Valve remote control system is a centralized managed system, which is used to integrate the functioning of industrial valves from one point. The valve remote control systme is majorly used in marine, oil & gas, and piping applications. This system can be classified into four types, which are hydraulic, electric, pneumatic, and electro-hydraulic.

The growing demand for valve remote control system market can be attributed to the growing demand for industrial valves in the oil & gas industry and the rising adoption of automation across several industries. One of the major restraints for the global valve remote control system market is the high installation cost of the control system.

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Industry Segmentation

The global valve remote control system market has been segmented based on application into marine, offshore, and others. The offshore segment is expected to be the fastest growing segment in the global valve remote control system market. This is due to the growing production of shale gas fuels, which is expected to drive the valve remote control system market.

Based on application, the global market is segmented as marine, offshore, and others. The offshore segment is estimated to dominate the market during the forecast period due to the high demand for industrial valves in oil and gas production.

Based on type, the global market is segmented into hydraulic, pneumatic, electric, and electro-hydraulic.

Leading Players

The key players operating in the global valve remote control system market are Honeywell (US), Emerson (US), Wartsila (Finland), Nordic Group (Singapore), Rotork (UK), Cyclotech (Singapore), Danuni Marine (Denmark), Scana (Norway), KSB (Germany).

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Regional Outlook

Region-wise, in 2018, North America held the largest market share of the global valve remote control system market. It is estimated that Middle East & Africa region would be the fastest growing market during the forecast period. Almost all the countries in the region are increasing their oil production capacity. The UAE, Saudi Arabia, and Oman are investing heavily in their offshore projects. Algeria, Nigeria, and South Africa are also emphasizing on oil production to meet the increasing energy demand for oil and gas. The valve remote control system market in North America is expected to be primarily driven by the growth in oil production and rising need for remotely operated valves in countries such as US and Canada.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global valve remote control system market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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