Press release
Industrial Valve Actuators Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2021
Industrial Valve Actuators Market OverviewMarket Outlook
In the 1920s, pneumatic actuators were utilized for valve control across various end-use industries. However, development of advanced process plants along with high pressure requirements and new innovations, such as gas-over-oil actuators, were developed.
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A valve needs a means by which it can be operated (e.g. actuated or cycled). Various options are available to achieve this, which includes gears, levers, actuators and hand wheels. Valve actuators serve various functions across end-use industries, including process control, safety, automatic switching, etc.
Key Developments
• In March 2018, IMI Precision Engineering announced that the company will showcase their latest range of IMI Norgen electric actuators
• In June 2015, Rotork launched the 3rd generation IQT intelligent part-turn electric valve actuators
• In May 2015, Rotork launched a new range of compact hydraulic and pneumatic valve actuators, primarily designed to perform in constrained space applications
Global Industrial Valve Actuators Market: Regional outlook
The global Industrial Valve Actuators market is segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. Middle East and Africa dominates the market and is expected to follow the same trend in near future owing to surging demand from end-use industries, such as oil and gas. MEA, followed by China, is anticipated to grow at a significant rate in the market in near future. North America and Europe together are expected to account for a small share in the market over the next decade. Japan in the global industrial valve market is anticipated to grow at a comparatively slow rate.
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Global Industrial Valve Actuators Market: Key Players
Some of the key players identified across the value chain of the global Industrial Valve Actuators market include General Electric, Schlumberger Limited, Emerson Electric Co., Assured Automation, Honeywell International Inc., Rotork, Flowserve Corporation, Johnson Controls International plc, Schneider Electric, The Danfoss Group, Curtiss-Wright and others.
The global industrial valve actuators market is found to be one of the most fragmented markets as a large number of global as well as regional players are involved in the manufacturing of actuators.
By Segment:
The global Industrial Valve Actuators market can be segmented on the basis of product type and end-use industry.
On the basis of product type:
• Electric Actuators
• Pneumatic Actuators
• Mechanical Actuators
• Hydraulic Actuators
On the basis of end-use industry:
• Water and Wastewater
• Oil and Gas
• Power Generation
• Food & Beverages
• Chemical
• Marine
• Others
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Brief Approach to Research
FMI will follow a modelling-based approach and triangulation methodology to estimate the data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market size.
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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