Actuators Valves Market Size, Share, Industry Trends and Forecast to 2030

Actuators Valves Market Size & CAGR in 2021:

The global actuator valves market is expected to witness a CAGR of 5.2% from 2021 to 2026, with the market size projected to reach USD 12.3 billion by 2026. The market is driven by the increasing demand for automation in various industries, including oil & gas, water & wastewater treatment, and power generation.

COVID-19 Impact on the Actuators Valves Market:

The COVID-19 pandemic had a significant impact on the actuators valves market in 2020. The market experienced a temporary slowdown due to the halt in manufacturing activities and supply chain disruptions. However, with the gradual recovery of the global economy, the market is expected to bounce back and witness steady growth in the coming years.

Actuators Valves Dynamics:

The actuators valves market is driven by factors such as increasing investments in infrastructure development, the rise in industrial automation, and the growing adoption of smart valves. The market is also propelled by the need for efficient process control and the increasing focus on reducing energy consumption in industrial processes.

Segments and Related Analysis:

The actuators valves market is segmented based on type, actuation method, end-user, and region. By type, the market is categorized into pneumatic, hydraulic, electric, and others. Based on actuation method, the market is divided into multi-turn, quarter-turn, and linear. The end-user segment includes oil & gas, water & wastewater treatment, power generation, chemicals, and others.

By Region Analysis:

The actuators valves market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of key players and high investments in industrial automation. Asia Pacific is also anticipated to witness significant growth owing to the rapid industrialization and infrastructure development in countries like China and India.

Key Market Players and Competitive Landscape:

Major players in the actuators valves market include Emerson Electric Co., Flowserve Corporation, Rotork plc, Honeywell International Inc., and Schneider Electric. These companies are focusing on product development, strategic partnerships, and acquisitions to strengthen their market presence and expand their product portfolio. The market is highly competitive with a strong emphasis on technological advancements and innovation.

Recent Happenings in the Actuators Valves Market:

In recent developments, Emerson Electric Co. introduced a new range of electric actuators with advanced control features for enhanced efficiency. Flowserve Corporation launched a series of smart valves equipped with IoT capabilities for remote monitoring and control. Rotork plc announced a strategic partnership with a leading software provider to enhance its digital solutions for actuators valves. Honeywell International Inc. unveiled a new generation of pneumatic actuators with improved performance and reliability. Schneider Electric introduced a cloud-based platform for remote valve monitoring and maintenance.