Actuators and Valves Market: Snapshot
The growth in urbanization is creating a significant demand for public and private sector infrastructure development such as power stations, water supply, electricity grids, and water treatment plants, which is driving the global actuators and valves market.
Rapid urbanization in emerging markets and an increase in urban areas in developed economies is the biggest factor driving the actuators and valves market worldwide. The use of simulation software is also expected to augment the market in the near future. With the rising need for customized, non-standard products across multiple industries, valve manufacturers are anticipated to save both development time and fabrication costs by leveraging simulation software. This will ensure adequate supply in the market.
The global actuators and valves market stood at US$74.37 bn in 2015 and is expected to reach US$124.30 bn by 2024, expanding at a CAGR of 6.0% therein.
Demand for Actuators and Valves Soars in Water and Wastewater Treatment Industry
Actuators and valves find application in several end-use industries such as water and wastewater treatment, food and beverage, oil and gas, refining, paper and pulp, mining, chemical, healthcare, marine, energy, and construction. The water and wastewater treatment industry held the dominant share in the global actuator and valves market at the start of the forecast period and the segment is likely to retain its lead through 2024. Rapid urbanization and the continuous growth in the global population are the key factors driving the demand for potable water, thereby fueling the need for actuators and valves in the water and wastewater treatment sector. The treatment of wastewater requires valves and actuators to control the flow of water. Actuators used in this industry need to be changed regularly owing to the impact of humidity and the dirt in water.
The construction industry, which includes commercial as well as residential construction, also accounted for a prominent share in the actuators and valves market. Butterfly valves are commonly used in this sector as they are more reliable for temperature control applications and for heating, ventilation, and cooling (HVAC).
Increasing Demand for Advanced Technology Valves in APAC
Asia Pacific accounted for the leading share in the global actuators and valves market in 2015. The water and wastewater treatment industry is anticipated to offer substantial growth potential for manufacturers of valves and actuators in the region. The growth of the nuclear industry in China is also spurring the development of advanced technology valves in APAC. The Indian economy is undergoing rapid transformation by setting up large power and petrochemical units, which is anticipated to benefit the actuators and valves market.
North America also accounted for a significant share in the global actuators and valves market in 2015. The demand for valves and actuators is rather high in the U.S. and Canada and is fueled by the growth of the oil and gas sector in the countries. The expansion of this sector has catalyzed the growth of various energy-dependent industries such as power generation and chemicals, which has led to an increased demand for flow control equipment.
The Middle East and Africa is expected to observe high growth in the actuators and valves market during the course of the forecast period. Rapid urbanization and increasing population have resulted in the acute shortage of safe drinking water in several countries and the need to provide potable water has led to the establishment of desalination plants. This, in turn, is supporting the use of valves and actuators in the MEA region.
The key players in the actuators and valves market include Honeywell International Inc., Emerson Electric Co., Tyco International Ltd., KITZ Corporation, Burkert Fluid Control Systems, Schlumberger Limited, Flowserve Corporations, Watts Water Technologies, Inc, and AVK Holdings A/S.
The actuator and valve market report provides an in-depth analysis of the global actuator and valve market for the period 2014 – 2024, wherein 2015 is the base year and the years from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the actuator and valve market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during the forecast period. The study provides a holistic perspective on market growth in terms of revenue estimates (in US$ Bn), across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report provides cross-sectional analysis of the global actuator and valve market in terms of market estimates and projections for all the segments across different geographic regions. The report also covers profiles of major players, their growth strategies, their market positioning, and the various recent developments, and includes market positioning analysis of key players operating in the actuator and valve market.
This research study on the global actuator and valve market provides a detailed analysis of various type of actuators and valves available in the market. Based on the actuator type, the market is further divided into pneumatic, hydraulic, electric, mechanical, manual and hybrid actuators. On the basis of type of valves, the market is segmented into linear motion, rotary motion, specialty and self-actuated valve. The linear and rotary motion valves are further segmented into their sub types; linear motion valves (gate, globe, diaphragm and pinch valve) and rotary motion valves (butterfly, ball and eccentric plug valve). Based on industry, the market is segmented into water and waste water treatment, food and beverage, oil and gas, refining, paper and pulp, mining, chemical, healthcare, marine, energy/power, and construction. The report includes a comprehensive coverage of the underlying economic development factors under the key trend analysis section.
The report aims to provide a comprehensive analysis of the global actuator and valve market across geographical regions, which are further segmented to cover in-depth country level analysis. North America region is segmented into the U.S., Canada, Mexico, Central America and Rest of North America. Similarly, Europe has been further segmented into the U.K., Germany, France, Italy and Rest of Europe. Asia Pacific has been segmented into China, India, Japan, and Rest of Asia Pacific; MEA is categorized into South Africa, GCC and Rest of MEA. South America has been further categorized into Argentina, Brazil and Rest of South America. The revenue estimates for these regions is also included in the report. The report also provides regional level key trend analysis.
The report also highlights the competition matrix of the actuator and valve market, positioning all the major players according to their geographic presence, market position, key recent developments, and segment growth. The report also provides key recommendations for various new entrants, small and medium and large market player in the global actuator and valve market
Under the company profiles section, the report provides an overview of the players operating in the market, the strategies deployed by them to gain competitive advantage, the annual revenue generated by them in the past two or three years, and their relevant business segment revenue. The report also provides supplier chain analysis of the various competitors in the market. The key players profiled in this report include Honeywell International Inc., Emerson Electric Co., Tyco International Ltd., KITZ Corporation, Burkert Fluid Control Systems, Schlumberger Limited, Flowserve Corporations, Watts Water Technologies, Inc, AVK holdings A/S, and Rotork Plc.
The global actuator and valve market has been segmented as follows:
Actuators and Valves Market: By Type
- Pneumatic Actuators
- Hydraulic Actuators
- Electric Actuators
- Hybrid Actuators
- Manual Actuators
- Mechanical Actuators
- Linear Motion Valves
- Gate Valve
- Globe Valve
- Diaphragm Valve
- Pinch Valve
- Rotary Motion Valves
- Ball Valve
- Butterfly Valve
- Eccentric Plug Valve
- Specialty Valves
- Self-actuated Valves
Actuator and Valves Market: By Industry
- Water and Waste Water Treatment
- Food and Beverage
- Oil and Gas
- Paper and Pulp
Actuators and Valves Market: By Geography
- North America
- Central America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Rest of MEA
- South America
- Rest of South America