An actuator is a device that converts energy into mechanical movement in order to control a valve or other mechanical device. A valve is a mechanical device that controls the flow of fluid or gas through a pipe or duct. Actuators and valves are often used together in industrial and mechanical systems to control the flow of fluids or gases and regulate pressure. Valves can be operated manually, by turning a handle or knob, or they can be controlled automatically by actuators. Some valves can also be controlled remotely by a control system.
The market for actuators and valves is expected to experience considerable growth over the course of the forecast period as a result of the development of the water and wastewater treatment industry, tightening workplace safety requirements, and the adoption of cutting-edge processing methods. Additionally, it is projected that the market for actuators and valves would gain significantly from the growing use of robotics in this sector during the forecast period. On the other hand, throughout the projected period, a lack of product differentiation will restrain the growth of the actuators and valves market.
The actuators and valves market is segmented on the basis of application, type and region. On the basis of application, the market is divided into oil and gas, paper and pulp, mining, water and wastewater, food and beverages, energy and power, automotive, Chemicals and CPI, pharma and life sciences, healthcare, and microelectronics and semiconductors.
Based on type, the market is segregated into actuators, and valves. Based on Actuators, it is further bifurcated by actuator types, and it includes electrical actuators, mechanical actuators, hydraulic actuators, and pneumatic actuators. Based on Valves the market is further bifurcated in to by valves material and it includes cast iron, alloys, plastic and steel.
Region-wise, the Actuators and Valves Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB.
The market for actuators and valves is expected to experience considerable growth over the course of the forecast period as a result of the development of the water and wastewater treatment industry, tightening workplace safety requirements, and the adoption of cutting-edge processing methods. Additionally, it is projected that the market for actuators and valves would gain significantly from the growing use of robotics in this sector during the forecast period. On the other hand, throughout the projected period, a lack of product differentiation will restrain the growth of the actuators and valves market.
The actuators and valves market is segmented on the basis of application, type and region. On the basis of application, the market is divided into oil and gas, paper and pulp, mining, water and wastewater, food and beverages, energy and power, automotive, Chemicals and CPI, pharma and life sciences, healthcare, and microelectronics and semiconductors.
Based on type, the market is segregated into actuators, and valves. Based on Actuators, it is further bifurcated by actuator types, and it includes electrical actuators, mechanical actuators, hydraulic actuators, and pneumatic actuators. Based on Valves the market is further bifurcated in to by valves material and it includes cast iron, alloys, plastic and steel.
Region-wise, the Actuators and Valves Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the actuators and valves market analysis from 2022 to 2032 to identify the prevailing actuators and valves market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the actuators and valves market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global actuators and valves market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Application
- Oil and Gas
- Paper and Pulp
- Mining
- Water and Wastewater
- Food and Beverages
- Energy and Power
- Automotive
- Chemicals and CPI
- Pharma and Life Sciences
- Healthcare
- Microelectronics and Semiconductors
By Type
- Actuators
- Actuators Type
- Electrical Actuators
- Mechanical Actuators
- Hydraulic Actuators
- Pneumatic Actuators
- Valves
- Material
- Cast Iron
- Alloys
- Plastic
- Steel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- General Electric Company
- Metso Oyj (Neles Oyj)
- Emerson Electric Co. (PENTAIR VALVES)
- SLB
- Flowserve Corporation
- KITZ CORPORATION
- IMI plc
- Crane Holdings, Co.
- Parker-Hannifin Corporation
- Rotork plc
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ACTUATORS AND VALVES MARKET, BY APPLICATION
CHAPTER 5: ACTUATORS AND VALVES MARKET, BY TYPE
CHAPTER 6: ACTUATORS AND VALVES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the actuators and valves market was valued at $104.5 billion in 2021, and is estimated to reach $204.6 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031, owing to increasing market demand from oil and gas, chemicals and CPI, water and wastewater, and paper and pulp applications.A device that transforms energy into motion is called an actuator. Actuators are utilised in many different applications, such as transportation, aircraft, and industrial automation. Different types of energy, including electricity, hydraulic fluid, and pneumatic pressure, can be used to power them. Electric motors, pneumatic cylinders, and hydraulic cylinders are examples of common actuator types. A valve is a mechanical component that controls the flow of substances like fluids, gases, or other substances. Plumbing, HVAC, and industrial operations are just a few of the many systems that require valves. They are made to control the flow of fluids in one or more directions and can be operated manually or automatically. Ball valves, gate valves, and globe valves are examples of common valve types. These valves function by regulating the fluid, gas, or other material flow rate, direction, and pressure, allowing the flow to be opened or closed and maintaining process flow control.
