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ARC Advisory Group research on the Valve Actuators global market reveals that the proliferation of the green hydrogen value chain is driving this market. The ongoing drive toward promoting green, zero emissions, and sustainable energy is leading to several new investments and research to develop the conceptual hydrogen-powered economies across several developed regions in the world.
Western European countries such as Germany are investing heavily in hydrogen-based power generation. A German-based company, ThyssenKrupp, which is part of the new green hydrogen consortium, recently received a 30 million euro grant from the German government and is working on an 88-Megawatt electrolyzer project with Quebec Hydro. Several new midstream pipeline projects are planned for safe hydrogen transmission in the region. Leading valves and actuator manufacturers are also developing new product portfolios for hydrogen service to capitalize on these upcoming opportunities.
In addition to providing a five-year market forecast, the Valve Actuators Market Research provides detailed quantitative current market data and addresses key strategic issues as follows.
Supply chain security is not a single task, but more of an ongoing journey. Many end users are at a loss to understand how to best begin. It is critical that end users understand how their systems are constructed. Compiling an accurate inventory of installed systems is one of the first steps in a cybersecurity program. However, simply identifying such assets is no longer sufficient. Potential supply chain related risks can only be addressed if the provenance of all components in those assets is known.
End users should request information from their suppliers. When assessing or procuring software systems or hardware it is very important to ask the supplier to list the components in the product. This may take the form of a software or hardware bill of material, but such a formal presentation may not be necessary. However, if a supplier is unwilling or unable to provide this information, this should be considered when making buying choices.
End users should identify vulnerabilities and plan their mitigation. Once the system components have been identified it is possible to determine the vulnerabilities associated with each component. The next step is to develop a detailed mitigation plan to address these vulnerabilities.
Valve installation, commissioning, and maintenance practices have changed dramatically, thanks to intelligent actuators, digital positioners, digital field networks, and predictive maintenance practices. While there is still room for improvement, these changes are helping to reduce costs and unplanned downtime for owner-operators that have successfully implemented these newer technologies and corresponding work processes. ARC feels the time is right for owner-operators to expand valve automation by automating more manually operated valves application. Automating valve actuation mechanism can provide significant economic benefits, but success depends on a willingness to embrace new technologies and resilience toward changing flow control practices that have been in place for decades.
A key benefit is that a single supplier assumes responsibility to ensure these components are integrated safely and securely and supported by the appropriate services. This will become increasingly important in the future as manually operated isolation valves become more tightly integrated into plant control and safety systems.
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.
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Country studies include market trends and industry data. Studies and formats available are listed below:
MIRA Workbook | PDF File | |
Worldwide (includes regional data) | Yes | Yes |
North America (includes country data) | Yes | No |
Latin America (includes country data) | Yes | No |
Europe, Middle East, Africa (includes country data) | Yes | No |
Asia (includes country data) | Yes | No |
Annual Subscriptiom | Yes | Yes |
Countries included in each region.
Table of contents for these studies is shown in the following paragraphs.
The research identifies all relevant sup-pliers serving this market.
For more information or to purchase the Valve Actuators study, please contact us.