Frequently asked questions
In 2022, the global Motorized Control Valves Market is expected to be worth USD 10215.5 million.
The Motorized Control Valves Market is estimated to increase at a CAGR of 6.60% between 2023 and 2030, reaching USD 17034.0 Million in 2030.
The oil and gas market, which accounted for a considerable chunk of the worldwide industry share in 2022
Medium-Diameter Valves are the most popular market sector
The Energy Sector is the fastest growing market segment
In 2022, the Asia-Pacific Motorized Control Valves Market will account for 55% of worldwide revenue
The top players include Emerson Electric Company, Danfoss, Samson, Rotork, Flowserve, ARI Group, IMI Precision Engineering, Parker, GEMÃ Group, Burkert, Honeywell Systems, Hora, Pentair, Belimo, Hansen Technologies, A.u.K Muller GmbH, and Marsh Automation.
Increasing demand for automation and control systems in various industries, Growing focus on energy efficiency and sustainability and Technological advancements in motorized control valve technology are the key drivers of the market
The high initial expenses of motorized control valves and their installation In particular businesses, there is a lack of awareness and understanding of the benefits of motorized control valves. Due to compatibility difficulties, upgrading existing systems with motorized control valves presents challenges.
The growth of industries such as HVAC, water treatment, and oil and gas has created a larger market for motorized control valves. As the emphasis on smart and connected systems grows, opportunities for integrating motorized control valves with IoT technology emerge and Rising demand for customized and application-specific motorized control valves, creating opportunity for market participants to provide specialized solutions.