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Valve Driver Market Trends

Report ID: GMI9154
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for valve driver recorded over USD 520 million in 2023 and is expected to depict over 5.7% CAGR from 2024 to 2032, owing to the increasing need to control, efficiency, and remote monitoring capabilities.

The conventional control valve segment in the valve driver industry account for over 70% revenue share in 2023 and is projected to expand at significant rate from 2024 to 2032, due to their dependability and reasonable priced options for a variety of applications.

Asia Pacific industry accumulated over 34% share in 2023 and is projected to witness substantial gains from 2024 to 2032, on account of the continuous expenditure on energy infrastructure like facilitating water treatment, oil & gas extraction, and power generation.

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, and Spirax-Sarco Engineering plc are some of the key valve driver companies worldwide.