Analyst Viewpoint
Growth in oil & gas sector and rise in adoption of industrial automation are propelling the actuators and valves market size. Actuators and valves are designed to withstand extreme conditions and are employed in several services of refining and extraction such as hydrocracking and natural gas gathering.
Pneumatic and quarter-turn valves are gaining traction in the global actuators and valves industry. These valves are widely employed in wastewater management, pulp & paper manufacturing, power generation, agriculture, and other industries. Prominent players are developing better designs to explore novel applications for their products and increase their actuators and valves market share.
Actuators and valves are essential components in an industrial system that control the flow of semi-solids, liquids, and gases to increase efficiency. A valve controls the flow of liquid or matter within a process while an actuator offers the necessary mechanical force to operate the valves automatically. Various actuators convert energy from compressed air into mechanical motion. These air actuators are commonly used in various industrial applications for controlling valves, dampers, and other mechanical components.
Actuators and valves have become synonymous with some of the world’s most profitable business verticals due to increase in industrial automation. These components are employed in various industries such as pharmaceuticals, petrochemicals, and manufacturing. In such complex sectors, actuators and valves are used to control pipeline operations and implement system-wide efficient automation. Waterproof electric actuators for marine applications are designed to withstand the challenges posed by marine environments. Rise in demand for water and energy fueled by rapid population growth is boosting the need for essential automation components such as actuators and valves in key industries.
Valves and actuators are commonly employed in the oil & gas sector to manage the flow of oil, gas, water, and condensate in offshore and onshore operations. These equipment must operate in extreme conditions of high temperatures and high corrosion. They must also meet strict government and international agency guidelines.
Oil & gas sector processes that seek the application of actuators and valves include drilling, extraction, transportation, processing, and storage. More specifically, actuators and valves find several service applications such as oil sands, natural gas gathering, and hydrocracking in the sector.
In 2021, a total of 4.2 billion tons (metric tons) of oil was produced globally while the total revenue generated by the oil & gas sector was around US$ 5.0 Trn. In recent years, Asia Pacific has been the only region to register an oil & gas production capacity growth, which offers favorable actuators and valves market opportunities to vendors.
The recent rise of industrial automation is meant to streamline processes, improve operational efficiency, and reduce wastage. Actuators and valves find several applications as most prominent industries in the world are shifting toward digitization and automation.
Smart valves, incorporating sensors and communication capabilities, are gaining prominence and are employed for various tasks such as remote monitoring and optimizing the operational performance of industrial systems in real time. In the water treatment and wastewater sector, actuators and valves with smart sensors are used for data collection in real time. Hence, rise in adoption of industrial automation is driving the actuators and valves market demand.
According to recent actuators and valves market trends, pneumatic valves and quarter-turn valves are witnessing high demand compared to other types of valves in the market. Quarter turn valves offer bi-directional operational capabilities whereas pneumatic valves showcase excellent operational ability to sustain overload pressure. Air actuators, butterfly valves and actuators, and actuated ball valves are other popular types of actuators and valves in the market.
Asia Pacific held largest share in 2022. Expansion in the oil & gas sector is fueling the market dynamics of the region. China is a major oil producer in Asia Pacific. Growth in pharmaceuticals and automotive sectors is also driving market statistics in the region.
According to the latest actuators and valves market forecast, the industry in North America and Europe is projected to grow at a steady pace during the forecast period due to expansion in industries such as oil & gas, petrochemicals, power generation, water and wastewater treatment, and manufacturing. Growth in petrochemical sector and increase in investment in infrastructure development are augmenting the actuators and valves market revenue in Middle East & Africa.
Prominent manufacturers of actuators and valves are investing heavily in advancements in smart technologies and the integration of novel sensors to enhance the functionality of actuators and valves industry components. A key strategy for vendors is the constant adoption of better designs to extend the scope of applications and meet the rising demand from several lucrative industries.
