The global digital valve controller market is anticipated to grow at a CAGR of 3.2% during the forecast period. Digitalization and the emergence of industry 4.0 have increased the importance of automation and effective process monitoring systems, prompting the usage of digital valve controllers in essentially every application where valves are being used to monitor and control flow. Owing to its wide application range and strong demand in multiple end sectors such as chemical, oil & gas, food & beverages, the global digital valve controller market is expected to grow at a significant CAGR during the forecast period. According to the International Federation of Robotics (IFR), in June 2020, the Chinese government invested $577 million to develop intelligent systems with smart monitoring systems. Moreover, in June 2020, Germany funded the “PAiCE” program with $55 million to develop digital industry platforms. Such investment by the government has surged the adoption of digital monitoring systems such as valve controllers in industrial automation.
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Apart from these, the presence of market players and their inclination towards expanding their global presence and launching new products in collaboration with other players can bring innovation to fulfil growing market demand. For instance, in April 2021, the Cavagna Group launched Viproxy i-1Touch, a digital valve for medical oxygen therapy, with an optional IoT, added to it. The Viproxy i-1Touch valve comes complete with an integrated pressure regulator and digital pressure gauge that displays all parameters monitored during use and sends audible alerts. On the other hand, in April 2020, Baker Hughes entered the next great technology leap with the SV13 digital valve positioner. The SVI3 includes 19 NEW diagnostics for advanced and continuous monitoring of valve health while in operation. Similarly, in October 2019, Spirax Sarco UK acquired Valve and Control Engineering (VCE), based in Carluke, Scotland for $3.15 billion. The VCE acquisition was an important milestone in Spirax Sarco UK’s commitment to developing its services business.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Digital Valve Controller Market Report by Segment
- Global Digital Valve Controller Market by Type
o Electric
o Hydraulic
o Pneumatic
- Global Digital Valve Controller Market by Application
o Chemical Industry
o Food Industry
o Paper Industry
o Shipbuilding Industry
o Others
Global Digital Valve Controller Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital valve controller market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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