Valve Remote Control System: Introduction
- Valve remote control system plays an important role in oil & gas and marine industries
- Valve remote control system is a device that uses pneumatic pressure, electricity, or hydraulic oil pressure as fuel for operation. The system achieves remote centralized control and displays position of valves of a piping system through a control console.
- Valve remote control system is built on a cost-effective modular design, which offers high degree of customization and delivers performance on all the verticals
Key Drivers and Restraints of Valve Remote Control System Market
- The valve remote control system market has been expanding primarily due to the increase in demand for automation and predictive maintenance in the marine industry. The marine industry comprises large number of pumps and valve arrangements. Operating them manually at specific time is a tedious job; hence, automation of valves is necessary. Valve remote control system controls the overall operation of the system with ease and also keeps check on the life of the valve for maintenance purpose.
- It is employed on a large scale in the oil & gas industry, as the industry is prone to accidents. Valve remote control system is employed to a keep a check on the systems and avoid accidents and breakdowns.
- Increase in water trade activities in order to meet the rising need of industrialization and population in major developing countries is likely to boost the global valve remote control system market. However, high installation cost is expected to hamper the valve remote control system market
Pneumatic Type Segment Expected to Hold Major Share of Global Valve Remote Control System Market
- The global valve remote control system market can be segmented based on type, valve type , application, and region
- Based on type, the global valve remote control system market can be classified into hydraulic, pneumatic, electric, and others. The pneumatic segment is anticipated to expand at a rapid pace during the forecast period due to its reliability and protection for actuators and valves.
- Based on valve type, the global valve remote control system market can be segregated into ball, globe, butterfly, gate, diaphragm, and others. The ball segment is anticipated to witness growth due to the increase in its demand in marine applications.
- Based on application, the global valve remote control system market can be divided into marine, offshore, chemical, and others. Growth of the chemical segment in the market can be ascribed to the rise in investment in the chemical industry.
COVID-19 Impact Analysis
- Governments of several countries across the globe have imposed strict lockdowns as part of measures to limit the spread of the coronavirus pandemic. Many multinational development projects and production activities have been either slowed down or have come to a halt due to delays caused by supply chain, logistics, and related disruptions.
- Suspension of several projects in end-user industries has adversely impacted the demand for valve remote control system. Thus, the COVID-19 pandemic has adversely affected the global valve remote control system market.
North America to Hold Major Share of Global Valve Remote Control System Market
- In terms of region, the global valve remote control system market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- Increase in demand for automation is expected to drive the installation of valve remote control systems. In North America, several plants have started automating the system to increase reliability and safety of marine as well as oil & gas operations. This is anticipated to boost the valve remote control system market in North America.
- The market in Asia Pacific is anticipated to expand at a rapid pace, due to the growth in the manufacturing sector in the region
Key Players Operating in Global Valve Remote Control System Market
Leading companies operating in the global valve remote control system market include:
- Wärtsilä
- Emerson Electric Co.
- Nordic Group Limited.
- Rotork
- DanUni Marine & Offshore A/S.
- KSB Korea Ltd
- Cyclotech
- BFG Marine, Inc.
- Selma
- Scana Skarpenord AS
Global Valve Remote Control System Market: Research Scope
Global Valve Remote Control System Market, by Type
- Hydraulic
- Pneumatic
- Electric
- Others
Global Valve Remote Control System Market, by Valve Type
- Ball
- Globe
- Butterfly
- Gate
- Diaphragm
- Others
Global Valve Remote Control System Market, by Application
- Marine
- Offshore
- Chemical
- Others
Global Marine Electrical Consumable Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
