Valve Remote Control System Market by Type (Hydraulic, Pneumatic, Electric, & Electro-Hydraulic), Application (Marine and Offshore), Valve Type (Ball, Globe, Butterfly, Gate, Diaphragm, Plug, Check, and Safety), and Region - Global Forecast to 2023
[113 Pages Report] The global valve remote control system market is projected to reach USD 8.0 billion by 2023 from an estimated USD 6.4 billion in 2018, at a CAGR of 4.73%. This can be attributed to the growth in power generation, increasing investments in the petrochemical and chemical infrastructure, and the rise in demand for automation and predictive maintenance from the manufacturing industries.
By type, the pneumatic segment is expected to be the largest contributor to the valve remote control system market during the forecast period.
The report segments the valve remote control system market, by type, hydraulic, pneumatic, electric, and electro-hydraulic. The pneumatic segment is expected to hold the largest market share by 2023 due to its reliability and protection for valve and actuator. Moreover, the pneumatic segment is driven by cranes and hoists, palletizers and de-palletizers, and conveyors infrastructure in the developed countries of Europe and North America.
The offshore segment is expected to hold the largest market share during the forecast period.
The offshore segment, by application, is expected to dominate the valve remote control system market by 2023. The offshore segment is primarily driven by the increase in production of oil & gas reserves across the world. Oil & gas play a vital role in the offshore industry. The growing production of oil sands and shale gas fuels the demand for valve remote control system in North America, and the increased investments in natural gas exploration are likely to boost the demand for these valve remote control systems during the forecast period.
Middle East & Africa is expected to account for the largest market size during the forecast period.
In this report, the valve remote control system market has been analyzed with respect to 6 regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Middle East & Africa is estimated to be the largest market from 2018 to 2023. The Middle East & Africa accounts for 34% of the global oil production and 45% of the overall crude oil export. According to the BP Statistical Review of World Energy 2018, the regions largest oil production stood at 31,597 thousand barrels daily in 2017. Moreover, the Middle East consists of some of the major oil & gas producing countries such as Saudi Arabia, the UAE, Kuwait, Iraq, and Iran.
Key Market Players
The major players in the global valve remote control system market are Emerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany), and Nordic (Singapore). Between 2014 and 2018, the companies in the market focused on contracts & agreements as their key strategy to increase their respective market share and regional presence.
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Scope of the Report:
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Report Metric |
Details |
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Market size available for years |
20162023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value (USD) |
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Segments covered |
By Type, Application, Valve Type, and Region |
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Geographies covered |
North America, Asia Pacific, South America, Europe, and the Middle East & Africa |
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Companies covered |
Emerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany) and Nordic (Singapore) |
This research report categorizes the valve remote control system market based on type, application, valve type, and region.
On the basis of type, the market has been segmented as follows:
- Hydraulic
- Pneumatic
- Electric
- Electro Hydraulic
On the basis of application, the market has been segmented as follows:
- Marine
- Offshore
- Others (Power, Petrochemical, and Chemical)
On the basis of valve type, the market has been segmented as follows:
- Ball Valve
- Globe Valve
- Butterfly Valve
- Gate Valve
- Diaphragm Valve
- Plug Valve
- Check Valve
- Safety Valve
On the basis of region, the market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Key Questions Addressed by the Report:
- The report identifies and addresses the key markets in the market, which would help manufacturers review the growth in demand.
- The report helps the system providers understand the pulse of the market and provides insights into the drivers, restraints, opportunities, and challenges.
- The report will help the key players understand the strategies of competitors better and make more strategic decisions.
- The report addresses the market share analysis of the key players in the market, which would help the companies enhance their revenues in the respective market.
