CLEVELAND, December 21, 2021 / PRNewswire / – New analysis from Freedonia Group predicts global demand for industrial valves to grow 4.9% per year to 103 billion dollars in 2025, driven by the growing demand for more expensive valves with integrated sensors.

As systems automation and internet integration become more and more common, valve vendors are finding more and more opportunities to differentiate their products and services. While the physical performance of valves remains of paramount importance, the increasing use of more advanced technologies is prompting valve manufacturers to invest in digital skills and service offerings. For example:

• Suppliers of automatic valves are increasingly incorporating a wide range of sensors that track variables such as temperature and pressure.

• Together with diagnostic software, these sensors provide important data that can be used to optimize performance and continuously assess maintenance needs.

Due to the increasing variety of settings in which automation systems are used, valve suppliers are called upon to deliver more than standardized physical products. Manufacturers who can consult with their customers to supply valves as a component of a bespoke automation system will find growth opportunities.

Building automation represents a major opportunity for smart valves

Industrial valve systems that contain a microprocessor-based controller – also known as smart valves or smart actuators – continue to gain popularity. Smart valves monitor a wide range of process variables such as upstream and downstream pressure, temperature, stem position and flow rate; they also allow instant transfer of information such as diagnostics, control instructions and documentation.

The growth of building automation is a major driver of the increased use of smart valves. Building automation systems – which are increasingly common in residential and commercial environments – enable the monitoring and optimization of a variety of building systems, including valve-related systems like HVAC and l ‘water. For example, smart plumbing systems can improve efficiency by quickly detecting leaks and automatically shutting off water in affected areas.

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Global industrial valves is now available from the Freedonia Group. This study provides historical data for 2010, 2015 and 2020, and forecasts for 2025 and 2030 for shipments (at the manufacturer level), demand, imports and exports in current dollars (which are not adjusted for inflation). Country-level demand totals are also presented in local currency. The main types of products and markets are also analyzed.

Some products:

• standard multiturn valves

• standard quarter-turn valves

• other standard – i.e., manually operated – valve products

• automatic control valves

• automatic control valves

• automatic valve actuators sold separately

Markets:

• manufacturing process

• hydraulic infrastructure

• building construction

• oil and gas

• electricity production

• all other markets, including mining, shipbuilding, healthcare (except artificial heart valves), household and commercial appliances, natural gas utilities, rail equipment, semiconductors and other spare parts, and truck tank trailers

About the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the leading international industrial research company, providing our clients with product analyzes, market forecasts, industry trends and market share information. From individual consulting firms to global conglomerates, our analysts provide businesses with unbiased and reliable market research and analysis to help them make important business decisions. With over 100 studies published each year, we support over 90% of Fortune 500 industrial companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for a personalized search: +1 440.842. 2400.

Press contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

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SOURCE The Freedonia Group