Growing Need for Remote Monitoring and Control Systems in Industrial Process to Drive Germany IoT Valves Market
Germany is witnessing huge growth in the manufacturing industry with a high demand for automation and process optimization solutions. Remote monitoring facilitates technician to visualize a real-time manufacturing process by reading data from sensors installed across the facility. These sensors provide information about procedure variables and can be integrated in industry to receive detailed manufacturing insights, which include alarm management that activates an alarm if the process faces abnormal conditions. Thus, various players across Germany are providing solutions that allow remote monitoring and control of equipment for industrial settings; for example, HBC-radiomatic provides remote controls for construction and industrial equipment in Germany.
The rising demand for IoT-embedded equipment, including IoT valves, is fulfilled owing to a large presence of remote monitoring system providers. IoT valves seamlessly integrate into existing industrial automation systems, which boosts the adoption of intelligent valve control systems among factories and other industrial facilities. Intelligent valves use IoT to enable real-time data monitoring and analysis, remote operation, and predictive maintenance. This minimizes downtime, increases efficiency, and boosts overall productivity. IoT valves can be controlled remotely and have a web-based interface, which helps monitor the performance and control the system even in distant places. Thus, the growing need for remote monitoring and control systems in industrial processes fuels the Germany IoT valve market growth. Thus, rising concerns over vehicle and road safety drives the Germany IoT valves market growth.
Germany IoT Valves Market: Industry Overview
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 of which the wired segment held the largest Germany IoT valves market share in 2022. By type, the market is segmented into pressure independent control valves (PICV), regular valves, and energy valves of which the pressure independent control valves (PICV) segment held the largest Germany IoT valves market share in 2022. In terms of end user, the market is segmented into industrial, commercial, and residential of which the industrial segment expected to dominate the market during the forecast period. The report includes growth prospects owing to the current Germany IoT valves market trends and their foreseeable impact during the forecast period.
The German government aims to utilize the enormous potential of Industry 4.0 to strengthen the country’s manufacturing base. Industry 4.0 is a central focus of the Federal Government’s Digital Agenda. In the two funding programs entitled “Autonomics for Industry 4.0” and “Smart Service World,” the Ministry for Economic Affairs and Climate Action provided approximately US$ 108.9 million to foster research and innovation in the field of Industry 4.0 as of 2020. Industry 4.0 utilizes technologies such as the Industrial Internet of Things (IIoT), cloud connectivity, and AI to integrate various components and sensors with industrial equipment for smooth operations. Moreover, “Mittelstand 4.0 Centre of Excellence” in Germany receives funding from the Federal Ministry for Economic Affairs and Climate Action; the Centre of Excellence for the “Digitalization of Skilled Crafts” helps German SMEs become more aware of Industry 4.0 and provides them training, information, and opportunities to test the Industry 4.0. IoT valves are an integral part of Industry 4.0. These valves have the capability to monitor valve performance and communicate with other machines during the smart manufacturing process. Thus, the rising adoption of Industry 4.0 across industries is anticipated to create demand for IoT valves in the coming years.
Germany IoT Valves Market: Competitive Landscape and Key Developments
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 Germany IoT valves 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 report provides detailed market insights. The Germany IoT valves market forecast can help stakeholders plan their growth strategies. A few developments are mentioned below:
- In January 2024, Idox announced that the Fylde Council chose Idox Cloud for public protection to support more efficient and streamlined management of its environmental, housing, and waste services. Idox Cloud for Public Protection is a suite of secure, cloud-based solutions that support efficient inspection and enforcement of public health and environmental standards. The software delivers end-to-end integration and automation of processes, driving efficient case management for a better customer experience.
- In November 2022, IMI plc acquired Heatmiser UK Ltd. for an enterprise value of US $119.5m, with up to a further US $ 8.6 m based on Heatmiser’s future financial performance. Heatmiser became part of IMI Hydronic Engineering (“IMI Hydronic”).
- In January 2020, The Klinger Holding GmbH has 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 also include new connectivity options for Carrier’s smart field devices. ComfortVu operator interfaces can now be connected to the IP port, and i-Vu smart valves can be connected to a new Act Net port.