Actuators And Valves Market

Actuators And Valves Market Research, 2031

The global actuators and valves market was valued at $104.5 billion in 2021, and is projected to reach $204.6 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.

An actuator is a device that converts energy into mechanical motion. It can be controlled by a signal from a control system, and is commonly used to open or close valves, operate dampers, or move mechanical parts in industrial or manufacturing settings. Actuators can be powered by a variety of sources, including electricity, pneumatic pressure, or hydraulic fluid. Actuators are used in a wide range of applications, including aerospace, automotive, construction, and robotics. They can be classified into different types based on the type of energy they use, such as electric actuators, pneumatic actuators, and hydraulic actuators. Electric actuators use an electric motor to generate motion, pneumatic actuators use compressed air, and hydraulic actuators use pressurized fluid.

The outbreak of COVID-19 has moderately impacted the growth of global actuators and valves market in 2021, owing to a significant impact on prime players operating in the supply chain. However, growth in water and wastewater treatment industry, increase in safety measurements in industries, and technologically advanced processing methods are expected to impact market growth favourably over the forecast period during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects, owing to partial or complete lockdown globally. Furthermore, the emergence of cobots is further anticipated to gain momentum, to create lucrative opportunities for the actuators & valves market.

Actuators can also be classified based on the type of motion they generate, such as linear actuators, which produce linear motion, and rotary actuators, which produce rotary motion. Linear actuators are commonly used in applications such as moving machine parts, opening and closing valves, and adjusting the position of mirrors, while rotary actuators are used in applications such as turning gears and wheels. Actuators can also be classified based on the type of control system used to operate them. For example, some actuators may use a simple on/off control system, while others may use a more advanced system that allows for precise control of the motion of the actuator.

There are several types of valves, each designed to perform a specific function. Some of the most common types of valves include:

• Ball valves, which have a ball inside the valve that rotates to control the flow of fluid.

• Gate valves, which have a gate inside the valve that moves up and down to control the flow of fluid.

• Globe valves, which have a disk inside the valve that moves up and down to control the flow of fluid.

• Butterfly valves, which have a disc inside the valve that rotates to control the flow of fluid.

• Check valves, which allow fluid to flow in one direction but prevent it from flowing in the opposite direction.

• Diaphragm valves, which have a flexible diaphragm that moves to control the flow of fluid.

Valves can be operated manually, by turning a handle or knob, or they can be controlled automatically by actuators. Some valves can also be controlled remotely by a control system.

The actuators and valves market is expected to witness notable growth during the forecast period, owing to growth in water and wastewater treatment industry, increase in safety measurements in industries and technologically advanced processing methods. Moreover, the increase in adoption of robotics in actuators and valves market is expected to provide lucrative opportunities for the growth of the actuators and valves market during the forecast period. On the contrary, lack of product differentiation is one of the restraints for actuators and valves market growth during the forecast period.

The actuators and valves market is segmented into Application and Type.

On the basis of application, the actuators and valves market is divided into oil and gas, paper and pulp, mining, water and wastewater, food and beverages, energy and power, automotive, Chemicals and CPI, pharma and life sciences, healthcare, and microelectronics and semiconductors. In 2021, the oil and gas segment dominated the actuators and valves market size, in terms of revenue, and it will acquire major actuators and valves market share by 2031.

Based on type, the actuators and valves market is segregated into actuators, and valves. The valves segment acquired the largest share in 2021 and actuators is expected to grow at a significant CAGR from 2022 to 2031.

Region-wise, the actuators and valves market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Europe and North America remains a significant participant in the actuators and valves market forecast. North America accounted for the highest share, owing to expansion in oil & gas production in actuators and valves market. Active expansion of unconventional oil & gas upstream activities such as shale gas production and domestic & commercial construction has led to increase in demand for control valves across North America.

Competitive Analysis

Competitive analysis and profiles of the major global actuators and valves market players that have been provided in the report include Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB.

Country Analysis

Country-wise, the U.S. acquired a prime share in the actuators and valves market in the North American region and Canada is expected to grow at a significant CAGR during the forecast period of 2022-2031 owing to the rise in investment by prime vendors to boost actuators and valves solutions.

