The global digital valve controller market is anticipated to grow at a CAGR of 3.2% during the forecast period. Digitalization and the emergence of industry 4.0 have increased the importance of automation and effective process monitoring systems, prompting the usage of digital valve controllers in essentially every application where valves are being used to monitor and control flow. Owing to its wide application range and strong demand in multiple end sectors such as chemical, oil & gas, food & beverages, the global digital valve controller market is expected to grow at a significant CAGR during the forecast period. According to the International Federation of Robotics (IFR), in June 2020, the Chinese government invested $577 million to develop intelligent systems with smart monitoring systems. Moreover, in June 2020, Germany funded the “PAiCE” program with $55 million to develop digital industry platforms. Such investment by the government has surged the adoption of digital monitoring systems such as valve controllers in industrial automation.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/digital-valve-controller-market
Apart from these, the presence of market players and their inclination towards expanding their global presence and launching new products in collaboration with other players can bring innovation to fulfil growing market demand. For instance, in April 2021, the Cavagna Group launched Viproxy i-1Touch, a digital valve for medical oxygen therapy, with an optional IoT, added to it. The Viproxy i-1Touch valve comes complete with an integrated pressure regulator and digital pressure gauge that displays all parameters monitored during use and sends audible alerts. On the other hand, in April 2020, Baker Hughes entered the next great technology leap with the SV13 digital valve positioner. The SVI3 includes 19 NEW diagnostics for advanced and continuous monitoring of valve health while in operation. Similarly, in October 2019, Spirax Sarco UK acquired Valve and Control Engineering (VCE), based in Carluke, Scotland for $3.15 billion. The VCE acquisition was an important milestone in Spirax Sarco UK’s commitment to developing its services business.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Dymax, Emerson Electric, Co., Spartan Controls Ltd., Askalon AB, and Heap and Partners Ltd.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Digital Valve Controller Market Report by Segment
• Global Digital Valve Controller Market by Type
o Electric
o Hydraulic
o Pneumatic
• Global Digital Valve Controller Market by Application
o Chemical Industry
o Food Industry
o Paper Industry
o Shipbuilding Industry
o Others
Global Digital Valve Controller Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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