The global actuators & valves market is anticipated to register a CAGR of 6.3% to attain a market size of around $125 billion by 2022. Actuators & valves are used in various industries to regulate and direct the flow of fluids during various processes. A valve is a device that regulates or controls the flow of a fluid (gases, liquids, or slurries) by opening, closing, or partially blocking various tubes, whereas an actuator is responsible for moving or adjusting a valve. The valve regulates the rate of fluid flow as the position of valve plug or disk is changed by the force from the actuators. Actuators & valves are applicable in various end use industries such as water & wastewater treatment, food & beverage, oil & gas, refining, paper & pulp, mining, chemical, healthcare, marine, energy, and construction.
Growth in water and wastewater treatment industry due to increase in demand for potable water, increase in safety measurements in industries, and the use of technological advanced processing methods are the key drivers for the growth of global actuators and valves market. However, assembly, start-up, and maintenance of actuators & valves require large space, which act as restraints for the market growth. The oil & gas industry is one of the major users of actuators & valves. The rise in exploration and production of oil & gas in Middle East and Asia-Pacific is expected to provide lucrative opportunity for the market.
The global actuators & valves market is segmented based on type, application, and geography. On the basis of type, the market is divided into actuators and valves. Actuators are further classified as electric actuators, mechanical actuators, pneumatic actuators, and hydraulic actuators; and valves are classified as quarter-turn valves, multi-turn valves, and control valves. By application, the market is categorized into oil & gas, paper & pulp, mining, water & waste water, food & beverages, energy & power, automotive, and others (chemical, iron & steel, and construction). Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies profiled in the report 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.
Potential Benefits for Stakeholders
The global actuators and valves market is segmented on the basis of type, application, and geography.
Other players in the value chain include (profiles not included in the report):
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