June 18, 2024
Motorized Control Valves Market

Motorized Control Valves Market is Estimated to Witness High Growth Owing to Rising Demand from Oil & Gas Industry

Motorized control valves are motorized actuators used to control the flow of liquids and gases in industrial processes. They are utilized in various industries such as oil & gas, energy & power, water & wastewater treatment, food & beverages, and others. Motorized control valves provide advantages such as better process control, higher efficiency, reduced manpower requirements, and easy installation and commissioning.

The global motorized control valves market is estimated to be valued at US$ 12.37 Bn in 2024 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 Opportunity:

The rising demand from the oil & gas industry is expected to offer lucrative growth opportunities for the motorized control valves market over the forecast period. Motorized control valves find extensive usage in oil & gas applications such as production, refining, transportation, and distribution of oil and natural gases. They are utilized for controlling the flow of crude oil, natural gas, petroleum products, and other fluids at different stages of oil & gas operations. With growing oil & gas production activities across the globe to meet the rising energy demand, the demand for motorized control valves from the oil & gas industry is also anticipated to rise substantially during the forecast period. This rising demand from a crucial end-use industry will augment the growth of the global motorized control valves market over the coming years.

Porter’s Analysis

Threat of new entrants: Low capital requirement and availability of substitutes pose a moderate threat of new players entering the market. However, established brands and need for technical expertise remain entry barriers.

Bargaining power of buyers: Large buyers have significant influence over pricing due to huge order volumes. Small buyers have lower bargaining power.

Bargaining power of suppliers: Major suppliers have established supply networks and technical knowledge. Short lead times ensure limited supplier power.

Threat of new substitutes: New technologies can disrupt demand but high switching costs maintain product demand.

Competitive rivalry: Intense competition exists among top players to achieve pricing leverage and market share gains.

SWOT Analysis

Strength: Wide applications in industries support consistent demand. Technical expertise provides quality edge over new entrants.

Weakness: Heavy reliance on limited key industries increases vulnerability to economic cycles. High R&D costs to develop innovative products.

Opportunity: Growth in process industry automation and rising focus on energy efficiency drives valve upgrades. Expanding into emerging markets presents sizable prospects.

Threats: Trade tensions and regulatory stringency raise compliance costs. Substitutes pose disruption risk with new technologies.

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 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.

The Asia Pacific region dominates the market with the largest share owing to rapid industrialization and significant investments in process industries across China, India, Japan and Southeast Asian countries. Regional growth is estimated to be over 5.5% till 2031.

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., Kelvion Holdings, G√ľntner Group GmbH, DFC Pressure Vessel Manufacturer Co., Ltd., Xylem, AIC Inc., API Heat Transfer, Aqua Systems, Inc., Mersen, Southern Heat Exchanger, Hisaka Works, Koch Heat Transfer Company, Chart Industries, Inc., Apparantebau GmbH, Johnson Controls International, Funke W√§rmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc. WCR, Inc. and Danfoss capture a major portion of sales owing to their extensive product portfolio and global footprint.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it