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Middle East & Africa Valve Actuator Market Forecast to 2031 - Regional Analysis - by End User and Product Type

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    Report

  • 100 Pages
  • October 2024
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 6026518
UP TO OFF until Dec 31st 2024
The Middle East & Africa valve actuator market was valued at US$ 796.91 million in 2023 and is expected to reach US$ 1.04 billion by 2031; it is estimated to register a CAGR of 3.5% from 2023 to 2031.

Miniature Actuators Bolster Middle East & Africa Valve Actuator Market

The miniaturization of electronic components and systems plays an important role in the electronics industry. It helps reduce the size of the electronic components used in several applications, such as consumer electronics, healthcare, and automotive. In addition, it helps save space for the incorporation of more technologies or reduce the overall size of the electronic device. For example, the reduced size of batteries helps in powering computer miniaturizations. Moreover, miniaturization helps save the cost of the overall material used in the products or components, which can reduce the overall cost of components and devices.

Thus, the miniaturization of the actuators will play a crucial role in integration with the miniatured electronic systems. Market players are engaged in innovating valve actuators. For example, in February 2021, Siemens announced its latest range of actuators for valves, which provide low-noise operation for automation use. The SSA range of actuators by Siemens was designed for small valve systems (such as central heating controls and water flow). The actuators include IP54 protection for more flexible installation. The actuators have an integrated LED display for status indication, and they utilize feedback signals to the controlling device to create a closed-loop design.

According to Bennett University's blog in May 2022, micro-electromechanical systems (MEMS) will use actuators to combine mechanical and electrical components in micrometer or millimeter-sized integrated devices or systems. These devices or systems can sense physical stimulus, control a process or system and actuate or drive micro or mega-scale devices. In addition, with the integration of IoT, many sensors and actuators are required for constant monitoring of these devices. Hence, there will be a large requirement for small, low-powered, wireless sensors and smart actuators in the upcoming years, which will drive the valve actuator market during the forecast period.

Middle East & Africa Valve Actuator Market Overview

The Middle East & Africa valve actuator market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Countries in this region invested heavily in the mobilization of their water resources to address severe water scarcity issues. Many water treatment plants are operational in Cape Town, Morocco, and Egypt, among others. Various players are providing valve actuators for water treatment plants in this region. The UAE is one of the world's leading oil-producing countries, and the oil & gas industry plays a pivotal role in shaping its economic status. The UAE possesses substantial oil reserves, primarily located in the Emirate of Abu Dhabi.

The country has consistently been one of the largest oil producers in the world. The UAE has a proven oil reserve capacity of approximately 97.8 billion barrels and an oil production capacity of ~3.5 million barrels per day. The elevating oil production levels in the region, thus, creates the need for valves and valve actuators in oil & gas infrastructure.

The Middle East & Africa actuator market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Middle East & Africa countries are among the most water-scarce countries in the world. Consequently, these countries invest heavily in the mobilization of their water resources. The region also has various water treatment plants in Cape Town, Morocco, Egypt, etc. Various players are providing actuators for water treatment plants.

As announced by AUMA in October 2022, its new PROFOX actuators have been in operation at the Zandvliet wastewater treatment plant in Cape Town, South Africa, for more than a year. These valve actuators are used to enable the automated delivery of flocculents to aid the removal of fine solids in new settlement basins. Their control parameters such as operating time and motor speed can be easily adjusted using a smartphone or laptop.

The Middle East & Africa is an oil-rich region as several countries have large reserves of oil and natural gas. A few of the largest oil-producing countries in the region are Saudi Arabia, Iraq, Iran, Kuwait, and the UAE. According to the General Authority for Statistics, natural gas reserves increased by 0.91% in 2021 compared to 2020 in Saudi Arabia, reaching 8.29 billion tons of oil equivalent (TOE), i.e., 329.08 trillion cubic feet.

Natural gas production amounted to 126 million TOE in 2021, equivalent to 4.92 trillion cubic feet, recording a surge by 2.94% compared to 2020. Crude oil reserves increased by 0.04% in 2021 compared to 2020, reaching 37.06 billion TOE, i.e., 267.19 billion barrels. Thus, the growing oil & gas production in the Middle East & Africa generates the need for valve actuators.

