Press release
Valve Remote Control System Market - Forecasts to 2026
Valve Remote Control System Market
Browse 153 Market Data Tables and 113 Figures spread through 183Pages and in-depth TOC on "Global Valve Remote Control System Market - Forecast to 2026." https://www.globalmarketestimates.com/market-report/global-valve-remote-control-system-market-2875
By Type (Electro-Hydraulic, Pneumatic, Electric, Hydraulic), By Valve Type (Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Globe Valve, Gate Valve, Plug Valve, Safety Valve), By Application (Offshore, Marine, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• Valve remote control devices are commonly used in end-use sectors including marine, piping, and oil & gas to manage valves in a variety of applications.
• The valve remote control system makes it simple to control the system's overall operation while still keeping track of the valve's existence for maintenance purposes.
• As per the International Energy Agency (IEA), due to the rising oil supply, the US is anticipated to see a growing demand for oil between 2019 and 2023.
• Due to its durability and safety for valves and actuators, the pneumatic segment accounted for the largest revenue share over the projected period in 2020.
• During the forthcoming years, the butterfly valve segment is expected to grow at a significant rate.
• In terms of revenue, the Middle East and Africa region will continue to dominate the market for the coming years.
• Furthermore, the Asia-Pacific region witnessed a significant CAGR due to the development in the manufacturing industry and imports by the sea among the region's neighboring countries.
• Wartsila, Rotork, Danuni Marine, Cyclotech, Jumho Electric, Greatec,Benchmarking, Emerson, KSB, Nordic Group, Selma, Scana, and BFG Marine among others, are the prime players that compete in the market.
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-valve-remote-control-system-market-2875
Type Outlook (Revenue, USD Billion, 2021-2026)
• Electro-Hydraulic
• Pneumatic
• Electric
• Hydraulic
Valve Type Outlook (Revenue, USD Billion, 2021-2026)
• Ball Valve
• Butterfly Valve
• Diaphragm Valve
• Check Valve
• Globe Valve
• Gate Valve
• Plug Valve
• Safety Valve
Application Outlook (Revenue, USD Billion, 2021-2026)
• Offshore
• Marine
• Others
Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
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