About Speed Control Valve
The global speed control valve market is expected to witness a high growth during the forecast period due to booming oil & gas and power industries and rising number of industrial infrastructure projects in developing nations. Speed control valves are used to reduce the rate of speed in a section of a pneumatic circuit, resulting in a slower actuator speed. Unlike a needle valve, a speed control valve regulates air flow in only one direction, allowing free flow in the opposite direction.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
Leading key players of the speed control valve are focusing on strategic partnerships to improve their products and services and also focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Speed Control Valve market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Emerson Electric (United States), Kendrion (Netherlands), Danfoss (Denmark), Parker Hannifin (United States), Christian Bürkert GmbH & Co. KG (Germany), SMC Corporation (Japan), Norgren Limited (United Kingdom), Bosch Rexroth (Germany), Sirai (Italy) and Saginomiya (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Versa Valves (United States) and Pneuflex Pneumatic Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Speed Control Valve market by Type (Through Single-Seat, Pass-Through and Two-Seatertee), Application (Household and Industrial) and Region.
On the basis of geography, the market of Speed Control Valve has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Speed Control Valve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing the Need for Automation in the Process Industries
Market Growth Drivers:
Booming Oil & Gas and Power Industries and Rising Number of Industrial Infrastructure Projects in Developing Nations
Challenges:
Minimal Manufacturing Tolerance might Maximize Manufacturing Overheads
Restraints:
Competition from Domestic Manufacturers
Opportunities:
Increasing Demand from Developing Region
Market Leaders and their expansionary development strategies
In December 2023, Honeywell and Enterprise Mobility Management (EMM) provider SOTI achieved a major milestone. The collaboration between Honeywell’s mobile computers and SOTI's mobility management solutions, allows businesses to exceed conventional hardware lifecycles through remote monitoring, diagnosis, and repair. The SOTI ONE Platform, protects corporate data on mobile devices through a suite of services, enhancing data security, facilitating software installations, and providing seamless integration with enterprise IT systems.
In July 2023, Wandfluh AG has launched a new product series under the name PMV Proportional Mobile Valves in 2023. PMV is a flexible hydraulic concept that is modular in approach, allowing different-sized sections to be used in a single assembly but leaving each section individually adaptable to the function being controlled. The new product series is designed to efficiently manage higher flow and pressure applications.
Key Target Audience
Manufacturers of Speed Control Valve, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Speed Control Valve, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.