- The report provides insights about emerging geographies for the market, and the entire market ecosystem can gain competitive advantage from such insights.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Methodology Scope
2.2 Market Size Estimation
2.2.1 Ideal Demand-Side Analysis
2.2.1.1 Assumptions
2.2.1.2 Calculation
2.2.2 Supply Side Analysis
2.2.2.1 Assumptions
2.2.2.2 Calculation
2.2.3 Forecast
2.3 Statistics
2.3.1 Vrcs & Oil & Gas Capex
2.4 Some of the Insights of Industry Experts
3 Executive Summary (Page No. - 21)
4 Premium Insights (Page No. - 24)
4.1 Attractive Opportunities in the Valve Remote Control System Market
4.2 Middle East & Africa Market Size, By Type & Country
4.3 Market, By Country
4.4 Market, By Type
4.5 Market, By Application
5 Market Overview (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need for Remotely Operated Valves From Oil & Gas Production
5.2.1.2 High Demand for Automation and Predictive Maintenance From Manufacturing Industries
5.2.2 Restraints
5.2.2.1 Lack of Standardized Certifications and Government Policies
5.2.2.2 High Installation Cost
5.2.3 Opportunities
5.2.3.1 Increasing Number of Refineries and Petrochemical Plants
5.2.4 Challenges
5.2.4.1 Availability of Low Priced Products From Local Manufacturer
6 Market, By Type (Page No. - 31)
6.1 Introduction
6.2 Hydraulic
6.2.1 Rapid Development of Deepwater and Underwater Infrastructure
6.3 Pnuematic
6.3.1 Increasing Investment for Marine and Offshroe Industry
6.4 Electric
6.4.1 Rising Focus on Development of Process Industry
6.5 Electro-Hydraulic
6.5.1 Increasing Investment in the Deepwater Horizon
7 Market, By Valve Type (Page No. - 37)
7.1 Introduction
7.2 Ball Valve
7.2.1 Rising Focus on Development of Power Transmission and Distribution
7.3 Globe Valve
7.3.1 Increasing Investment in the Water Industry
7.4 Butterfly Valve
7.4.1 Rising Investment in the Oil & Gas Industry
7.5 Gate Valve
7.5.1 Increasing Investments in the Energy Sector Across the World
7.6 Diaphragm Valve
7.6.1 Rising Demand for Deepwater Infrastructure
7.7 Plug Valve
7.7.1 Rapid Development of Petrochemical Infrastructure
7.8 Check Valve
7.8.1 Increase Development in the Chemical Industry Across the World
7.9 Safety Valve
7.9.1 Rising Development in Marine & Offshore Industries
8 Market, By Application (Page No. - 45)
8.1 Introduction
8.2 Marine
8.2.1 Rising Focus on Development of Drilling Platform
8.3 Offshore
8.3.1 Increasing Investment for Development of Offshore Industry
8.4 Others
8.4.1 Rising Demand for Petrochemcial and Chemical Industry
9 Market, By Region (Page No. - 50)
9.1 Introduction
9.2 Asia Pacific
9.2.1 By Type
9.2.2 By Application
9.2.3 By Valve
9.2.4 By Country
9.2.4.1 China
9.2.4.1.1 Increasing Development of Onshore and Offshore Activities is Expected to Drive the Market
9.2.4.2 India
9.2.4.2.1 Increasing Focus on the Growth of Oil & Gas Sector Would Drive the Market
9.2.4.3 Malaysia
9.2.4.3.1 Rising Development Offshore Activities is Expected to Drive the Market
9.2.4.4 Indonesia
9.2.4.4.1 Resurgence of Oil & Gas Industry is Expected to Drive the Market
9.2.4.5 Rest of Asia Pacific
9.3 North America
9.3.1 By Type
9.3.2 By Application
9.3.3 By Valve
9.3.4 By Country
9.3.4.1 US
9.3.4.1.1 Increasing Investment in Shale Gas Production is Expected to Drive the Market
9.3.4.2 Canada
9.3.4.2.1 Rising Number of Projects From Chemical, Petrochemical and Offshore Wind Which Demands Valve Remote Control
9.3.4.3 Mexico
9.3.4.3.1 Improving and Modernizing Power Plants Under Governments Reform
9.4 Europe
9.4.1 By Type
9.4.2 By Application
9.4.3 By Valve
9.4.4 By Country
9.4.4.1 Russia
9.4.4.1.1 Increasing Investment in Gas Production is Expected to Drive the Market
9.4.4.2 UK
9.4.4.2.1 Rising Development of Oil & Gas Infrastructure
9.4.4.3 Norway
9.4.4.3.1 Increasing E&P Activities in the Country are Expected to Drive the Market
9.4.4.4 Rest of Europe
9.5 South America
9.5.1 By Type
9.5.2 By Application
9.5.3 By Valve
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.1.1 Huge Investment By Oil & Gas Companies in the Country are Expected to Drive the Market
9.5.4.2 Argentina
9.5.4.2.1 Pneumatic Segment is Expected to Hold the Largest Share in the Country
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 By Type
9.6.2 By Application
9.6.3 By Valve
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.1.1 Increasing Government Spending in Oil & Gas Industry is Expected to Drive the Market
9.6.4.2 Oman
9.6.4.2.1 Rising Focus on Development of Oil Reserves
