Actuators and Valves Market is anticipated to register a CAGR of 6% to attain a market size of around $125 billion by 2027.
Actuators and valves are used to control and direct fluid flow through pipelines used in wastewater treatment plants, power plants, oil refineries, mine and nuclear processes, and food plants. It is one of the most essential mechanisms in the manufacturing and processing industry, controlling not only flow but also the velocity, volume, pressure or direction of the fluid. It also plays an important role in applications such as oil and gas, paper and pulp, energy and power, automotive, chemical, steel and construction.
The rapidly growing manufacturing and processing industry segment, safety assurance and reduced manual handling requirements further supported the growth of the global valve and actuator market.
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The key players include Honeywell International Inc, Emerson Electric Co., Flowserve Corporation, Pentair Plc., General Electric, Rotork, Siemens AG, Christian Bürkert GmbH & Co. KG, Schlumberger Limited, and Watts Water Technologies, Inc.
Actuators and Valves Market key Segmentation:
The global actuators and valves market is segmented on the basis of type, application, and geography.
By Type
- Actuators
- Electric Actuators
- Mechanical Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- Valves
- Quarter-Turn Valves
- Ball Valve
- Butterfly Valve
- Plug Valve
- Spherical Valve
- Multi-Turn Valves
- Gate Valve
- Globe Valve
- Fixed Cone Valve
By Application
- Oil & Gas
- Paper & Pulp
- Mining
- Water & Wastewater
- Food & Beverages
- Energy & Power
- Automotive
- Others (Chemical, Iron & Steel, and Construction)
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Scope of the Report
The research study analyzes the global Actuators and Valves industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Actuators and Valves Market Report
1. What was the Actuators and Valves Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Actuators and Valves Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Actuators and Valves Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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