IoT valves refer to valve devices that are connected and controlled through the Internet of Things (IoT) technology. This type of valve integrates sensors, actuators, and communication modules, and can monitor and control the flow status of fluids in real time. Its main features are remote monitoring, automatic control, data analysis, fault warning, etc.

 

This report mainly studies the global and Chinese markets.

• Product pictureof IoT Valves

2  Market Trends of IoT Valves

2.1 Increased demand for intelligence and automation

With the advancement of Industry 4.0 and intelligent manufacturing, enterprises' demand for automation and intelligent control systems continues to rise, driving the growth of the IoT valve market. The promotion and popularization of the industrial Internet has promoted the interconnection of various intelligent devices. As a key component, the market demand for IoT valves continues to grow.

2.2 Increased awareness of energy conservation and environmental protection

IoT valves can achieve precise adjustment in fluid control, effectively reduce energy consumption and resource waste, and are in line with the trend of sustainable development.

2.3 Application of real-time monitoring and data analysis

The development of IoT technology makes real-time data monitoring and analysis possible, and enterprises can optimize production processes and improve operational efficiency through data.

2.4 Expansion of application areas

The application of IoT valves in water treatment, petrochemicals, food processing, HVAC and other industries continues to expand, and the market potential is huge. With the continuous maturity of IoT technology, the advancement of industry standardization will promote interoperability between different devices and promote the standardized development of the market.

These trends show that the IoT valve market is developing in the direction of intelligence, energy saving and efficiency, and has broad prospects.

 

3  Market situation of IoT Valves

According to the new market research report "IoT Valves - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global IoT Valves market size is projected to grow from USD 705.0 million in 2023 to 1,139.4 million by 2030, at a CAGR of 8.3% during the forecast period.

• Global IoT Valves MarketSize(US$ Million), 2019-2030

 

Source: QYResearch, "IoT Valves - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

 

 

• Global IoT Valves Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

 

Source: QYResearch, "IoT Valves - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

This report profiles key players of IoT Valves such as Smart Wires,Carrier, IMI Hydronic Engineering, Commonwealth Edison Company, Flow Dynamics, Castrads. In 2023, the global top five IoT Valves players account for 60.4% of market share in terms of revenue. Above figure shows the key players ranked by revenue in IoT Valves.

 

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