The global Industrial Valves And Actuators Market was valued at USD 121.6 Bn in 2021 and is anticipated to grow at a CAGR of 3.8% and is expected to reach USD 170.1 Bn by 2030.
The increased adoption of Industrial Valves And Actuators in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Industrial Valves And Actuators also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Industrial Valves And Actuators in many sectors also boosts the market growth during the forecast period.
Industrial valves are mechanical devices that govern the flow and pressure of slurries, gases, and liquids inside a system. They come in a variety of shapes and sizes, including the globe valve, pinch valve, gate valve, and ball valve. The actuator is described as a machine component that regulates a system, such as opening or shutting a valve, and it comes in a variety of forms, including hydraulic, pneumatic, electric, and mechanical.
Industrial Valves And Actuators Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Industrial quarter-turn valves, Multi-turn valves, Industrial control valves, Industrial actuators), End-user (Chemical and petroleum industry, Water and wastewater industry, Power industry, Mining and minerals industry, Others), and companies (Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS, ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.8%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||170.1 Billion|
|By Product||Industrial quarter-turn valves, Multi-turn valves, Industrial control valves, Industrial actuators|
|By End-user||Chemical and petroleum industry, Water and wastewater industry, Power industry, Mining and minerals industry, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS, ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG|
The COVID-19 pandemic has had a substantial negative influence on the Industrial Valves And Actuators market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS, ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG
Market Segment Analysis:
- Industrial quarter-turn valves
- Multi-turn valves
- Industrial control valves
- Industrial actuators
- Chemical and petroleum industry
- Water and wastewater industry
- Power industry
- Mining and minerals industry
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Industrial Valves And Actuators industries in the region.
Key Industrial Valves And Actuators Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Industrial Valves And Actuators Market segments.
– Largest Market Share Held by Industry to Industry for Industrial Valves And Actuators
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Industrial Valves And Actuators Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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