What is the current market size and future outlook for the multi tandem valve market?
The multi tandem valve market size has grown strongly in recent years. It will grow from $1.39 billion in 2024 to $1.46 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. 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 $1.78 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. 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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How have varous drivers impacted the growth of the multi tandem valve market?
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.
What are the primary segments of the multi tandem valve market?
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
Subsegments:
1) By Integral Multi Tandem Valve: Single Valve Configuration, Dual Valve Configuration, Multi-Stage Valve Configuration
2) By Shared Multi Tandem Valve: Common Pressure Valve, Common Flow Valve, Common Function Valve
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Which firms are leading the multi tandem valve market?
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
How will industry trends affect the trajectory of the multi tandem valve market?
Major companies operating in the multi-tandem valve market are developing innovative products, such as pressure relief valves, to reduce emissions in any system, including chemical, petrochemical, power, and oil and gas industries. The pressure relief valve is a type of safety valve designed to control or relieve overpressure levels for optimal functionality in any system. For instance, in December 2022, Emerson Electric Co., a US-based software company, released two technologies for the Crosby J-Series pressure relief valve (PRV) product line. These valves are designed to provide high-quality and dependable overpressure protection for various applications, including air, gas, steam, vapor, liquid, and two-phase applications. The J-Series valves feature innovative technologies such as Balanced Diaphragm technology, eliminating the need for bellows in pressure relief valves, leading to lower costs and improved performance.
Which geographic trends are shaping the multi tandem valve market, and which region has the highest market share?
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.
What Does The Multi Tandem Valve Market Report 2025 Offer?
The multi tandem valve market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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