, oil & gas, and marine. The
chemicals & petrochemicals industry is expected to witness the fastest
incremental growth in the next five years. The chemical industry is growing
rapidly as it finds applications in the most prominent industry verticals including
water treatment, construction, textile, agriculture, paper & pulp, consumer
electronics, pharmaceuticals industry, amongst others. The use of valve remote
control systems in this industry ensures safety and maintains the workflow of
the organizations without any disturbance.
Emerson Electric Co., Nordic Group Limited, KSB
Korea Ltd, Rotork plc, Wartsila Corporation, Danuni Marine & Offshore A/S,
CycloTech, SelmanCo, Nakakita Seisakusho Co. Ltd., Greatech Technology are the
leading players operating in global valve remote control system market.
Market players are increasingly focusing on research and development process to
fuel higher growth in the market. To meet evolving customer demand with respect
to better efficiency and durability, several valve remote control system
manufacturers are coming up with their technologically advanced offerings.
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“The rapid industrialization around the globe to satisfy
the growing requirements of the rising population is creating lucrative
opportunities to flourish the water trade activities which in turn in boosting
the valve remote control system market growth. Growing installation of the
valve control systems in major industries to avoid the mis happenings that also
result in monetary losses is expected to influence the growth of the market.
Adoption of automation technology in the manufacturing industries to ensure the
safety and reliability during oil & gas operations is expected to propel
the growth of the valve remote control system market till 2031” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Valve Remote Control System Market By Type
(Hydraulic, Pneumatic, Electric, & Electro-Hydraulic), By Valve Type (Ball,
Globe, Butterfly, Gate, Diaphragm, Plug, Check, and Safety), By End User
(Manufacturing, Power Generation, Chemicals & Petrochemical, Oil & Gas
and Marine), By Region, Competition Forecast & Opportunities,
2021-2031F” has evaluated the future growth potential of
global valve remote control system market and provided statistics &
information on market size, shares, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global valve remote control system market.
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