Japan Control Valves Market Insights Forecasts to 2033
- The Market Size is Growing at a CAGR of 10.03% from 2023 to 2033.
- The Japan Control Valves Market Size is Expected to Hold a Significant Share by 2033.
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The Japan Control Valves Market Size is Expected to Hold a significant share by 2033, at a CAGR of 10.03% during the forecast period 2023 to 2033.
A control valve is a mechanical device used to regulate the flow of fluid or gas through internal channels. It consists of a pneumatic or electrically powered actuator attached to a valve to allow for flow modulation. There are various common types of control valves, including ball, butterfly, plug, gate, and diaphragm. These valves can automatically modify factors such as pressure, flow rate, density, temperature, and the concentration of the chemical under control. These devices often come with a variety of attachments, such as electro-pneumatic transducers, handwheels, position indicators, and limit switches. They are widely used in a variety of industries, including oil and gas, water and wastewater treatment, power production, medicines, and chemicals. Furthermore, with the rapid spread of COVID-19, healthcare and pharmaceuticals industries are at the cutting-edge technology of combating the pandemic. There is a rise in the production of critical medical devices that are required to cure COVID-19 patients. Control valve market play an important role in the manufacturing of different types of medical devices, and several key industry players have grabbed the opportunity to contribute to the fight against the pandemic. Moreover, Japanese companies are increasingly investing in the research and development pertaining to automatic components, such as solenoid valves, that are supplied to the pharmaceuticals industry.
This research report categorizes the market for Japan control valves market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan control valves market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan control valves market.
Japan Control Valves Market Report Coverage
|2023 - 2033
|Forecast Period 2023 - 2033 CAGR:
|Historical Data for:
|2019 - 2022
|No. of Pages:
|Tables, Charts & Figures:
|By Type, By End User and COVID-19 Impact Analysis.
|Advance Electric Co., Inc., BS & B Safety Systems Co., Ltd., Furukawa kogyo Co., Ltd., V Tex Corporation, Fujitsu Optical Components Lt, Valqua, Ltd., Fukui Seisakusho Co., Ltd., Venn Co., Ltd., Dresser Japan, Ltd., Emerson Valves & Controls Japan Co., Ltd., and Others
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
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The integration of control valves with the Industrial Internet of Things (IIoT), as well as the development of 3D printed valves, are driving market expansion. Manufacturers and key industry players are also actively invested in research and development (R&D), constantly introducing new product versions to fulfill the changing needs of diverse industries. These measures, together with overall demand dynamics, are likely to promote further expansion in Japan's control valves market throughout the forecasted period.
Manufacturers of valves must follow specific standards and regulations. Different regions have different certifications and policies for valves. This component contributes to demand diversity because valves are used in a wide range of industries, including oil and gas, food and beverage, pharmaceuticals, energy and electricity, water and wastewater treatment, building and construction, chemicals, and pulp and paper. Thus, such factors are hampering the market growth in the forecast period.
- In 2023, the rotary segment accounted for the largest revenue share over the forecast period.
Based on the type, the Japan control valves market is segmented into rotary, and linear. Among these, the rotary segment has the largest revenue share over the forecast period. Rotary valves are less prone to clogging in dirty service applications, and through the stem packing, emissions can be controlled effortlessly, without using costly bellows seals. Moreover, lighter weight and smaller size of rotary valves contribute to the constantly increasing demand for these valves. Another advantage offered by rotary valves is the formation of a virtually obstruction-free path for the fluid when the valve is wide open.
- In 2023, the oil & gas segment accounted for the largest revenue share over the forecast period.
On the basis of end user, the Japan control valves market is segmented into oil & gas, water & wastewater treatment, energy & power, chemicals, and others. Among these, the oil & gas segment has the largest revenue share over the forecast period. The major oil & gas producing companies in countries for control valves in natural gas generation. Oil & gas companies are running out of space to store the extracted oil, while the demand for oil has decreases, which has created a demand for the control valve market in Japan.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan control valves market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Advance Electric Co., Inc.
- BS & B Safety Systems Co., Ltd.
- Furukawa kogyo Co., Ltd.
- V Tex Corporation
- Fujitsu Optical Components Lt
- Valqua, Ltd.
- Fukui Seisakusho Co., Ltd.
- Venn Co., Ltd.
- Dresser Japan, Ltd.
- Emerson Valves & Controls Japan Co., Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On March 2022, Fujitsu Optical Components Ltd., announced the development of CFP2-DCO coherent transceiver for 400Gbps DWDM open systems and began the expansion of sales in the second half of 2021.
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Japan Control Valves Market based on the below-mentioned segments:
Japan Control Valves Market, By Type
Japan Control Valves Market, By End User
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
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