Actuators and Valves Market to be Worth $204.6 Billion by 2031 | Emerson, IMI plc, Rotork

The actuators and valves market was valued at $104.5 billion in 2021, and is estimated to reach $204.6 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031. The actuators and valves market share is expected to witness considerable growth in coming years, owing to increase in investment by prime players of the market in actuators and valves.

Download Research Sample:
https://www.alliedmarketresearch.com/request-sample/1787

The actuators and valves Industry is likely to experience considerable growth over the course of the forecasted period due to the expansion of the water and wastewater treatment industry, an increase in workplace safety requirements, and the adoption of cutting-edge processing techniques. Additionally, it is projected that the market for actuators and valves would gain significantly from the growing use of robotics in this sector during the forecast period. On the other hand, a lack of product differentiation will restrain the growth of the actuators and valves market during the forecast period.

Applications: The oil and gas segment dominated the market

• Oil and Gas
• Paper and Pulp
• Mining
• Water and Wastewater
• Food and Beverages
• Energy and Power
• Automotive
• Chemicals and CPI
• Pharma and Life Sciences
• Healthcare
• Microelectronics and Semiconductors

By application, the oil and gas segment held the major share in 2021, for actuators and valves market revenue. The same segment would also showcase the fastest CAGR of 10.82% during the forecast period. In the oil and gas industry, actuators and valves are used in a variety of applications such as wellhead control, pipeline control, and refining processes thus driving the segment growth.

The valves segment to maintain its dominance during the forecast period

By type, the valves segment contributed to the highest share in 2021, for actuators and valves market revenue. The same segment would also showcase the fastest CAGR of 6.58% throughout the forecast period. This is attributed to the fact that valves for actuators and valves offer several benefits in industrial applications, which contribute to their widespread use in various industries.

Make Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/1787

North America garnered the major share in 2021

By region, North America garnered the highest share in 2021, for actuators and valves market revenue in 2021, and is projected to retain its dominance by 2031. The same region would also portray the fastest CAGR of 7.99% during the forecast period. This is mainly attributed to extensive adoption of innovative processing technologies, growth in industries, and heavy infrastructural projects in this region.

The key players profiled in the actuators and valves market report include Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB. Top market players have adopted various strategies, such as product launch, product development, product expansion, business expansion innovation, and others to expand their foothold in the actuators and valves market.

Source:
https://www.alliedmarketresearch.com/press-release/actuators-and-valves-market.html

Contact:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

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.

This release was published on openPR.