The global actuators & valves market is expected to grow at a CAGR of 6.5% during the forecast period of 2023 to 2030. Actuators and valves are utilized in a variety of sectors to control and direct the flow of fluids during a variety of processes. By opening, closing, or partially obstructing numerous tubes, a valve regulates or controls the flow of a fluid (gases, liquids, or slurries). An actuator is a machine component responsible for adjusting or moving a valve. As the location of the plug or disc of the valve is altered by the force of actuators, the valve regulates the rate of fluid flow. Actuators and valves are utilized in numerous industries, including water and wastewater treatment, food and beverage, oil and gas, refining, paper and pulp, mining, chemical, healthcare, maritime, and energy. In addition, the usage of technologically improved processing methods is anticipated to transform the market outlook for actuators and valves. As a result of the aforementioned factors, the market is anticipated to experience a rapid expansion in the near future. Changes in environmental standards and the number of new product launches also contribute to the expansion of the actuators & valves market. However, the absence of product differentiation hinders market expansion. Moreover, the rising utilization of robots offers significant business potential.

Pneumatic Actuators Dominate the Market by System

By system, the market for industrial actuators is divided into mechanical, electric, pneumatic, and hydraulic subsegments. The pneumatic actuators market is driven by its widespread use in mining and extraction, energy and power, chemical, and oil and gas industries. These are utilized in the food and beverage industry as well. Due to the extensive use of water and other conductive fluids on the manufacturing floor, many sectors avoid employing electric actuators.

O&G Remains the Dominant End User

Due to its substantial use in natural gas generation, crude oil extraction, and refining operations, the oil and gas industry accounted for the largest portion of market revenues in 2021. In addition, due to the rising stringency of safety standards, approximately 10% of installed valves are changed annually. The water and wastewater business encompasses application activities such as the provision of water for industrial purposes and the treatment of industrial effluent. This is anticipated to fuel the market growth during the forecast period.

Ball Valves to Dominate During the Forecast Period

The industrial valves segment is projected to be dominated by ball valves over the forecast period of 2023 to 2030. These are favored for steam and condensate applications and are therefore widely used in the energy and power industry. Their restricted maximum pressure rating and inability to function in extremely high-pressure environments is the only factor limiting their demand.

Linear Actuators to Dominate the Industrial Actuators Segment

The market for industrial actuators is anticipated to be dominated by linear actuators, with a CAGR of 5.2% over the forecast period. This is due to the increasing demand for combustion control, enhanced efficiency, and decreased production costs. In addition to stringent environmental rules and rising industrial automation in emerging nations, stringent environmental regulations are anticipated to stimulate demand for the same.

APAC Remains as the Global Leader

In 2021, Asia-Pacific held the highest market share for industrial valves and actuators. This is because major growing economies such as China and India are investing extensively in valve manufacture to meet the rising demand in industries such as water and wastewater, food and beverage, energy and electricity, and others. Over the projection period, the Middle East and Africa are anticipated to grow at the second-fastest rate, 4.5% annually. In North America, the U.S. dominated the market due to the wide range of applications in industries including chemical, oil and gas, energy and electricity, water and wastewater, and food and beverage.

Market Competition to Intensify during the Forecast Period

The market is highly fragmented due to the presence of numerous small and medium-sized firms. In order to maintain their market share in such a price-sensitive industry, businesses have consistently engaged in strategic efforts such as mergers and acquisitions, joint ventures, product launches, and collaborations. This is intended to grow their worldwide and regional presence and offers an expanded product assortment to their customer base. Emerson Electric Co., Flowserve Corporation, IMI plc, Alfa Laval AB, AVK Holding A/S, Eaton, Honeywell International, Inc., Velan, Inc., ValvitaliaSpA and Others. are prominent industry participants. These players have made substantial investments in research and development to develop novel solutions and achieve a competitive advantage.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Actuator And Valve market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Actuator And Valve market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Actuator And Valve market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Actuator And Valve market?
• Which is the largest regional market for Actuator And Valve market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Actuator And Valve market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Actuator And Valve market worldwide?