Actuators & Valves Market: Profitable Trends that Drives Investment | Honeywell, Emerson Electric, Flowserve Corp, Pentair Plc., General Electric, Rotork, Siemens, Schlumberger Ltd, and Watts Water Technologies

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

In 2019, 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.

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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.

Key Benefits:

The study provides an in-depth analysis of the global valves & actuators market to elucidate the prominent investment pockets in the market.

o Current trends and future estimations are outlined to determine the overall market scenario.

o The report provides information regarding key drivers, restraints, and opportunities with impact analysis.

o Geographically, the market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

o Analysis of value chain is conducted to better understand the role of intermediaries.

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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.

Although North America contributed toward the maximum revenue share in 2014, 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.

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Actuators and Valves Market key Segmentation:

The global actuators and valves market is segmented on the basis of type, application, and geography.

By Type

o Actuators

o Electric Actuators
o Mechanical Actuators
o Pneumatic Actuators
o Hydraulic Actuators

o Valves

o Quarter-Turn Valves

Ball Valve
Butterfly Valve
Plug Valve
Spherical Valve

o Multi-Turn Valves

Gate Valve
Globe Valve
Fixed Cone Valve
Needle Valve
Pinch Valve

o Control Valves

Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve

By Application

o Oil & Gas
o Paper & Pulp
o Mining
o Water & Wastewater
o Food & Beverages
o Energy & Power
o Automotive
o Others (Chemical, Iron & Steel, and Construction)

By Geography

o North America

o U.S.
o Mexico
o Canada

o Europe

o UK
o Germany
o France
o Rest of Europe

o Asia-Pacific

o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

Access Report Summary: https://www.whatech.com/market-research/industrial/643321-actuators-valves-market-projected-to-reach-125-billion-by-2022-cagr-of-6-3

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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