Asia Pacific IoT Valves Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The Asia Pacific IoT valves market is projected to grow significantly, reaching approximately US$ 1,171.15 million by 2031, up from US$ 470.33 million in 2023, with a compound annual growth rate (CAGR) of 12.1% during the forecast period.

Executive Summary and Market Analysis

The market is divided into several regions, including Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. IoT valves play a crucial role in managing flow and pressure within the power sector. The increasing industrialization across Asia Pacific nations is driving the demand for electricity, leading to the construction of new power plants. Notable projects include the Kakrapar Atomic Power Station and Kudankulam Nuclear Power Plant in India, the Bluewaters Power Station in Australia, coal-based power plants in China, and the Yokosuka coal-fired power plant in Japan. This surge in power plant development is a key factor fueling the growth of the IoT valves market in the region.

Key players in the IoT valves market include Smart Valves, Oswal Valves, FITOK Group, Eayuan Metal Industrial Co Ltd, and SWI Valve Co Ltd. These companies are actively enhancing their product offerings to meet the diverse needs of various industries. IoT valves are engineered to effectively manage pressure across multiple sectors, and their leak-proof design makes them highly desirable. For example, the Korea Institute of Machinery and Materials has developed the "K-smart valve," which autonomously detects and isolates ruptured pipes, enhancing pipeline system functionality during leaks.

Market Segmentation Analysis

The Asia Pacific IoT valves market can be segmented based on connectivity, type, and end-user industry:

Connectivity: The market is divided into wired and wireless segments, with wired connectivity holding a larger market share in 2023.
Type: The market is categorized into pressure independent control valves (PICV), regular valves, and energy valves, with PICVs dominating the market share in 2023. Regular valves are further classified into ball valves, butterfly valves, safety valves, and others.
End-User Industry: The market is segmented into industrial, commercial, and residential sectors, with the industrial segment leading in market share in 2023.

Market Outlook

The adoption of automation and smart solutions is becoming increasingly prevalent across various industries, including oil & gas, water management, and energy. According to OpenGov Asia, Germany ranks fifth in automation and smart solutions, following China, Japan, South Korea, and the US. Governments and industry organizations are promoting the Hightech Strategy to encourage the adoption of digital products and IoT business models, focusing on the Industry 4.0 initiative to enhance manufacturing practices through IoT integration.

The integration of IoT devices is also transforming agriculture, particularly in India, where smart farming initiatives are addressing challenges like labor shortages and climate variability. By incorporating IoT technologies, farmers can optimize their practices, leading to improved productivity and sustainability.

In the oil & gas sector, manufacturers are increasingly implementing IoT and automation to minimize downtime, optimize resources, and enhance productivity. IoT valves facilitate operational control and optimization, resulting in increased efficiency and cost savings. The demand for automation and smart solutions across various industries is a significant driver of the IoT valves market.

Country Insights

The Asia Pacific IoT valves market includes key countries such as China, India, Japan, Australia, South Korea, and others. China accounted for the largest market share in 2023. The US Energy Information Administration reported that China is the leading global energy producer and consumer, with a notable increase in primary energy production and consumption. The rise of non-fossil fuel sources, including renewables, is contributing to the growth of the IoT valves market, particularly in energy and power generation applications.

Company Profiles

Key players in the IoT valves market include Klinger Holding GmbH, KTW Technology GMBH, Carrier Global Corp, Belimo Holding AG, IMI Plc, Ultra Clean Holdings Inc, Siemens AG, Flowserve Corp, Honeywell International Inc, Larsen & Toubro Ltd, Smart Wires Inc, Flow Dynamics LLC, IoT Technologies, ChengDu ZhiCheng Technology Co., Ltd., Teksun Inc., Autorun Control Valve Co., Ltd., Ham-Let Group, and Rusco. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to customers.

Product Code: BMIRE00032087

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Asia Pacific 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. Asia Pacific IoT Valves Market - Key Market Dynamics

5.1 Asia Pacific IoT Valves Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Energy and Water Conservation Efforts
- 5.2.2 Increasing Demand for Automation and Smart Solutions in Industries
- 5.2.3 Growing Need for Remote Monitoring and Control Systems in Industrial Process
5.3 Market Restraints
- 5.3.1 High Cost of IoT valves
5.4 Market Opportunities
- 5.4.1 Integration of IoT in HVAC Systems
5.5 Future Trends
- 5.5.1 Increasing Integration of IoT with Blockchain
- 5.5.2 Integration of Machine Learning Algorithm with IoT valves
5.6 Impact of Drivers and Restraints:

