Market Overview:
The global electric valve actuators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric valve actuators market can be attributed to the increasing demand for energy-efficient and automated systems across various industries. Additionally, the growing demand for electric ball valves and globe valves in oil & gas and chemical industries is also contributing to the growth of this market. Based on type, the global electric valve actuators market can be segmented into electric ball valve actuator, electric globe valve actuator, and other types. The other type segment includes linear motion valves (LMVs) and pneumatic actuated valves (PAVs). Electric ball Valve Actuators are expected to account for a major share of this market during the forecast period owing to their high efficiency and low maintenance requirements as compared with other types of valves. Based on application, buildings / constructions sector is estimated to account for a major share of this market during 2018-2030 followed by oil & gas industry sector.
Product Definition:
Electric valve actuators are devices that use electric power to open and close valves. They are often used in industrial applications where precise control of the flow of liquids or gases is required. Electric valve actuators can be used to control the flow of many different types of fluids, including water, oil, gas, and steam.
Electric Ball Valve Actuator:
Electric ball valve actuator is a device that controls flow of liquid or gas through a valve. It works on the principle of simple leverage where weight of one end of the lever causes to act as a trigger and opens the valve. The electric ball valves are used in various industries such as chemical, oil & gas, food & beverage processing and pharmaceuticals among others for handling hazardous fluids with ease. They are also used in household applications such as water supply systems and swimming pools among others.
Electric Globe Valve Actuator:
Electric globe valve actuator is a device that controls the flow of fluid by opening and closing a valve. It is used in electric valve actuators which are further used to control the flow of fluids such as gases, liquids, or fluids with viscosity. The most commonly used valves in an industrial setting are ball valves and globe valves.
Application Insights:
The buildings and constructions application segment accounted for the largest market share in 2017. This is attributed to the rising demand for valves in residential, commercial and industrial applications. Electric actuators are used in various settings including water supply & drainage systems, sewage treatment plants, hydropower generation stations, natural gas processing plants and oil & gas industry among others.
In hydropower generation stations they are used as a part of a larger system that includes hydraulic motors or turbines along with other components such as pipes that carry hydraulic fluid at high pressure. The valves ensure smooth flow of electricity generated by the station without overloading or tripping due to restrictions on electricity output from generators owing to voltage limitations across transmission lines between generating stations.
Regional Analysis:
North America held the largest market share in 2017. The region is expected to witness a growth rate of 4.2% over the forecast period, owing to increasing demand for energy and power in various applications along with growing oil & gas industry. In addition, presence of numerous valve manufacturers coupled with stringent regulations by U.S.
Asia Pacific is expected to register significant growth rate during the forecast period on account of rapid industrialization and urbanization taking place in emerging economies such as China and India which are major consumers of actuators such as ball valves and globe valves among others for their water supply & sanitation systems, buildings/ constructions, food processing units among others).
Growth Factors:
- Increasing demand for electric valve actuators in the oil and gas industry as a result of the rise in exploration and production activities
- Growing popularity of electric valve actuators in power generation plants owing to their ability to improve operational efficiency
- Rising demand for electric valve actuators from process industries due to the increasing adoption of automation across various sectors
- Proliferation of smart grid infrastructure worldwide that is boosting the uptake of intelligent electric valves and actuation systems
- Technological advancements leading to development of more energy-efficient and reliable electric valve actuators
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Valve Actuators Market Research Report
By Type
Electric Ball Valve Actuator, Electric Globe Valve Actuator, Other
By Application
Buildings / Constructions, Oil & Gas Industry, Energy Power, Chemical Industry, Others
By Companies
Emerson, Apollo Valves, Bi-Torq, Rotork, Johnson Controls, Asahi, Schneider, Danfoss, Honeywell, Samson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Electric Valve Actuators Market Report Segments:
The global Electric Valve Actuators market is segmented on the basis of:
Types
Electric Ball Valve Actuator, Electric Globe Valve Actuator, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Buildings / Constructions, Oil & Gas Industry, Energy Power, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Apollo Valves
- Bi-Torq
- Rotork
- Johnson Controls
- Asahi
- Schneider
- Danfoss
- Honeywell
- Samson
Highlights of The Electric Valve Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Ball Valve Actuator
- Electric Globe Valve Actuator
- Other
- By Application:
- Buildings / Constructions
- Oil & Gas Industry
- Energy Power
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Valve Actuators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric valve actuators are devices that use an electric motor to open and close valves. They are used in a variety of applications, including industrial processes, water treatment systems, and gas pipelines.
