Global Pneumatic Electromagnetic Valves Market Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pneumatic Electromagnetic Valves Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Pneumatic driven valves are responsible for controlling the pressure, rate and amount of air moving through a system, and the Electromagnetic Driven Valves use electrical current to generate a magnetic field to operate a mechanism that regulates the fluid flow opening in a valve.

GE Aviation in the USA will establish the world-class pneumatics laboratory to test jet engine components under a full range of temperatures, pressures and other conditions. The budget of the Advanced Engineering Pneumatic Research Laboratory (AdEPT) is about $13 million with the latest facility dedicated to measuring large, high-precision components including engine pneumatic valves, starter systems, and other systems. The US generates vast amounts of electricity, it has more than 225 power plants, One electric company has 12 separate branches running hydroelectric, natural, coal and nuclear projects in various nations. The rising need for energy would start to create infrastructure and raise the market for electromagnetic pneumatic valves.

Key Takeaways

• Throughout the forecast period, Three Way Valves is predicted to rise the fastest CAGR 5.43 per cent. The use of pneumatic three-way valve technology is focused on ISO International Standards to ensure that the goods are safe, of reasonable quality and highly effective for uptime.
• The highest CAGR in the forecast period is projected to rise in Chemical Industry. According to the National Accounts Figures 2017 released by the Central Figures Office (CSO), in 2015-16, chemical and agricultural goods excluding pharmaceuticals (Industry Division 20 of NIC 2008) accounted for 1.27% of GVA (2011-12 prices) relative to 1.19% in 2014-15.
• With a share of 4.58 per cent, North America is projected to have the largest share in the Pneumatic Electromagnetic Valves industry. New innovations in the automotive sector have boosted the demand for automobiles in America which has had a major impact on the valve business.
• Power generation and oil & gas industry will fuel the development of the market for pneumatic electromagnetic valves. Industrialization in developing countries contributing will enhanced demand for smart components.

Market Dynamics

Drivers

• Power generation and oil & gas industry to drive the growth of pneumatic electromagnetic valve market
• Industrialization in developing countries leading to rise in demand for smart components

Challenges

• Reduction in the price of oil and gas and fall in oil field

By Type - Segment Analysis

On the basis of Type, Three Way Valves is expected to grow the highest CAGR 5.43% in the forecast period. Adoption of three-way pneumatic valve technology is based on ISO International Standards to ensure that the products are safe, of good quality, and highly effective for uptime. This model can be used strategically to reduce costs through improved systems and procedures, as well as to reduce errors and eliminate waste through increased productivity.

The valve is normally defined by its kvs [m3/h] value, which expresses the volume of water passing through the fully open valve in 1 hour with a difference of 1 bar in pressure. The total flow remains constant in three ways valve and the liquid circuit is split into two loops, constant and variable flow rate, in applications where it is used. A three-way control valve may be used to power and monitor surfaces for heating or cooling, radiator systems, floor heating / cooling and much more.

By Industry - Segment Analysis

On the basis of Industry, Chemical Industry is expected to grow the highest CAGR in the forecast period. According to the National Accounts Statistics 2017 released by the Central Statistics Office (CSO), in 2015-16, the chemical and industrial products except pharmaceuticals (Industry Division 20 of NIC 2008) accounted for 1.27% of GVA (prices for 2011-12) compared to 1.19% in 2014-15. GF Piping Systems has introduced a new generation of solenoid diaphragm valve which offers non-corrosive connections in the chemical sector.

By Geography - Segment Analysis

North America is expected to hold the largest share in Pneumatic Electromagnetic Valves Market with a share of 4.58%. New innovations in the automobile sector have boosted car demand in America that has greatly affected the valve business. About 11.3 million vehicles and trucks were assembled at one of 46 vehicle manufacturing plants in America prior to 2018. This tremendous development results in an improvement in the usage of pneumatic electromagnetic valves. Linamar spent $500 m in January 2018 to finance the development of the latest electrified vehicle engines. The growing installation of such valves further leads to the rise in the demand for valves. In the oil and gas and power production sectors, the pneumatic valves are gradually being installed.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Pneumatic Electromagnetic Valves Market. In 2019, the market of Pneumatic Electromagnetic Valves Market has been consolidated by the top players -IMI Precision Engineering, Emerson Electric CO., Bosch Rexroth AG, ITT INC., Danfoss, Burkert Fluid Control Systems, Denso Corporation, Parker Hannifin Corp, Pneumadyne, Eaton.

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