Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) -- The "Valve Remote Control Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The report offers a comprehensive analysis of the global market for valve remote control systems, focusing on key regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The report presents both recent past and future projections for the years 2022 to 2030, including annual sales figures in US$ million and percentage CAGR for various types of valve remote control systems, including pneumatic, hydraulic, electric, and electro-hydraulic.
The study provides insights into the market dynamics, growth trends, and changing post-COVID-19 business landscape, with special coverage on various regions' market presence and key competitor market shares.
The report also highlights the application areas of valve remote control systems, such as offshore, marine, and other industries, offering a 16-year perspective on value sales for different regions.
Global Valve Remote Control Systems Market to Reach $12.3 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Valve Remote Control Systems estimated at US$7.4 Billion in the year 2022, is projected to reach a revised size of US$12.3 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.
Pneumatic, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$5.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hydraulic segment is readjusted to a revised 6.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 10.7% CAGR
The Valve Remote Control Systems market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
A selection of companies mentioned in this report includes
- Benchmarking
- BFG Marine
- Cyclotech
- Danuni Marine
- Emerson
- Greatec
- Jumho Electric
- KSB
- Nordic Group
- Rotork
For more information about this report visit https://www.researchandmarkets.com/r/241g5m
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