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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

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Date: 06-Mar-2019
No. of pages: 113
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“The valve remote control system market is projected to grow at a CAGR of 4.73% from 2018 to 2023.”

The 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 growth is primarily due to the increased demand for automation and predictive maintenance from manufacturing industries, and an increased need for industrial valves from the oil & gas industry. The high installation cost can act as a restraint for the valve remote control system market.

“The butterfly valve segment is expected to grow at the highest CAGR from 2018 to 2023.”

The butterfly valve segment is expected to grow at the highest CAGR from 2018 to 2023. The market is primarily driven by the rapid improvement in the power, oil & gas, and chemical sector. The equipment is mainly used by the core sector, power generation, off shore, chemical, petrochemical, and marine industries. It is used in various kinds of piping system vessels such as ballast water system, cargo piping system, and bunker ping system. Factors such as an increase in industrialization and urbanization; the discovery of new reserves in the Great Australian Bight, the Gulf of Thailand, Turkmenistan, and the South China Sea; and the need for enhanced oil recovery in Indonesia, India, and Australia are expected to drive the butterfly valve market in the region.

“Middle East & Africa is the largest valve remote control system market from 2018 to 2023.”

The Middle East & Africa is expected to account for the largest share of the valve remote control system market in 2018. This trend is projected to continue until 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Countries such as Saudi Arabia, UAE, and Oman are investing in the offshore and marine industry. Saudi Arabia accounted for the largest share of the Middle East & Africa valve remote control system market in 2017 and is estimated to have the highest production capacity during the forecast period. UAE, Saudi Arabia, and Oman are investing heavily in their offshore projects. Algeria, Nigeria, and Angola are also emphasizing on the oil & gas production to meet their increasing energy demand. This has led to a rise in investments in the power, oil & gas, and chemical sectors, which is expected to drive the growth of the Middle East & Africavalve remote control system market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1-70%, Tier 2-20%, and Tier 3- 10%

  • By Designation: C-Level- 50%, Director Level- 20%, and Others- 30%

  • By Region: North America- 40%, Asia Pacific- 21%, Europe-15%, the Middle East& Africa-13%, and South America-11%


Note: Others includes product engineers, product specialists, and engineering leads

Note: The tiers of the companies are definedon the basis of their total revenues as of 2017. Tier 1:>USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:< USD 500 million

The leading players in the valve remote control system market include Emerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany), and Nordic (Singapore).

Research Coverage:

The report defines, describes, and forecasts the global valve remote control system market, by type, application, valve type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the valve remote control system market.

Key Benefits of Buying the Report

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall valve remote control system market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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

Table of Contents

1 Introduction
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
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

4 Premium Insights
4.1 Attractive Opportunities in the Valve Remote Control System Market
4.2 Middle East & Africa Valve Remote Control System Market Size,
4.3 Valve Remote Control System Market, By Country
4.4 Valve Remote Control System Market, By Type
4.5 Valve Remote Control System Market, By Application

5 Market Overview
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 Valve Remote Control System Market, By Type
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 Valve Remote Control System Market, By Valve Type
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 Valve Remote Control System Market, By Application
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 Valve Remote Control System Market, By Region
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 Government’s 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 Valve Remote Control System 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 Valve Remote Control System Market
9.6.4.5 Angola
9.6.4.5.1 Rapid Development of Upstream and Downstream Activities is Expected to Drive the Valve Remote Control System Market
9.6.4.6 Algeria
9.6.4.6.1 Increasing Investment Upstream Activities is Expected to Drive the Valve Remote Control System Market
9.6.4.7 Rest of Middle East & Africa

10 Competitive Landscape
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
11.1 Benchmarking
11.2 Wartsila
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments
11.2.4 MnM View
11.3 Emerson
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Recent Developments
11.3.4 MnM View
11.4 Rotork
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 1.3.4 MnM View
11.5 KSB
11.5.1 Business Overview
11.5.2 Products Offered
11.6 Danuni Marine
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 MnM View
11.7 Nordic Group
11.7.1 Business Overview
11.7.2 Products Offered
11.8 Cyclotech
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 MnM View
11.9 Selma
11.9.1 Business Overview
11.9.2 Products Offered
11.10 Jumho Electric
11.10.1 Business Overview
11.10.2 Products Offered
11.11 Scana
11.11.1 Business Overview
11.11.2 Products Offered
11.12 Greatec
11.12.1 Business Overview
11.12.2 Products Offered
11.13 BFG Marine
11.13.1 Business Overview
11.13.2 Products Offered