Honeywell International Inc., AVK Holdings A/S., Flowserve Corporation, SLB, Emerson Electric Co., Tyco International Ltd., KITZ Corporation, Burkert Fluid Control Systems, Watts, and Rotork are key vendors in the actuators and valves business.
These companies have been profiled in the actuators and valves market report based on parameters such as company overview, business strategies, product portfolio, financial overview, and business segments.
| Attribute | Detail |
|---|---|
| Market Value in 2022 (Base Year) | US$ 415.3 Mn |
| Market Forecast Value in 2031 | US$ 615.6 Mn |
| Growth Rate (CAGR) | 4.3% |
| Forecast Period | 2023 to 2031 |
| Historical Data Available for | 2021 |
| Quantitative Units | US$ Mn for Value |
| Market Analysis | Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Regions Covered |
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| Countries Covered |
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| Market Segmentation |
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| Companies Profiled |
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| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
It was valued at US$ 415.3 Mn in 2022
It is projected to grow at a CAGR of 4.3% from 2023 to 2031
Growth in oil & gas sector and rise in adoption of industrial automation
The pneumatic valve type segment held the largest share in 2022
Asia Pacific was the leading region in 2022
Honeywell International Inc., AVK Holdings A/S., Flowserve Corporation, SLB, Emerson Electric Co., Tyco International Ltd., KITZ Corporation, Burkert Fluid Control Systems, Watts, and Rotork
