Digital Valve Controller Market
Digital Valve Controller Market Size, Share, and Trends Analysis Report, By Type (Electric, Hydraulic, and Pneumatic), By End-User Industry (Chemical, Food & Beverages, Water & Wastewater Treatment, Oil & Gas, Energy & Power, and Others), Forecast (2022-2028) Update Available - Forecast 2024-2030
Digital valve controller market is anticipated to grow at a CAGR of 3.2% during the forecast period. A digital valve controller is a microprocessor-based instrument that is compatible with a variety of communication protocols, including HART, FOUNDATION Fieldbus, and PROFIBUS. Digital valve controllers are primarily used in numerous processes to regulate flow, pressure, temperature, or other variables. The type of valve used depends on the size of the pipe, the overall pressure that the system operates, the flowing media, process conditions, and other factors. The market is driven by the emerging demand from end-user industries such as chemical, food & beverages, pulp & paper, oil & gas, shipbuilding, and others. Furthermore, the market growth is also expected to grow significantly owing to the increasing industrialization in emerging economies and high investment in the oil & gas industry. For instance, in January 2022, Indian Oil Corp. Ltd. (IOCL) announced plans to expand its city gas distribution (CGD) business, looking to invest $918.6 million. Similarly, in July 2021, ONGC invested $4 billion in FY22 to boost its oil & gas output.
In addition to this, the massive power requirement owing to the rising population is estimated to boost the market growth during the forecast period. Apart from these, increased manufacturing activities and exploration in search of new reserves of oil and gas in various countries in the Asia-Pacific region such as China, India, and Thailand result in the massive utilization of digital control valves. However, the paucity of standardized norms and governing policies may hamper the market growth. Whereas, the need for the replacement or repair of old infrastructure is expected to create new growth opportunities for market growth.
Segmental Outlook
The global digital valve controller market is segmented based on type and application. Based on type, the market is segmented into electric, hydraulic, and pneumatic. Based on application, the market is categorized into chemical, food & beverages, water & wastewater treatment, oil & gas, energy & power, and others. Among these, the oil & gas segment is likely to hold a prominent share owing to the increasing investment along with rising oil & gas projects in emerging economies.
Regional Outlook
Geographically, the global digital valve controller market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America region is expected to witness notable growth in the market with some emerging trends which include rapid population growth and urbanization in developing economies, such as the US and Canada. Moreover, increasing demand for digital valve controllers in end-user industries which include water & wastewater treatment, construction, chemical, pharmaceutical, and oil & gas industries, and others is also the key factor accelerating the market growth.
Global Digital Valve Controller Market Growth, By Region 2022-2028
Asia-Pacific Region to Witness Prominent Share in the Global Digital Valve Controller Market
Geographically, Asia-Pacific region is expected to dominate the global digital valve controller market during the forecast period. The regional growth is attributed owing to the increasing adoption of digital valve controllers by end-user industries such as oil & gas, energy & electricity, and water & wastewater. Rapid population growth and urbanization in developing economies, such as China, Japan, and India are major factors that have surged the demand for digital valve controllers in end-user industries. In addition, the growing automation in the several process industries coupled with the emergence of industry 4.0 and escalating investment in the oil & gas industry in the region is expected to propel the growth of the market =. For instance, The Government of India has allowed 100% Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products and refineries, among others owing to increasing energy demand. According to IEA (India Energy Outlook 2021), primary energy demand is expected to nearly double to 1,123 million tons of oil equivalent, as the country's gross domestic product (GDP) is expected to increase to $8.6 trillion by 2040. This will surge the digital valve controller adoption in the oil & gas industry in the country.
Market Players Outlook
The major players in the global digital valve controller market include Dymax, Emerson Electric, Co., Spartan Controls Ltd., Askalon AB, and Heap and Partners Ltd. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, GEA launched the GEA T.VIS M-20 control top for process automation. The devices control and monitor process and CIP operations and can be deployable as standard in more than 80% of hygienic applications such as food, dairy, beverages, and pharmaceutical industries.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital valve controller market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Dymax
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Emerson Electric Co.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Spartan Controls Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Askalon AB
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Heap and Partners Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Digital Valve Controller Market by Type
4.1.1. Electric
4.1.2. Hydraulic
4.1.3. Pneumatic
4.2. Global Digital Valve Controller Market by End-User Industry
4.2.1. Chemical
4.2.2. Food & Beverages
4.2.3. Water & Wastewater Treatment
4.2.4. Oil & Gas
4.2.5. Energy & Power
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Azbil Corp
6.2. Baker Hughes
6.3. CIRCOR International, Inc.
6.4. Curtiss Wright Group
6.5. Dymax Corp
6.6. Fisher Scientific International, Inc
6.7. Flowserve Corp
6.8. KSB SE & Co. KGaA
6.9. Metso Oyj
6.10. Siemens
6.11. SMC Corp
6.12. The Weidmüller Interface GmbH & Co. KG
6.13. Toscano Linea Electronica SL
1. GLOBAL DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ELECTRIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HYDRAULIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PNEUMATIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
6. GLOBAL DIGITAL VALVE CONTROLLER IN CHEMICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DIGITAL VALVE CONTROLLER IN FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DIGITAL VALVE CONTROLLER IN WATER & WASTEWATER TREATMENT INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL VALVE CONTROLLER IN OIL & GAS INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL VALVE CONTROLLER IN ENERGY & POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DIGITAL VALVE CONTROLLER IN OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
17. EUROPEAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DIGITAL VALVE CONTROLLER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL DIGITAL VALVE CONTROLLER MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL DIGITAL VALVE CONTROLLER MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
3. GLOBAL DIGITAL VALVE CONTROLLER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL ELECTRIC DIGITAL VALVE CONTROLLER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL HYDRAULIC DIGITAL VALVE CONTROLLER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL PNEUMATIC DIGITAL VALVE CONTROLLER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL DIGITAL VALVE CONTROLLER IN CHEMICAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL DIGITAL VALVE CONTROLLER IN FOOD & BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL DIGITAL VALVE CONTROLLER IN WATER & WASTEWATER TREATMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL DIGITAL VALVE CONTROLLER IN OIL & GAS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL DIGITAL VALVE CONTROLLER IN ENERGY & POWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL DIGITAL VALVE CONTROLLER IN OTHER END-USER INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL DIGITAL VALVE CONTROLLER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
16. UK DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DIGITAL VALVE CONTROLLER MARKET SIZE, 2021-2028 ($ MILLION)