6. IoT Valves Market - Asia Pacific Analysis

6.1 Asia Pacific IoT Valves Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific IoT Valves Market Forecast Analysis

7. Asia Pacific IoT Valves Market Analysis - by Connectivity

7.1 Wired
- 7.1.1 Overview
- 7.1.2 Wired: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Wireless
- 7.2.1 Overview
- 7.2.2 Wireless: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Asia Pacific 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): Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Regular Valves
- 8.2.1 Overview
- 8.2.2 Regular Valves: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Energy Valves
- 8.3.1 Overview
- 8.3.2 Energy Valves: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Asia Pacific IoT Valves Market Analysis - by Regular Valve

9.1 Ball Valve
- 9.1.1 Overview
- 9.1.2 Ball Valve: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Butterfly Valve
- 9.2.1 Overview
- 9.2.2 Butterfly Valve: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Safety Valve
- 9.3.1 Overview
- 9.3.2 Safety Valve: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Others
- 9.4.1 Overview
- 9.4.2 Others: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Asia Pacific IoT Valves Market Analysis - by End User

10.1 Industrial
- 10.1.1 Overview
- 10.1.2 Industrial: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Commercial
- 10.2.1 Overview
- 10.2.2 Commercial: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Residential
- 10.3.1 Overview
- 10.3.2 Residential: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. Asia Pacific IoT Valves Market - Country Analysis

11.1 Asia Pacific
- 11.1.1 Asia Pacific IoT Valves Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 Asia Pacific IoT Valves Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 China: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.2.1 China: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.2.2 China: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.2.3 China: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.2.4 China: Asia Pacific IoT Valves Market Share - by End User
  - 11.1.1.3 India: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.3.1 India: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.3.2 India: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.3.3 India: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.3.4 India: Asia Pacific IoT Valves Market Share - by End User
  - 11.1.1.4 Japan: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.4.1 Japan: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.4.2 Japan: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.4.3 Japan: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.4.4 Japan: Asia Pacific IoT Valves Market Share - by End User
  - 11.1.1.5 Australia: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.5.1 Australia: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.5.2 Australia: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.5.3 Australia: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.5.4 Australia: Asia Pacific IoT Valves Market Share - by End User
  - 11.1.1.6 South Korea: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.6.1 South Korea: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.6.2 South Korea: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.6.3 South Korea: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.6.4 South Korea: Asia Pacific IoT Valves Market Share - by End User
  - 11.1.1.7 Rest of APAC: Asia Pacific IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.7.1 Rest of APAC: Asia Pacific IoT Valves Market Share - by Connectivity
    - 11.1.1.7.2 Rest of APAC: Asia Pacific IoT Valves Market Share - by Type
    - 11.1.1.7.3 Rest of APAC: Asia Pacific IoT Valves Market Share - by Regular Valve
    - 11.1.1.7.4 Rest of APAC: Asia Pacific IoT Valves Market Share - by End User

12. Competitive Landscape

12.1 Company Positioning & Concentration
12.2 Heat Map Analysis by Key Players

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.2 New Product Development
13.3 Mergers & Acquisitions

14. Company Profiles

14.1 Klinger Holding GmbH
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 KTW Technology GMBH
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Carrier Global Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Belimo Holding AG
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 IMI Plc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Ultra Clean Holdings Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Siemens AG
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Flowserve Corp
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Honeywell International Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Larsen & Toubro Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 Smart Wires Inc
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Flow Dynamics LLC
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 IoT Technologies
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 ChengDu ZhiCheng Technology Co., Ltd.
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Teksun Inc.
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
14.16 Autorun Control Valve Co.,Ltd.
- 14.16.1 Key Facts
- 14.16.2 Business Description
- 14.16.3 Products and Services
- 14.16.4 Financial Overview
- 14.16.5 SWOT Analysis
- 14.16.6 Key Developments
14.17 Ham-Let Group
- 14.17.1 Key Facts
- 14.17.2 Business Description
- 14.17.3 Products and Services
- 14.17.4 Financial Overview
- 14.17.5 SWOT Analysis
- 14.17.6 Key Developments
14.18 Rusco
- 14.18.1 Key Facts
- 14.18.2 Business Description
- 14.18.3 Products and Services
- 14.18.4 Financial Overview
- 14.18.5 SWOT Analysis
- 14.18.6 Key Developments

15. Appendix

15.1 Glossary
15.2 About The Insight Partners