12 Appendix
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

Table 1 Valve Remote Control System Market Snapshot
Table 2 Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 3 Hydraulic: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 4 Pnuematic: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 5 Electric: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 6 Electro-Hydraulic: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 7 Valve Remote Control System Market Size, By Valve Type, 2016–2023 (USD Billion)
Table 8 Ball Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 9 Globe Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 10 Butterfly Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 11 Gate Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 12 Diaphragm Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 13 Plug Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 14 Check Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 15 Safety Valve: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 16 Valve Remote Control System Market Size, By Application, 2016–2023 (USD Billion)
Table 17 Marine: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 18 Offshore: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 19 Others: Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 20 Valve Remote Control System Market Size, By Region, 2016–2023 (USD Million)
Table 21 Asia Pacific: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 22 Asia Pacific: Valve Remote Control System Market Size, By Application, 2016–2023 (USD Million)
Table 23 Asia Pacific: Valve Remote Control System Market Size, By Valve, 2016–2023 (USD Million)
Table 24 Asia Pacific: Valve Remote Control System Market Size, By Country, 2016–2023 (USD Million)
Table 25 China: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 26 India: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 27 Malaysia: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 28 Indonesia: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 29 Rest of Asia Pacific: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 30 North America: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 31 North America: Valve Remote Control System Market Size, By Application, 2016–2023 (USD Million)
Table 32 North America: Valve Remote Control System Market Size, By Valve, 2016–2023 (USD Million)
Table 33 North America: Valve Remote Control System Market Size, By Country, 2016–2023 (USD Million)
Table 34 US: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 35 Canada: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 36 Mexico: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 37 Europe: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 38 Europe: Valve Remote Control System Market Size, By Application, 2016–2023 (USD Million)
Table 39 Europe: Valve Remote Control System Market Size, By Valve Type, 2016–2023 (USD Million)
Table 40 Europe: Valve Remote Control System Market Size, By Country, 2016–2023 (USD Million)
Table 41 Russia: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 42 UK: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 43 Norway: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 44 Rest of Europe: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 45 South America: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 46 South America: Valve Remote Control System Market Size, By Application, 2016–2023 (USD Million)
Table 47 South America: Valve Remote Control System Market Size, By Valve Type, 2016–2023 (USD Million)
Table 48 Souht America: Valve Remote Control System Market Size, By Country, 2016–2023 (USD Million)
Table 49 Brazil: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 50 Argentina: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 51 Rest of South America: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 52 Middle East: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 53 Middle East: Valve Remote Control System Market Size, By Application, 2016–2023 (USD Million)
Table 54 Middle East: Valve Remote Control System Market Size, By Valve Type, 2016–2023 (USD Million)
Table 55 Middle East: Valve Remote Control System Market Size, By Country, 2016–2023 (USD Million)
Table 56 Saudi Arabia: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 57 Oman: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 58 UAE: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 59 Nigeria: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 60 Angola: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 61 Algeria: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 62 Rest of Middle East & Africa: Valve Remote Control System Market Size, By Type, 2016–2023 (USD Million)
Table 63 Emerson Was the Most Active Player in the Market Between 2015 & 2018

List of 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, 2018–2023 (USD Billion)
Figure 4 Valve Remote Control System Market, By Valve Type, 2018–2023 (USD Billion)
Figure 5 High Demand for Automation and Predictive Maintenance From Manufacturing Industries is Expected to Drive the Valve During the Forecas24
Figure 6 The Pneumatic Market in Saudi Arabia Held the Maximum Share of the Valve Remote Control System Market in the Middle East & Africa in 201725
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 Valve Remote Control System Market During the Forecast Period
Figure 9 Offshore Segment, By Application, is Expected to Dominate the Valve Remote Control System 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 Valve Remote Control System Market, 2018–2023
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 Valve Remote Control System Market, 2015–2018
Figure 20 Emerson Led the Valve Remote Control System Market in 2018
Figure 21 Supply Chain Valve Remote Control System 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

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