IoT Valves Market Comprehensive Study With Key Trends, Growth Analysis by Manufacturers and Demand with Forecast Overview to 2028

According to our latest market study on "IoT Valves Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Connectivity (Wired, Wireless); Type (Ball, Butterfly, Safety, Others); End User (Industrial, Commercial, Residential) and Geography"

Valves are mechanical devices which used for controlling and regulating flow of gases and liquid. The IoT based connected valves are being controlled remotely using wired and wireless connectivity, thus eliminating need of manual human efforts. These valves are offered in various types such as ball, butterfly, safety valve, piston, and others and are used across industrial, commercial, and residential applications.

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Companies Profiled in this report includes: Smart Wires, Carrier, IMI Hydronic Engineering, Commonwealth Edison Company, Flow Dynamics LLC, Castrads Ltd, SMART VALVE SOLUTION, KLINGER SCHÖNEBERG GmbH, Sauter Building Control Schweiz AG, Smart Wireless Valves

MARKET DYNAMICS

The IoT valves market is experiencing significant growth owing to the growing industrialization across the globe especially in APAC. However, fluctuating prices of raw material can hamper the growth of IoT valves market. Meanwhile, increasing urbanization across the globe is expected to flourish the IoT valves market.

MARKET SEGMENTATION

The global IoT valves market is segmented on the basis of connectivity, type, and end user. Based on connectivity, the market is segmented into wired and wireless. On the basis of type, the market is segmented as ball, butterfly, safety, and others. On the basis of end user, the market is segmented as residential, commercial, and industrial.

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IMPACT OF COVID-19 ON IOT VALVES MARKET

The outbreak of COVID-19 has significantly impacted various industries such as manufacturing, construction, oil and gas, wastewater treatment, chemical and petrochemicals, and others. As operations were hampered owing to lockdown and partial workforce negatively affected the adoption of IoT valves across above mentioned industries in 2020. However, the industries started to stabilize from Q4 of 2020 as economies started to reopen and containment measures were relaxed. Thus, the IoT valves market started gaining traction from Q1 of 2021.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.