About Industrial Thermostatic Control Valves
The industrial thermostatic control valves are used to control oil and water flow from an engine or compressor to the heat exchanger, and they are also used to protect hot water boiler systems. It is used for both cooling and heating controls in industries. Furthermore, industrial thermostatic control valves or temperature regulators provide reliable, automatic and accurate temperature control of fluids. The global industrial thermostatic control valves market is expected to witness a high growth in near future owing to growing industrialization across the globe and rising adoption of automation in various industries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.0% |
Leading key players are focusing on strategic partnerships to improve their products and services. Further, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Thermostatic Control Valves 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.
AMOT (United States), Danfoss (Denmark), Fluid Power Energy (United States), Fushiman (Japan), Metrex Valve (United States), Honeywell (United States), Huegli Tech (Switzerland) and Armstrong World Industries (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are MVA (Germany), Dwyer Instruments (United States) and Watson McDaniel (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Thermostatic Control Valves market by Type (Thermostatic Mixing Valves and Thermostatic Diverting Valves), Application (Hydraulic Systems, Bio-Mass Boilers, Injection Molding Machines, Compressors, Vacuum Pumps, Dry-Cleaning Machines, Distillation Plants, Steam Boiler Application and Autoclaves) and Region.
On the basis of geography, the market of Industrial Thermostatic Control Valves 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 End User, the sub-segment i.e. Oil & Gas Industry will boost the Industrial Thermostatic Control Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Smart Industrial Thermostatic Control Valves and Rising Number of Oil & Gas Exploration Activities
Market Growth Drivers:
Augmented Implementation of Automation in Industrial Facilities and Increasing Demand for Simulation-Based Design
Challenges:
Fluctuations in Raw Material Price
Restraints:
High Charges for Installation Process
Opportunities:
Advent of Wireless Industrial Thermostatic Control Valve
Market Leaders and their expansionary development strategies
In Janaury 2023, TJM Electronics is pleased to announce that it will merge with its affiliate company, ThermOmegaTech. TJM will operate under the ThermOmegaTech brand as their electronics division. TJM became one of the first automated SMT companies certified to MIL-STD-2000 on the East coast.
In April 2021, Encon announce the launch of our Thermostatic Mixing Valves. This is an exciting add to our already robust Eye Shower Eye Wash product line. Encon developed its emergency and safety products manufacturing business with a focus on solving problems for hazardous-area applications. Since our inception, Encon has designed and manufactured market-leading personal protective equipment and hazardous-area storage cases for the protection and security of people, plant and equipment.
Key Target Audience
Manufacturers of Industrial Thermostatic Control Valves, Suppliers of Industrial Thermostatic Control Valves parts, Wholesalers, Distributors and Retailers of Industrial Thermostatic Control Valves, Oil & Gas Industry, Power Industry, 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.