Some of the major companies in the electric valve actuators market are Emerson, Apollo Valves, Bi-Torq, Rotork, Johnson Controls, Asahi, Schneider, Danfoss, Honeywell, Samson.
The electric valve actuators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Valve Actuators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Valve Actuators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Valve Actuators Market - Supply Chain
4.5. Global Electric Valve Actuators Market Forecast
4.5.1. Electric Valve Actuators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Valve Actuators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Valve Actuators Market Absolute $ Opportunity
5. Global Electric Valve Actuators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Valve Actuators Market Size and Volume Forecast by Type
5.3.1. Electric Ball Valve Actuator
5.3.2. Electric Globe Valve Actuator
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Valve Actuators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Valve Actuators Market Size and Volume Forecast by Application
6.3.1. Buildings / Constructions
6.3.2. Oil & Gas Industry
6.3.3. Energy Power
6.3.4. Chemical Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Valve Actuators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Valve Actuators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Valve Actuators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Valve Actuators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Valve Actuators Demand Share Forecast, 2019-2026
9. North America Electric Valve Actuators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Valve Actuators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Valve Actuators Market Size and Volume Forecast by Application
9.4.1. Buildings / Constructions
9.4.2. Oil & Gas Industry
9.4.3. Energy Power
9.4.4. Chemical Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Valve Actuators Market Size and Volume Forecast by Type
9.7.1. Electric Ball Valve Actuator
9.7.2. Electric Globe Valve Actuator
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Valve Actuators Demand Share Forecast, 2019-2026
10. Latin America Electric Valve Actuators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Valve Actuators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Valve Actuators Market Size and Volume Forecast by Application
10.4.1. Buildings / Constructions
10.4.2. Oil & Gas Industry
10.4.3. Energy Power
10.4.4. Chemical Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Valve Actuators Market Size and Volume Forecast by Type
10.7.1. Electric Ball Valve Actuator
10.7.2. Electric Globe Valve Actuator
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Valve Actuators Demand Share Forecast, 2019-2026
11. Europe Electric Valve Actuators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Valve Actuators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Valve Actuators Market Size and Volume Forecast by Application
11.4.1. Buildings / Constructions
11.4.2. Oil & Gas Industry
11.4.3. Energy Power
11.4.4. Chemical Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Valve Actuators Market Size and Volume Forecast by Type
11.7.1. Electric Ball Valve Actuato
11.7.2. Electric Globe Valve Actuator
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Valve Actuators Demand Share, 2019-2026
12. Asia Pacific Electric Valve Actuators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Valve Actuators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Valve Actuators Market Size and Volume Forecast by Application
12.4.1. Buildings / Constructions
12.4.2. Oil & Gas Industry
12.4.3. Energy Power
12.4.4. Chemical Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Valve Actuators Market Size and Volume Forecast by Type
12.7.1. Electric Ball Valve Actuator
12.7.2. Electric Globe Valve Actuator
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Valve Actuators Demand Share, 2019-2026
13. Middle East & Africa Electric Valve Actuators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Valve Actuators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Valve Actuators Market Size and Volume Forecast by Application
13.4.1. Buildings / Constructions
13.4.2. Oil & Gas Industry
13.4.3. Energy Power
13.4.4. Chemical Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Valve Actuators Market Size and Volume Forecast by Type
13.7.1. Electric Ball Valve Actuator
13.7.2. Electric Globe Valve Actuator
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Valve Actuators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Valve Actuators Market: Market Share Analysis
14.2. Electric Valve Actuators Distributors and Customers
14.3. Electric Valve Actuators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Apollo Valves
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bi-Torq
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rotork
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Controls
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Asahi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schneider
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Danfoss
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Samson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
