Global valve driver market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2024-2031).A major factor supporting the growth of the market is the growing demand for valve drivers in numerous industries along with developments in manufacturing processes. The growing requirement for valve driver miniaturization is a reflection of the growing demand for tiny, space-saving solutions across a variety of industries, particularly those where real estate is limited or portability is essential. Miniaturizing valve drivers has several benefits, including lighter systems and more adaptable system architecture and installation. The integration of complex fluid control systems into smaller devices without compromising performance is made possible by miniature valve drivers, which is especially helpful in sectors with limited space, such as consumer electronics, automotive, and medical equipment.For instance, in February 2024, Rotarex SRG launched its patented new and improved version of multivalve. The new multivalve redefines accuracy in gas measurement with electronic measurement boasts an impressive 3-80% reading, which surpasses classical mechanical, float-based models offering a reading of only 15-55% due to dimensional constraints. This level of accuracy ensures reliability and peace of mind for all users. This installation is easy and flexible and provides ultra-precise readings with an accuracy of +/- 1% with our PUSH-to-VIEW-Display.
Browse the full report description of “Valve Driver Market Size, Share & Trends Analysis Report by Valve Type (Conventional Control Valve and Expansion Valve). by Function (Solenoid and Proportional). and by End-User (Commercial, Residential, and Industrial).Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/valve-driver-market
In November 2023, Emerson announced its new TopWorx DVR Switchbox, an entry-level addition to the DV Series of valve position indicators. It combines a durable resin enclosure, compact size, and a patented cam design that provides water and wastewater systems, food and beverage production lines, and industrial utilities with a reliable valve position feedback tool.In addition, its enclosure has an Ultraviolet (UV) F1 rating, providing UV resistance that ensures the DVR performs reliably over the long term in outdoor conditions. Additionally, the valve driver market is growing due to advancements in microelectronics and manufacturing processes, which enable the creation of efficient miniature components. These smaller drivers are ideal for battery-powered applications and reduce costs.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Valve Type
o By Function
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Carel Industries S.p.A., Emerson Electric Co., Flowserve, Honeywell International Inc., Parker Hannifin Corporation, and Siemens AG, among others.
Key questions addressed by the report.
Global Valve Driver Market Report Segment
By Valve Type
By Function
By End-User
Global Valve Driver Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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