Published: Mar, 2017
The global actuators and valves market is highly fragmented and competitive in nature, thanks to the presence of a large number of players operating in it, states a research report by Transparency Market Research. Some of the leading players operating in the market are KITZ Corporation, Burkert Fluid Control Systems, Honeywell International Inc., Flowserve Corporations, AVK Holdings A/S, Watts Water Technologies, Inc., Emerson Electric Co., Tyco International Ltd., and Schlumberger Limited. The level of competition is expected to rise in the near future with a significant rise in the participation of new players. The prominent players in the market are focusing on mergers and acquisitions and collaborations in order sustain in the competitive landscape of the global market in the coming years.
As per the research study by Transparency Market Research, in 2015, the global market for actuators and valves was worth US$74.37 bn and is estimated to reach a value of US$124.30 bn by the end of 2024. The market is likely to exhibit a 6.0% CAGR between 2016 and 2024.
Asia Pacific to Attain Leading Position in Global Actuators and Valves Market
From a geographical viewpoint, Asia Pacific led the global actuators and valves market in the last few years and is likely to remain in the topmost position in the coming years. The robust growth of this region can be attributed to the significant development of the water and wastewater treatment industry. In addition, the development of the nuclear industry in China is another key factor encouraging the growth of the Asia Pacific actuators and valves market. Furthermore, North America is expected to grow significantly throughout the forecast period, thanks to the rising contribution from Canada and the U.S. In addition, the growth of the oil and gas sector is anticipated to supplement the growth of the market in the near future.
On the basis of product type, the global market has been classified into actuators and valves. Among these two, the valves segment is anticipated to lead the market and acquire a massive share throughout the forecast period. On the flip side, the actuators segment is estimated to register a healthy growth rate in the near future. Furthermore, on the basis of end use, the waste and waste water treatment segment is anticipated to register a progressive growth throughout the forecast period.
Rapid Rate of Urbanization to Accelerate Growth of Global Actuators and Valves Market
A substantial rise in the growth rate of urbanization has resulted in a high demand for the growth of the public and private sector infrastructure. This is anticipated to encourage the growth of the global actuators and valves market throughout the forecast period. In addition, the increasing number of power stations, water supply facilities, water treatment plants, and electricity grids is another major factor projected to boost the demand for actuators and valves and fuel the growth of the overall market in the coming years.
On the flip side, the increasing complexity of electric actuators and the rising cost are some of the key factors predicted to hamper the growth of the global actuators and valves market throughout the forecast period. Moreover, the low-energy efficiency of pneumatic actuators is expected to restrict the market’s growth in the coming few years. However, the rising investments in the oil and gas industry and the growing demand for technologically advanced valves are predicted to fuel the growth of the global actuators and valves market in the forecast period.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Actuators and Valves Market (Type - Actuators (Pneumatic, Hydraulic, Electric, Mechanical, Manual and Hybrid Actuators), Valves (Linear Motion, Rotary Motion, Specialty and Self-Actuated Valve; Industry - Water and Waste Water Treatment, Food and Beverage, Oil and Gas, Refining, Paper and Pulp, Mining, Chemical, Healthcare, Marine, Energy/Power, Construction, Residential, and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The global actuators and valves kiosks market has been segmented as below:
Actuators and Valves Kiosk 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
- Asia Pacific
- Middle East and Africa
- South America
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