A Valve Remote Control System (VRCS) is a type of control system that is designed to remotely operate and control valves in various industrial applications. It allows operators to control the opening, closing, and positioning of valves from a centralized location, often a control room or a remote station. The system typically consists of several components, including control consoles, remote terminal units, actuators, sensors, and communication networks. The key factor driving the market growth is growing need for remotely operated valves from oil & gas production and rising number of refineries and petrochemical plants that anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Moreover, the petrochemicals industry is experiencing significant growth due to the rising demand for various products such as plastics, fertilizers, rubber, and synthetic fibers. These industries rely on complex processes that require precise control of valves to regulate fluid flow, pressure, and temperature. As the petrochemicals industry expands, there will be a higher demand for VRC systems to ensure efficient and reliable valve operation. According to Statista, 2019, the global petrochemicals market was valued USD 441 billion; in 2022 the market reached USD 584.5 billion and it is anticipated to reach USD 1002.45 billion by 2030. Additionally, high demand for automation and predictive maintenance from manufacturing industries is anticipated to create the lucrative opportunity for the market over forecast period.
However, the high installation cost and lack of standardized certifications and government policies stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Valve Remote Control System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the rising Investment in shale gas production, growing number of projects from chemical, petrochemical and offshore wind and improving and modernizing power plants under government's reform. Whereas, the Asia Pacific region is expected to grow at fastest growth rate during the forecast period, owing to factors such as rising development of onshore and offshore activities, growing focus on the growth of oil & gas sector, rising development offshore activities, and resurgence of oil & gas industry in the region.
Major market player included in this report are:
- Emerson Electric Co.
- Wartsila Corporation
- Nordic Group Limited
- KSB SE & Co. KGaA
- Scana Skarpenord AS
- Sander Stove Co. Ltd.
- Rotork plc
- BESI Marine Systems GmbH
- Pleiger Group
- Selma Integrated Technology Ltd.
Recent Developments in the Market:
Global Valve Remote Control System Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Valve Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Hydraulic
- Pneumatic
- Electric
- Electro Hydraulic
By Application:
By Valve Type:
- Ball Valve
- Globe Valve
- Butterfly Valve
- Gate Valve
- Diaphragm Valve
- Plug Valve
- Check Valve
- Safety Valve
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Valve Remote Control System Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Valve Remote Control System Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Valve Remote Control System Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Valve Remote Control System Market, by Valve Type, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Valve Remote Control System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Valve Remote Control System Market Dynamics
- 3.1. Valve Remote Control System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing need for remotely operated valves from oil & gas production
- 3.1.1.2. Rising number of refineries and petrochemical plants
- 3.1.2. Market Challenges
- 3.1.2.1. High installation cost
- 3.1.2.2. Lack of standardized certifications and government policies
- 3.1.3. Market Opportunities
- 3.1.3.1. High demand for automation and predictive maintenance from manufacturing industries
Chapter 4. Global Valve Remote Control System Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Valve Remote Control System Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Valve Remote Control System Market by Type, Performance - Potential Analysis
- 5.3. Global Valve Remote Control System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Valve Remote Control System Market, Sub Segment Analysis
- 5.4.1. Hydraulic
- 5.4.2. Pneumatic
- 5.4.3. Electric
- 5.4.4. Electro Hydraulic
Chapter 6. Global Valve Remote Control System Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Valve Remote Control System Market by Application, Performance - Potential Analysis
- 6.3. Global Valve Remote Control System Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Valve Remote Control System Market, Sub Segment Analysis
- 6.4.1. Marine
- 6.4.2. Offshore
- 6.4.3. Others
Chapter 7. Global Valve Remote Control System Market, by Valve Type
- 7.1. Market Snapshot
- 7.2. Global Valve Remote Control System Market by Valve Type, Performance - Potential Analysis
- 7.3. Global Valve Remote Control System Market Estimates & Forecasts by Valve Type 2020-2030 (USD Billion)
- 7.4. Valve Remote Control System Market, Sub Segment Analysis
- 7.4.1. Ball Valve
- 7.4.2. Globe Valve
- 7.4.3. Butterfly Valve
- 7.4.4. Gate Valve
- 7.4.5. Diaphragm Valve
- 7.4.6. Plug Valve
- 7.4.7. Check Valve
- 7.4.8. Safety Valve
Chapter 8. Global Valve Remote Control System Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Valve Remote Control System Market, Regional Market Snapshot
- 8.4. North America Valve Remote Control System Market
- 8.4.1. U.S. Valve Remote Control System Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Valve Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Valve Remote Control System Market
- 8.5. Europe Valve Remote Control System Market Snapshot
- 8.5.1. U.K. Valve Remote Control System Market
- 8.5.2. Germany Valve Remote Control System Market
- 8.5.3. France Valve Remote Control System Market
- 8.5.4. Spain Valve Remote Control System Market
- 8.5.5. Italy Valve Remote Control System Market
- 8.5.6. Rest of Europe Valve Remote Control System Market
- 8.6. Asia-Pacific Valve Remote Control System Market Snapshot
- 8.6.1. China Valve Remote Control System Market
- 8.6.2. India Valve Remote Control System Market
- 8.6.3. Japan Valve Remote Control System Market
- 8.6.4. Australia Valve Remote Control System Market
- 8.6.5. South Korea Valve Remote Control System Market
- 8.6.6. Rest of Asia Pacific Valve Remote Control System Market
- 8.7. Latin America Valve Remote Control System Market Snapshot
- 8.7.1. Brazil Valve Remote Control System Market
- 8.7.2. Mexico Valve Remote Control System Market
- 8.8. Middle East & Africa Valve Remote Control System Market
- 8.8.1. Saudi Arabia Valve Remote Control System Market
- 8.8.2. South Africa Valve Remote Control System Market
- 8.8.3. Rest of Middle East & Africa Valve Remote Control System Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Emerson Electric Co
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Wartsila Corporation
- 9.3.3. Nordic Group Limited
- 9.3.4. KSB SE & Co. KGaA
- 9.3.5. Scana Skarpenord AS
- 9.3.6. Sander Stove Co. Ltd.
- 9.3.7. Rotork plc
- 9.3.8. BESI Marine Systems GmbH
- 9.3.9. Pleiger Group
- 9.3.10. Selma Integrated Technology Ltd.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption