The global industrial valves and actuators market size is expected to be worth around US$ 245.7 billion by 2030, according to a new report by Vision Research Reports.
The global industrial valves and actuators market size was valued at US$ 205.11 billion in 2020 and is anticipated to grow at a CAGR of 6.17% during forecast period 2021 to 2030.
|Market Size||US$ 245.7 Bn by 2030|
|Growth Rate||CAGR of 6.17% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, System, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA.|
Growing demand in the industrial sector, technological advancements propelling the use of smart valves and actuators, and stringent government regulations have bolstered market growth. The adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they offer in controlling temperature and pressure throughout downstream, midstream, and upstream activities. Thus, growing oil and gas exploration activities have triggered the demand for industrial valves and actuators.
Increasing global water stress, coupled with industrial wastewater disposal in aquatic ecosystems, has led to an urgent need for water reclamation. In order to curb these rising issues, demand for effective treatment equipment systems has increased, thereby opening up immense opportunities in water and wastewater industries.
By Industrial Actuator Systems Analysis
By system, the industrial actuators market is segmented into mechanical, electric, pneumatic, and hydraulic. The pneumatic actuators segment is driven by its extensive application in industries such as mining and extraction, energy and power, chemical, and oil and gas.
These industries avoid using electric actuators owing to continuous use of water and other conductive fluids on the production floor. The segment is expected to reach USD 20.60 billion by 2030.
By End-use Analysis
The oil and gas industry accounted for the majority share owing to extensive application in natural gas generation, crude oil extraction, and refining processes. Moreover, owing to increasing stringency of safety standards, around 10% of installed valves are replaced on a yearly basis.
The water and wastewater industry includes application processes such as supply of water for manufacturing purpose and treatment of wastewater generated by industries.
By Product Analysis
The ball valves segment is expected to dominate the industrial valves market over the forecast period. These are generally preferred for steam and condensate applications and hence, find extensive use across the energy and power sector.
Linear actuators are expected to dominate the market for industrial actuators, registering a CAGR of 5.19% over the forecast period. This is owing to rising need for combustion control, increased efficiency, and reduced production costs.
By Regional Analysis
Asia Pacific held the largest share in 2020, for both industrial valves and actuators. This is owing to prominent emerging economies such as China and India investing heavily in valve manufacturing to cater to the rising demand in industries such as such as water and wastewater, food and beverage, and energy and power.
In North America, U.S. dominated the market owing to strong usage scope in industries such as chemical, oil and gas, energy and power, water and wastewater, and food and beverage.
Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA.
Others (Diaphragm, Check)
Oil & Gas
Energy & Power
Water & Wastewater
Pulp & Paper
Food & Beverage
Others (manufacturing, electronics, marine, and textiles)
Middle East & Africa
United Arab Emirates (UAE)
The Industrial Valves and Actuators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Industrial Valves and Actuators market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Industrial Valves and Actuators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial Valves and Actuators market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Industrial Valves and Actuators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Industrial Valves and Actuators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Industrial Valves and Actuators by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Industrial Valves and Actuators market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Industrial Valves and Actuators market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Industrial Valves and Actuators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Industrial Valves and Actuators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Industrial Valves and Actuators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Industrial Valves and Actuators market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Industrial Valves and Actuators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Industrial Valves and Actuators market. These factors have benefited the growth of the global market for Industrial Valves and Actuators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Industrial Valves and Actuators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Industrial Valves and Actuators are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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