Key Drivers and Opportunities of the Global Electric Valve Market
Electric valves are used in irrigation sprinkler systems. The irrigation sprinkler system is expected to experience demand during the upcoming years as it an efficient and effective water management tool. The increase in demand for irrigation sprinkler systems will lead to increase in demand for electric valves. This is expected to drive the electric valve market during the forecast period.
The application of electric valves are in water & air based sectors, packing machines, drinking water facilities, oil, petrol, natural gas, food, medicine, sanitary, acid, and many other industries. Consumers use valve-based applications in their day to day life. Thus, it is expected that the demand for electric valves during the forecast period can be attributed to the constant demand for applications where the valve is used.
Electric valves have a longer service life compared to other valves. Manufacturers have an opportunity to cater to the rising demand for electric valves because of its benefits and its extensive industrial applications. Thus, the electric valve market is expected to grow during the forecast period. Solenoid valves have shorter operation time compared to electric valves. Electric valves take time to turn on and off. Therefore, solenoid valves might act as a threat to the electric valve market during the forecast period.
