Valve Controller Market Witnesses Technological Advancements: IoT Integration and Remote Monitoring Gain Prominence

The valve controller market size is estimated at 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.

The rising importance of monitoring and controlling in the process industries for improved efficiency, increasing demand for fuel and power, growing need for a 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.

Leveraging Industrial Automation for Growth:

Industrial automation continues to be a driving force behind the expansion of the valve controller market. As industries seek to streamline their processes, increase productivity, and reduce manual intervention, the demand for automated valve controllers has skyrocketed. These intelligent devices allow for precise control and monitoring, leading to improved operational efficiency and cost savings. Manufacturers in the valve controller market must leverage this opportunity by offering innovative and reliable automation solutions.

Download PDF Brochure @

 https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256969578

IoT Integration and Remote Monitoring:

One of the key technological updates in the valve controller market is the integration of Internet of Things (IoT) capabilities. IoT-enabled valve controllers offer seamless connectivity, real-time data monitoring, and remote control options. This advancement empowers businesses to remotely monitor valve performance, detect anomalies, and optimize operations. The ability to access critical data and make informed decisions remotely has become a game-changer for industries, enhancing productivity, reducing downtime, and ensuring efficient maintenance.

Wireless Valve Controllers Redefine Convenience:

The emergence of wireless technology has revolutionized the valve controller market. Traditional wired controllers are often cumbersome to install and maintain, requiring extensive wiring infrastructure. However, wireless valve controllers eliminate these limitations, providing flexibility and ease of installation. With the elimination of wired connections, industries can now integrate valve controllers into their existing infrastructure more seamlessly. This technological update has opened up new avenues for growth and market penetration.

Smart Valve Controllers for Sustainable Solutions:

In line with the global focus on sustainability, smart valve controllers have gained prominence in the market. These controllers offer advanced features like predictive maintenance, energy optimization, and environmental monitoring. By leveraging smart valve controllers, industries can minimize energy consumption, reduce greenhouse gas emissions, and optimize resource utilization. The demand for sustainable solutions continues to grow, presenting an excellent opportunity for valve controller manufacturers to align their offerings with eco-friendly practices.

Market Expansion Beyond Traditional Industries:

The valve controller market is no longer limited to traditional industries such as oil and gas, energy, and water management. With advancements in technology, valve controllers are finding applications in diverse sectors, including pharmaceuticals, food and beverage, chemicals, and even smart homes. As new industries adopt automation and require precise control over fluid processes, the market scope for valve controllers expands significantly. Companies must adapt their strategies and product offerings to cater to this evolving demand.

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.

Know more Information @ https://www.marketsandmarkets.com/Market-Reports/valve-controller-market-256969578.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441