Global Industrial Valves and Actuators Market Size study & Forecast, by Product (Industrial Valves {Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Safety Valve, Plug Valve, Others (Diaphragm, Check)}, Industrial Actuators {Linear Actuator, Rotary A

Global Industrial Valves and Actuators Market Size study & Forecast, by Product (Industrial Valves {Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Safety Valve, Plug Valve, Others (Diaphragm, Check)}, Industrial Actuators {Linear Actuator, Rotary Actuator}), By System (Mechanical Actuator, Electric Actuator, Pneumatic Actuator, Hydraulic Actuator), By End-use (Oil & Gas, Chemical, Energy & Power, Water & Wastewater, Pulp & Paper, Food & Beverage, Others), and Regional Analysis, 2023-2030

Global Industrial Valves and Actuators Market is valued approximately at USD 123.63 billion in 2022 and is anticipated to grow with a growth rate of more than 4.14% over the forecast period 2023-2030. Industrial valves and actuators are devices that control the flow of fluids in industrial applications. Valves are used to open, close, or partially obstruct the flow of fluids, while actuators are used to move the valves. There are many different types of industrial valves and actuators, each designed for a specific application. The surging demand from various end-use industries, growing focus on safety and reliability, stringent government regulations, coupled with high demand from various industrial applications are the key factors that are impelling the market growth across the globe.

Additionally, the growing trend of industrial automation is acting as a catalyzing factor for market growth during the estimated period. Automation and process control systems are becoming increasingly prevalent in industrial processes to enhance productivity, efficiency, and safety. Valves and actuators play a crucial role in automating and controlling various industrial operations, leading to increased demand. According to Statista, in 2020, the industrial automation market accounted for USD 175 billion, which is anticipated to reach USD 265 billion by the year 2025. Thus, these aforementioned factors are propelling the growth of the Industrial Valves and Actuators Market at a considerable rate. Moreover, the surge adoption of novel technologies, as well as increasing focus on developing valves and actuators for harsh environments present various lucrative opportunities over the forecast years. However, the fluctuating raw material prices and environmental concerns are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Industrial Valves and Actuators Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing focus on safety and reliability, rising technological advancements, and growing applications in range of industries. Whereas, Asia Pacific is the fastest growing region over the forecast years. The growing industrialization, increasing industrial automation in emerging economies, as well as stringent government regulations are significantly propelling the market demand across the region.

Major market players included in this report are:
ABB Ltd.
Alfa Laval
AVK Holding A/S
Camtech Manufacturing FZCO
Curtiss-Wright Corporation
Delta Pacific Supplies, Inc.
Eaton Corporation
Emerson Electric Co.
Festo AG & Co. KG
Flowserve Corporation

Recent Developments in the Market:
In December 2022, Emerson announced the launch of the ASCO Series 209 proportional flow control valves, which present the highest standards of pressure ratings, precision, flow characteristics, and energy efficiency that are available in a purpose-built, compact architecture. Series 209 valves enables users to accurately regulate the flow of fluid in multiple devices with this combination of size and performance, which necessitates better performance that are found in the medical equipment, food and beverage, and heating, ventilation and air conditioning (HVAC) industries.

Global Industrial Valves and Actuators Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, System, End-use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Industrial Valves
Gate Valve
Globe Valve
Ball Valve
Butterfly Valve
Safety Valve
Plug Valve
Others (Diaphragm, Check)
Industrial Actuators
Linear Actuator
Rotary Actuator

By System:
Mechanical Actuator
Electric Actuator
Pneumatic Actuator
Hydraulic Actuator
By End-use:
Oil & Gas
Chemical
Energy & Power
Water & Wastewater
Pulp & Paper
Food & Beverage
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa


Companies
ABB Ltd.
Alfa Laval
AVK Holding A/S
Camtech Manufacturing FZCO
Curtiss-Wright Corporation
Delta Pacific Supplies, Inc.
Eaton Corporation
Emerson Electric Co.
Festo AG & Co. KG
Flowserve Corporation

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.