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Valves And Actuators Market Size (2024 - 2029)

The valves and actuators market is experiencing growth driven by advancements in automation technologies and the increasing demand for water, which is spurring desalination activities globally. These factors are contributing to the expansion of the market size, as industries across various sectors, including medicine, food processing, and water treatment, rely heavily on valves and actuators for fluid management. However, the market's growth is somewhat hindered in developed countries due to stagnant industrial growth, which has led to a stall in demand.

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Market Size of Valves And Actuators Industry

Valves and Actuators Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 66.07 Billion
Market Size (2029) USD 92.74 Billion
CAGR (2024 - 2029) 7.02 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Valves And Actuators Market Major Players

*Disclaimer: Major Players sorted in no particular order

Valves And Actuators Market Analysis

The Valves And Actuators Market size is estimated at USD 66.07 billion in 2024, and is expected to reach USD 92.74 billion by 2029, growing at a CAGR of 7.02% during the forecast period (2024-2029).

The valves and actuators market encompasses various valves and actuators supplied by vendors catering to oil and gas and power generation industries. Market size is determined by the revenue generated by these vendors across industries.

Control valves see heightened demand from oil and gas exploration projects, transportation pipeline initiatives, and ongoing maintenance activities. The market is witnessing a surge, fueled by the push for advanced technologies, paving the way for the development of smart actuators. These smart actuators integrate sensors, motors, communication modules, and controllers seamlessly. Their adaptability allows for easy adjustments, setups, or dismantling, making them a staple in robots across various industries.

As valve and actuator technology advances, engineers prioritize solutions that deliver precise performance, consume less power, and minimize the environmental carbon footprint. This commitment to address the challenges of traditional valve technologies is fueling market growth.

Desalination, which is the process of removing salts and minerals from salty water, is essential for various industries. Industries such as manufacturing, food processing, and agriculture rely more on clean water, leading to a growing demand for desalination as a key solution to increasing water scarcity.

Valves and actuators are pivotal in water treatment plants, power generation, refineries, mining, and food production. Yet, demand for these components has stagnated, particularly in developed nations, due to sluggish industrial growth.

Overall, the valve and actuators market, integral to many industries, is growing, owing to rising demand from the power and chemical industries, the need for desalination activities, and the adoption of advanced technologies.

Valves And Actuators Industry Segmentation

A valve is a device that handles, directs, or prevents the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially blocking various passageways. An actuator is a device that compels a machine or other device to operate.

The valves and actuators market is segmented by valve types (ball, butterfly, and globe), actuator types (hydraulic, pneumatic, and electric), end-user vertical (oil and gas, power generation, and chemical), and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts in value (USD) for all the above segments.

By Type
Hydraulic
Pneumatic
Electric
Mechanical
Other Types
By End-user Vertical
Oil and Gas
Power Generation
Chemical
Water and Wastewater
Mining
Other End User Verticals
By Geography***
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Asia
China
Japan
India
South Korea
Australia and New Zealand
Latin America
Middle East Africa
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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.

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Valves And Actuators Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION - ACTUATORS

    1. 2.1 By Type

      1. 2.1.1 Hydraulic

      2. 2.1.2 Pneumatic

      3. 2.1.3 Electric

      4. 2.1.4 Mechanical

      5. 2.1.5 Other Types

    2. 2.2 By End-user Vertical

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Power Generation

      3. 2.2.3 Chemical

      4. 2.2.4 Water and Wastewater

      5. 2.2.5 Mining

      6. 2.2.6 Other End User Verticals

    3. 2.3 By Geography***

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

      3. 2.3.3 Asia

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

      4. 2.3.4 Australia and New Zealand

      5. 2.3.5 Latin America

      6. 2.3.6 Middle East Africa

Valves And Actuators Market Size FAQs

The Valves And Actuators Market size is expected to reach USD 66.07 billion in 2024 and grow at a CAGR of 7.02% to reach USD 92.74 billion by 2029.

In 2024, the Valves And Actuators Market size is expected to reach USD 66.07 billion.

Valves & Actuators Market Report Snapshots

Valves And Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)