Actuators & Valves Market to Witness Huge Growth by Revenue

The global actuators & valves market is expected to proliferate with the increase in water & wastewater treatment industry. Actuators & valves are used in fluid processing industry applications. Moreover, technological developments and rise in awareness about the benefits of actuators & valves fuel their adoption in industries such as mining, automotive, energy & power, construction, and others.

A new report published by Allied Market Research, titled, Actuators & Valves Market by Type, and Application-Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the global actuators & valves market is expected to reach $125 billion with a CAGR of 6.3% by 2022.

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The key players focus to expand their business operations in the emerging countries, with acquisition and product launch as a preferred strategy. The major players profiled in this report include Honeywell International Inc, Emerson Electric Co., Flowserve Corporation, Pentair Plc., General Electric, Rotork, Siemens AG, Christian Brkert GmbH & Co. KG, Schlumberger Limited, and Watts Water Technologies, Inc.

North America dominated the market and contributed more than 32% share of the overall market revenue, followed by Europe. The presence of key market players in the U.S. & Europe, rapid industrialization in manufacturing sectors, rise in demand for enhanced safety & monitoring systems, increased application of actuators & valves in automotive and paper & pulp industry, increase in government regulations for manufacturing industries have fueled the actuators & valves market growth.

Valves alone accounted for about 60% of the overall market in 2019. Higher installation and simple design of valves led this segment to dominate the market. However, actuator segment is expected to register a CAGR of 6.6% and demonstrate significant growth owing to their rugged design and suitability for high-force applications, as many renowned companies have launched automated actuators. Moreover, North America contributed significantly in the valves segment.

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Although North America contributed toward the maximum revenue share in 2019, Asia-Pacific is expected to show the highest CAGR. This is attributed to various factors, including increase in the oil & gas production activities and numerous government initiatives. Moreover, improvement in technologies boosts the installation of valves & actuators in Asian countries, particularly in China, Japan, and India.

However, Asia-Pacific is projected to show highest growth rate in the future. China has the biggest market for valves & actuators manufacturers and consumers. Moreover, surge in manufacturing industry activities and increased expenditures in the emerging markets, such as Japan and India, to satisfy the exponential growth for potable water have strengthened the market growth. Technological advancements for cost-effective valves & actuators in these nations offer lucrative opportunity for the market.

Key players have developed highly sensitive actuators & valves that play a critical role in industrial processes, safety measures, and provide immediate feedback for diagnostics and maintenance. In addition, actuators & valves enable better monitoring by regulating the entire process, decreasing security risks, and reducing operating costs.

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Higher security concerns and government regulations in the market have enforced organizations to adopt actuators & valves. Moreover, rise in the demand of natural gas and oil drives the market growth.

Manufacture of highly sensitive actuators & valves requires high initial cost and are also difficult to install. Their integration with other machineries costs a lot more than their actual price. However, many manufacturers have developed low cost, compact, affordable, and energy-efficient valves & actuators. In addition, government regulations and safety measures are also expected to provide a major growth opportunity.

Substantial investments for R&D by public and private organizations explore further technologies and applications. However, high prices, complex technologies, and slow response in some cases are anticipated to restrict the market growth. Furthermore, deteriorated performance in harsh conditions limit their adoption. In 2015, North America generated the maximum revenue, followed by Europe.

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GLOBAL ACTUATORS & VALVES MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.2.4. U.S.

6.2.4.1. Market size and forecast

6.2.5. Canada

6.2.5.1. Market size and forecast

6.2.6. Mexico

6.2.6.1. Market size and forecast

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
6.3.4. UK

6.3.4.1. Market size and forecast

6.3.5. Germany

6.3.5.1. Market size and forecast

6.3.6. France

6.3.6.1. Market size and forecast

6.3.7. Italy

6.3.7.1. Market size and forecast

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
6.4.4. China

6.4.4.1. Market size and forecast

6.4.5. Japan

6.4.5.1. Market size and forecast

6.4.6. India

6.4.6.1. Market size and forecast

6.4.7. South Korea

6.4.7.1. Market size and forecast

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.5.4. Latin America

6.5.4.1. Market size and forecast

6.5.5. Middle East

6.5.5.1. Market size and forecast

6.5.6. Africa

6.5.6.1. Market size and forecast

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