A Valve Remote Control System (VRCS) is a type of control system that is designed to remotely operate and control valves in various industrial applications. It allows operators to control the opening, closing, and positioning of valves from a centralized location, often a control room or a remote station. The system typically consists of several components, including control consoles, remote terminal units, actuators, sensors, and communication networks. The key factor driving the market growth is growing need for remotely operated valves from oil & gas production and rising number of refineries and petrochemical plants that anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Moreover, the petrochemicals industry is experiencing significant growth due to the rising demand for various products such as plastics, fertilizers, rubber, and synthetic fibers. These industries rely on complex processes that require precise control of valves to regulate fluid flow, pressure, and temperature. As the petrochemicals industry expands, there will be a higher demand for VRC systems to ensure efficient and reliable valve operation. According to Statista, 2019, the global petrochemicals market was valued USD 441 billion; in 2022 the market reached USD 584.5 billion and it is anticipated to reach USD 1002.45 billion by 2030. Additionally, high demand for automation and predictive maintenance from manufacturing industries is anticipated to create the lucrative opportunity for the market over forecast period.
However, the high installation cost and lack of standardized certifications and government policies stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Valve Remote Control System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the rising Investment in shale gas production, growing number of projects from chemical, petrochemical and offshore wind and improving and modernizing power plants under government's reform. Whereas, the Asia Pacific region is expected to grow at fastest growth rate during the forecast period, owing to factors such as rising development of onshore and offshore activities, growing focus on the growth of oil & gas sector, rising development offshore activities, and resurgence of oil & gas industry in the region.
Major market player included in this report are:
Emerson Electric Co.
Nordic Group Limited
KSB SE & Co. KGaA
Scana Skarpenord AS
Sander Stove Co. Ltd.
BESI Marine Systems GmbH
Selma Integrated Technology Ltd.
Recent Developments in the Market:
Global Valve Remote Control System Market Report Scope:
Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Valve Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Valve Type:
Middle East & Africa
Rest of Middle East & Africa