Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electric Valve Actuators Market by Type (Electric Ball Valve Actuator, Electric Globe Valve Actuator, Other), By Application (Buildings / Constructions, Oil & Gas Industry, Energy Power, Chemical Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electric Valve Actuators Market by Type (Electric Ball Valve Actuator, Electric Globe Valve Actuator, Other), By Application (Buildings / Constructions, Oil & Gas Industry, Energy Power, Chemical Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159071 3300 Machinery & Equipment 377 233 Pages 4.9 (43)
                                          

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.


Global Electric Valve Actuators Industry Outlook


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:

  1. Emerson
  2. Apollo Valves
  3. Bi-Torq
  4. Rotork
  5. Johnson Controls
  6. Asahi
  7. Schneider
  8. Danfoss
  9. Honeywell
  10. Samson

Global Electric Valve Actuators Market Overview


Highlights of The Electric Valve Actuators Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Electric Ball Valve Actuator
    2. Electric Globe Valve Actuator
    3. Other
  1. By Application:

    1. Buildings / Constructions
    2. Oil & Gas Industry
    3. Energy Power
    4. Chemical Industry
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Electric Valve Actuators Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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