Valve Remote Control System Market Analysis

The Global Valve Remote Control System Market is projected to grow from 7.56 USD Billion in 2024 to 11.9 USD Billion by 2035.

Honeywell (US), Emerson (US), Wartsila (Finland), KSB (Germany), Nordic Group (Singapore), Danuni Marine (Denmark), Rotork (UK), Cyclotech (Singapore), Scana (Norway)

February 2024

HIMA Group, a German safety automation provider, purchased Norwegian technology startup Origo Solutions. The agreement took effect on 31 January after being signed on 8 January.

Both firms want to build and extend their process sector and renewable energy solutions with this deal. HIMA's "Safety goes digital" campaign emphasizes practical safety digitalization.

Steffen Philipp, Shareholder HIMA Group, said the purchase of Origo Solutions is a key step in HIMA's worldwide growth and offers up new commercial potential for both companies.

Origo Solutions was owned by Moreld AS (60.1%) and Aker Capital AS (39.9%), a major industrial interdisciplinary engineering business serving the offshore energy and marine sectors. Origo Solutions has grown significantly with customers and business partners over many years. Moreld is glad that HIMA will continue Origo Solutions' growth, expanding on their longstanding cooperation. Jan Erik Rugland, Executive Vice President Moreld Group and departing Origo Solutions chairman, stated, “We are confident that this combination will benefit both customers and employees”.

In safety, automation, and instrumented systems for offshore and onshore facilities and comprehensive SCADA systems for the wind sector, Origo Solutions is a market leader. Origo Solutions has represented HIMA exclusively in Norway for over 20 years. "Origo Solutions and HIMA will strengthen our position in Scandinavia and open new renewables opportunities globally by joining forces," said HIMA Group CEO Jörg de la Motte.

The Norwegian business will handle sales and servicing in Sweden and Denmark as Scandinavia's regional headquarters. Existing Origo Solutions clients will get access to HIMA's worldwide sales, engineering, and partner network and more applications. Norway will service HIMA clients in Sweden and Denmark, improving efficiency.

HIMA will maintain management continuity with Bjørn-Tore Lenes as CEO and Glenn Kjetil Nystøl as CFO leading Origo Solutions. The 100 employees in Kristiansand (headquarters), Stavanger, and Arendal will stay, and more are planned. The firm will remain "Origo Solutions" with "A HIMA Company" added.

Scope of the Valve Remote Control System Market Report

Type Outlook

• Hydraulic
• Pneumatic
• Electric
• Electro-Hydraulic

Valve Type Outlook

• Ball
• Globe
• Butterfly
• Gate
• Diaphragm
• Plug
• Check
• Safety

Application Outlook

• Marine
• Offshore
• Others

Region Outlook

• North America
• US
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Australia and New Zealand
• Rest of Asia-Pacific
• Rest of the World
• South America
• Middle East
• Africa

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

• Valve Remote Control System Market Forecast & Size:

To identify and estimate the market size for the valve remote control system market report segmented by type, valve type, and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers valve remote control system market forecast between 2022 and 2030

• Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges in the valve remote control system market growth (Profitability, Benchmarking, Volume, Value, Macro-Economic Factors, Y-o-Y Growth Analysis)

• Market Influencing Factors:

To find out the factors which are affecting the valve remote control system market size among consumers (Gross Margin, Sales Footprint, Strategy, Channels, Economic Outlook, Growth Projections)

• Impact of COVID-19:

To identify and understand the various factors involved in the market affected by the pandemic

• Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

• Valve remote-control system producers
• Raw material suppliers
• Retailers, wholesalers, and distributors
• Governments, associations, and industrial bodies
• Investors and traders
• Manufacturers