Industrial Valve Actuators

Industrial Valve Actuators

Global Industrial Valve Actuators Market to Reach US$94.3 Billion by 2030

The global market for Industrial Valve Actuators estimated at US$68.7 Billion in the year 2023, is expected to reach US$94.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Industrial Quarter-Turn Valves, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$37.8 Billion by the end of the analysis period. Growth in the Multi-Turn Valves segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$18.1 Billion While China is Forecast to Grow at 7.1% CAGR

The Industrial Valve Actuators market in the U.S. is estimated at US$18.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.5 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Industrial Valve Actuators Market - Key Trends & Drivers Summarized

How Are Technological Innovations Shaping Industrial Valve Actuators?

Technological advancements have significantly transformed industrial valve actuators, enhancing their precision, reliability, and adaptability across various applications. One major innovation is the integration of smart technologies and IoT, which enable real-time monitoring and control of valve positions and operations. These smart actuators can communicate with centralized control systems, allowing for predictive maintenance and immediate adjustments to optimize performance and reduce downtime. Advances in materials science have led to the development of more durable and corrosion-resistant actuators that can withstand harsh industrial environments. Additionally, the incorporation of electric and electro-hydraulic actuation technologies has improved the energy efficiency and responsiveness of valve actuators, providing better control over fluid flow and pressure. These technological enhancements are driving the adoption of advanced valve actuators in industries ranging from oil and gas to water treatment and manufacturing.

In What Ways Are Industrial Valve Actuators Expanding Their Market Reach?

The market reach of industrial valve actuators is expanding rapidly across multiple sectors due to their critical role in regulating fluid flow and maintaining system safety and efficiency. In the oil and gas industry, valve actuators are essential for controlling the flow of hydrocarbons in pipelines and processing plants, ensuring safe and efficient operations. The water and wastewater treatment industry relies on valve actuators to regulate the flow of water through treatment plants, maintaining precise control over filtration and chemical dosing processes. In the power generation sector, valve actuators play a vital role in managing steam and coolant flows, contributing to the efficiency and safety of power plants. The chemical and petrochemical industries use valve actuators to handle corrosive and hazardous fluids, ensuring reliable control and containment. Additionally, the food and beverage industry employs valve actuators for accurate dosing and flow control in processing lines, ensuring product quality and consistency. The expanding application of valve actuators across diverse industries underscores their importance in modern industrial operations.

What Emerging Trends Are Influencing The Industrial Valve Actuators Market?

Several emerging trends are shaping the industrial valve actuators market, reflecting the evolving demands and technological advancements in this field. One significant trend is the increasing adoption of smart valve actuators equipped with IoT capabilities. These actuators enable remote monitoring and control, providing real-time data and diagnostics that enhance operational efficiency and predictive maintenance. The focus on sustainability and energy efficiency is driving the development of electric actuators that consume less energy compared to traditional pneumatic or hydraulic systems. The trend towards automation and digitalization in industrial processes is also propelling the demand for more advanced and integrated valve actuator solutions. Another notable trend is the customization of actuators to meet specific industry requirements, offering tailored solutions that enhance performance and reliability. These trends indicate a market that is continuously innovating to meet the changing needs and expectations of various industries.

What Drives The Growth In The Industrial Valve Actuators Market?

The growth in the industrial valve actuators market is driven by several factors. The increasing need for precise and reliable control of fluid flow in various industrial processes is a primary driver, as valve actuators provide essential functionality that enhances operational efficiency and safety. Technological advancements, such as the integration of smart technologies and the development of more durable materials, have significantly improved the performance and reliability of valve actuators, encouraging their widespread adoption. The expansion of end-use industries, including oil and gas, water treatment, power generation, chemical processing, and food and beverage, is fueling the demand for robust and high-performance valve actuators. Additionally, the growing focus on sustainability and energy efficiency is propelling the market forward, as industries seek to reduce energy consumption and environmental impact. The trend towards automation and digitalization in industrial operations further supports the broader adoption of advanced valve actuators. As industries continue to prioritize efficiency, reliability, and sustainability, the demand for innovative industrial valve actuators is expected to grow significantly.

Select Competitors (Total 18 Featured) -

• ABB Ltd.
• Curtiss-Wright Corporation
• Danfoss AS
• Emerson Electric Co.
• Flowserve Corporation
• General Electric Co.
• Honeywell International, Inc.
• Johnson Controls International Plc
• Rotork Plc
• Schneider Electric SE
• WAMGROUP spa

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.