Electric Valve Market: Introduction
- An
electric valve, also known as motorized valve, is a device which is driven
by an electric motor in order to produce the valve action. Using AI
control, electric valves are used to regulate the flow of gases, liquids,
or wind system piping. The device helps to close, open, distribute, dose,
or mix the flow of gas or liquid in a pipe.
- Electric
valves are compact and efficient and are used when there is high pressure,
gaseous medium, and steam of up to 356 degree Fahrenheit. Thus, they find
application in pharmaceutical, oil & gas, agriculture, domestic
appliances, and various other industries.
- The growing end-use industries are expected to
drive the global
electric valve market during the forecast period.
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Key Drivers and Opportunities of the Global Electric
Valve Market
- Electric
valves are used in irrigation sprinkler systems. The irrigation sprinkler
system is expected to experience demand during the upcoming years as it an
efficient and effective water management tool. The increase in demand for
irrigation sprinkler systems will lead to increase in demand for electric
valves. This is expected to drive the electric valve market during the
forecast period.
- The
application of electric valves are in water & air based sectors,
packing machines, drinking water facilities, oil, petrol, natural gas,
food, medicine, sanitary, acid, and many other industries. Consumers use
valve-based applications in their day to day life. Thus, it is expected
that the demand for electric valves during the forecast period can be
attributed to the constant demand for applications where the valve is
used.
- Electric
valves have a longer service life compared to other valves. Manufacturers
have an opportunity to cater to the rising demand for electric valves
because of its benefits and its extensive industrial applications. Thus,
the electric valve market is expected to grow during the forecast period.
Solenoid valves have shorter operation time compared to electric valves.
Electric valves take time to turn on and off. Therefore, solenoid valves
might act as a threat to the electric valve market during the forecast
period.
Asia Pacific to Hold Major Share of the Global Electric
Valve Market
- In
terms of region, the electric valve market can be divided into North
America, Europe, Asia Pacific, Middle East & Africa, and South
America.
- Asia
Pacific comprises a number of developing and under-developed countries.
Majority or almost all the countries are either agriculture or
manufacturing sector- driven. Electric valves have major applications in
the agriculture and manufacturing sector. Therefore, it is expected that
these countries will have a huge market for electric valves during the
forecast period.
Key Players Operating in the Global Electric Valve Market
- Aira
Euro Automation Pvt. Ltd.
- Alis
Valves
- ASCO
Valve Inc.
- Emerson
Electric Co.
- GSR
valve technology GmbH & Co. KG
- Norgren
- Parker-Hannifin
Corporation
- Peter
Paul Electronics Co. Inc.
- SAMSON
- Von
Rohr Armaturen AG
Global Electric Valve Market: Research Scope
Global Electric Valve Market, by Type
- Electric
butterfly valve
- Electric
ball valve
- Electric
gate valve
- Others
(Electric globe valve, etc.)
Global Electric Valve Market, by Category
- Electric
regulating valve
- Fully
open motorized shut-off valve
- Fully
closed motorized shut-off valve
Global Electric Valve Market, by Material
- Brass
- Nylon
- Teflon
- Stainless
Steel
- Hard
Plastic
- Others
(Aluminium, PVC, etc.)
Global Electric Valve Market, by Size
- Below
2 inch
- 2
inch to 4 inch
- 4
inch to 6 inch
- 6
inch to 8 inch
- Above
8 inch
Global Electric Valve Market, by End-use
- Automotive
Industry
- Chemical
and Petrochemical Industry
- Food
and Beverages Industry
- Healthcare
Industry
- Oil
& Gas Industry
- Pharmaceuticals
Industry
- Others
(Textile Industry, Agriculture Industry, etc.)
Global Electric Valve Market, by Price
- Low
- Medium
- High
Global Electric Valve Market, by Distribution Channel
- Online
- E-commerce
- Company
owned websites
- Offline
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