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Value Chain Analysis
5.5. Industry SWOT Analysis
5.6. Porter’s Five Forces Analysis
5.7. Raw Material Analysis
5.8. Global Actuators and Valves Market Analysis and Forecast, 2023 - 2031
5.8.1. Market Revenue Projections (US$)
6. Global Actuators and Valves Market Analysis and Forecast, By Product Type
6.1. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
6.1.1. Manual
6.1.2. Hydraulic
6.1.3. Pneumatic
6.1.4. Electric
6.1.5. Mechanical
6.1.6. Other Actuators
6.1.7. Quarter Turn Valves
6.1.8. Multi-turn Valves
6.1.9. Control Valves
6.1.10. Other Valve Types
6.2. Incremental Opportunity, By Product Type
7. Global Actuators and Valves Market Analysis and Forecast, By Application
7.1. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
7.1.1. Agriculture
7.1.2. Mining, Minerals, & Metals
7.1.3. Chemicals & Petrochemicals
7.1.4. Automotive
7.1.5. Energy & Power
7.1.6. Oil & Gas
7.1.7. Paper & Pulp
7.1.8. Pharmaceuticals
7.1.9. Water & Wastewater Treatment
7.1.10. Others
7.2. Incremental Opportunity, By Application
8. Global Actuators and Valves Market Analysis and Forecast, By Region
8.1. Actuators and Valves Market Size (US$ Mn) Forecast, By Region, 2023 - 2031
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
8.2. Incremental Opportunity, By Region
9. North America Actuators and Valves Market Analysis and Forecast
9.1. Regional Snapshot
9.2. Demographic Overview
9.3. Key Trend Analysis
9.3.1. Demand Side
9.3.2. Supply Side
9.4. Consumer Buying Behavior Analysis
9.5. Pricing Analysis
9.5.1. Weighted Average Selling Price (US$)
9.6. Market Share Analysis (%)
9.6.1. Local Manufacturers vs Import
9.7. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
9.7.1. Manual
9.7.2. Hydraulic
9.7.3. Pneumatic
9.7.4. Electric
9.7.5. Mechanical
9.7.6. Other Actuators
9.7.7. Quarter Turn Valves
9.7.8. Multi-turn Valves
9.7.9. Control Valves
9.7.10. Other Valve Types
9.8. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
9.8.1. Agriculture
9.8.2. Mining, Minerals, & Metals
9.8.3. Chemicals & Petrochemicals
9.8.4. Automotive
9.8.5. Energy & Power
9.8.6. Oil & Gas
9.8.7. Paper & Pulp
9.8.8. Pharmaceuticals
9.8.9. Water & Wastewater Treatment
9.8.10. Others
9.9. Actuators and Valves Market Size (US$ Mn) Forecast, By Country, 2023 - 2031
9.9.1. U.S.
9.9.2. Canada
9.9.3. Rest of North America
9.10. Incremental Opportunity Analysis
10. Europe Actuators and Valves Market Analysis and Forecast
10.1. Regional Snapshot
10.2. Demographic Overview
10.3. Key Trend Analysis
10.3.1. Demand Side
10.3.2. Supply Side
10.4. Consumer Buying Behavior Analysis
10.5. Pricing Analysis
10.5.1. Weighted Average Selling Price (US$)
10.6. Market Share Analysis (%)
10.6.1. Local Manufacturers vs Import
10.7. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
10.7.1. Manual
10.7.2. Hydraulic
10.7.3. Pneumatic
10.7.4. Electric
10.7.5. Mechanical
10.7.6. Other Actuators
10.7.7. Quarter Turn Valves
10.7.8. Multi-turn Valves
10.7.9. Control Valves
10.7.10. Other Valve Types
10.8. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
10.8.1. Agriculture
10.8.2. Mining, Minerals, & Metals
10.8.3. Chemicals & Petrochemicals
10.8.4. Automotive
10.8.5. Energy & Power
10.8.6. Oil & Gas
10.8.7. Paper & Pulp
10.8.8. Pharmaceuticals
10.8.9. Water & Wastewater Treatment
10.8.10. Others
10.9. Actuators and Valves Market Size (US$ Mn) Forecast, By Country, 2023 - 2031
10.9.1. U.K.
10.9.2. Germany
10.9.3. France
10.9.4. France
10.9.5. Italy
10.9.6. Spain
10.9.7. The Netherlands
10.9.8. Rest of Europe
10.10. Incremental Opportunity Analysis