In Europe, rest of Europe, dominated the actuators and valves market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's actuators and valves with a CAGR of 8.4%, owing to a significant development in the retail, industrial manufacturing, and other sectors in the country.

In Asia-Pacific, China is expected to emerge as a significant market for the actuators and valves industry, owing to a significant rise in investment by prime players which has been providing actuators and valves market opportunity for application such as oil and gas, paper and pulp, mining, water and wastewater, food and beverages, energy and power, semiconductor and others.

By LAMEA region, the Latin America country garner significant market share in 2021. The LAMEA actuators and valves market outlook has been witnessing improvement, owing to the growing inclination of companies towards research and development, and for new oilrigs and pipelines for oil and gas across this region.

Key Developments/ Strategies

Crane Holdings, Co., Emerson Electric Co. (PENTAIR VALVES), Flowserve Corporation, General Electric Company, IMI plc, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, Rotork plc, and SLB are the top  companies holding a prime share in the actuators and valves market. Top market players have adopted various strategies, such as product launch, product development, product expansion, business expansion innovation, and others to expand their foothold in the actuators and valves market.

• In June 2022, Rotork extended to include a new part-turn variant, known as the CKQ. The entire range has a modular design that provides flexibility and high degrees of configurability, enabling a fast order turnaround and quick delivery. CK actuators provide flow control in non-hazardous locations and are especially suited for diverse applications in the water and power markets.
• In December 2022, Emerson introduced the ASCO Series 209 proportional flow control valves, which offer the highest standards of precision, pressure ratings, flow characteristics and energy efficiency available in a purpose-built, compact architecture. With this combination of size and performance, Series 209 valves allow users to precisely regulate the flow of fluid in a wide range of devices that require exacting performance, like those found in the medical equipment, food and beverage, and heating, ventilation and air conditioning (HVAC) industries.
• In September 2022, Crane India, as part of the Crane Co. developed a new engineered check valves factory in Satara, Maharashtra. It is approximately 110,000 square feet manufacturing facility featuring automated welding technology to manufacture a full range of Noz-Chek and Duo-Chek valves in sizes up to 84”. The plant meets the stringent quality and product approvals and is capable of in-house machining for all offered size ranges. The facility offers in-house high-pressure gas and cryogenic testing for valves up to 72”.
• In June 2022, Emerson launched a new AVENTICSTM Series Servo Profile Advanced (SPRA) Electric Actuators, a line of precise and highly repeatable rod-style cylinders. While only one electric actuator screw type is typically available in the market, the SPRA actuators offer three screw technologies. These include a precision ball screw, which provides exceptional durability and accuracy for applications that need optimal quality or throughput, a cost-effective lead screw option and roller screws for precision, speed and heavy loads.
• In March 2022, Flowserve Corporation, made a non-exclusive agreement with Gradiant to help address the most challenging problems in water and wastewater treatment. Gradiant develops and delivers advanced water and wastewater treatment facilities around the world, with a primary focus in the rapidly growing Asia Pacific and Americas for customers with mission-critical needs in cleantech water and sustainable operations.
• In November 2022, KITZ announced the launch of a new extension bonnet ball valve to enhance the low temperature ball valve series. It works on for low temperature from -50 degree celsius to +150 degree celsius and for high temperature from -30 degree celsius to +260 degree celsius.
• In December 2022, Parker Hannifin, launched next-generation pre-compensated load-sensing valves with VA Series branding. The VA Series mobile directional control valves are designed to meet future demands within a range of challenging mobile machinery industries, such as forestry, construction, mining and material handling.
• In October 2021, Emerson introduced the TopWorxTM DX PST with HART 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications. The new DX PST integrates seamlessly with existing valves and control systems, giving operators access to critical valve data, trends and diagnostics that can be used to predict and schedule maintenance.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the actuators and valves market analysis from 2021 to 2031 to identify the prevailing actuators and valves market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the actuators and valves market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global actuators and valves market share, key players, market segments, application areas, and market growth strategies.

 Actuators And Valves Market Report Highlights