Motorized Control Valves Market is Expected to be Flourished by the Growing Demand from Water and Wastewater Treatment Industry
The motorized control valves are electromechanically operated valves that are used to control the flow, temperature, and pressure of fluids in heating, ventilation, and air conditioning (HVAC) systems, water and wastewater treatment plants, and other industrial applications. Motorized control valves come in different types and sizes and are commonly used in regulating the flow of liquids and gases in industries such as oil & gas, food & beverages, pharmaceuticals, power, and chemicals. They can operate from 2-way applications for on/off services to complex modulating control valves with positioning feedback.
The global motorized control valves market is estimated to be valued at US$ 12.37 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers propelling the growth of the motorized control valves market is the growing demand from the water and wastewater treatment industry. Motorized control valves find widespread application in water and wastewater treatment plants for regulating the flow of water, sludge, and chemicals at various stages of treatment processes such as filtration, softening, chlorination, etc. According to UN-Water, around 1.8 billion people use a source of drinking water contaminated with feces, putting them at risk of contracting cholera, dysentery, typhoid, and polio. This has increased the need for water treatment activities across both urban and rural areas globally. Moreover, stringent environmental regulations regarding the treatment of industrial wastewater before discharge are also promoting the installation of modern water treatment facilities equipped with motorized control valves and automated control systems. Therefore, the rapid infrastructural developments in the water and wastewater management industry are expected to propel the demand for motorized control valves over the forecast period.
Segment Analysis
The global motorized control valves market can be segmented into valve sizes, industry verticals, and regions. By valve size, the below 6 inch segment dominates the market as majority of HVAC applications utilize smaller sized valves. By industry vertical, the oil & gas segment dominates due to extensive use of valves in pipelines for flow control applications.
PEST Analysis
Political: trade policies such as tariffs impact import and export of control valves across regions.
Economic: fluctuations in prices of raw materials like steel impacts manufacturing costs. Investments in process industries boosts demand.
Social: growing urbanization increases infrastructure development and demand for HVAC systems utilizing control valves.
Technological: integration of smart technologies enables remote monitoring and control of valves. Digitalization aids predictive maintenance.
Key Takeaways
The Global Motorized Control Valves Market Demand is expected to witness high growth. The global motorized control valves market is estimated to be valued at US$ 12.37 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.
North America dominates due to stringent environment compliance. Asia Pacific exhibits fastest growth due to increasing investments in process industries in China and India.
Key players operating in the motorized control valves market are WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd.. Key players focus on product innovation and geographic expansion to gain higher shares.
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