11. Asia Pacific Actuators and Valves Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Demographic Overview
11.3. Key Trend Analysis
11.3.1. Demand Side
11.3.2. Supply Side
11.4. Consumer Buying Behavior Analysis
11.5. Pricing Analysis
11.5.1. Weighted Average Selling Price (US$)
11.6. Market Share Analysis (%)
11.6.1. Local Manufacturers vs Import
11.7. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
11.7.1. Manual
11.7.2. Hydraulic
11.7.3. Pneumatic
11.7.4. Electric
11.7.5. Mechanical
11.7.6. Other Actuators
11.7.7. Quarter Turn Valves
11.7.8. Multi-turn Valves
11.7.9. Control Valves
11.7.10. Other Valve Types
11.8. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
11.8.1. Agriculture
11.8.2. Mining, Minerals, & Metals
11.8.3. Chemicals & Petrochemicals
11.8.4. Automotive
11.8.5. Energy & Power
11.8.6. Oil & Gas
11.8.7. Paper & Pulp
11.8.8. Pharmaceuticals
11.8.9. Water & Wastewater Treatment
11.8.10. Others
11.9. Actuators and Valves Market Size (US$ Mn) Forecast, By Country, 2023 - 2031
11.9.1. China
11.9.2. India
11.9.3. Japan
11.9.4. South Korea
11.9.5. Australia
11.9.6. ASEAN
11.9.7. Rest of Asia Pacific
11.10. Incremental Opportunity Analysis
12. Middle East & Africa Actuators and Valves Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Demographic Overview
12.3. Key Trend Analysis
12.3.1. Demand Side
12.3.2. Supply Side
12.4. Consumer Buying Behavior Analysis
12.5. Pricing Analysis
12.5.1. Weighted Average Selling Price (US$)
12.6. Market Share Analysis (%)
12.6.1. Local Manufacturers vs Import
12.7. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
12.7.1. Manual
12.7.2. Hydraulic
12.7.3. Pneumatic
12.7.4. Electric
12.7.5. Mechanical
12.7.6. Other Actuators
12.7.7. Quarter Turn Valves
12.7.8. Multi-turn Valves
12.7.9. Control Valves
12.7.10. Other Valve Types
12.8. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
12.8.1. Agriculture
12.8.2. Mining, Minerals, & Metals
12.8.3. Chemicals & Petrochemicals
12.8.4. Automotive
12.8.5. Energy & Power
12.8.6. Oil & Gas
12.8.7. Paper & Pulp
12.8.8. Pharmaceuticals
12.8.9. Water & Wastewater Treatment
12.8.10. Others
12.9. Actuators and Valves Market Size (US$ Mn) Forecast, By Country, 2023 - 2031
12.9.1. UAE
12.9.2. Saudi Arabia
12.9.3. Kuwait
12.9.4. Qatar
12.9.5. Nigeria
12.9.6. South Africa
12.9.7. Rest of Middle East & Africa
13. South America Actuators and Valves Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Demographic Overview
13.3. Key Trend Analysis
13.3.1. Demand Side
13.3.2. Supply Side
13.4. Consumer Buying Behavior Analysis
13.5. Pricing Analysis
13.5.1. Weighted Average Selling Price (US$)
13.6. Market Share Analysis (%)
13.6.1. Local Manufacturers vs Import
13.7. Actuators and Valves Market Size (US$ Mn) Forecast, By Product Type, 2023 - 2031
13.7.1. Manual
13.7.2. Hydraulic
13.7.3. Pneumatic
13.7.4. Electric
13.7.5. Mechanical
13.7.6. Other Actuators
13.7.7. Quarter Turn Valves
13.7.8. Multi-turn Valves
13.7.9. Control Valves
13.7.10. Other Valve Types
13.8. Actuators and Valves Market Size (US$ Mn) Forecast, By Application, 2023 - 2031
13.8.1. Agriculture
13.8.2. Mining, Minerals, & Metals
13.8.3. Chemicals & Petrochemicals
13.8.4. Automotive
13.8.5. Energy & Power
13.8.6. Oil & Gas
13.8.7. Paper & Pulp
13.8.8. Pharmaceuticals
13.8.9. Water & Wastewater Treatment
13.8.10. Others
13.9. Actuators and Valves Market Size (US$ Mn) Forecast, By Country, 2023 - 2031
13.9.1. Brazil
13.9.2. Argentina
13.9.3. Rest of South America
13.10. Incremental Opportunity Analysis
14. Competition Landscape
14.1. Market Player – Competition Dashboard
14.2. Market Share Analysis (%), 2022
14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)
