The global industrial valves and actuators market size is expected to be worth around US$ 245.7 billion by 2030, according to a new report by Vision Research Reports.
The global industrial valves and actuators market size was valued at US$ 205.11 billion in 2020 and is anticipated to grow at a CAGR of 6.17% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 245.7 Bn by 2030 |
| Growth Rate | CAGR of 6.17% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, System, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA. |
Growth Factors
Growing demand in the industrial sector, technological advancements propelling the use of smart valves and actuators, and stringent government regulations have bolstered market growth. The adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they offer in controlling temperature and pressure throughout downstream, midstream, and upstream activities. Thus, growing oil and gas exploration activities have triggered the demand for industrial valves and actuators.
Increasing global water stress, coupled with industrial wastewater disposal in aquatic ecosystems, has led to an urgent need for water reclamation. In order to curb these rising issues, demand for effective treatment equipment systems has increased, thereby opening up immense opportunities in water and wastewater industries.
By Industrial Actuator Systems Analysis
By system, the industrial actuators market is segmented into mechanical, electric, pneumatic, and hydraulic. The pneumatic actuators segment is driven by its extensive application in industries such as mining and extraction, energy and power, chemical, and oil and gas.
These industries avoid using electric actuators owing to continuous use of water and other conductive fluids on the production floor. The segment is expected to reach USD 20.60 billion by 2030.
By End-use Analysis
The oil and gas industry accounted for the majority share owing to extensive application in natural gas generation, crude oil extraction, and refining processes. Moreover, owing to increasing stringency of safety standards, around 10% of installed valves are replaced on a yearly basis.
The water and wastewater industry includes application processes such as supply of water for manufacturing purpose and treatment of wastewater generated by industries.
By Product Analysis
The ball valves segment is expected to dominate the industrial valves market over the forecast period. These are generally preferred for steam and condensate applications and hence, find extensive use across the energy and power sector.
Linear actuators are expected to dominate the market for industrial actuators, registering a CAGR of 5.19% over the forecast period. This is owing to rising need for combustion control, increased efficiency, and reduced production costs.
By Regional Analysis
Asia Pacific held the largest share in 2020, for both industrial valves and actuators. This is owing to prominent emerging economies such as China and India investing heavily in valve manufacturing to cater to the rising demand in industries such as such as water and wastewater, food and beverage, and energy and power.
In North America, U.S. dominated the market owing to strong usage scope in industries such as chemical, oil and gas, energy and power, water and wastewater, and food and beverage.
Key Players
Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA.
Market Segmentation
- By Product
- Industrial Valves
- Gate
- Globe
- Ball
- Butterfly
- Safety
- Plug
- Others (Diaphragm, Check)
- Industrial Actuators
- Linear
- Rotary
- Industrial Valves
- By System
- Industrial Actuators
- Mechanical
- Electric
- Pneumatic
- Hydraulic
- Industrial Actuators
- By End-use
- Oil & Gas
- Chemical
- Energy & Power
- Water & Wastewater
- Pulp & Paper
- Food & Beverage
- Others (manufacturing, electronics, marine, and textiles)
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates (UAE)
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Industrial Valves and Actuators Market, By Product
7.1. Industrial Valves and Actuators Market, by Product, 2021-2030
7.1.1. Industrial Valves
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Industrial Actuators
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Industrial Valves and Actuators Market, By System
8.1. Industrial Valves and Actuators Market, by System, 2021-2030
8.1.1. Industrial Actuators
8.1.1.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Industrial Valves and Actuators Market, By End User
9.1. Industrial Valves and Actuators Market, by End User, 2021-2030
9.1.1. Oil & Gas
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Chemical
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Energy & Power
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Water & Wastewater
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Pulp & Paper
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Food & Beverage
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Others (manufacturing, electronics, marine, and textiles)
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Industrial Valves and Actuators Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by System (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by System (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by System (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by System (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by System (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by System (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by System (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by System (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by System (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by System (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by System (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by System (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by System (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by System (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by System (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by System (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by System (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by System (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by System (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by System (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by System (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Emerson Electric Co
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Flowserve Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. IMI plc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Alfa Laval AB
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. AVK Holding A/S
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Eaton
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Honeywell International, Inc
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Velan, Inc
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Valvitalia SpA
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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