9.6.4.3 UAE
9.6.4.3.1 Abundant Oil Reserves in the Country are Expected to Drive the Valve Remote Control Market
9.6.4.4 Nigeria
9.6.4.4.1 Increasing Investment Downstream Activities is Expected to Drive the Market
9.6.4.5 Angola
9.6.4.5.1 Rapid Development of Upstream and Downstream Activities is Expected to Drive the Market
9.6.4.6 Algeria
9.6.4.6.1 Increasing Investment Upstream Activities is Expected to Drive the Market
9.6.4.7 Rest of Middle East & Africa
10 Competitive Landscape (Page No. - 84)
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Developments
10.3.3 Mergers & Acquisitions
10.4 Micro Quadrant Overview
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic Differentiators
11 Company Profile (Page No. - 89)
11.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Wartsila
11.3 Emerson
11.4 Rotork
11.5 KSB
11.6 Danuni Marine
11.7 Nordic Group
11.8 Cyclotech
11.9 Selma
11.10 Jumho Electric
11.11 Scana
11.12 Greatec
11.13 BFG Marine
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 106)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (63 Tables)
Table 1 Valve Remote Control System Market Snapshot
Table 2 Valve Remote Control System Market Size, By Type, 20162023 (USD Million)
Table 3 Hydraulic: Market Size, By Region, 20162023 (USD Million)
Table 4 Pnuematic: Market Size, By Region, 20162023 (USD Million)
Table 5 Electric: Market Size, By Region, 20162023 (USD Million)
Table 6 Electro-Hydraulic: Market Size, By Region, 20162023 (USD Million)
Table 7 Valve Remote Control System Market Size, By Valve Type, 20162023 (USD Million)
Table 8 Ball Valve: Market Size, By Region, 20162023 (USD Million)
Table 9 Globe Valve: Market Size, By Region, 20162023 (USD Million)
Table 10 Butterfly Valve: Market Size, By Region, 20162023 (USD Million)
Table 11 Gate Valve: Market Size, By Region, 20162023 (USD Million)
Table 12 Diaphragm Valve: Market Size, By Region, 20162023 (USD Million)
Table 13 Plug Valve: Market Size, By Region, 20162023 (USD Million)
Table 14 Check Valve: Market Size, By Region, 20162023 (USD Million)
Table 15 Safety Valve: Market Size, By Region, 20162023 (USD Million)
Table 16 Valve Remote Control System Market Size, By Application, 20162023 (USD Million)
Table 17 Marine: Market Size, By Region, 20162023 (USD Million)
Table 18 Offshore: Market Size, By Region, 20162023 (USD Million)
Table 19 Others: Market Size, By Region, 20162023 (USD Million)
Table 20 Valve Remote Control System Market Size, By Region, 20162023 (USD Million)
Table 21 Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 22 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 23 Asia Pacific: Market Size, By Valve, 20162023 (USD Million)
Table 24 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 25 China: Market Size, By Type, 20162023 (USD Million)
Table 26 India: Market Size, By Type, 20162023 (USD Million)
Table 27 Malaysia: Market Size, By Type, 20162023 (USD Million)
Table 28 Indonesia: Market Size, By Type, 20162023 (USD Million)
Table 29 Rest of Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 30 North America: Market Size, By Type, 20162023 (USD Million)
Table 31 North America: Market Size, By Application, 20162023 (USD Million)
Table 32 North America: Market Size, By Valve, 20162023 (USD Million)
Table 33 North America: Market Size, By Country, 20162023 (USD Million)
Table 34 US: Market Size, By Type, 20162023 (USD Million)
Table 35 Canada: Market Size, By Type, 20162023 (USD Million)
Table 36 Mexico: Market Size, By Type, 20162023 (USD Million)
Table 37 Europe: Market Size, By Type, 20162023 (USD Million)
Table 38 Europe: Market Size, By Application, 20162023 (USD Million)
Table 39 Europe: Market Size, By Valve Type, 20162023 (USD Million)
Table 40 Europe: Market Size, By Country, 20162023 (USD Million)
Table 41 Russia: Market Size, By Type, 20162023 (USD Million)
Table 42 UK: Valve Remote Control System Market Size, By Type, 20162023 (USD Million)
Table 43 Norway: Market Size, By Type, 20162023 (USD Million)
Table 44 Rest of Europe: Market Size, By Type, 20162023 (USD Million)
Table 45 South America: Market Size, By Type, 20162023 (USD Million)
Table 46 South America: Market Size, By Application, 20162023 (USD Million)
Table 47 South America: Market Size, By Valve Type, 20162023 (USD Million)
Table 48 Souht America: Market Size, By Country, 20162023 (USD Million)
Table 49 Brazil: Market Size, By Type, 20162023 (USD Million)
Table 50 Argentina: Market Size, By Type, 20162023 (USD Million)