14.3.1. Honeywell International Inc.
14.3.1.1. Company Overview
14.3.1.2. Sales Area/Geographical Presence
14.3.1.3. Revenue
14.3.1.4. Strategy & Business Overview
14.3.1.5. Go-To-Market Strategy
14.3.2. AVK Holdings A/S
14.3.2.1. Company Overview
14.3.2.2. Sales Area/Geographical Presence
14.3.2.3. Revenue
14.3.2.4. Strategy & Business Overview
14.3.2.5. Go-To-Market Strategy
14.3.3. Flowserve Corporation
14.3.3.1. Company Overview
14.3.3.2. Sales Area/Geographical Presence
14.3.3.3. Revenue
14.3.3.4. Strategy & Business Overview
14.3.3.5. Go-To-Market Strategy
14.3.4. SLB
14.3.4.1. Company Overview
14.3.4.2. Sales Area/Geographical Presence
14.3.4.3. Revenue
14.3.4.4. Strategy & Business Overview
14.3.4.5. Go-To-Market Strategy
14.3.5. Emerson Electric Co.
14.3.5.1. Company Overview
14.3.5.2. Sales Area/Geographical Presence
14.3.5.3. Revenue
14.3.5.4. Strategy & Business Overview
14.3.5.5. Go-To-Market Strategy
14.3.6. Tyco International Ltd.
14.3.6.1. Company Overview
14.3.6.2. Sales Area/Geographical Presence
14.3.6.3. Revenue
14.3.6.4. Strategy & Business Overview
14.3.6.5. Go-To-Market Strategy
14.3.7. KITZ Corporation
14.3.7.1. Company Overview
14.3.7.2. Sales Area/Geographical Presence
14.3.7.3. Revenue
14.3.7.4. Strategy & Business Overview
14.3.7.5. Go-To-Market Strategy
14.3.8. Burkert Fluid Control Systems
14.3.8.1. Company Overview
14.3.8.2. Sales Area/Geographical Presence
14.3.8.3. Revenue
14.3.8.4. Strategy & Business Overview
14.3.8.5. Go-To-Market Strategy
14.3.9. Watts
14.3.9.1. Company Overview
14.3.9.2. Sales Area/Geographical Presence
14.3.9.3. Revenue
14.3.9.4. Strategy & Business Overview
14.3.9.5. Go-To-Market Strategy
14.3.10. Rotork
14.3.10.1. Company Overview
14.3.10.2. Sales Area/Geographical Presence
14.3.10.3. Revenue
14.3.10.4. Strategy & Business Overview
14.3.10.5. Go-To-Market Strategy
14.3.11. Other Key Players
14.3.11.1. Company Overview
14.3.11.2. Sales Area/Geographical Presence
14.3.11.3. Revenue
14.3.11.4. Strategy & Business Overview
14.3.11.5. Go-To-Market Strategy
15. Go To Market Strategy
15.1. Identification of Potential Market Spaces
15.2. Understanding the Buying Process of the Customers
List of Tables
Table 1: Global Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 2: Global Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 3: Global Actuators and Valves Market Value, by Region, US$ Mn, 2023-2031
Table 4: North America Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 5: North America Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 6: North America Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
Table 7: Europe Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 8: Europe Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 9: Europe Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
Table 10: Asia Pacific Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 11: Asia Pacific Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 12: Asia Pacific Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
Table 13: Middle East & Africa Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 14: Middle East & Africa Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 15: Middle East & Africa Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
Table 16: South America Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Table 17: South America Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Table 18: South America Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
List of Figures
Figure 1: Global Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 2: Global Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 3: Global Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 4: Global Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 5: Global Actuators and Valves Market Value, by Region, US$ Mn, 2023-2031
Figure 6: Global Actuators and Valves Market Incremental Opportunity, by Region,2023-2031
Figure 7: North America Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 8: North America Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 9: North America Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 10: North America Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 11: North America Actuators and Valves Market Value, by Country, US$ Mn, 2023-2031
Figure 12: North America Actuators and Valves Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 13: Europe Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 14: Europe Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 15: Europe Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 16: Europe Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 17: Europe Actuators and Valves Market Value, by Country/Sub-Region, US$ Mn, 2023-2031
Figure 18: Europe Actuators and Valves Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 19: Asia Pacific Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 20: Asia Pacific Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 21: Asia Pacific Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 22: Asia Pacific Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 23: Asia Pacific Actuators and Valves Market Value, by Country/Sub-Region, US$ Mn, 2023-2031
Figure 24: Asia Pacific Actuators and Valves Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 25: Middle East & Africa Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 26: Middle East & Africa Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 27: Middle East & Africa Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 28: Middle East & Africa Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 29: Middle East & Africa Actuators and Valves Market Value, by Country/Sub-Region, US$ Mn, 2023-2031
Figure 30: Middle East & Africa Actuators and Valves Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 31: South America Actuators and Valves Market Value, by Product Type, US$ Mn, 2023-2031
Figure 32: South America Actuators and Valves Market Incremental Opportunity, by Product Type, 2023-2031
Figure 33: South America Actuators and Valves Market Value, by Application, US$ Mn, 2023-2031
Figure 34: South America Actuators and Valves Market Incremental Opportunity, by Application, 2023-2031
Figure 35: South America Actuators and Valves Market Value, by Country/Sub-Region, US$ Mn, 2023-2031
Figure 36: South America Actuators and Valves Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
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Actuators and Valves Market
