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Germany IoT Valves Market Size and Forecast (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Connectivity (Wired and Wireless), Type [Pressure Independent Control Valve (PICV), Regular Valves (Ball Valve, Butterfly Valve, Safety Valve, and Others), and Energy Valves], and End User (Industrial, Commercial, and Residential)

Market Report I 2024-02-19 I 128 Pages I The Insight Partners

The Germany IoT valves market size was valued at US$ 118.35 million in 2022 and is expected to reach US$ 265.56 million by 2030; it is estimated to record a CAGR of 10.6% from 2022 to 2030. www.tip.com

The demand for industrial valves is rapidly increasing across industries such as oil & gas, chemicals, and pharmaceuticals. For example, per the European Environment Agency, in 2020, households and certain industries in 3,913 urban areas generated 111.3 million p.e. of wastewater every day, which is an amount equivalent to ~223 million bathtubs or 22.25 million cubic meter. However, urban wastewater needs to be treated before discharge in order to avoid polluting the environment. In Germany, urban wastewater is treated in 3,796 plants before it is discharged. This discharge of wastewater needs non-biological as well as biological treatment. Valves are required to carry a specific amount of wastewater discharging from various industries, and the integration of IoT valves provides an additional advantage for wastewater management. Thus, increasing demand for valves across various industries drives the Germany IoT valves market growth.

Germany is one of the world's top locations for pharmaceutical production. According to Germany Trade & Invest, in 2021, pharmaceutical production volume reached US$ 37.75 billion, equivalent to 6.9% year-on-year growth. Various players are providing valves for the pharmaceutical industries to streamline their operations. For example, GEA provides a VESTA valve series, which includes all valve types required for optimal execution of sterile processes in the pharmaceutical sector. These include laboratory applications as well as complex process plants in the pharmaceutical, biotechnology, and cosmetics industries. Also, these valves meet high requirements within aseptic, sterile, and hygienic processes. The sterilization process can be easily streamlined with IoT valves, as these valves allow sterilization process controls. Such increasing demand for valves across various industries facilitates the Germany IoT valves market growth.

On the basis of type, the Germany IoT valves market is segmented into energy valves, pressure independent control valves (PICV), and regular valves. The pressure independent control valve (PICV) segment held the largest Germany IoT valves market share in 2022. Pressure independent control valves are automatic temperature control valves and automatic flow regulating valves packaged in one valve body. PICV responds to changes in pressure in order to maintain the desired flow. It delivers a constant flow even as pressure changes. PICVs regulate the flow of water or air to maintain a consistent temperature and pressure in the building. PICVs typically consist of a control valve, a differential pressure regulator, and a flow limiter. The flow limiter ensures a constant flow rate, even if the differential pressure regulator fails or there are changes in system demand. It also reduces costs and makes the entire system work better. Various market players in Germany provide PICV to conduct pressure-independent flow and power control. For example, BELIMO provides Belimo Energy Valve, which helps to provide pressure-independent flow and power control and transparent monitoring of heating or cooling systems. The product is an intelligent pressure independent valve that can be connected to the Belimo Cloud. It has unique functions, such as the delta T manager or the possibility of direct power control, providing clarity, enhancing efficiency, and reducing costs. Thus, the pressure independent control valves (PICV) segment holds a significant Germany IoT valves market share owing to the presence of such market players.

The report includes growth prospects owing to the current Germany IoT valves market trends and their foreseeable impact during the forecast period. Klinger Schoneberg GmbH, TW Technology GMBH, Carrier Global Corp, IMI Plc, Ultra Clean Holdings Inc, Siemens AG, Flowserve Corp, Honeywell International Inc, Larsen & Toubro Ltd, and Belimo Holding AG are among the key players profiled in the Germany IoT valves market report. The Germany IoT valves market report provides detailed market insights, which help the key players strategize their growth.

The overall Germany IoT valves market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Germany IoT valves market analysis. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Germany IoT valves market.

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. IoT Valves Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. IoT Valves Market - Key Market Dynamics
5.1 IoT Valves Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand For Automation And Smart Solutions In Industries
5.2.2 Growing Need for Remote Monitoring and Control Systems in Industrial Process
5.2.3 Rising Implementation of Safety and Compliance Regulations in Industrial Process
5.3 Market Restraints
5.3.1 High Cost of IoT Valves
5.4 Market Opportunities
5.4.1 Growth of Industry 4.0
5.4.2 Increasing Demand for Valves across Various Industries
5.5 Future Trends
5.5.1 Integration of Machine Learning Algorithm with IoT Valves
5.6 Impact of Drivers and Restraints:
6. IoT Valves Market Analysis
6.1 IoT Valves Market Revenue (US$ Million), 2022-2030
6.2 IoT Valves Market Forecast and Analysis
7. IoT Valves Market Analysis - by Connectivity
7.1 Wired
7.1.1 Overview
7.1.2 Wired: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Wireless
7.2.1 Overview
7.2.2 Wireless: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8. IoT Valves Market Analysis - by Type
8.1 Pressure Independent Control Valve (PICV)
8.1.1 Overview
8.1.2 Pressure Independent Control Valve (PICV): IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Regular Valves
8.2.1 Overview
8.2.2 Regular Valves: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.2.3 Ball Valves
8.2.3.1 Overview
8.2.3.2 Ball Valves: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.2.4 Butterfly Valves
8.2.4.1 Overview
8.2.4.2 Butterfly Valves: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.2.5 Safety Valves
8.2.6 Overview
8.2.7 Safety Valves: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.2.8 Others
8.2.8.1 Overview
8.2.8.2 Others: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Energy Valves
8.3.1 Overview
8.3.2 Energy Valves: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
9. IoT Valves Market Analysis - by End User
9.1 Industrial
9.1.1 Overview
9.1.2 Industrial: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
10. IoT Valves Market - Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Company Positioning and Concentration
11.2 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 Klinger Holding GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KTW Technology GMBH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Carrier Global Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Belimo Holding AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IMI Plc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ultra Clean Holdings Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Flowserve Corp
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Honeywell International Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Larsen & Toubro Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Word Index
14.2 About The Insight Partners

LIST OF TABLES

Table 1. IoT Valves Market Segmentation
Table 2. List of Vendors
Table 3. IoT Valves Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. IoT Valves Market - Revenue and Forecast to 2030 (US$ Million) - by Connectivity
Table 5. IoT Valves Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 6. IoT Valves Market - Revenue and Forecast to 2030 (US$ Million) - by Regular Valves
Table 7. IoT Valves Market - Revenue and Forecast to 2030 (US$ Million) - by End User
Table 8. List of Abbreviation

LIST OF FIGURES

Figure 1. IoT Valves Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. IoT Valves Market Revenue (US$ Million), 2022-2030
Figure 5. IoT Valves Market Share (%) - by Connectivity, 2022 and 2030
Figure 6. Wired: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 7. Wireless: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 8. IoT Valves Market Share (%) - by Type, 2022 and 2030
Figure 9. Pressure Independent Control Valve (PICV): IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 10. Regular Valves: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 11. Ball Valves: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 12. Butterfly Valves: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 13. Safety Valves: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 15. Energy Valves: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 16. IoT Valves Market Share (%) - by End User, 2022 and 2030
Figure 17. Industrial: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. Commercial: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 19. Residential: IoT Valves Market- Revenue and Forecast to 2030 (US$ Million)
Figure 20. Company Positioning and Concentration
Figure 21. Heat Map Analysis by Key Players

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