Middle East & Africa Valve Actuator Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Valve Actuator Market Segmentation

The Middle East & Africa valve actuator market is categorized into end user, product type, and country.

Based on end user, the Middle East & Africa valve actuator market is segmented into mining, LNG, chemical, oil & gas, water & wastewater, and others. The oil & gas segment held the largest market share in 2023.

In terms of product type, the Middle East & Africa valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held the largest market share in 2023.

By country, the Middle East & Africa valve actuator market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa valve actuator market share in 2023.

Emerson Electric Co; Schlumberger NV; Alfa Laval AB; Flowserve Corp; Crane Company; Rotork Plc; Valmet Oyj; KITZ Corp; IMI Plc; and Tolomatic, Inc. are some of the leading companies operating in the Middle East & Africa valve actuator market.

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Valve Actuator Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Middle East & Africa Valve Actuator Market - Key Market Dynamics
5.1 Drivers
5.1.1 Growth of Oil & Gas Industry
5.1.2 Development of Advanced Valve Actuators
5.1.3 Advent of Industry 4.0
5.2 Restraints
5.2.1 Economic Slowdown
5.3 Opportunities
5.3.1 Increasing Focus on Renewable Energy Sector
5.3.2 Rising Development of Water & Wastewater Treatment Plants
5.4 Future Trends:
5.4.1 Miniature Actuators
5.5 Impact of Drivers and Restraints:
6. Valve Actuator Market - Middle East & Africa Analysis
6.1 Middle East & Africa Valve Actuator Market Overview
6.2 Valve Actuator Market Revenue (US$ million), 2021-2031
6.3 Valve Actuator Market Forecast Analysis
7. Middle East & Africa Valve Actuator Market Analysis - by End User
7.1 Mining
7.1.1 Overview
7.1.2 Mining: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.2 LNG
7.2.1 Overview
7.2.2 LNG: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.3 Chemical
7.3.1 Overview
7.3.2 Chemical: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.4 Oil & Gas
7.4.1 Overview
7.4.2 Oil & Gas: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.5 Water & Wastewater
7.5.1 Overview
7.5.2 Water & Wastewater: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8. Middle East & Africa Valve Actuator Market Analysis - by Product Type
8.1 Electrical
8.1.1 Overview
8.1.2 Electrical: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.2 Manual
8.2.1 Overview
8.2.2 Manual: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.3 Hydraulic
8.3.1 Overview
8.3.2 Hydraulic: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.4 Pneumatic
8.4.1 Overview
8.4.2 Pneumatic: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
9. Middle East & Africa Valve Actuator Market - Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Middle East & Africa: Valve Actuator Market - Revenue and Forecast Analysis - by Country
9.1.1.2 South Africa: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
9.1.1.2.1 South Africa: Valve Actuator Market Breakdown, by End User
9.1.1.2.2 South Africa: Valve Actuator Market Breakdown, by Product Type
9.1.1.3 Saudi Arabia: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
9.1.1.3.1 Saudi Arabia: Valve Actuator Market Breakdown, by End User
9.1.1.3.2 Saudi Arabia: Valve Actuator Market Breakdown, by Product Type
9.1.1.4 United Arab Emirates: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
9.1.1.4.1 United Arab Emirates: Valve Actuator Market Breakdown, by End User
9.1.1.4.2 United Arab Emirates: Valve Actuator Market Breakdown, by Product Type
9.1.1.5 Rest of Middle East & Africa: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
9.1.1.5.1 Rest of Middle East & Africa: Valve Actuator Market Breakdown, by End User
9.1.1.5.2 Rest of Middle East & Africa: Valve Actuator Market Breakdown, by Product Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 Emerson Electric Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Schlumberger NV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alfa Laval AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Flowserve Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Crane Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rotork Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Valmet Oyj
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KITZ Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IMI Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tolomatic, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Glossary
13.2 About the Publisher

Companies Mentioned

  • Emerson Electric Co
  • Schlumberger NV
  • Alfa Laval AB
  • Flowserve Corp
  • Crane Company
  • Rotork Plc
  • Valmet Oyj
  • KITZ Corp
  • IMI Plc
  • Tolomatic, Inc

Table Information