Industrial Valves and Actuators Market (By Product: Industrial Valves [Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Safety Valve, Plug Valve, Others (Diaphragm, Check)], Industrial Actuators [Linear Actuators, Rotary Actuators]; By System: Industrial Actuators [Mechanical Actuators, Electric Actuators, Pneumatic Actuators, Hydraulic Actuators]; By End-Use: Oil & Gas, Chemical, Energy & Power, Water & Wastewater, Pulp & Paper, Food & Beverage, Others (manufacturing, electronics, marine, and textiles)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Energy and Power | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global industrial valves and actuators market size in terms of revenue is expected to reach USD 146.58 billion by 2026, and is expected to experience a CAGR of 4.16% during the forecast period. Increasing demand in the manufacturing and industrial sector, advancement in technology that propels usage of smart valves and actuators, and strict government regulations has boosted global industrial valves and actuators market growth. Awareness and acceptance of industrial valves and actuators has been gaining traction among the consumers due to the benefits which it offer in temperature controlling and pressure throughout downstream, upstream, and midstream activities. Hence, increasing oil and gas exploration activities have enhanced demand for industrial valves and actuators.

Market Dynamics

Rising oil and gas exploration activities are projected to unlock plenty growth opportunities for the global industrial valves and actuators market. In addition to offshore activities, industrial valves and actuators can be utilized in onshore activities, where adoption has been growing attributable to their capability to withstand high-pressure conditions and adverse corrosive conditions in production platforms and refineries. Acceptance, adoption and implementation of industrial valve and actuator is rising continuously due to the benefits they offer in controlling the temperature and pressure throughout upstream, downstream, and midstream activities.

Market Insights

Rising stress for global water consumption and usage, along with disposal of industrialized wastewater in aquatic ecosystems, has led to vital need for water recovery. In order to minimize these alarming issues, demand for efficient treatment equipment systems have augmented, thus making opportunities for water and wastewater industries. Additionally, 3D printing, also known as additive manufacturing, has the potential to transform the production of industrial valves and actuators. A myriad of conventional designs and products, including servo valves, gate valves, and check valves, be able to now be developed using 3D printing technology. The technology is aiding valve manufacturers in changing the approach from “Just-in-time (JIT) delivery” to “JIT manufacturing”.

Market Segmentation

Market By Product

  • Industrial Valves
    • Gate Valve
    • Globe Valve
    • Ball Valve
    • Butterfly Valve
    • Safety Valve
    • Plug Valve
    • Others (Diaphragm, Check)
  • Industrial Actuators
    • Linear Actuators
    • Rotary Actuators

Market By System

  • Industrial Actuators
    • Mechanical Actuators
    • Electric Actuators
    • Pneumatic Actuators
    • Hydraulic Actuators

Market By End-Use

  • Oil & Gas
  • Chemical
  • Energy & Power
  • Water & Wastewater
  • Pulp & Paper
  • Food & Beverage
  • Others (manufacturing, electronics, marine, and textiles)

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Asia Pacific is expected to dominate the market over the forecast period owing to rising sub sea explorations and rising investments in industries such as chemical water and wastewater, and energy and power. In addition, expanding production of oil sands and shale gas in North America and growing exploration in regions such as Asia and Africa has spurred market demand. Replacement of old and inefficient valves with more effective ones for gas transportation in midstream infrastructure is also anticipated to boost demand over the forecast period.

Market Participants

The key players catering to the global industrial valves and actuators market are Prominent industry participants include Emerson Electric Co., Flowserve Corporation, IMI plc, Schlumberger Limited, and AVK Holding A/S. and among others. The global players are continuously investing in R&D activities and innovating to have updated technology based product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries.


Related Reports

Hydraulic Turbine Market (By Type: Reaction Turbin [Francis Turbine, Kaplan Turbine, Bulb Turbine], Impulse Turbine [Cross Flow Turbine, Pelton Turbine]; By Installation Site: Large Hydro Plants, Mini Hydro Plants, Micro Hydro Plants, Pico Hydro Plants; By Head Type: High, Medium, Low) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Hydraulic Turbine market is expected to grow at noteworthy CAGR around 4.5 % throughout the forecast period and reach around US$ 2.9 billion by 2026. Hydro turbine is the electro-mechanical power generating equipment used for hydropower generation projects. Hyd

Building-Integrated Photovoltaics Market (By Technology: Thin Film, C-Si, Others; By Application: Roofs, Glass, Façade, Walls, Others; By End Use: Industrial, Commercial, Residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Building-Integrated Photovoltaics market is expected to grow at noteworthy CAGR around 17.8 % throughout the forecast period and reach around US$ 32.5 billion by 2026. A photovoltaic integrated system (PVI) is an essential element of the construction skin that

Oil Pipeline Infrastructure Market (By Product: Petroleum Product, Crude Oil; By Application: Offshore, Onshore; By Operation: Gathering, Transmission; By Diameter: > 24 Inch, ? 8 Inch, >8-24 Inch) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Oil Pipeline Infrastructure market is expected to grow at noteworthy CAGR throughout the forecast period and reach cumulative installation around 1 million Km by 2026. The infrastructure for the oil pipeline helps to transport gas via the pipeline system to a c

Marine Mining Market (By Technology: Marine Seismic Methods, Remotely Operated Vehicles (ROVs), SONAR; By Application: Automotive, Construction, Electronics, Precious Metals, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction: Marine mining is otherwise called remote ocean mining is alluded to as mineral recovery process that happens on the marine floor. Marine mining is a moderately new mineral recovery process that occurs in the sea. In addition, sea mining destinations are ordinarily around extensive regions of polymetallic knobs or dynamic and wiped out aqueous vents at 1,400 to 3,700 m

Solid State Transformer Market (By Product: Distribution SST, Traction SST, Power SST; By Component: Converters, Switches, High-frequency Transformers, Others; By Application: Alternative Power Generation, Traction Locomotives, Power Distribution, Electric Vehicle Charging, Others (UPQC, etc.)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction: Solid state transformer (SST), on the other hand, known as "smart transformer," is an amalgamation of powerful semiconductor segments, control hardware, and customary high-recurrence transformers. The savvy transformers are utilized to give extra adaptability to control power conveyance systems, along these lines encouraging the smooth change of AC to DC and DC to AC,

Hydro Turbine Market (By Type: Reaction Turbine [Kaplan Turbine, Bulb Turbine, Francis Turbine], Impulse Turbine [Cross Flow Turbine, Pelton Turbine]; By Installation Type: Large Hydro Plants (more than 500 kw), Mini Hydro Plants (100 kw – 500 kw), Micro Hydro Plants (5 kw – 100 kw), Pico Hydro Plants (0 kw – 5 kw); By Head Type: High Head (300 m to 1500 m), Medium Head (30 m to 300 m), Low Head (Less than 30 m)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction Hydro turbine is the electro-mechanical device used to generate electricity in hydropower generation projects. Hydro turbines transfer power to a rotating electricity generation shaft from moving water. The turbines rotate or turn as a reaction to the water in their blades. In the area of hydro power (the water power generation process), hydro turbines are essential. T

Cart Summary