Valve Driver Market

Valve Driver Market is projected to reach USD 571 million by 2027, exhibiting a CAGR of 4.9% during forecast period.

Valve drivers are designed to control proportional hydraulic valves. They are also suitable for various small logic applications. Proportional valve driver is used to remove the effects of temperature and power supply variations from valve performance by delivering a controlled current across solenoid and bi-directional voice-coils. Solenoid valve driver provides the drive signal required to operate the proportioning solenoid valves used for pressure or flow control.

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Increasing importance of monitoring & controlling in the process industries for improved efficiency and growing demand for fuel and power consumption coupled with development of new nuclear power plants are some of the major driving factors responsible for the growth of valve driver market.  In addition, rise in demand for valve drivers in commercial & residential applications owing to their lower costs and minimize efficiency losses along with the increasing concerns about the growing demand for energy efficiency is supporting the growth of the market. Moreover, growing construction activities, rising number of smart homes, and establishment of commercial spaces and industries all across the world are further driving the market growth.

Furthermore, the growing implementation of digitization and automation are likely to propel the demand of valve drivers during the forecast period. Furthermore, the growing demand for valve drivers in residential and commercial applications is expected to drive the market growth during the forecast period. However, the fluctuation in prices of raw materials and stringent rules and regulations are likely to hamper the market growth over the coming years. However, the lack of standardized norms and governing policies are expected to hinder the growth of the valve driver market during the forecast period.

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Based on function, the market is segmented into solenoid and proportional. The proportional valve drivers segment is projected to hold a notable share in the market during the forecast period. This can be attributed to increasing applications of proportional valves in several verticals including commercial & residential, motion equipment, and industries, that includes food manufacturing, chemical and plastic manufacturing, oil & gas, pharmaceuticals, metals & mining, energy & power, and water & wastewater processing.

Based on valve type, the market is segmented into conventional control valve and expansion valve. The expansion valve segment is anticipated to grow significantly over the forecast period owing to the extensive use of expansion valve in refrigeration and air conditioning systems. In addition, growing adoption of HVAC systems in residential as well as commercial areas along with the rising inclination of consumers towards energy-efficient systems is expected to further stimulate the growth of the market.

Based on end-user, the market is segmented into commercial & residential, industrial, and motion equipment. The commercial & residential segment is expected to account for a prominent share in the valve driver market owing to the increasing employment of HVAC&R systems in the commercial and residential sectors together with the increase in the number of commercial and residential spaces including shopping malls, hotels, corporate office spaces, airports, educational institutions, smart homes, and hospitals.

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Based on the region, Asia-Pacific region is anticipated to witness a significant growth in the valve driver market during the forecast period. This is primarily due to the growing industrialization and rapid urbanization and in developing countries, such as China, Japan, South Korea, and India. In addition, rising population, growing construction activities, and increasing number of industries including electronics, automotive, manufacturing, and hospitality are further stimulating the growth of the valve drivers market in the region. North America is projected to account for prominent share in the valve driver market owing to rapid economic development, increasing demand for automation, and growing number of smart homes, hotels, commercial complex, industries in the region. Moreover, increasing focus towards the development of energy and power plants, mining and chemical industry, and water infrastructure are further escalating the demand of valve drivers in the region.

Various notable players operating in the global Valve Driver market, include, Danfoss, Parker Hannifin Corporation, Emerson Electric Co., Eliwell Controls, Carel Industries S.p.A., MKS Instruments Inc., HydraForce Inc., Hussmann Corporation, Sanhua International, Inc., and0. Fujikoki Corporation among other companies. 

Key Developments:

• • In 2020, Danfoss acquired the Hydraulics business of Eaton Corporation Plc. With this acquisition, Danfoss is expected to enhance its product portfolio.
  • In 2019, MKS Instruments, Inc., aprovider of instruments, subsystems and process control solutions acquired Electro Scientific Industries, Inc., one of the leading providers of laser-based manufacturing solutions for the micro-machining industry. This acquisition is anticipated to strengthen the core business of MKS Instruments, Inc.
  • In 2018, Metso Corporation acquired the valve automation division of India based Rotex Manufacturers and Engineers Private Limited (RMEPL). This acquisition is expected to strengthen the business portfolio of the Metso Corporation in the valve market.

The global Valve Driver market has been segmented on the basis of light source, application, and region. Based on the light source, the market is segmented into LED and other light sources. On the basis of application, the market is segmented into entertainment, medical, and UV lamp.

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Key questions answered in this research report:

• • At what pace is global Valve Driver market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Valve Driver market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Valve Driver market?
  • Which function generated maximum revenues in 2019 and identify the most promising function during the forecast period?
  • What are the various end-user of global Valve Driver market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Valve Driver Market by Function

• • Solenoid
  • Proportional

Global Valve Driver Market by Valve Type

• • Conventional Control Valve
  • Expansion Valve

Global Valve Driver Market by End-User

• • Commercial & Residential
  • Industrial
  • Oil & gas
  • Pharmaceutical
  • Energy & Power
  • Metals & Mining
  • Water & Wastewater
  • Food & Beverages
  • Others
  • Motion Equipment

Global Valve Driver Market by Region

• • North America Valve Driver Market(Option 1: As a part of the free 25% customization)

• • • North America Valve Driver Market by Function
    • North America Valve Driver Market by Valve Type
    • North America Valve Driver Market by End-User
    • United States of America (US) Valve Driver Market All-Up
    • Canada Valve Driver Market All-Up
  • Europe Valve Driver Market(Option 2: As a part of the free 25% customization)

• • • Europe Valve Driver Market by Function
    • Europe Valve Driver Market by Valve Type
    • Europe Valve Driver Market by End-User
    • United Kingdom (UK) Valve Driver Market All-Up
    • Germany Valve Driver Market All-Up
    • France Valve Driver Market All-Up
    • Spain Valve Driver Market All-Up
    • Rest of Europe Valve Driver Market All-Up

• • Asia-Pacific Valve Driver Market(Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Valve Driver Market by Function
    • Asia-Pacific Valve Driver Market by Valve Type
    • Asia-Pacific Valve Driver Market by End-User
    • China Valve Driver Market All-Up
    • India Valve Driver Market All-Up
    • Japan Valve Driver Market All-Up
    • Rest of APAC Valve Driver Market All-Up

• • RoW Valve Driver Market(Option 4: As a part of the free 25% customization)

• • • RoW Valve Driver Market by Function
    • RoW Valve Driver Market by Valve Type
    • RoW Valve Driver Market by End-User
    • Brazil Valve Driver Market All-Up
    • South Africa Valve Driver Market All-Up
    • Saudi Arabia Valve Driver Market All-Up
    • UAE Valve Driver Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Valve Driver Market All-Up

Global Valve Driver Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Danfoss 
  • Parker Hannifin Corporation
  • Eliwell Controls
  • Emerson Electric Co.
  • Carel Industries S.p.A.
  • MKS Instruments Inc.
  • HydraForce Inc. 
  • Hussmann Corporation
  • Sanhua International, Inc.
  • Fujikoki Corporation