Germany IoT Valves Market Outlook | 2030

[Research Report] The Germany IoT valves market was valued at US$ 118.35 million in 2022, and is expected to cross US$ 265.56 million by 2030; it is estimated to record a CAGR of 10.6% from 2022 to 2030.

Analyst Perspective:

High demand for industrial valves across sectors such as oil & gas, pharmaceuticals, and chemicals and the rapid evolution of IoT technology fuel the Germany IoT valves market growth. By incorporating IoT capabilities, valves can be remotely monitored, controlled, and automated, enhancing efficiency, and reducing maintenance expenses. For instance, with the integration of IoT technology in HVAC systems, intelligent HVAC systems are increasingly used and can be managed and monitored remotely. Furthermore, the rising adoption of IoT in diverse industries, including aerospace, elevators, and process automation, has increased the demand for IoT valves.

Germany IoT Valves Market Overview:

IoT valves encompass valves that are integrated with Internet of Things (IoT) technology. By leveraging IoT technology, these valves can establish connections and facilitate communication between devices over the Internet, enabling remote monitoring, control, and data collection. IoT technology finds application in monitoring valve performance, collecting data on valve operations, and facilitating remote control and automation of valve functions. The versatility of IoT valves allows for their consumption across a wide range of industries and applications. For instance, IoT valves in industrial environments are invaluable in managing the flow of fluids or gases in manufacturing processes. Moreover, in smart buildings, these valves can regulate temperature, humidity, and air quality through seamless integration with building management systems (BMS) or IoT-based monitoring platforms.

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Germany IoT Valves Market: Strategic Insights

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Germany IoT Valves Market Driver:

Increasing Demand for Automation and Smart Solutions in Industries Drives Germany IoT Valves Market

Automation and smart solutions are widely used in industries such as oil & gas, water management, and energy. According to OpenGov Asia, in 2022, Germany ranked fifth after China, Japan, Korea, and the US in automation and smart solutions in industries. The German government and multiple lobby organizations of the country’s manufacturing, electronic, and software industries formed the German Hightech Strategy with an aim to emphasize and adopt digital products and IoT-related business models. The strategy focuses on the Industry 4.0 initiative to improve manufacturing practices by introducing the integration of IoT with components used in the manufacturing process. Moreover, various players across the country are involved in building IoT networks. For example, in 2017, Deutsche Telekom started the operation of its new NB-IoT network across Germany. The innovative machine and sensor network facilitate digitization in a wide range of industries such as pharmaceutical and oil & gas. Installation of IoT-based equipment, sensors, and smart solutions in these industries is facilitating easy and efficient operations. Thus, with the rising adoption of automation and smart solutions across industries, the integration of IoT with equipment at manufacturing facilities is also increasing.

Many manufacturers in Germany are incorporating IoT, smart solutions, and automation in the oil & gas industry. Automation and smart solutions are used to reduce downtime, optimize the used resources, and ultimately boost productivity in the industry. Automation includes features such as integration with IoT with components such as valves, predictive maintenance, energy efficiency, scalability, and human-machine collaboration. IoT valves allow for control and optimization of operations, resulting in greater efficiency, production, and cost savings. IoT valves remote control intelligent automation by utilizing IoT capabilities, which leads to energy savings, cost-effectiveness, and improved safety. Thus, the growing demand for automation and smart solutions in various industries fuels the Germany IoT valves market growth.

Germany IoT Valves Market Report Segmentation and Scope:

The Germany IoT valves market primarily focuses on three segments: connectivity, type, and end user. In terms of connectivity, the market is bifurcated into wired and wireless. By type, the market is segmented into pressure independent control valves (PICV), regular valves, and energy valves. In terms of end user, the market is segmented into industrial, commercial, and residential.

