The global industrial valves and actuators market size was accounted for USD 105.11 billion, in 2017. It is projected to ascend with a CAGR of 4.14% over the estimated duration. Growing demand from various industries such as energy and power, mining, oil & gas and wastewater treatment is projected to fuel market growth. Other factors such as rapidly expanding processing and manufacturing sector, growing industrial automation, safety assurance, the growth of oil terminals and technological upgradation are promoting the use of smart actuators and valves are also expected to bode well for market growth.
Rising oil and gas extraction activities are expected to provide growth avenues for the market. Actuators and industrial valves are preferred in both onshore and offshore activities. These are also widely used in unfavorable corrosive and high-pressure conditions due to their capability of resisting adverse situations in production platforms and refineries. Industrial regulators and actuators are also used widely owing to several benefits they provide in managing pressure and temperature in the entire downstream and upstream process.
Rapid industrialization and urbanization have created an enormous demand for energy. This has resulted in driving several countries to initiate oil and gas extraction activities. Leading oil manufacturing companies and oil-exporting nations, such as the Netherlands, the U.S, Saudi Arabia, Russia, the U.K., and Canada are engaged in these activates to penetrate more markets and surge their revenues.
Industrial valves and actuators are extensively used to control the rate of fluids via pipelines in wastewater treatment plants, power plants and refineries. The demand is predicted to be increased from several end-use industries, such as energy and power, oil and gas, and water and wastewater management.
The wastewater & water treatment industry is also a leading user of the product. Preference for quality and clean water is one of the key factors for industrial valves & actuators market growth. Actuators and industrial valves are used in controlling and monitoring water treatment and help in transportation activities to augment the productivity and efficiency of processes of water treatment. Increasing mechanization in this industry is projected to supplement market growth over the forecast duration.
Also, the market is driven by stringent norms enforced by regulatory bodies in the Asia Pacific, Europe and North America. These norms are promoting executives of end-use industries to use smart actuators and valves. The oil and gas industry is following these norms to reduce the release of harmful gases to the environment.
The industrial actuators market is segregated into hydraulic, mechanical, pneumatic and electric. The pneumatic actuators category is propelled by its wide use across various industries such as oil & gas, mining, chemical, food & beverage, and energy & power. These industries do not prefer electric actuators due to their constant water use and other fluids used on the production floor. This segment is anticipated to touch USD 19.60 billion by the end of 2025.
The oil and gas industry occupied the largest share due to wide applications in the refining process, natural gas generation and crude oil extraction. Furthermore, due to the increasing strictness of environment safety norms, nearly 10% of industrial valves are replaced every year.
The water & wastewater sector incorporate valves and actuators for continuous supply of for several manufacturing processes and management of wastewater produced by these industries. There are almost 90,000 municipal wastewater setups that are predicted to invest approx. USD 4.50 billion on industrial valves by the end of 2019. This is projected to fuel the market growth in the upcoming years.
Ball valves division is anticipated to lead the industrial valves market in the coming years. These are extensively used in the power and energy sector due to their wide application for condensate and steam purposes. These valves are incapable of functioning under enormously high-pressure, thus, resulting in hindering the sales of the product. The segment is expected to touch USD 15.97 billion by the end of 2025.
Linear actuators are predicted to lead the market, expanding with a CAGR of 5.19% over the estimated period. Factors such as growing demand for controlling combustion, decreasing production cost, and increasing efficiency are driving the segment growth. Further, strict environmental norms and increasing mechanization in industries across developing countries are projected to bode well for growth in the upcoming years.
Asia Pacific occupied the largest market share in 2017, for both actuators and industrial valves. This is attributed to huge investments by developing nations such as India and China in valves production to satisfy the growing demand in several industries such as energy & power, water & wastewater, and food & beverage. Middle East and Africa are projected to ascend with a CAGR of 4.4% over the estimated duration.
North America market is dominated by the U.S. owing to the increasing usage in industries such as food and beverage, oil and gas, water and wastewater, energy and power, and chemical.
Leading players of the industry are Honeywell International, Inc.; Eaton; Alfa Laval AB; Emerson Electric Co.; IMI plc; Valvitalia SpA; AVK Holding A/S; Eaton; Curtiss-Wright Corporation; Velan, Inc.; and IMI plc. The players are emphasizing on huge investments in research & development to come up with innovative solutions and maintain their dominance.
The global market is highly competitive due to the operation of many small scale and medium scale producers. Market players are continuously engaged in various initiatives such as joint ventures, M&A, business partnerships and product launches. These initiatives are aimed at increasing the market share and providing an improved product offering to the consumers.
Base year for estimation
Actual estimates/Historical data
2015 - 2016
2018 - 2025
Revenue in USD Million and CAGR from 2018 to 2025
North America, Europe, Asia Pacific, South America, and MEA
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, South Korea, Singapore, Australia, Brazil, Argentina, Saudi Arabia, UAE, and South Africa
Revenue forecast, company market share, competitive & vendor landscape, regulatory landscape, competitive landscape, growth prospects, and trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global industrial valves and actuators market report based on product, system, end use, and region:
• Product Outlook (Revenue, USD Million, 2015 - 2025)
• Industrial Valves
• Others (Diaphragm, Check)
• Industrial Actuators
• System Outlook (Revenue, USD Million, 2015 - 2025)
• Industrial Actuators
• End Use Outlook (Revenue, USD Million, 2015 - 2025)
• Oil & Gas
• Energy & Power
• Water & Wastepaper
• Pulp & Paper
• Food & Beverage
• Others (manufacturing, electronics, marine, and textiles)
• Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• Asia Pacific
• South Korea
• South America
• Middle East & Africa
• Saudi Arabia
• United Arab Emirates (UAE)
• South Africa
Research Support Specialist, USA