Global valve remote control system market is expected to grow at a significant rate in the forecast period, 2022-2026. The rising population around the globe is generating the need for more energy generation and transmission. The increase in power generation by the installation of new plants and the growing adoption of green energy is expected to influence the demand for global valve remote control system market. The surge in the investment for the development of the petrochemical and chemical industry and the growing applications of end products obtained from the petrochemical industries is expected to fuel the growth of the valve control system market in the next five years. An increase in the number of oil & gas reserves around the globe and the production of shale gas fuels and the oil sands is expected to accelerate the demand for valve remote control systems. High-end investments for the extraction of natural gas due to its growing use in the automotive, energy industry, and as a chemical feedstock in the manufacturing of chemicals is fostering the growth of the natural gas, which in turn is expected to boost the valve remote control system market growth. The surge in demand for predictive maintenance from the manufacturing industries and the growing demand for automation technology to enhance the convenience of the market players in the marine industry is expected to fuel the market growth.
The global valve remote control system market is segmented into type, valve type, end user, regional distribution, and company. Based on regional analysis, the Middle East & Africa region is expected to account for major market share in the forecast period, 2022-2026. The presence of the major oil-producing countries including UAE, Saudi Arabia, Iraq in the region is driving the growth of this segment.
The major players operating in the global valve remote control system market are Emerson Electric Co., Nordic Group Limited, KSB Korea Ltd, Rotork plc, Wartsila Corporation, Danuni Marine & Offshore A/S, CycloTech, SelmanCo, Nakakita Seisakusho Co. Ltd., Greatech Technology, among others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021E
Forecast Period2022Fâ2026F
Objective of the Study
- To analyze the historical growth in the market
size of global valve remote control system market from 2016 to 2020.
- To estimate and forecast the market size of global
valve remote control system market from 2021 to 2026 and growth rate until
2026.
- To classify and forecast the global valve
remote control system market based on type, valve type, end user, regional
distribution, and company.
- To identify dominant region or segment in the global
valve remote control system market.
- To identify drivers and challenges for global valve
remote control system market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
valve remote control system market.
- To identify and analyze the profile of leading
players operating in global valve remote control system market.
- To identify key sustainable strategies adopted
by market players in global valve remote control system market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers, which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Valve remote control system manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to valve remote control system market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
