Market Size of Valves and Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Valves & Actuators Market Analysis
The valves and actuators market is expected to grow at a CAGR of 6.52% over the forecast period (2021 - 2026). Valves and actuators play a vital role in the increasingly complex industrial environments. Pipelines are necessary for every industry that deals with fluid, whether they are in crude oil or natural gas production. Nearly all industry verticals, like medicine, food processing, water treatment as well as in engines, machinery, and plant engineering, or the conveyance of gas, fluids, and free-flowing solids there is extensive usage of pipes and valves.
- The advancement in the technologies for automation is driving industry 4.0 across the industrial domains which are making rapid growth for the adoption of smart valves and actuators to get better control over the operation and safety.
- Additionally, the rising demand for water with an associated increase in population has increased the water consumption per capita over the years coupled with declining water supplies due to contamination and climate change.
- These factors have raised the desalination activities across the world. According to a study by E. Jones, currently there are 15,906 desalination plants worldwide and many projects are still under progress which is also significantly driving the demand for valves and actuators.
- Whereas, due to stagnant industrial growth in the developed countries, the demand has stalled for valves and actuators.
Valves & Actuators Industry Segmentation
The scope of the study for valves and actuators market has considered the type of valves and actuators provided by the vendors for a wide range of industries including, oil and gas, power generation among others across the world.
| By Type | |
| Hydraulic | |
| Pneumatic | |
| Electric |
| By End-user Vertical | |
| Oil & Gas | |
| Power Generation | |
| Chemical | |
| Water & Wastewater | |
| Mining | |
| Other End User Verticals |
| Geography | |||||||
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Valves and Actuators Market Size Summary
The valves and actuators market is experiencing significant growth, driven by their essential role in various industrial sectors such as oil and gas, water treatment, and food processing. These components are crucial for managing fluid flow in pipelines, which are integral to industries dealing with crude oil, natural gas, and other fluids. The push towards Industry 4.0 and automation technologies is further propelling the adoption of smart valves and actuators, enhancing operational control and safety. Additionally, the increasing global demand for water, coupled with challenges like contamination and climate change, is boosting desalination activities, thereby driving the need for these components. However, stagnant industrial growth in developed regions has led to a slowdown in demand in those areas.
In the oil and gas sector, valves and actuators are vital for flow regulation, and the industry remains a significant application area for these components. Despite fluctuations in global oil and gas prices impacting market dynamics, the rise in oil and gas reserves is expected to sustain demand. Ongoing and upcoming projects, such as the Power of Siberia Pipeline, highlight the continued investment in infrastructure, further fueling market growth. The Asia-Pacific region is witnessing increased capacity growth, with new refineries and industrial projects contributing to market expansion. The fragmented market landscape sees numerous players investing in advanced technologies and strategic acquisitions to enhance their offerings. These developments underscore the competitive nature of the market and the ongoing efforts to meet diverse industrial needs.
Valves and Actuators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Technological Advancements Propelling Application of Smart Valves and Actuators
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1.2.2 Increase in Demand for Desalination Activities
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1.3 Market Restraints
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1.3.1 Stagnant Industrial Growth in Developed Countries
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Hydraulic
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2.1.2 Pneumatic
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2.1.3 Electric
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2.2 By End-user Vertical
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2.2.1 Oil & Gas
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2.2.2 Power Generation
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2.2.3 Chemical
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2.2.4 Water & Wastewater
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2.2.5 Mining
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2.2.6 Other End User Verticals
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 Latin America
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2.3.4.2 Middle-East & Africa
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Valves and Actuators Market Size FAQs
What is the current Valves and Actuators Market size?
The Valves and Actuators Market is projected to register a CAGR of 6.52% during the forecast period (2024-2029)
Who are the key players in Valves and Actuators Market?
Emerson Electric Co., Schlumberger Limited, Alfa Laval Corporate AB, Flowserve Corporation and Crane Co. are the major companies operating in the Valves and Actuators Market.
