Global Actuators and Valves Market is valued approximately at USD 115.40 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2019-2026. Actuators and Valves play a vital role in limiting and regulating the flow of liquids, gases, or a mixture of both in almost every industry. Burgeoning globalization has resulted into substantial demand for oil and gas followed by passenger transportation and power generation across the globe. Owing to these factors, the global Actuators and Valve market is projected to grow at 5.5% CAGR during 2019-2026. Growing demand of Actuators and Valve from wastewater treatment, plant and food & and beverage industries is further strengthening the market growth.
The intense rapid growth of wastewater and water treatment industries is driving the growth of market over the forecast years. As the rise in urban population across the globe has proliferated the demand of water that is safe for consumption. The industrial actuators and valves in water and wastewater industries play an essential role in controlling and monitoring water treatment.
According to the International Wastewater association, iIn Aqaba, wastewater flow rate is projected to reach 61,000 m3 /day by 2030. Similarly, in Bangkok, government has also planned to increase its wastewater treatment facility to over 12,000 m3/day by 2030. Thus, substantial need for increasing wastewater treatment facility is likely to demand higher adoption of Actuators and Valve for better controlling and regulating the flow of liquids. Additionally, Technological advancements in the actuators & valves technology is expected to create significant growth opportunity in the market over the forecast period. However, high maintenance cost associated with actuators and valves and their laborious installation in certain conditions is expected to impede the market growth over the forecast period.
The regional analysis of global Actuators and Valves market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing rising number power plants followed by surging electricity consumption in both residential and commercial spaces. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing demand for industrial robots and industrial automation, development of advanced and cost-effective actuator would create lucrative growth prospects for the Actuators and Valves market across Asia-Pacific region.
Major market player included in this report are:
Honeywell International Inc.
Emerson Electric Co. Flowserve Corporation
Christian Burkert GmbH & Co. KG
Watts Water Technologies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Oil and Gas
Paper and Pulp
Water and Wastewater
Food and Beverages
Energy and Power
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Actuators and Valves Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers