Valve Controller Market

Market Leadership - Valve Controller Market

The valve controller market is projected to reach USD 2.2 billion by 2025 from USD 1.8 billion in 2020. It is expected to register a CAGR of 3.7% during the forecast period. The rising importance of monitoring and controlling in the process industries for improved efficiency, increasing demand for fuel and power, growing need for a connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of the existing ones are the key driving factors for the valve controller market. The introduction of IIoT & industry 4.0, need for valve replacement, and the adoption of smart valves to offer improved customer service are among the other factors fueling the valve controller market.

Emerson (US), Metso (Finland), CIRCOR International (US), ABB (Switzerland), Schneider Electric (France), Flowserve Corporation (US), SMC Corporation (Japan), Azbil (Japan), Baker Hughes (US), Rotork (UK), Siemens (Germany), IMI (UK), CLA-VAL (US), Dymax Corporation (US), Tokyo Keiki (Japan), Curtiss Wright Group (US), and Samson Controls (Germany) are among the major players in the valve controller market. These players undertook partnerships, mergers, acquisitions, and agreements between 2017 and 2019 to increase their market share.

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Top 2 Players in Valve Controller Market:

Emerson (US)

Emerson provides engineering and industrial solutions through 200 manufacturing facilities worldwide. The company offers mainly two types of valve controllers: discrete valve controllers and digital valve controllers. These products are used in the chemical, automotive, food & beverage, pulp & paper, oil & gas, power generation, and metals & mining, among other industries. Emerson has been driving the valve controller market with linkage-less, non-contact feedback technology, which helped the company sell over 1 million products globally that reduce wear, loosening, corrosion, and vibration damage to a great extent. The company has been focusing on digital transformation through prevalent sensing technologies deployed across a customer’s assets and infrastructure to capture real-time data and optimize operations in the valve controller segment. This will ensure a seamless and more accurate manufacturing process and, in turn, help the company’s scale economically. Emerson has also shown the ability to drive the valve controller market through strategic acquisitions and continuous growth in the oil & gas, petrochemical, power generation, and pharmaceutical industries. For instance, in 2019, Emerson acquired Spence and Nicholson Steam Technology Product Lines from CIRCOR International that enabled Emerson to fill strategic gaps in its portfolio and diversify its product offerings. In 2018, the company acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently.

Metso (Finland)

Metso is one of the leading companies providing sustainable solutions in the processing flow of natural resources in the mining, aggregates, recycling, and process industries. The company is one of the leading manufacturers of valve controllers across different industry segments, providing reliable and secured solutions for more than 25 years. It is always focused on a differentiation strategy to increase the penetration of valve controller products to existing as well as new end users. Metso’s focus on R&D has helped the company revolutionize changes in digitization and data-driven processes related to flow-control segments and meet the potential requirements of its customers by ensuring a clear long-term strategy. The company is continuously striving to grow its existing business and capitalizing on the potential of its installed base. It is also considering growth opportunities through expansion into new market segments and growing services.

Related Reports:

Valve Controller Market by Type (Traditional and Digital Valve Controller), Digital Valve Controller Communication Protocol, End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Geography - Global forecast to 2025

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Report Code
SE 7659
RI Published ON
5/22/2020
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