Multi-tandem valve refers to an assembly of multiple hydraulic valves integrated into a single unit to control the flow and direction of hydraulic fluid in complex hydraulic systems. Multi-tandem valves streamline hydraulic circuits by combining various valve types, such as directional control valves, flow control valves, and pressure control valves, into one compact and efficient package.
Sizing and Forecast
The multi tandem valve market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased adoption of automation, rising global energy demand, stringent environmental and safety regulations, increased international trade and global supply chains, demand for valve replacement and retrofit.
The multi tandem valve market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to growth in the construction industry, growth in manufacturing and production facilities, increase in research and development activities, increase in agricultural mechanization, growth in the automotive sector, growth in demand for energy efficient solutions, increase in infrastructure development. Major trends in the forecast period include advancements in valve technology, increased adoption in the energy sector, development of smart valve solutions, expansion in process industries, advancements in material science, integration of artificial intelligence, development of eco friendly fluids.
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Segmentation & Regional Insights
The multi tandem valve market covered in this report is segmented –
1) By Type: Integral Multi Tandem Valve, Shard Multi Tandem Valve
2) By Operation: Automated, Manual
3) By End-Use Industry: Manufacturing, Construction, Agriculture, Oil And Gas, Mining, Other End Use Industries
North America was the largest region in the multi tandem valve market in 2023. The regions covered in the multi tandem valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in demand for hybrid electric vehicles (HEVs) is expected to propel the growth of the multi-tandem valve market going forward. Hybrid electric vehicles (HEVs) are defined as cars that combine a gasoline engine with an electric motor to boost fuel efficiency and lower emissions. Hybrid electric vehicles (HEVs) are rising due to environmental concerns, government incentives, and improved technology, leading to better fuel efficiency. Hybrid electric vehicles (HEVs) aids in utilizing multi-tandem valves by enhancing fuel efficiency. It reduces the overall strain on the engine system and improves valve performance, resulting in better engine efficiency and reduced emissions. For instance, according to Argonne National Laboratory, a US-based federally funded research and development center, in April 2024, 118,435 HEVs (23,179 cars and 95,256 LTs) were sold in the United States, up 17.8% from the sales in April 2023. Therefore, the increase in demand for hybrid electric vehicles (HEVs) drives the multi-tandem valve market.
Key Industry Players
Major companies operating in the multi tandem valve market are Daikin Industries Ltd., Komatsu Ltd., Eaton Corporation plc, Parker Hannifin Corporation, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Bosch Rexroth AG, Shimadzu Corporation, KYB Corporation, HYDAC International GmbH, Hengli Hydraulic Co. Ltd., Bucher Hydraulics AG, Haldex AB, HAWE Hydraulik SE, Argo Hytos, Linde Hydraulics GmbH & Co. KG, Tokyo Keiki Inc., Metal Work S.p.A., Yuken Kogyo Co. Ltd., Cross Manufacturing Company Inc., Walvoil S.p.A., Hydrosila, Bondioli & Pavesi S.p.A., Doering Company, AMCA Hydraulic
The multi tandem valve market report table of contents includes:
1. Executive Summary
- Multi Tandem Valve Market Characteristics
- Multi Tandem Valve Market Trends And Strategies
- Multi Tandem Valve Market – Macro Economic Scenario
- Global Multi Tandem Valve Market Size and Growth
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32. Global Multi Tandem Valve Market Competitive Benchmarking
- Global Multi Tandem Valve Market Competitive Dashboard
- Key Mergers And Acquisitions In The Multi Tandem Valve Market
- Multi Tandem Valve Market Future Outlook and Potential Analysis
- Appendix
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