Global Industrial Valves and Actuators Market is valued approximately at USD 123.63 billion in 2022 and is anticipated to grow with a growth rate of more than 4.14% over the forecast period 2023-2030. Industrial valves and actuators are devices that control the flow of fluids in industrial applications. Valves are used to open, close, or partially obstruct the flow of fluids, while actuators are used to move the valves. There are many different types of industrial valves and actuators, each designed for a specific application. The surging demand from various end-use industries, growing focus on safety and reliability, stringent government regulations, coupled with high demand from various industrial applications are the key factors that are impelling the market growth across the globe.
Additionally, the growing trend of industrial automation is acting as a catalyzing factor for market growth during the estimated period. Automation and process control systems are becoming increasingly prevalent in industrial processes to enhance productivity, efficiency, and safety. Valves and actuators play a crucial role in automating and controlling various industrial operations, leading to increased demand. According to Statista, in 2020, the industrial automation market accounted for USD 175 billion, which is anticipated to reach USD 265 billion by the year 2025. Thus, these aforementioned factors are propelling the growth of the Industrial Valves and Actuators Market at a considerable rate. Moreover, the surge adoption of novel technologies, as well as increasing focus on developing valves and actuators for harsh environments present various lucrative opportunities over the forecast years. However, the fluctuating raw material prices and environmental concerns are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Industrial Valves and Actuators Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing focus on safety and reliability, rising technological advancements, and growing applications in range of industries. Whereas, Asia Pacific is the fastest growing region over the forecast years. The growing industrialization, increasing industrial automation in emerging economies, as well as stringent government regulations are significantly propelling the market demand across the region.
Major market players included in this report are:
- ABB Ltd.
- Alfa Laval
- AVK Holding A/S
- Camtech Manufacturing FZCO
- Curtiss-Wright Corporation
- Delta Pacific Supplies, Inc.
- Eaton Corporation
- Emerson Electric Co.
- Festo AG & Co. KG
- Flowserve Corporation
Recent Developments in the Market:
- In December 2022, Emerson announced the launch of the ASCO Series 209 proportional flow control valves, which present the highest standards of pressure ratings, precision, flow characteristics, and energy efficiency that are available in a purpose-built, compact architecture. Series 209 valves enables users to accurately regulate the flow of fluid in multiple devices with this combination of size and performance, which necessitates better performance that are found in the medical equipment, food and beverage, and heating, ventilation and air conditioning (HVAC) industries.
Global Industrial Valves and Actuators Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, System, End-use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Industrial Valves
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Safety Valve
- Plug Valve
- Others (Diaphragm, Check)
- Industrial Actuators
- Linear Actuator
- Rotary Actuator
By System:
- Mechanical Actuator
- Electric Actuator
- Pneumatic Actuator
- Hydraulic Actuator
By End-use:
- Oil & Gas
- Chemical
- Energy & Power
- Water & Wastewater
- Pulp & Paper
- Food & Beverage
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Valves and Actuators Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Valves and Actuators Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Industrial Valves and Actuators Market, by System, 2020-2030 (USD Billion)
- 1.2.4. Industrial Valves and Actuators Market, by End-use, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Industrial Valves and Actuators Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Industrial Valves and Actuators Market Dynamics