Key factors driving the growth of the Actuators and Valves market include industrial automation, infrastructure development, increase in energy efficiency, advancements in technology, growth of renewable energy, increase in global investments and other factors are boosting the actuators and valves industry's overall growth. The increasing adoption of industrial automation and control systems is driving the demand for actuators and valves. Automation improves efficiency, reduces labor costs, and increases production capacity, which is driving the growth of the actuators and valves market. The growth of infrastructure projects in various sectors such as oil and gas, water and sewage, and power generation is driving the demand for actuators and valves. The growing focus on energy efficiency and reducing carbon emissions is driving the demand for actuators and valves that are more energy efficient and reliable. Advances in materials science and technology have led to the development of new and improved actuator and valve designs that are more durable, reliable and cost-effective. The growth of renewable energy sources such as wind and solar power has also increased the demand for actuators and valves in these industries. The growing demand for clean energy sources and the increasing regulations on the environmental impact of various industries is also driving the growth of the actuators and valves market. Increase in global investments in infrastructure projects and industrial expansion is also driving the growth of the actuators and valves market. Overall, the market for actuators and valves is expected to continue growing in the coming years as industries continue to adopt more advanced technologies and automation.
The market also offers growth opportunities to the key players in the market. The increasing adoption of IoT and Industry 4.0 technologies is creating opportunities for the development of smart actuators and valves that can be remotely monitored and controlled. Electric actuators are becoming more popular due to their increased reliability and energy efficiency, which is creating growth opportunities for companies that produce these types of actuators. The growth of nuclear power as a source of energy is expected to create opportunities for the actuators and valves market, as these components are used in nuclear power plants to control the flow of fluids and gases. The growing demand for water and waste water treatment is expected to create opportunities for the actuators and valves market, as these components are used in water treatment plants to control the flow of water and chemicals. The growing demand for bioprocessing is expected to create opportunities for the actuators and valves market, as these components are used in bioprocessing operations to control the flow of fluids and gases.
The global actuators and valves market is segmented on the basis of application, type and region. On the basis of application, the market is divided into oil and gas, paper and pulp, mining, water and wastewater, food and beverages, energy and power, automotive, chemicals and CPI, pharma and life sciences, healthcare, and microelectronics and semiconductors. Based on type, the market is segregated into actuators, and valves. Based on Actuators, it is further bifurcated by actuators types and it includes electrical actuators, mechanical actuators, hydraulic actuators, and pneumatic actuators. Based on Valves the market is further bifurcated in to by valves material and it includes cast iron, alloys, plastic and steel.
Region-wise, the Actuators and Valves Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Europe and North America remain a significant participant in the actuators and valves market.
Key Market Insights
By application, oil and gas segment was the highest revenue contributor to the market, with $18.83 billion in 2021, and is estimated to reach $52.05 billion by 2031, with a CAGR of 10.82%.By type, the valves segment was the highest revenue contributor to the market, with $63.38 billion in 2021, and is estimated to reach $117.88 billion by 2031, with a CAGR of 6.58%.
By actuator type, the pneumatic actuators segment was the highest revenue contributor to the market, with $13.64 billion in 2021, and is estimated to reach $32.23 billion by 2031, with a CAGR of 9.16%.
By valve material type, steel segment was the highest revenue contributor to the market, with $20.00 billion in 2021, and is estimated to reach $41.37 billion by 2031, with a CAGR of 7.71%.
Based on region, North America and Europe collectively accounted for around 60.37% share in 2021.
Competitive analysis and profiles of the major global Actuators and Valves market players that have been provided in the report include Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB. For instance, in December 2022, Parker Hannifin, launched next-generation pre-compensated load-sensing valves with VA Series branding. The VA Series mobile directional control valves are designed to meet future demands within a range of challenging mobile machinery industries, such as forestry, construction, mining and material handling.
Companies Mentioned
- General Electric Company
- Metso Oyj (Neles Oyj)
- Emerson Electric Co. (PENTAIR VALVES)
- SLB
- Flowserve Corporation
- KITZ CORPORATION
- IMI plc
- Crane Holdings, Co.
- Parker-Hannifin Corporation
- Rotork plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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