Actuators & Valves Market Size, Industry Analysis Report, By Type (Actuators (Manual, Hydraulic, Pneumatic, Electric), Valves (Ball Valve, Butterfly Valve, Diaphragm Valve, Globe Valve, Gate Valve)), By End-use Industry (Oil & Gas, Chemical, Mining, Pharmaceutical, Paper & Pulp), Regional Outlook (U.S., Canada, Germany, UK, Italy, Russia, China, India, Japan, Australia, South Korea, ASEAN, Argentina, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Zimbabwe), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Created On: Aug-2018
Report ID: IR160
Format: PDF

An actuator is a piece of equipment which is responsible for the movement and controlling a system. It is usually referred to as a mover, as it regulates the movement of other components. It operates through a mechanism by a control system which acts on outer environment. The control system incorporated with the actuators can be a simple (an electronic or fixed mechanical), or it might be software-based, manual system, or any input.

A valve is a component which regulates, the flow of fluid by obstructing fluid passages. Technically, the valves are referred to as fittings which find applications in all kinds of fluid passages.

Valves & Actuators serve a wide range of industrial applications, where the fluid flow control is required. Growing industrial automation activities across various developing and developed economies have increased the need for actuators and valves. End-use industries such as oil & gas, pharmaceutical, and chemical are some of the major end-use industries which primarily require actuators and valves. Rising manufacturing sector will further assist the growth of actuators and valves market majorly in the developing economies of the Asia Pacific and Europe, such as China, India, Spain, Italy, France respectively. Moreover, rising oil & gas exploration and refining activities in the North America region will give a further boost to the global actuators and valves market over the projected period.

Actuators and valves find significant use in water treatment applications. Rapidly increasing demand for wastewater treatment has further created an additional need for actuators and valves over the previous years. The huge growth in the population globally has escalated the demand for wastewater recycling. Though many developed countries have a well-established infrastructure for water treatment, there is a lack of proper infrastructure in the developing economies which will create an additional product demand from these countries over the forecast years.

Valve manufacturers don’t follow a unique standard at the time of manufacturing, due to the unavailability of standard certifications and policies. Moreover, this market is further restrained by the lack of product differentiation by various manufacturers.

By type, the actuators market has been segmented into manual, hydraulic, pneumatic, electric, and others. Among all, the pneumatic actuators segment is predicted to hold the major market share throughout the forecast period. This is majorly due to the sustainability of pneumatic actuators in overload pressure conditions, coupled with the product’s high efficiency in fluid power applications. The valves market has been segmented by type into ball valve, butterfly valve, diaphragm valve, globe valve, gate valve, and others. Globe and ball valves are projected to have the highest market share till the end of the forecast period, attributed to their applications in fluid flows at high temperature and pressure. Due to their advantages, these valves find applications majorly in end-use industries such as oil & gas, pharmaceutical, and chemical.

Based on the end-use industry, the actuators and valves market has been segmented into oil & gas, chemical, mining, pharmaceutical, paper & pulp, and others. Actuators and valves market for oil & gas and chemical end-use industries are predicted to have the dominant shares throughout the projected period. Increasing production of chemical compounds, and materials, coupled with rising refinery processes will significantly accelerate the growth of actuators and valves market.

Asia Pacific actuators and valves market held the largest share of the overall market in 2017. This can be primarily attributed to the growing demand from the oil & gas, and chemical industry verticals. China, India, Indonesia, Malaysia, and Thailand. Rising refining activities in these countries are positively impacting the market growth in this region.

Some of the prominent players in the global actuators and valves market include    Honeywell International Inc., Rotork plc., Flowserve Corporation, Emerson Electric Co., AVK Holdings A/S, Schlumberger Limited, Kitz Corporation, and Tyco International Ltd. among others.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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