Technavio analyzes that the Proportional Valve Market is expected to grow at a CAGR of 6.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 594.4 million.There are various factors that contribute to the growth of the market. The Proportional Valve Market is witnessing a significant surge due to the increasing number of product launches. Manufacturers are focusing on developing advanced technologies to cater to the growing demand for precise flow control systems. These innovations are expected to boost market growth and enhance the overall efficiency of various industries, particularly in sectors such as oil and gas, water and wastewater treatment, and HVAC.
The hydraulic proportional valves segment of the global proportional valve market is undergoing substantial growth, driven by the release of advanced products that prioritize safety and precision. One such innovation is HydraForce's patent-pending electro-proportional boom lock valve (EHBL), launched in February 2023. This valve sets a new standard in hydraulic proportional valve technology, providing enhanced safety features and precise control. The EHBL valve integrates a check mechanism that safeguards hydraulic systems from potential damage caused by hose ruptures or bursts. This feature ensures the system maintains control, preventing uncontrolled fluid flow and potential harm to the environment. In the context of static, step-by-step, and dynamic processes, the EHBL valve delivers linear dependence and hysteresis performance, ensuring consistent output signals.
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Proportional Valve Market Segmentation
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The Proportional Valve Market encompasses a range of valves that provide precise and repeatable control of pressure output. These valves offer both stepped and continuous pressure options, with programmable settings and onboard diagnostics for system design. They are cost-effective, available in air-pilot operated models, and ensure consistent control, reducing cycle times and maintaining stable pressure. Environmental considerations, operating temperature, and hysteresis performance are key factors. Valves include screw adjustment, internal negative feedback, dual-line braking systems, diaphragms, and bushings. Linear dependence and precise response ensure accurate output signal and control signal, while hysteresis performance and static, step-by-step, and dynamic process applications are supported.
The Proportional Valve Market is a significant segment of the expansive Global Electrical Components and Equipment Market. This market caters to businesses manufacturing pressure control solutions, specifically Proportional Valves, which offer Stepped Output Pressure, Continuous Output Pressure, Programmable functionality, Onboard Diagnostics, and Air-pilot Operated designs. The market size is determined by the combined revenue generated from the sales of these advanced valves, as well as rental and leasing services to diverse industries, including but not limited to, water treatment, HVAC, oil and gas, and power generation. The Global Electrical Components and Equipment Market encompasses various sectors, such as water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, and HVAC.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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