Market Overview:
The global industrial valve actuators market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial valves from various end-use industries, such as oil and gas, chemical and petrochemicals, power industry, water and wastewater treatment, metal and mining, food processing, and others. In addition, the growing adoption of electric actuators is also contributing to the growth of this market.
Product Definition:
The industrial valve actuators are the devices that help in controlling the valves. They are used for regulating and controlling the flow of fluids through pipelines.
Electric Actuators:
Electric actuators are used in valve actuation systems and are gaining importance as they offer several advantages over pneumatic actuators including high speed, low noise & vibration, efficient power usage, and the ability to perform under adverse conditions.
Pneumatic Actuators:
Pneumatic actuators are used in valve actuation systems to control the flow of fluids through valves. They are widely used in industries such as oil & gas, chemical, and water treatment plants. The demand for pneumatic actuators is expected to witness growth over the forecast period owing to their ability of controlling pressure and providing safety against bursting or overpressure.
Application Insights:
The oil and gas industry dominated the global market in terms of actuators consumption. The segment accounted for a revenue share of over 30% in 2017. The growth can be attributed to the rising demand for onshore and offshore drilling activities across the globe. Moreover, technological advancements coupled with growing exploration activities are expected to drive product demand over the forecast period.
Increasing investments by foreign players in shale gas reserves are expected to drive product demand from 2018 to 2030 as hydraulic fracturing is carried out more frequently using high-performance technology valves driven actuators that offer smooth flowability and durability at relatively low cost than other types of valves do.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are among the largest consumers of valves on account of their large-scale manufacturing activities. Moreover, they have been witnessing strong economic growth since past few years owing to rapid industrialization and urbanization resulting in increased construction activities for water supply and sanitation infrastructure. This factor is also likely to contribute toward regional growth over the next eight years.
The Middle East & Africa region accounted for a significant share due to increasing demand from oil & gas industry in this region as well as across other industries due valve’s ability of performing multiple functions at once such as actuating two or more stages of a pump or actuator with different characteristics (speed/torque).
Growth Factors:
- Increasing demand from the oil and gas industry for advanced valve actuators for efficient control of valves in upstream, midstream, and downstream applications
- Rising investments in infrastructure development projects worldwide
- Growing adoption of industrial valve actuators across various process industries for controlling critical valves accurately and reliably
- Proliferation of smart factories with Internet-of-Things (IoT) capabilities that require advanced valve actuators for data collection and analysis
- Technological advancements in industrial valve actuator designs that offer enhanced performance, reliability, and safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Valve Actuators Market Research Report
By Type
Electric Actuators, Pneumatic Actuators, Hydraulic Actuators, Mechanical Actuators
By Application
Oil and Gas, Chemical and Petrochemicals, Power Industry, Water and Wastewater, Metal and Mining, Food Processing, Others
By Companies
Emerson Electric, Flowserve, Honeywell, Rotork, Weir, Emerson Electric
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Valve Actuators Market Report Segments:
The global Industrial Valve Actuators market is segmented on the basis of:
Types
Electric Actuators, Pneumatic Actuators, Hydraulic Actuators, Mechanical Actuators
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
Oil and Gas, Chemical and Petrochemicals, Power Industry, Water and Wastewater, Metal and Mining, Food Processing, 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 Electric
- Flowserve
- Honeywell
- Rotork
- Weir
- Emerson Electric
Highlights of The Industrial 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 Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- Mechanical Actuators
- By Application:
- Oil and Gas
- Chemical and Petrochemicals
- Power Industry
- Water and Wastewater
- Metal and Mining
- Food Processing
- 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 Industrial 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Industrial valve actuators are used in a variety of industrial and commercial applications. These actuators can be found in a variety of industries, including oil and gas, chemical, food processing, water treatment and pulp and paper. They are also used in transportation systems, such as pipelines and trains.
Some of the major players in the industrial valve actuators market are Emerson Electric, Flowserve, Honeywell, Rotork, Weir, Emerson Electric.
The industrial valve actuators market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Valve Actuators Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Valve Actuators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Valve Actuators Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Valve Actuators Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Valve Actuators Market Size & Forecast, 2018-2028 4.5.1 Industrial Valve Actuators Market Size and Y-o-Y Growth 4.5.2 Industrial Valve Actuators Market Absolute $ Opportunity
Chapter 5 Global Industrial Valve Actuators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Valve Actuators Market Size Forecast by Type
5.2.1 Electric Actuators
5.2.2 Pneumatic Actuators
5.2.3 Hydraulic Actuators
5.2.4 Mechanical Actuators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Valve Actuators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Valve Actuators Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical and Petrochemicals
6.2.3 Power Industry
6.2.4 Water and Wastewater
6.2.5 Metal and Mining
6.2.6 Food Processing
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Valve Actuators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Valve Actuators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Valve Actuators Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Valve Actuators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Valve Actuators Market Size Forecast by Type
9.6.1 Electric Actuators
9.6.2 Pneumatic Actuators
9.6.3 Hydraulic Actuators
9.6.4 Mechanical Actuators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Valve Actuators Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical and Petrochemicals
9.10.3 Power Industry
9.10.4 Water and Wastewater
9.10.5 Metal and Mining
9.10.6 Food Processing
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Valve Actuators Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Valve Actuators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Valve Actuators Market Size Forecast by Type
10.6.1 Electric Actuators
10.6.2 Pneumatic Actuators
10.6.3 Hydraulic Actuators
10.6.4 Mechanical Actuators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Valve Actuators Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical and Petrochemicals
10.10.3 Power Industry
10.10.4 Water and Wastewater
10.10.5 Metal and Mining
10.10.6 Food Processing
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Valve Actuators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Valve Actuators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Valve Actuators Market Size Forecast by Type
11.6.1 Electric Actuators
11.6.2 Pneumatic Actuators
11.6.3 Hydraulic Actuators
11.6.4 Mechanical Actuators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Valve Actuators Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical and Petrochemicals
11.10.3 Power Industry
11.10.4 Water and Wastewater
11.10.5 Metal and Mining
11.10.6 Food Processing
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Valve Actuators Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Valve Actuators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Valve Actuators Market Size Forecast by Type
12.6.1 Electric Actuators
12.6.2 Pneumatic Actuators
12.6.3 Hydraulic Actuators
12.6.4 Mechanical Actuators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Valve Actuators Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical and Petrochemicals
12.10.3 Power Industry
12.10.4 Water and Wastewater
12.10.5 Metal and Mining
12.10.6 Food Processing
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Valve Actuators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Valve Actuators Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Valve Actuators Market Size Forecast by Type
13.6.1 Electric Actuators
13.6.2 Pneumatic Actuators
13.6.3 Hydraulic Actuators
13.6.4 Mechanical Actuators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Valve Actuators Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical and Petrochemicals
13.10.3 Power Industry
13.10.4 Water and Wastewater
13.10.5 Metal and Mining
13.10.6 Food Processing
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Valve Actuators Market: Competitive Dashboard
14.2 Global Industrial Valve Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 Flowserve
14.3.3 Honeywell
14.3.4 Rotork
14.3.5 Weir
14.3.6 Emerson Electric