This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
The Digital Valve Key Components Emerging Market Analysis report delivers current market analysis plus a five year market and technology forecast.
Burgeoning Need for Proactive Asset Management Boosts Demand for Digital Valve Components
Digitalization in valve operations reveals new opportunities for users/operators to minimize downtime and enhance productivity. As a result, there is a growing need for smart valve components among end users to monitor valve operation and manage valve assets. Digital valve controllers and intelligent electric actuators by valve automation suppliers are the two go-to technologies in the market, enabling condition monitoring and predictive maintenance of both isolation and control valves. Other smart devices enabling digitization of pressure relief valve and steam trap operations include wireless non-intrusive acoustic transmitters, lift/position monitors, and differential pressure flow transmitters.
Digital Valve Key Components Strategic Issues
In addition to providing a five-year market forecast, the Digital Valve Key Components market research report provides detailed quantitative current market data and addresses key strategic issues as follows.
Choose a Digital Solution Provider Over Mere Product Suppliers
The automated valves space is currently witnessing an evolution, with several key market participants transforming their business, from mere equipment manufacturers and suppliers to complete solution providers. Cloud platforms and analytics engines are being employed for data management, processing, and predictive maintenance. End users should seek out such solution providers than just hardware suppliers that are willing to invest sufficient time and resources for process evaluation, product customization, digitalization service, and support to enable the successful deployment of the technology and long-term technology partnerships for optimizing overall plant efficiency and emissions.
Evaluate Wireless Technologies
ARC sees increased interest among process industry end users in applying wireless sensing technology in their installations. The availability of industry-standard protocols (WirelessHART and ISA100) provides a huge catalyst, but some end users still take a "wait and see" approach in hopes that the wireless field communications standards will converge. ARC believes this is most unlikely.
End users need to prepare for wireless adoption as the technology continues to penetrate process automation architectures. While the business case is often relatively straightforward, implementation can be challenging, particularly for sites where the appropriate infrastructure is not in place. Suppliers need to recognize this hurdle and arm themselves with implementation guidelines and best practices to help smooth adoption and lower implementation costs.
Evaluate Supplier Remote Service Offerings
End users should consider partnering with field device suppliers offering remote monitoring, operations, and/or analysis. As locations become ever more remote and operations more extensive, it becomes very expensive and often hazardous to transport temporary support personnel to these sites. Instead, owner-operators should consider establishing practices for remote operations monitoring and management. An increasing number of valve actuators and digital positioner suppliers are developing valve maintenance services that leverage valve expertise to fill existing gaps for customers and create new revenue streams for themselves.
By increasing the frequency of valve health analysis testing, valve suppliers can predict impending valve health deterioration, so remediation can be scheduled and performed well before an operator alarm is triggered. This can help end users struggling with alarm overload by reducing the number of alarms triggered. It can also prioritize the corrective actions for maintenance to keep the plant operational. These services also help end users prioritize which valves need maintenance and which do not.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Market Research Areas
Strategic Analysis
- Market Trends
- Strategies for Buyers
- Strategies for Product Suppliers
- Growth Contributors
- Growth Inhibitors
Competitive Analysis
- Market Share Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Component
- Intelligent Actuators
- Smart Positioners
Emerging Market Size and Forecast
- Total Shipments of Digital Valve Key Components
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Component
- Intelligent Actuators
- Smart Positioners
- Other Smart Devices
- Shipments by Industry
- Chemical
- Electric Power Generation
- Oil & Gas
- Pulp & Paper
- Refining
- Water & Wastewater
- Other Industries
Industry Participants
The research identifies all relevant suppliers serving this market.
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