Valve Remote Control System - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Valve Remote Control System market is accounted for $6.02 billion in 2017 and is expected to reach $10.20 billion by 2026 growing at a CAGR of 6.0% during the forecast period. The factors driving the market growth are expansion in power generation, the upsurge in demand for automation from the manufacturing industries and growing funds in the petrochemical and chemical infrastructure. However, lack of government rulesand huge installation price are restraining the market. Growing number of petrochemical plants and refineries creates ample of opportunities for the market growth.
Valve Remote Control Systems are adaptable solutions for hydraulic, electro-hydraulic, electric & pneumatic actuation. This innovation is reasonable for controllingelectro-hydraulic actuated valves systems. It is intended forships with the utilization of electric or hydraulic actuators. Hydraulic Valve Remote Control covers an expansive scope of actuators and linear with compact and robust design covering most of marine valves.
By application, the offshore segment is driven by due to the rise in manufacture of oil & gas reserves around the globe. Oil & gas play a crucial role in the offshore business. The increasing manufacture of oil sands and shale gas increase the demand for valve remote control system in various regions and the growing investments in natural gas investigation are expected to increase the demand for these valve remote control systems.
Based on geography, Asia Pacific in the global scenario has a positive impact on the market due to increasing expansion of onshore and offshore activities is likely to drive the market in various countries such as china, India and Malaysia.
Some of the key players in the Valve Remote Control System market are Emerson, Honeywell, SELMA Control, Daikin, KSB, Hoppe Marine, Danuni Marine, Jumho Electric, Hansun-Marine (Shanghai), Pleiger, Dennis Nakakita, GREATEC Marine, BFG Marine, BloomFoss, Nordic Flow Control, S-two, Shanghai Rongde Engineering Equipment and Shanghai Dongjun.
Valve Types Covered:
• Safety Valve
• Plug Valve
• Globe Valve
• Gate Valve
• Diaphragm Valve
• Check Valve
• Butterfly Valve
• Ball Valve
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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