Attractive Opportunities in Valve Controller Market

1
MarketsandMarkets Presents
Valve Controller Market by Type (Traditional and
Digital Valve Controller), Digital Valve
Controller Communication Protocol, End-use
Industry (Oil Gas, Energy Power, Water
Wastewater Treatment), and Geography - Global
forecast to 2025 The valve controller market
size is estimated at USD 1.8 billion in 2020 and
is projected to reach USD 2.2 billion by 2025.
2
MarketsandMarkets Presents
The rising importance of monitoring and
controlling in the process industries for
improved efficiency, increasing demand for fuel
and power, growing need for a connected network
to maintain and monitor various equipment in
plants, and surging focus on establishing new
nuclear plants and upscaling of the existing ones
are the key driving factors for the valve
controller market. The introduction of IIoT
industry 4.0 and the need for valve replacement
and adoption of smart valves to offer improved
customer service are among the other factors
fueling the valve controller market.
3
MarketsandMarkets Presents
The digital valve controller market is projected
to grow at a higher CAGR during the forecast
period. Digital valve controllers are the most
widely used valve controllers due to their
several applications across all industry
verticals. The feedback-based controlling of the
valve operation helps in better performance of
the complete valve assembly. Digital valve
controllers are more accurate and reliable as
compared to traditional valve controllers.
Download PDF Brochure _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id256969578 They
are available with various communication
protocols, such as FOUNDATION Fieldbus, PROFIBUS,
HART, and CANopen. The use of communication
protocols depends on the end-use applications and
the facility they are being used at.
4
MarketsandMarkets Presents
The HART communication protocol is projected to
hold the largest share of the digital valve
controller market during the forecast
period. Among all the communication protocols,
HART is expected to account for the largest share
of the digital valve controller market during the
forecast period. HART is one of the most widely
used communication protocols due to its several
benefits. It supports all major field devices,
works in existing 4-20mA loop, co-exists with
digital communication on existing 2-wire loops,
provides important information for installation
and maintenance, such as tag identification,
measurement values, range and range data, product
information and diagnostics, and can save cable
using a multidrop.
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. ContactMr.
Aashish MehraMarketsandMarkets INC.630 Dundee
RoadSuite 430Northbrook, IL 60062USA
1-888-600-6441