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A01458 | Pages: 359 | Charts: 87 | Tables: 167 |
The Global Actuators and Valves Market was valued at $104.2 billion in 2022 and is projected to reach $221.3 billion by 2032, growing at a CAGR of 8.1% from 2023 to 2032.
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. A valve is a mechanical device that controls the flow of liquids, gases, or other fluid substances. It regulates the pressure, direction, and flow rate of the fluid. Valves are commonly found in plumbing, heating, and cooling systems, as well as in industrial and manufacturing settings.
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:
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 market is expected to witness notable growth during the forecast period, owing to growth in the water and wastewater treatment industry, an increase in safety measurements in industries, and technologically advanced processing methods. Moreover, the increase in the adoption of robotics in the market is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the lack of product differentiation is one of the restraints for actuators and valves market growth during the forecast period.
The market is segmented based on application, type, and region.
Based on application, the 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.
[APPLICATIONGRAPH]
Based on type, the market is divided into actuators and valves.
[TYPEGRAPH]
Region-wise, the 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).
[REGIONGRAPH]
Competitive analysis and profiles of the major global actuators and valves industry 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.
Growth in the water & wastewater industry, increase in safety measurements in industries, technological advancements in processing methods, and changing environmental regulations are the major factors that propel the actuators and valves market outlook. However, the lack of product differentiation is expected to hinder the market growth. Conversely, the surge in demand for robotics is projected to offer remunerative opportunities for the actuators and valves market analysis.
The global actuators and valves market is highly competitive, owing to the strong presence of existing vendors. Vendors of actuators and valves market forecast with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to actuators and valves market demand. The competitive environment in this market is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Top market players have adopted various strategies, such as product development, acquisition, innovation, partnership, and others to expand their foothold in the actuators and valves market share.
Key Market Segments
Key Market Players