Author: Acumen Research and Consulting

As reported by Acumen Research & Consulting, the global Industrial Valves and Actuators Market reached USD 121.8 Billion in 2022 and is expected to achieve USD 192.9 Billion by 2032, with a projected CAGR of 4.7% during the forecast period

The global industrial valves and actuators market is experiencing significant growth due to increased demand in the manufacturing and industrial sector, advancements in technology promoting the usage of smart valves and actuators, and strict government regulations. Awareness and acceptance of industrial valves and actuators have been gaining traction among consumers because of the benefits they offer in temperature control and pressure throughout downstream, upstream, and midstream activities. As a result, the growing demand for oil and gas exploration activities has further boosted the demand for industrial valves and actuators.

The rising stress on global water consumption and the disposal of industrialized wastewater into aquatic ecosystems have created a vital need for water recovery. To address these pressing issues, there is an increased demand for efficient treatment equipment systems, presenting opportunities for the water and wastewater industries. Additionally, 3D printing, also known as additive manufacturing, has the potential to transform the production of industrial valves and actuators. Various conventional designs and products, including servo valves, gate valves, and check valves, can now be developed using 3D printing technology. This technology is helping valve manufacturer’s shift from 'Just-in-time (JIT) delivery' to 'JIT manufacturing.'

Rising oil and gas exploration activities are projected to unlock plenty of 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 due to their capability to withstand high-pressure conditions and adverse corrosive conditions in production platforms and refineries. The acceptance, adoption, and implementation of industrial valves and actuators are continuously rising due to the benefits they offer in controlling temperature and pressure throughout upstream, downstream, and midstream activities.

Industrial Valves and Actuators Market Statistics

• The global industrial valves and actuators market is poised to reach USD 121.8 Billion in sales in 2022
• Industrial valves and actuators market growth is expected to grow with a 4.7% CAGR from 2023 to 2032
• Asia-Pacific dominated the market in 2022, holding over 48% of the share
• Asia-Pacific healthcare robotics market is projected to grow at a CAGR of over 5% during the same period
• In terms of product, industrial valves accounted for 55% of the market in 2022
• Oil & gas end-user generated sales of over USD 26.8 billion in 2022
• Rising adoption of IIoT (Industrial Internet of Things) technology acts as a key trend in the Industrial Valves and Actuators industry

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Industrial Valves and Actuators Market Dynamics

Increasing Automation in Industrial Processes Supports the Industrial Valves and Actuators Market Value

The industrial valves and actuators market is experiencing robust growth, driven by the increasing automation in industrial processes. As industries embrace automation to enhance efficiency and precision, the demand for advanced industrial valves and actuators has surged. These components play a crucial role in controlling the flow of liquids and gases in automated systems, contributing to the seamless operation of various industrial processes. The integration of smart technologies and automation solutions further propels the expansion of the industrial valves and actuators market, catering to the evolving needs of modern industrial settings.

Development of Eco-Friendly and Energy-Efficient Valve Solutions Generates Numerous Opportunities for the Industrial Valves and Actuators Market

The ongoing development of eco-friendly and energy-efficient valve solutions is a key driver of opportunities within the industrial valves and actuators market. As industries increasingly prioritize sustainability and energy conservation, there is a growing demand for valves and actuators that not only perform effectively but also contribute to environmental responsibility. The adoption of eco-friendly solutions not only aligns with global environmental goals but also opens doors for innovation and market growth. Manufacturers focusing on the creation of sustainable and energy-efficient valve technologies are well-positioned to capitalize on the evolving needs of industries striving for both operational excellence and environmental stewardship.

Industrial Valves and Actuators Market Segmentation

The global market for industrial valves and actuators has been segmented into product, system, end-use, and region.

• The product segment split into industrial valves (gate valve, globe valve, ball valve, butterfly valve, safety valve, plug valve, and others) and industrial actuators (linear actuators and rotary actuators)
• System segment includes industrial actuators (mechanical actuators, electric actuators, pneumatic actuators, and hydraulic actuators)
• Oil & gas, chemical, energy & power, water & wastewater, pulp & paper, food & beverage, and others (manufacturing, electronics, marine, and textiles) are covered under the end-user segment of the market
• Finally, the market is segmented by geography, with Asia-Pacific, Latin America, North America, Europe, and the Middle East and Africa (MEA) included

Industrial Valves and Actuators Market Share Analysis

In terms of revenue, the linear actuator segment is expected to remain dominant in the industrial actuator market by product, owing to its preferred usage for globe, check, gate, safety valves, among others. The market share for ball valves is expected to be greater among others in the industrial valves product segment, owing to their widespread demand across water & wastewater, oil & gas, chemical, and energy & power industries. The Asia Pacific industrial valves and actuators market is expected to be the largest and fastest-growing region during the forecast period, in terms of revenue, owing to increasing demand from industries such as energy & power, water & wastewater, and oil & gas in emerging economies like India and China.

Industrial Valves and Actuators Market Regional Outlook

Asia Pacific is expected to dominate the market over the forecast period due to the rising subsea explorations and increasing investments in industries such as chemicals, water and wastewater, and energy and power. Additionally, the expanding production of oil sands and shale gas in North America, along with growing exploration in regions such as Asia and Africa, has spurred market demand. The 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.

Industrial Valves and Actuators Market Players

The key players catering to the global industrial valves and actuators market include prominent industry participants such as Emerson Electric Co., Flowserve Corporation, IMI plc, Schlumberger Limited, and AVK Holding A/S, among others. These global players are continuously investing in R&D activities and innovating to maintain an updated technology-based product portfolio, attracting more business opportunities from emerging nations, particularly in Asia-Pacific countries.

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