Global industrial valves and actuators market is segmented into product, system, end-use and regions. The global industrial valves and actuators market is divided into industrial valves and industrial actuators on the basis of product segmentation. The industrial valves segment is further sub-segmented into gate valve, globe valve, ball valve, butterfly valve, safety valve, and plug Valve, others (diaphragm, check). Industrial actuator segment is further sub-segmented into linear actuators and rotary actuators. Based on the segmentation of system, the global industrial valves and actuators market is bifurcated into industrial actuators. Industrial actuators are further sub-segmented into mechanical actuators, electric actuators, pneumatic actuators, hydraulic actuators. On the basis of end-use the global industrial valves and actuators market is categorized by oil & gas, chemical, energy & power, water & wastewater, pulp & paper, food & beverage, and others (manufacturing, electronics, marine, and textiles). On the basis of regions, the global industrial valves and actuators market is distributed into North America, Europe, Asia Pacific, South America and Middle East & Africa.
In the recent times the growing awareness with respect to sustaining the environment has diverted the focus towards proper global water consumption and usage, along with disposal of industrialized wastewater in aquatic ecosystem to ensure water recovery. In turn, the demand for efficient treatment equipment systems ahs augmented. Secondly, there has been a rise in activities involving oil and gas exploration, presenting ample opportunities for the global industrial valves and actuators market. Factors such as advancement in technology and strict government regulations have also pushed global industrial valves and actuators market growth. The various benefits offered by them have surfaced amking the consumers aware.
It is expected that the global industrial valves and actuators market will grow at a CAGR of 4.16%, reaching USD 146.58 billion mark in terms of revenue by the end of the year 2026.
Here are some more points to explain about the global industrial valves and actuators market:
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