Table 51 Rest of South America: Market Size, By Type, 20162023 (USD Million)
Table 52 Middle East: Market Size, By Type, 20162023 (USD Million)
Table 53 Middle East: Market Size, By Application, 20162023 (USD Million)
Table 54 Middle East: Market Size, By Valve Type, 20162023 (USD Million)
Table 55 Middle East: Market Size, By Country, 20162023 (USD Million)
Table 56 Saudi Arabia: Market Size, By Type, 20162023 (USD Million)
Table 57 Oman: Market Size, By Type, 20162023 (USD Million)
Table 58 UAE: Market Size, By Type, 20162023 (USD Million)
Table 59 Nigeria: Market Size, By Type, 20162023 (USD Million)
Table 60 Angola: Market Size, By Type, 20162023 (USD Million)
Table 61 Algeria: Market Size, By Type, 20162023 (USD Million)
Table 62 Rest of Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 63 Emerson Was the Most Active Player in the Market Between 2015 & 2018
List of Figures (26 Figures)
Figure 1 Control System Across End-Use Industries is the Major Determining Factor for Valve Remote Control System
Figure 2 Valve Remote Control System Market, By Region (Value), 2017
Figure 3 Valve Remote Control System, By Type, 20182023 (USD Billion)
Figure 4 Valve Remote Control System Market, By Valve Type, 20182023 (USD Billion)
Figure 5 High Demand for Automation and Predictive Maintenance From Manufacturing Industries is Expected to Drive the Market During the Forecast Period
Figure 6 The Pneumatic Market in Saudi Arabia Held the Maximum Share of the Market in the Middle East & Africa in 2017
Figure 7 Saudi Arabia is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 8 Pneumatic Segment is Expected to Dominate the Market During the Forecast Period
Figure 9 Offshore Segment, By Application, is Expected to Dominate the Market During the Forecast Period
Figure 10 Valve Remote Control System: Drivers, Restraints, Opportunities, & Challenges
Figure 11 Pneumatic Valve Remote Control System Segment is Expected to Register the Highest Growth During the Forecast Period
Figure 12 Middle East & Africa is Estimated to Be the Fastest Growing Region in the Market, 20182023
Figure 13 Ball Valve Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 14 Offshore Segment is Expected to Hold the Largest Market Share in 2023
Figure 15 The Middle East & Africa Market is Expected to Register the Highest Cagr During the Forecast Period
Figure 16 Valve Remote Control System Market Share, By Region, 2017
Figure 17 Europe: Market Snapshot
Figure 18 Middle East & Africa: Market Snapshot
Figure 19 Key Developments in the Market, 20152018
Figure 20 Emerson Led the Market in 2018
Figure 21 Supply Chain Market (Global), Competitive Leadership Mapping, 2018
Figure 22 Wartsila: Company Snapshot
Figure 23 Emerson: Company Snapshot
Figure 24 Rotork: Company Snapshot
Figure 25 KSB: Company Snapshot
Figure 26 Nordic Group: Company Snapshot
The study involved major activities in estimating the current size of the valve remote control system market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global valve remote control system market. The other secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The valve remote control system market comprises several stakeholders such as valve remote control system manufacturers, actuator manufacturers, manufacturers of subcomponents of valve remote control system, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for the industrial valve in the oil & gas industry in the developing countries, and demand for the automation and predictive maintenance from manufacturing industries. Moreover, the demand is also driven by an increase in power projects from petrochemical and chemical sources across the globe. The supply side is characterized by the rising demand for contracts from the transmission utilities, and mergers & acquisitions among big players. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the valve remote control system market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, and forecast the global valve remote control system market based on installation, voltage rating, end-user, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)
- To profile key players and comprehensively analyze their market ranking and core competencies
- To analyze competitive developments such as mergers & acquisitions, expansions, new product developments, and contracts & agreements in the valve remote control system market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Valve Remote Control System Market