Product Code: GVR-2-68038-573-1
Industrial Valves And Actuators Market Growth & Trends:
The global industrial valves and actuators market size is expected to reach USD 207.45 billion by 2030, registering a CAGR of 5.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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. Furthermore, 3D printing, also known as additive manufacturing (AM), has the potential to transform the production of industrial valves and actuators. A myriad of conventional designs and products, including check valves, gate valves, and servo valves, can now be developed using 3D printing technology. The technology is helping valve manufacturers in changing the approach from "Just-in-time (JIT) delivery" to "JIT manufacturing".
Asia Pacific is expected to dominate the market over the forecast period owing to rising subsea explorations and increasing investments in industries such as chemical, water and wastewater, and energy and power. Moreover, expanding the production of oil sands and shale gas in North America and growing exploration in regions such as Africa and Asia have spurred market demand. Replacement of old and inefficient valves with more efficient ones for gas transportation in midstream infrastructure is also anticipated to boost demand over the forecast period.
Industrial Valves And Actuators Market Report Highlights:
- The linear segment accounted for the highest revenue share of 52.2% in 2022 and is estimated to register the fastest CAGR of 4.9% over the forecast period. It is owing to the rising need for combustion control, increased efficiency, and reduced production costs.
- The ball valves segment had the highest revenue share of 21.3% in 2022. These are generally preferred for steam and condensate applications and hence, find extensive use across the energy and power sector.
- Asia Pacific dominated the market and accounted for the highest revenue share of 39.2% in 2022 and is expected to witness a significant CAGR of 6.0% over the forecast period due to increasing demand from industries such as oil & gas, water & wastewater, and energy & power in emerging economies like China and India
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. System
- 1.1.3. End use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. System outlook
- 2.2.3. End use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Valves and Actuators Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Industrial Valves and Actuators Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Industrial Valves And Actuators Market: Product Estimates & Trend Analysis
- 4.1. Industrial Valves and Actuators Market: Key Takeaways
- 4.2. Industrial Valves and Actuators Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Industrial Valves
- 4.3.1. Industrial valves market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.2. Gate Valve
- 4.3.2.1. Gate valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.3. Globe Valve
- 4.3.3.1. Globe valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.4. Ball Valve
- 4.3.4.1. Ball valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.5. Butterfly Valve
- 4.3.5.1. Butterfly valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.6. Safety Valve
- 4.3.6.1. Safety valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.7. Plug Valve
- 4.3.7.1. Plug valve market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.8. Others (Diaphragm, Check)
- 4.3.8.1. Others (diaphragm, check) market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Industrial Actuators
- 4.4.1. Industrial actuators market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4.2. Linear Actuator
- 4.4.2.1. Linear actuator market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4.3. Rotary Actuator
- 4.4.3.1. Rotary actuator market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Industrial Valves And Actuators Market: Industrial Actuators System Estimates & Trend Analysis
- 5.1. Industrial Valves and Actuators Market: Key Takeaways
- 5.2. Industrial Valves and Actuators Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Industrial Actuators
- 5.3.1. Industrial actuators market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.3.2. Mechanical Actuator
- 5.3.2.1. Mechanical actuator market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.3.3. Electric Actuator
- 5.3.3.1. Electric actuator market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.3.4. Pneumatic Actuator
- 5.3.4.1. Pneumatic actuator market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.3.5. Hydraulic Actuator
- 5.3.5.1. Hydraulic actuator market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Industrial Valves And Actuators Market: End Use Estimates & Trend Analysis
- 6.1. Industrial Valves and Actuators Market: Key Takeaways
- 6.2. Industrial Valves and Actuators Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Oil & Gas
- 6.3.1. Oil & gas market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.4. Chemical
- 6.4.1. Chemical market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.5. Energy & Power
- 6.5.1. Energy & power market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.6. Water & Wastewater
- 6.6.1. Water & wastewater market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.7. Pulp & Paper
- 6.7.1. Pulp & paper market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.8. Food & Beverage
- 6.8.1. Food & beverage market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Industrial Valves And Actuators Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Industrial Valves and Actuators Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.5. South Korea
- 7.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. Saudi Arabia
- 7.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.2. South Africa
- 7.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. ABB
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. ALFA LAVAL
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. AVK Holding A/S
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Avada
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Curtiss-Wright Corporation
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Delta Pacific Valve Mfg. Co.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Eaton
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Emerson Electric Co.
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Festo Inc.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Flowserve Corporation
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. Goodwin PLC.
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.12. GWC Italia S.p.A.
- 8.2.12.1. Company overview
- 8.2.12.2. Financial performance
- 8.2.12.3. Product benchmarking
- 8.2.12.4. Strategic initiatives
- 8.2.13. Honeywell International Inc.
- 8.2.13.1. Company overview
- 8.2.13.2. Financial performance
- 8.2.13.3. Product benchmarking
- 8.2.13.4. Strategic initiatives
- 8.2.14. IMI
- 8.2.14.1. Company overview
- 8.2.14.2. Financial performance
- 8.2.14.3. Product benchmarking
- 8.2.14.4. Strategic initiatives
- 8.2.15. Moog Inc.
- 8.2.15.1. Company overview
- 8.2.15.2. Financial performance
- 8.2.15.3. Product benchmarking
- 8.2.15.4. Strategic initiatives
- 8.2.16. PARKER HANNIFIN CORP
- 8.2.16.1. Company overview
- 8.2.16.2. Financial performance
- 8.2.16.3. Product benchmarking
- 8.2.16.4. Strategic initiatives
- 8.2.17. PETROLVALVES S.P.A
- 8.2.17.1. Company overview
- 8.2.17.2. Financial performance
- 8.2.17.3. Product benchmarking
- 8.2.17.4. Strategic initiatives
- 8.2.18. Rotork
- 8.2.18.1. Company overview
- 8.2.18.2. Financial performance
- 8.2.18.3. Product benchmarking
- 8.2.18.4. Strategic initiatives
- 8.2.19. SLB
- 8.2.19.1. Company overview
- 8.2.19.2. Financial performance
- 8.2.19.3. Product benchmarking
- 8.2.19.4. Strategic initiatives
- 8.2.20. SMC Corporation
- 8.2.20.1. Company overview
- 8.2.20.2. Financial performance
- 8.2.20.3. Product benchmarking
- 8.2.20.4. Strategic initiatives
- 8.2.21. Valvitalia SpA
- 8.2.21.1. Company overview
- 8.2.21.2. Financial performance
- 8.2.21.3. Product benchmarking
- 8.2.21.4. Strategic initiatives
- 8.2.22. Velan Inc.
- 8.2.22.1. Company overview
- 8.2.22.2. Financial performance
- 8.2.22.3. Product benchmarking
- 8.2.22.4. Strategic initiatives
- 8.2.23. Watts
- 8.2.23.1. Company overview
- 8.2.23.2. Financial performance
- 8.2.23.3. Product benchmarking
- 8.2.23.4. Strategic initiatives