- 3.1. Industrial Valves and Actuators Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Stringent government regulations
- 3.1.1.2. Growing trend of industrial automation
- 3.1.2. Market Challenges
- 3.1.2.1. Fluctuating raw material prices
- 3.1.2.2. Environmental concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Surge adoption of novel technologies
- 3.1.3.2. Increasing focus on developing valves and actuators for harsh environments
Chapter 4. Global Industrial Valves and Actuators Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Valves and Actuators Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Industrial Valves and Actuators Market by Product, Performance - Potential Analysis
- 5.3. Global Industrial Valves and Actuators Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Industrial Valves and Actuators Market, Sub Segment Analysis
- 5.4.1. Industrial Valves
- 5.4.1.1. Gate Valve
- 5.4.1.2. Globe Valve
- 5.4.1.3. Ball Valve
- 5.4.1.4. Butterfly Valve
- 5.4.1.5. Safety Valve
- 5.4.1.6. Plug Valve
- 5.4.1.7. Others (Diaphragm, Check)
- 5.4.2. Industrial Actuators
- 5.4.2.1. Linear Actuator
- 5.4.2.2. Rotary Actuator
Chapter 6. Global Industrial Valves and Actuators Market, by System
- 6.1. Market Snapshot
- 6.2. Global Industrial Valves and Actuators Market by System, Performance - Potential Analysis
- 6.3. Global Industrial Valves and Actuators Market Estimates & Forecasts by System 2020-2030 (USD Billion)
- 6.4. Industrial Valves and Actuators Market, Sub Segment Analysis
- 6.4.1. Mechanical Actuator
- 6.4.2. Electric Actuator
- 6.4.3. Pneumatic Actuator
- 6.4.4. Hydraulic Actuator
Chapter 7. Global Industrial Valves and Actuators Market, by End-use
- 7.1. Market Snapshot
- 7.2. Global Industrial Valves and Actuators Market by End-use, Performance - Potential Analysis
- 7.3. Global Industrial Valves and Actuators Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
- 7.4. Industrial Valves and Actuators Market, Sub Segment Analysis
- 7.4.1. Oil & Gas
- 7.4.2. Chemical
- 7.4.3. Energy & Power
- 7.4.4. Water & Wastewater
- 7.4.5. Pulp & Paper
- 7.4.6. Food & Beverage
- 7.4.7. Others
Chapter 8. Global Industrial Valves and Actuators Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Industrial Valves and Actuators Market, Regional Market Snapshot
- 8.4. North America Industrial Valves and Actuators Market
- 8.4.1. U.S. Industrial Valves and Actuators Market
- 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. System breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Industrial Valves and Actuators Market
- 8.5. Europe Industrial Valves and Actuators Market Snapshot
- 8.5.1. U.K. Industrial Valves and Actuators Market
- 8.5.2. Germany Industrial Valves and Actuators Market
- 8.5.3. France Industrial Valves and Actuators Market
- 8.5.4. Spain Industrial Valves and Actuators Market
- 8.5.5. Italy Industrial Valves and Actuators Market
- 8.5.6. Rest of Europe Industrial Valves and Actuators Market
- 8.6. Asia-Pacific Industrial Valves and Actuators Market Snapshot
- 8.6.1. China Industrial Valves and Actuators Market
- 8.6.2. India Industrial Valves and Actuators Market
- 8.6.3. Japan Industrial Valves and Actuators Market
- 8.6.4. Australia Industrial Valves and Actuators Market
- 8.6.5. South Korea Industrial Valves and Actuators Market
- 8.6.6. Rest of Asia Pacific Industrial Valves and Actuators Market
- 8.7. Latin America Industrial Valves and Actuators Market Snapshot
- 8.7.1. Brazil Industrial Valves and Actuators Market
- 8.7.2. Mexico Industrial Valves and Actuators Market
- 8.8. Middle East & Africa Industrial Valves and Actuators Market
- 8.8.1. Saudi Arabia Industrial Valves and Actuators Market
- 8.8.2. South Africa Industrial Valves and Actuators Market
- 8.8.3. Rest of Middle East & Africa Industrial Valves and Actuators Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. ABB Ltd.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Alfa Laval
- 9.3.3. AVK Holding A/S
- 9.3.4. Camtech Manufacturing FZCO
- 9.3.5. Curtiss-Wright Corporation
- 9.3.6. Delta Pacific Supplies, Inc.
- 9.3.7. Eaton Corporation
- 9.3.8. Emerson Electric Co.
- 9.3.9. Festo AG & Co. KG
- 9.3.10. Flowserve Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption