Press release
Multi Tandem Valve Market Poised to Hit $1.71 Billion by 2029 with Accelerating Growth Trends
Multi Tandem Valve Market
Multi Tandem Valve Market Size Growth Forecast: What to Expect by 2025?
In the past years, there has been a steady growth in the multi tandem valve market size. The market size is predicted to increase from $1.39 billion in 2024 to $1.44 billion in 2025, progressing at a compound annual growth rate (CAGR) of 3.7%. The historical growth has been propelled by factors such as the widespread adoption of automation, escalation in global energy requirements, strict environmental and safety regulations, expansion in global trade and supply chains, as well as the demand for valve replacement and retrofit.
How Will the Multi Tandem Valve Market Size Evolve and Grow by 2029?
The multi tandem valve market is projected to experience consistent growth in the up-coming years, reaching $1.71 billion in 2029, with a 4.4% compound annual growth rate (CAGR). The predicted expansion during the forecast period can be linked to the booming construction sector, increased manufacturing and production, escalated research and development initiatives, accelerated agricultural mechanization, hence, an upsurge in the automotive sector and escalating demand for energy-efficient resolutions, and an augmentation in infrastructure advancement. Significant trends projected within the forecast period encompass innovative advances in valve technology, enhanced usage in the energy sector, the invention of intelligent valve technologies, extension in processing industries, progress in material science, the integration of AI, and the production of environmentally-friendly fluids.
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What Drivers Are Propelling the Growth of Multi Tandem Valve Market Forward?
The multi-tandem valve market is anticipated to expand with the increasing demand for hybrid electric vehicles (HEVs). HEVs are vehicles that operate on both a gasoline engine and an electric motor, enhancing fuel efficiency and curtailing emissions. The rise in HEVs is contributed to by mounting environmental worries, governmental aids, and technological enhancements yielding superior fuel efficiency. The use of multi-tandem valves in hybrid electric vehicles (HEVs) facilitates this by augmenting fuel efficiency. This lessens the overall burden on the engine system and augments valve performance, which consequently results in improved engine efficiency and diminished emissions. For example, Argonne National Laboratory, a federally supported research and development center in the US, reports that in April 2024, HEV sales in the United States increased by 17.8% from April 2023, with a total of 118,435 units (23,179 cars and 95,256 LTs) sold. Consequently, the mounting demand for hybrid electric vehicles (HEVs) propels the growth of the multi-tandem valve market.
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Which Emerging Trends Are Transforming the Multi Tandem Valve Market in 2025?
Leading firms in the multi-tandem valve market are inventing novel products like pressure relief valves that can minimize emissions in systems spanning from chemical and petrochemical to power and oil and gas sectors. A pressure relief valve, a kind of safety valve, is engineered to manage or ease excessive pressure levels to ensure ideal operation in any system. For instance, Emerson Electric Co., a software firm based in the US, launched two technologies for their Crosby J-Series pressure relief valve (PRV) assortment in December 2022. These valves promise reliable and superior overpressure protection for numerous applications, such as air, gas, steam, vapor, liquid, and two-phase uses. The J-Series valves boast pioneering features like Balanced Diaphragm technology, removing the requirement for bellows in pressure relief valves, thus resulting in reduced expenses and heightened performance.
What Are the Key Segments in the Multi Tandem Valve Market?
The multi tandem valvemarket covered in this report is segmented -
1) By Type: Integral Multi Tandem Valve, Shard Multi Tandem Valve
2) By Operation: Automated, Manual
3) By End-Use Industry: Manufacturing, Construction, Agriculture, Oil And Gas, Mining, Other End Use Industries
Subsegments:
1) By Integral Multi Tandem Valve: Single Valve Configuration, Dual Valve Configuration, Multi-Stage Valve Configuration
2) By Shared Multi Tandem Valve: Common Pressure Valve, Common Flow Valve, Common Function Valve
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Who Are the Key Players Shaping the Multi Tandem Valve Market's Competitive Landscape?
Major companies operating in the multi tandem valve market are Daikin Industries Ltd., Komatsu Ltd., Eaton Corporation plc, Parker Hannifin Corporation, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Bosch Rexroth AG, Shimadzu Corporation, KYB Corporation, HYDAC International GmbH, Hengli Hydraulic Co. Ltd., Bucher Hydraulics AG, Haldex AB, HAWE Hydraulik SE, Argo Hytos, Linde Hydraulics GmbH & Co. KG, Tokyo Keiki Inc., Metal Work S.p.A., Yuken Kogyo Co. Ltd., Cross Manufacturing Company Inc., Walvoil S.p.A., Hydrosila, Bondioli & Pavesi S.p.A., Doering Company, AMCA Hydraulic
What Geographic Markets Are Powering Growth in the Multi Tandem Valve Market?
North America was the largest region in the multi tandem valve market in 2024. The regions covered in the multi tandem valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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