Electromagnetic Proportional Valve Market Size, Share, Growth, and Industry Analysis, By Type (Direct-acting Type, Pilot-operated Type), By Application (Industrial Equipment, Medical Equipment, Instrument and Meter, Other), Regional Insights, and Forecast From 2024 To 2031

Electromagnetic Proportional Valve Market Report Overview

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The global electromagnetic proportional valve market size was USD 559.2 million in 2022 and is projected to touch USD 755.5 million by 2031, at a CAGR of 3.4% during the forecast period.

The desire for ecologically friendly and energy-saving solutions is driving growth in the global market for electromagnetic proportional valves. The use of electromagnetic proportional valves in instruments, metres, medical equipment, industrial equipment, and other applications is developing, which is driving the growth of the global market for these components. Modern technology innovations including temperature compensation, pressure transducers, and digital filters are becoming more widely available, which is driving the market's expansion. The electromagnetic force between the electromagnet coil and the armature powers the control valve core primarily in the electromagnetic proportional directional control valve.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The global COVID-19 pandemic has been unprecedented and staggering, with the global electromagnetic proportional valve market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

The direct-acting type segment is predicted to develop significantly over the anticipated timeframe. Its advantages, such as low power consumption, prolonged operation, and accurate control, help to explain this. These valves are very easy to install and don't need much maintenance. While some, like online retail, have experienced a rise in demand, some industries, like travel and hospitality, have been particularly severely hit. These shifts in demand might have had an impact on the demand for electromagnetic proportional valves, but it is difficult to determine for sure without more details. These significant players are focusing on strategic partnerships and alliances to expand their market influence. Additionally, they are investing in R&D initiatives to deliver cutting-edge products with enhanced features.

Electromagnetic Proportional Valve Market Segmentation

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• By Type

Based on type the Global electromagnetic proportional valve market is classified as direct-acting type, pilot-operated type.

• By Application

Based on application the global electromagnetic proportional valve market is classified as industrial equipment, medical equipment, instrument and meter, other.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth "

The need for dependable and efficient control solutions is what is driving the global market for electromagnetic proportional valves. The industry is also growing as a result of rising government initiatives to promote energy efficiency. Due to the increased demand for safe and automated working environments across a number of industries, this market is growing.

Benefits of the global market for electromagnetic proportional valves include low power usage, longer operation, and accurate control. Additionally, these proportional valves are inexpensive and easy to install. Additionally, they require minimum maintenance and work better in demanding working environments.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

The growth of this market can be attributed to the increasing demand for electromagnetic proportional valves in a range of applications, including industrial equipment, medical equipment, instrument and metre, and other applications. Additionally, the desire for ecologically friendly and energy-efficient solutions is driving growth in the global market for electromagnetic proportional valves. An electromagnetic proportional valve is an electromechanical device that regulates the flow of a liquid or gas in a number of systems. It consists of a spool, coils, and a feedback system that controls the electrical current that is applied to the coil in order to assist in adjusting the flow rate. The valve can be manually or remotely operated, depending on its intended application.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

The high initial cost associated with installing these valves is restricting the market's growth. Additionally, a scarcity of qualified employees to install and operate these valves is limiting market expansion. Strict laws limiting the emissions from industrial equipment further impede the growth of this sector. Among the numerous applications, the industrial equipment segment is predicted to increase significantly during the projection period. The market is developing as a result of the increased focus on automation in heavy-duty industrial activities like transportation, steel manufacturing, and material handling. In addition, the market for industrial equipment is growing thanks to technological advancements like the Internet of Things (IoT).

Electromagnetic Proportional Valve Market Regional Insights

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

Asia Pacific is predicted to expand the quickest in terms of market value over the forecast period. The growth of the market is being driven by the construction of new manufacturing facilities in this region as well as the increasing demand for automated, effective industrial processes. Additionally, the rise of this market in the Asia Pacific region is being aided by rising investments from significant players in developing nations like China and India.Emerson, ASCO, Kendrion, and other leading global makers of electromagnetic proportional valves.The top 5 businesses control around 25% of the market. With a market share of over 40%, Europe is the largest region, followed by North America and Asia Pacific with shares of around 28% and 24%, respectively.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market isextremely competitiveand consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

LIST OF TOP ELECTROMAGNETIC PROPORTIONAL VALVE COMPANIES

• Emerson ASCO (US)
• Kendrion (Netherland)
• Parker (US)
• Burkert (Germany)
• IMI (UK)
• Eaton (US)
• Nachi (Japan)
• Bosch Rexroth (Germany)
• SMC (Japan)
• Daikin (Japan)
• Nikkoshi (Japan)
• Humphrey (US)
• Festo (Germany)
• ODE (Italy)
• Takano (Japan)
• Sincere (China)
• Anshan Electromagnetic Valve (China)
• Dofluid (China)
• Takasago Electric (Japan)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.