Global Actuators and Valves Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of xx.xx% during the forecast period that is 2017-2025.
Global Actuators and Valves Market Size, Share Analysis By Region 2017
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global actuators and valves market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global actuators and valves market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
An actuator is a piece of equipment which is responsible for the movement and controlling a system. It is usually referred to as a mover, as it regulates the movement of other components. It operates through a mechanism by a control system which acts on outer environment. The control system incorporated with the actuators can be a simple (an electronic or fixed mechanical), or it might be software-based, manual system, or any input. A valve is a component which regulates, the flow of fluid by obstructing fluid passages. Technically, the valves are referred to as fittings which find applications in all kinds of fluid passages.
Valves & Actuators serve a wide range of industrial applications, where the fluid flow control is required. Growing industrial automation activities across various developing and developed economies have increased the need for actuators and valves. End-use industries such as oil & gas, pharmaceutical, and chemical are some of the major end-use industries which primarily require actuators and valves. Rising manufacturing sector will further assist the growth of actuators and valves market majorly in the developing economies of the Asia Pacific and Europe, such as China, India, Spain, Italy, France respectively. Moreover, rising oil & gas exploration and refining activities in the North America region will give a further boost to the global actuators and valves market over the projected period.
Actuators and valves find significant use in water treatment applications. Rapidly increasing demand for wastewater treatment has further created an additional need for actuators and valves over the previous years. The huge growth in the population globally has escalated the demand for wastewater recycling. Though many developed countries have a well-established infrastructure for water treatment, there is a lack of proper infrastructure in the developing economies which will create an additional product demand from these countries over the forecast years.
Valve manufacturers don’t follow a unique standard at the time of manufacturing, due to the unavailability of standard certifications and policies. Moreover, this market is further restrained by the lack of product differentiation by various manufacturers.
By type, the actuators market has been segmented into manual, hydraulic, pneumatic, electric, and others. Among all, the pneumatic actuators segment is predicted to hold the major market share throughout the forecast period. This is majorly due to the sustainability of pneumatic actuators in overload pressure conditions, coupled with the product’s high efficiency in fluid power applications. The valves market has been segmented by type into ball valve, butterfly valve, diaphragm valve, globe valve, gate valve, and others. Globe and ball valves are projected to have the highest market share till the end of the forecast period, attributed to their applications in fluid flows at high temperature and pressure. Due to their advantages, these valves find applications majorly in end-use industries such as oil & gas, pharmaceutical, and chemical.
Based on the end-use industry, the actuators and valves market has been segmented into oil & gas, chemical, mining, pharmaceutical, paper & pulp, and others. Actuators and valves market for oil & gas and chemical end-use industries are predicted to have the dominant shares throughout the projected period. Increasing production of chemical compounds, and materials, coupled with rising refinery processes will significantly accelerate the growth of actuators and valves market.
The global actuators and valves market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years. This can be primarily attributed to the growing demand from the oil & gas, and chemical industry verticals. China, India, Indonesia, Malaysia, and Thailand. Rising refining activities in these countries are positively impacting the market growth in this region.
Some of the prominent players in the global actuators and valves market include Honeywell International Inc., Rotork plc., Flowserve Corporation, Emerson Electric Co., AVK Holdings A/S, Schlumberger Limited, Kitz Corporation, and Tyco International Ltd. among others.
Global Actuators and Valves Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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