 

Germany IoT Valves Market Segmental Analysis:

Based on connectivity, the Germany IoT valves market is bifurcated into wired and wireless. The wired segment dominated the Germany IoT valves market share in 2022. The wired type of IoT valves can connect with one standard Ethernet cable that provides power and allows data transmission. Various players across Germany provide wired IoT valves; for example, Brennaninc provides IoTH-800 series IoT valves, which are offered in both wired and wireless configurations. The IoTH-800 smart valve provides the ability to predict events and indicate when equipment maintenance is required. Similarly, the BELIMO AIRCONTROLS provides various wired IoT energy valves of several series, including EV100+AKRX-E N4HH, EV100+AKRX-E N4HT, EV100+ARX-E N4, and EV100+ARX-E N4HT, among others. Thus, the growing presence of wired IoT valve manufacturers across the country propels the wired segment in the Germany IoT valves market.

In wireless connectivity, there is no requirement for any wired connection such as ethernet or any Wi-Fi cable, while for wired connectivity, cables must be used. Remote valve monitoring has proven beneficial to factories and plants in chemical processing, pulp and paper manufacturing, and water and wastewater treatment, among other applications. Traditional retrofitting monitoring solutions, on the other hand, are expensive and time-consuming to implement in plants with different types of manual valves. As a result, manufacturers prefer a less expensive alternative; they have demonstrated a 90% decrease in retrofitting investment by utilizing industry-grade wireless sensors and Industrial IoT technologies. Moreover, various IoT-enabled valve monitoring systems are receiving certifications and approval. For example, in June 2021, a wireless sprinkler valve monitoring system received FM approvals certification. The wireless sprinkler valve monitoring system helps organizations lower the cost of monitoring critical sprinkler control (and isolation) valves. It makes it easier to receive alerts and other information from anywhere, anytime via the Internet of Things (IoT). Moreover, the wireless valves have several advantages, such as being inexpensive, best for hard-to-reach conditions, and easy to expand to accommodate changes. Thus, owing to the increased use of industry-grade wireless sensors and their advantages, the wireless segment is expected to hold a significant Germany IoT valves marketshare by 2030.

Germany IoT Valves Market Regional Analysis:

Germany is a prominent hub for the manufacturing industry, along with industrial process automation. Many market players and government organizations are involved in the incorporation of automation and smart solutions in various industries across Germany. For example, in April 2021, Siemens teamed with Google Cloud to enhance production processes and boost efficiency. Siemens plans to combine Google Cloud's AI/ML technology with its factory automation systems to support future innovation. These factors are projected to increase the adoption of automated solutions required in industrial processes in several industries across Germany, contributing to the growing Germany IoT valves market size.

Key Player Analysis:

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. Several other major market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The Germany IoT valves market analysis provides detailed market insights, which help the key players strategize their growth.

Germany IoT Valves Market Recent Developments:

The Germany IoT valves market forecast can help stakeholders in this marketplace plan their growth strategies. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few recent key market developments are listed below:

• In November 2022, IMI plc acquired Heatmiser UK Ltd. for an enterprise value of US $119.5 million, with an additional amount of US$ 8.6 million to maintain Heatmiser's future financial performance. Heatmiser became part of IMI Hydronic Engineering ("IMI Hydronic").
• In January 2020, Klinger Holding GmbH purchased the Swiss Aargau-based companies FRANZ GYSI AG and GYSI Dichtungstechnik; these companies are now part of Klinger Holding GmbH.
• In April 2020, Carrier added two new multi-purpose controllers (MPCs) to their TruVu family of flexible, scalable building controls for the i-Vu building automation system. The latest MPC controllers offer new connectivity options for Carrier's smart field devices. ComfortVu operator interfaces can be connected to the IP port, and i-Vu smart valves can be connected to a new Act Net port.
• In April 2020, Belimo launched a completely new generation (4) of energy valves in sizes DN 15 to DN 50. This new energy valve product range includes a certified thermal energy meter with several highly innovative features. The thermal energy meter also contains the logic for controlling the connected CCV valve, which is available both with and without fail-safe. The certified meters are also available as “standalone” devices without the valves.

Germany IoT Valves Report Scope