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The global valve driver market is increasing due to rapid developments in industrial automation and the use of smart technologies. Valve drivers are machines designed to manage valves in many industrial and automotive systems. A control system sends signals to it and the valve convertor changes them into the electric or air signals necessary to open or close the valve. For illustration, a low current or voltage on a driver is changed into the necessary power to operate the proportional valve. With valve drivers, you can adjust the speed, fan, clutch or cylinder on a hydraulic system and you may add custom configurations. These systems help provide excellent control of fluids in automotive, medical and aerospace & defense sectors. With Industry 4.0 growing and the importance of real-time, streamlined industries, smart production concepts are on the rise. The U.S. Department of Energy reported that in 2022, over 1,450 industrial facilities in the U.S. installed valve drivers.
Smart Technology Integration Powers Growth in Valve Driver Market
The valve driver market is mainly being driven by the use of IoT and smart technologies. With digital tools in place, valves can be maintained before any problems, monitored constantly and worked more efficiently. Due to these features, industries can better use automation. In 2022, the Department of Energy supported 17 projects that focused on smart valve driver technology, reflecting growing government concern about energy efficiency. Advances in these fields are motivating manufacturing companies to invest in smart systems which make processes more efficient and help reduce both costs and energy use, boosting the use of digital valve drivers everywhere.
High Costs and Integration Issues Restrain Valve Driver Adoption
Valve driver acceptance is limited by the financial commitments involved, mainly for small and medium organizations. Due to the complicated technology and systems, the costs are usually quite high. Multi-vendor situations are complicated by the lack of standard interfaces. Based on data from the United States Patent and Trademark Office, 54 application filings for valve driver technologies in 2022 pointed out problems with system compatibility and design. As a result, companies experience further delays in launching their software, more routine maintenance and fearful users. Industry players are expected to offer lower-cost and standard software to encourage more users in many markets.
Emerging Markets Drive Growth in Smart Valve Driver Adoption
The strong growth of emerging economies is creating many chances for the valve driver market. More progress in Asia Pacific and Latin America means more companies are turning to intelligent fluid control systems. They get help from policies meant to grow their manufacturing and make them use energy more efficiently. When different industries modernize, it’s predicted that automation with valve drivers will experience increased demand. Rules and laws that require sustainability are boosting the need for solar and wind technology. Due to innovation focused on regional needs, manufacturers are accessing new markets in untapped sectors of rapid developing economies.
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The report covers the following key insights:
By Function, the Valve Driver Market is divided into Solenoid Valve Drivers, Proportional Valve Drivers.
Due to their versatility and reasonable pricing, Solenoid Valve Drivers are expected to head the market. The Census Bureau recorded that 31 companies have registered to make solenoid valve drivers in the U.S., testifying to effective domestic production and distribution
By Interface Type, the Valve Driver Market is divided into Analog, Digital.
These valve drivers are predicted to achieve significant growth due to their suitability with new control systems. Their stronger detection capabilities fit with what’s expected in smart industries, so they are often preferred in places where accuracy is very important.
By End-Use Industry, the Valve Driver Market is divided into Automotive, Industrial, Medical, Aerospace & Defense & Others (Residential, etc.).
The Industrial segment is predicted to be the largest in the market due to rising use of automation and rules for saving energy. The segment’s compliance and maturity are clear, as 22 valve driver models received approval under ANSI standards in 2022.
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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The strong infrastructure and attention to energy efficiency in North America are expected to make it the top region in the market. Deployment of valve drivers in the oil and gas sector reached over 5,200 in 2022, revealing there is significant demand, according to the U.S. Department of Energy. The adoption of robots in manufacturing and utilities is being prompted by improved regulations and additional government funds. Growth in the region is being supported by funds spent on innovation and research. Due to many major companies being based in America and ongoing improvements in automation, North America broadly supports the international valve driver market.
In Europe, the market is expected to keep growing, thanks to the increased use of IoT in automotive and aerospace fields. Programs put in place by Germany and France for low-carbon factories are helping to increase the use of smart valve drivers. Farming in Asia depends on sustainability, accurate control and advanced machines. Thanks to the European Green Deal, industrial initiatives are support energy efficiency which is driving the use of intelligent valve drivers across different areas. With European manufacturers renewing outdated systems, the requirement for modern and reliable control systems is anticipated to grow gradually during the forecast period.
The region is expected to register the highest growth rate, mainly due to increasing industrialization and growth within manufacturing. China, India and a number of Southeast Asian countries are investing a great deal in automation technologies. Improvements in the industrial sector are being enabled by government sponsorship of new technology adoption. As manufacturing is growing globally in the region, there is an increase in energy efficiency and process optimization which benefits valve drivers. Thanks to higher production ability and skilled staff, Asia Pacific is set to have a major impact on the future of the global valve driver market.
The report includes the profiles of the following key players:
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