Valve Driver Market - By Function (Solenoid, Proportional), By Valve Type (Conventional Control Valve, Expansion Valve), By End-use Industry (Commercial, Residential, Industrial) & Forecast, 2024 - 2032

Valve Driver Market Size

Valve Driver Market was valued at over USD 520 million in 2023 and is estimated to register a CAGR of over 5.7% between 2024 and 2032. The increasing adoption of connected valve drivers has improved control, efficiency, and remote monitoring capabilities, which has led to a notable development in industrial automation.
 

The connected valve drivers facilitate real-time communication, data collecting, and analysis by integrating with Internet of Things (IoT) platforms. This connectivity helps the operators to remotely monitor valve performance data and monitor it to minimize downtime and lower maintenance costs. Such connectivity and monitoring enhance the valve performance and reduces predictive maintenance. Furthermore, the connected valve drivers are simple to integrate into pre-existing network infrastructures. They allow for increased flexibility and scalability in system design. Further, they facilitate sophisticated features like optimization and adaptive control algorithms, which enable more accurate and effective valve operation. Moreover, the data collected from connected valve drivers can be leveraged for analytics-driven decision-making, leading to improved process optimization and resource allocation.
 

For instance, in May 2022, Emerson Electric announced the release of its AVENTICS™ Series Advanced Valve (AV) valve system with Advanced Electronic System (AES) Profinet and Ethernet/IP. This advanced valve system has directly integrated capability and it can be preinstalled Open Platform Communications Unified Architecture (OPC UA) functionality.
 

Significant demand for valve drivers is being driven by rising infrastructure project investments globally in construction, power production, water treatment, and oil and gas pipelines. To ensure the effective operation and maintenance of infrastructure systems, valve drivers are crucial components of these projects since they frequently call for precise control over fluid or gas flow. The demand the valve driver is rising as governments and private investors commit funding to upgrade and expand infrastructure networks.
 

High initial investment is required for customized applications and large-scale implementation. The cost of valve drivers is relatively high especially for intricate industrial processes or infrastructure projects, when combined with installation, integration, and system design fees. The initial investment is also linked with the human training costs, continuing maintenance costs, and licensing fees for proprietary technologies. These high costs can hamper the implementation of advanced valve driver solutions, which further slower market penetration and adoption rates despite the potential long-term benefits.
 

Valve Driver Market Trends

The growing demand for valve driver in several industries for small, space-saving solutions, especially in those where real estate is scarce or portability is crucial, is reflected in the growing need for valve driver miniaturization. Valve driver miniaturization has several advantages, such as lower weight, and flexibility in system installation and design. Miniaturized valve drivers allow sophisticated fluid control systems to be integrated into smaller devices without sacrificing performance, which is particularly useful in space-constrained industries like consumer electronics, automotive, and medical equipment.
 

Developments in microelectronics and manufacturing processes, which enable the creation of incredibly dependable and efficient miniature components, drives the growth of the valve driver market. Additionally, smaller valve drivers frequently use less power, which makes them perfect for battery-powered or energy-efficient applications. They might also result in lower manufacturing, maintenance, and material costs. All things considered, the necessity for more compact, effective, and adaptable solutions that can satisfy the changing needs of contemporary industrial and consumer applications is driving the drive for valve driver miniaturization.
 

Valve Driver Market Analysis

Based on the valve type, the market is segmented into conventional control valve and expansion valve. The conventional control valve segment accounted for the largest market share of over 70% in 2023.
 

• Conventional control valves are essential parts of fluid control systems, controlling the flow of gases or liquids in different kinds of industrial operations. Usually, they are made up of a positioner, actuator, and valve body. A movable component, like a plug or disc, inside the valve body modifies the flow in response to signals from the actuator.
   
• The actuator, which can be driven by electric, hydraulic, or pneumatic power, modifies the valve's position to produce the required pressure or flow rate. Accurate valve alignment is ensured by a positioner, which improves control precision.
   
• Conventional control valves are dependable and reasonably priced options for a variety of applications as they function according to basic control principles.

Based on end-use industry, the market is segmented into commercial, residential, and industrial. The industrial segment is estimated to register a CAGR of over 5.2% over the forecast period.
 

• Industrial valve drivers are crucial parts that regulate the operation of industrial valves in automation, manufacturing, and process control applications. In response to input signals from control systems, these drivers function as actuators, applying the required force to open, close, or vary the position of the valve.
   
• Pneumatic, hydraulic, and electric industrial valve drivers are different types of industrial valve drivers. Each is appropriate for a certain set of operating parameters and environmental circumstances. Industrial valve drivers have several advanced features, like digital communication interfaces, programmable control algorithms, and remote monitoring that enable enhanced functionality and integration with advanced automation systems. They play a crucial role in providing accurate and dependable fluid or gas flow control, contributing to the efficiency, safety, and performance of industrial processes.

Asia Pacific holds a significant share of over 34% in the global valve driver market in 2023. The regional market is characterized by robust industrialization, urbanization, and infrastructure development. Major countries, including ASEAN countries, China, India, Japan, and South Korea are involved in the market's expansion. The automotive, electronics, and machinery industries are thriving manufacturing sectors, driving a substantial need for valve drivers in process control and automation applications.
 

Furthermore, continuous expenditure on energy infrastructure such as facilitating water treatment, oil and gas extraction, and power generation further propel market expansion. Moreover, it is anticipated that to better manage and improve environmental regulations, water and wastewater, and enhance energy efficiency would propel the development of advanced valve driver technologies across a variety of industries.
 

Valve Driver Market Share

Emerson Electric Co. and Parker Hannifin Corporation held over 7.5% of the market share in 2023. Emerson Electric Co. provides a vast array of cutting-edge industrial automation and process control solutions. Emerson, which places a high priority on engineering quality and technology, offers sophisticated valve drivers with features like digital control, the ability to do predictive maintenance, and smooth connection with automation systems. The company is a major participant in the valve driver industry thanks to its broad product and global reach.
 

To increase market share, major players including Emerson Electric Co., Parker Hannifin Corporation, Flowserve Corporation, Honeywell International Inc., and Danfoss take strategic actions like geographic expansion, acquisitions, mergers, partnerships, collaborations, and the launch of new products or services.
 

Valve Driver Market Companies

Major players operating in the market are:

• Carel Industries
• Danfoss
• Eliwell Controls
• Emerson Electric Co.
• Flowserve Corporation
• Fujikoki Corporation
• Honeywell International Inc.
• Hussmann Corporation
• Hydraforce Inc.
• MKS Instruments
• Parker Hannifin Corporation
• Sanhua
• Schneider Electric SE
• Siemens AG
• Spirax-Sarco Engineering plc
   

Valve Driver Industry News

• In November 2022, Parker Hannifin designed VA series valve control system, which is used in the mobile equipment industry. This series is capable of increased versatility and efficiency over their older valve systems. It plays a vital role in different industries and applications by providing valve control for simple single valve switching to complex valve control for entire mobile equipment operation.
   
• In May 2022, Flowserve Corporation, a flow control products and services provider for the infrastructure markets, acquired a contract to provide control and ball valves to OMV’s chemical recycling demonstration plant at Schwechat, Austria.
   

The valve driver market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Function

• Solenoid
• Proportional

Market, By Valve Type

• Conventional Control Valve
• Expansion Valve

Market, By End-use Industry

• Commercial
• Residential
• Industrial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA