Global Industrial Valves and Actuators Market, By Function (On-off/Isolation, Control), Type (Actuators, Valves), Material (Steel, Cast Iron, Cryogenic, Alloy Based, Others), Size (Up To 1”, 1-6”, 6-25”, 25-50”, 50” and Larger), End-User Industry (Oil and Gas, Water and Wastewater Treatment, Energy and Power, Food and Beverages, Chemicals, Building and Construction, Pulp and Paper, Pharmaceuticals and Healthcare, Metals and Mining, Agriculture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Industrial Valves and Actuators Market
The industrial valves and actuators market is expected to witness market growth at a rate of 4.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial valves and actuators market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the products from the end-use industries is escalating the growth of the industrial valves and actuators market.
Industrial valves refer to mechanical devices used to manage the flow and pressure of slurries, gases, and liquid within a system and are available in various forms such as the globe valve, pinch valve, gate valve, and ball valve. The actuator is defined as part of a machine that controls a system such as opening or closing the valve and is also available in numerous forms, including hydraulic, pneumatic, electric, and mechanical.
The increase in the focus on the development of smart cities across the globe acts as one of the major factors driving the growth of the industrial valves and actuators market. The rise in demand from industrial sectors such as oil and gas, water and wastewater treatment, and energy and power industry and the need for connected networks to maintain and monitor industrial equipment accelerate the market growth. The demand for valves from healthcare and pharmaceuticals industries due to the outbreak of the COVID-19 pandemic and the increase in demand for the products owning to withstand high-pressure conditions and adverse corrosive conditions in refineries and production platforms further influence the market.
In addition to urbanization and digitization, establishing new nuclear power plants and revamping existing ones and research and development positively affect the industrial valves and actuators market. Furthermore, utilization of IIoT and industry 4.0 in industrial plants and adoption of smart valves extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of standardized norms and governing policies and unplanned downtime due to malfunctioning or failures of valves are expected to obstruct the market growth. Due to the oil price crisis, slowdown in oil and gas sector is projected to challenge the industrial valves and actuators market in the forecast period of 2021-2028.
This industrial valves and actuators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info industrial valves and actuators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Valves and Actuators Market Scope and Market Size
The industrial valves and actuators market is segmented on the basis of function, type, material, size and end-user industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the industrial valves and actuators market is segmented into on-off/isolation and control.
- On the basis of type, the industrial valves and actuators market is segmented into actuators and valves. Actuators are further segmented into electric actuators, mechanical actuators, pneumatic actuators and hydraulic actuators. Valves are further segmented into quarter-turn valves, multi-turn valves and control valves. Quarter-turn valves are further bifurcated into ball valve, butterfly valve, plug valve and spherical valve. Multi-turn valves are further bifurcated into gate valve, globe valve, fixed cone valve, needle valve and pinch valve. Control valves are further bifurcated into pneumatic control valve, hydraulic control valve and electric control valve.
- On the basis of material, the industrial valves and actuators market is segmented into steel, cast iron, cryogenic, alloy based and others.
- On the basis of size, the industrial valves and actuators market is segmented into up to 1”, 1-6”, 6-25”, 25-50”, and 50” and larger.
- On the basis of end-user industry, the industrial valves and actuators market is segmented into oil and gas, water and wastewater treatment, energy and power, food and beverages, chemicals, building and construction, pulp and paper, pharmaceuticals and healthcare, metals and mining, agriculture and others.
Global Industrial Valves and Actuators Market Country Level Analysis
The industrial valves and actuators market is analyzed and market size, volume information is provided by country, function, type, material, size and end-user industry as referenced above.
The countries covered in the global industrial valves and actuators market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the industrial valves and actuators market due to the strong usage scope in chemical, oil and gas, energy and power, water and wastewater, and food and beverage within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rising demand in industries such as water and wastewater, food and beverage, and energy and power.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Valves and Actuators Market Share Analysis
The industrial valves and actuators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial valves and actuators market.
The major players covered in the industrial valves and actuators market report are Siemens, Baker Hughes, Honeywell International Inc., Emersion Electric Co., Bürkert , Pentair plc., Schlumberger Limited., Rotork, Flowserve Corporation, Watts Water Technologies, GWC Italia SpA, Eaton, Festo Corporation, Moog Inc., SMC Corporation, PARKER HANNIFIN CORP, Delta Pacific Supplies Inc, PetrolValves, Camtech Manufacturing FZCO, Valvitalia SpA, ABB, Goodwin PLC, ALFA LAVAL, Velan Inc., and Curtiss-Wright among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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