Valve Controller Market by Forecast, Opportunities and Challenges - Global forecast to 2025

 The valve controller market size was USD 1.8 billion in 2020 and is projected to reach USD 2.2 billion by 2025. It is expected to register a CAGR of 3.7% during the forecast period.

Rising importance of monitoring and controlling in the process industries for improved efficiency, increasing demand for fuel and power, growing need for connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of the existing ones are the key driving factors for the valve controller market. The introduction of IIoT & Industry 4.0 and the need for valve replacement and adoption of smart valves to offer improved customer service are among the other factors fueling the valve controller market. However, a rise in collaboration among industry players can hamper the growth of the valve controller market.

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The digital valve controller market is projected to grow at a higher CAGR during the forecast period.

Digital valve controllers are the most widely used valve controllers due to their several applications across all industry verticals. The feedback-based controlling of the valve operation helps in better performance of the complete valve assembly. Digital valve controllers are more accurate and reliable as compared to traditional valve controllers. They are available with various communication protocols, such as FOUNDATION Fieldbus, PROFIBUS, HART, and CANopen. The use of communication protocols depends on the end-use applications and the facility they are being used at.

The HART communication protocol is projected to hold the largest share of the digital valve controller market during the forecast period.

Among all the communication protocols, HART is expected to account for the largest share of the digital valve controller market during the forecast period. HART is one of the most widely used communication protocols due to its several benefits. It supports all major field devices, works in existing 4-20mA loop, co-exists with digital communication on existing 2-wire loops, provides important information for installation and maintenance, such as tag identification, measurement values, range and range data, product information and diagnostics, and can save cable using a multidrop.

Emerson (US), Metso (Finland), CIRCOR (US), ABB (Switzerland), Schneider Electric (France), Flowserve Corporation (US), SMC Corporation (Japan), Azbil (Japan), Baker Hughes (US), Rotork (UK), Siemens (Germany), IMI (UK), CLA-VAL (US), Dymax Corporation (US), Tokyo Keiki (Japan), Curtiss Wright Group (US), and Samson Controls (Germany) are few of the major players in the valve controller market.

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