Valve Driver Market Size

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.

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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.