Industrial Valve Actuators Market by Product (Industrial Actuators, Industrial Valves), System (Electric, Hydraulic, Mechanical), End-User - Global Forecast 2024-2030

Industrial Valve Actuators Market by Product (Industrial Actuators, Industrial Valves), System (Electric, Hydraulic, Mechanical), End-User - Global Forecast 2024-2030

The Industrial Valve Actuators Market size was estimated at USD 118.59 billion in 2023 and expected to reach USD 126.60 billion in 2024, at a CAGR 7.04% to reach USD 190.97 billion by 2030.

Industrial actuators are mechanical devices used to operate valves automatically, allowing for precise control over the flow of fluids within an industrial system without requiring direct manual intervention. An industrial valve controls the flow and pressure within a system or process. It performs various functions, including starting or stopping the flow, regulating or throttling the flow, preventing backflow, regulating pressure, and relieving pressure. These industrial valves & actuators are essential components in various industries, including water & wastewater management, oil and gas, chemical manufacturing, and power generation. Rapid industrialization in economies such as China and India propels the demand for industrial valve actuators. Expanding water & wastewater treatment projects worldwide are driving the usage of industrial valve actuators. High maintenance costs and initial investment associated with using advanced actuators hampers the adoption of industrial valve actuators. Growing development of actuators that consume less power without compromising performance and significantly lower operational costs are expected to create opportunities for the industrial valve actuators market.

Regional Insights

In the Americas, the industrial valve actuators market is driven by the elevating demand for oil & gas, chemical, and water treatment industries. North American consumers are highly focused on reliability, durability, and the integration of advanced technologies for improved control and automation capabilities. There is a growing inclination towards adopting IoT-enabled actuators for better monitoring and efficiency. Investments in shale gas exploration and renewable energy projects in the Americas are notable drivers. The Asia Pacific region is witnessing rapid industrial growth and urbanization, particularly in China, India, and Southeast Asian countries. This has led to an increased demand for industrial valve actuators, spurred by investments in water and wastewater treatment, energy and power projects, and expansions in the manufacturing sector. Consumers in this region prioritize cost-effective and energy-efficient solutions due to tight competition and environmental concerns. In Europe, stringent environmental and safety regulations drive the demand for advanced, compliant valve actuators. The emphasis is on energy efficiency, lower emissions, and adoption of smart factory principles. EU countries are leading in terms of adopting green energy initiatives and automation, influencing demand for innovative and sustainable valve actuator solutions. The Middle East, with its significant oil and gas sector, invests heavily in upgrading and expanding infrastructure, focusing on reliability and high-performance specifications. Africa, although at an early stage of industrialization, shows potential for market growth, driven by investments in infrastructure development and the mining industry.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Valve Actuators Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rapid industrialization with a growing focus on IIoT in industrial plants
Rising usage of industrial valve actuators in oil & gas industry
Growing demand for industrial valves across the healthcare and pharmaceutical industries

Market Restraints

High initial installation and maintenance cost of industrial valve actuators

Market Opportunities

Rising technological advancements in the development of industrial valve actuators
Growing investments for the development of water and wastewater treatment projects

Market Challenges

Certain technical issues with the usage of industrial valve actuators

Market Segmentation Analysis

Product: Growing usage of industrial valves to optimize industrial plant operations through enhanced valve diagnostics and analytics
End-User: High potential of industrial valve actuator across metals & mining sector which can operate in harsh and abrasive environments

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Valve Actuators Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Valve Actuators Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nihon KOSO Acquires the Valve Actuator Business of Paladon Systems S.r.l., Italy

The KOSO Group received approval from the Italian government to acquire Paladon Systems S.r.l., a manufacturer of valve actuators and control systems based in Borgonovo Val Tidone, Piacenza, Italy, strategically. This acquisition is poised to significantly bolster the KOSO Group's product offerings, enhancing its ability to meet diverse customer requirements with greater flexibility. Through this strategic move, the KOSO Group aims to fortify its competitive edge and deliver improved service offerings to its clientele.

TFC Forms JV with ITT to Manufacture Valves in India

Tecnik Fluid Controls (TFC), known for their bespoke industrial fluid control valves since 1996, entered into a significant joint venture with the US-based industrial conglomerate, ITT Industries. The venture aims to leverage TFC's deep-rooted expertise and ITT's advanced technology for the localized production of industrial valves specifically tailored for the pharmaceutical industry. Together, TFC and ITT are set to redefine industry standards, demonstrating a strong commitment to quality and innovation in the biotech sector.

ValvTechnologies Launches New Addition to its V Series

ValvTechnologies announced the introduction of the V1-R, the newest advancement in our acclaimed V Series of valves. The V1-R builds on this legacy, ushering in a new era of maintenance ease that is both cost-effective and user-friendly. According to Chad Bowers, President of ValvTechnologies, the V1-R is a reflection of the company's ongoing commitment to innovation and its dedication to fulfilling the ever-evolving needs of customers. This design ensures the safety and productivity of operations and solidifies the V1-R's position as a pinnacle of isolation valve technology, backed by a Zero-Leakage guarantee, aligning with the company's mission to enhance operational efficiency and reduce total ownership costs.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Valve Actuators Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial Valve Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Baker Hughes Company, Bonomi Industries Srl, Christian Bürkert GmbH & Co. KG, Cowan Dynamics Inc., Curtiss-Wright Corporation, Danfoss A/S, Eaton Corporation PLC, Emerson Electric Co., Festo Inc., Flowserve Corporation, General Electric Company, GWC Italia SpA, Honeywell International, Inc., Johnson Controls International PLC, Moog Inc., Parker Hannifin Corporation, Pentair PLC, Petrolvalves S.p.A., Rotork PLC, Schlumberger Limited, Schneider Electric SE, Siemens AG, SMC Corporation, Valvitalia S.p.A., WAMGROUP S.p.A., and Watts Water Technologies, Inc..

Market Segmentation & Coverage

This research report categorizes the Industrial Valve Actuators Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Industrial Actuators
Linear
Rotary
Industrial Valves
Ball
Butterfly
Gate
Globe
Plug
Safety
System
Electric
Hydraulic
Mechanical
Pneumatic
End-User
Automotive
Chemicals
Construction
Energy & Power
Food & Beverages
Metals & Mining
Pharmaceuticals
Pulp & Paper
Water & Wastewater Treatment
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year