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I AgreeA valve is a mechanical component that is applied to balance, direct, or control the flow of a fluid in a system. Valves are operated through manual, hydraulic, or pneumatic processes to open, close, or partially obstruct the fluid channel. Pressure regulators are valves that automatically disconnect the flow of a fluid at a certain desired pressure. Electronic pressure regulator valves are installed on fluid systems to maintain the output fluid pressure. These valves lessen high pressure on the input side to a lower, controlled pressure level on the output side. Efficacy of electronic pressure regulator valves changes in accordance with the material, fluid, temperature, operating pressure, flow requirements, and dimensions of pressure regulator valves.
The global electronic pressure regulators market is majorly driven by surge in demand for these valves in various end-use industries such as aerospace, oil & gas, and power generation. In the aerospace industry, pressure regulator valves are made to control propulsion pressure in reaction control systems and altitude control systems. Corrosive fluids, high temperature, and high level of vibrations in airplanes are forecasted to drive the pressure regulator valves market. Increasing awareness about renewable energy and surge in preference for nuclear power generation are expected to increase the demand for pressure regulator valves in the near future. Integration of IoT devices and pressure regulator valves is anticipated to increase productivity and efficiency of fluid systems during the forecast period, thereby offering lucrative growth opportunities for the global electronic pressure regulators market.
Manufacturers keep improvising and innovating new features to meet customer demands. The recently introduced servo electronic pressure regulators (EPRs) perform by applying a push valve and a vent valve to balance the outlet pressure at the desired set-point. A small internal pressure sensor monitors the output pressure and a digital or analog controller adjusts the timing of the servo valves to maintain the set-point. These EPRs need a DC power supply and a set-point signal. Analog controllers usually accept either current (4-20 mA) or voltage (typically 0-10 or 0-5 VDC) input. Models with digital circuits can obtain serial communications inclusive to the common analog standards. Most models also offer a feedback signal informing the pressure sensor value. Such features of electronic pressure regulators provide new opportunities for the product in the market.
Electronic pressure regulators are associated with some hazards. For example, when they do not perform optimally, electric pressure regulators can cause many hazardous situations, such as the leakage of toxic, pyrophoric, or asphyxiant gases into the atmosphere, or even the risk of explosions or fire. These situations are hazardous and dangerous to human life. The regulators should only be used by experienced persons and those aware of the inherent dangers. These factors are restraints of the electronic pressure regulators market.
The Asia Pacific market accounts for highest share in the electronic pressure regulators market in terms of revenue contribution as compared to markets in other regions due to speedy industrialization in developing economies in the region such as China, Japan, and India. Development of infrastructure in power generation and chemical & petrochemical industries is likely to increase the need for electronic pressure regulator valves in Asia Pacific in the coming years. Presence of large-sized industrial manufacturers and ongoing efforts for capacity expansion in the above-mentioned industries are forecasted to contribute majorly to the overall demand for electronic pressure regulators in the forthcoming years.
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the electronic pressure regulators market are:
Electronic Pressure Regulators Market, by Type
Electronic Pressure Regulators Market, by Fluid Type
Electronic Pressure Regulators Market, by End-user
Electronic Pressure Regulators Market, by Distribution Channel
Electronic Pressure Regulators Market, by Region
The report on the electronic pressure regulators market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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