Actuators & Valves Market size was valued at $101.14 billion in 2019, and is projected to reach $149.31 billion by 2027, registering a CAGR of 6.1% from 2022 to 2030.
Various industries employ actuators and valves to control and direct the flow of fluids during various processes. By opening, closing, or partially blocking different tubes, a valve regulates or controls the flow of a fluid (gases, liquids, or slurries). An actuator is a machine part in charge of adjusting or moving a valve. As the force from the actuators changes the position of the valve plug or disk, the valve controls the rate of fluid flow. Various end-use sectors, including water and wastewater treatment, food and beverage, oil and gas, refining, paper and pulp, mining, chemical, healthcare, maritime, energy, and construction, use actuators and valves.
The expanding water and wastewater treatment industries are likely to fuel expansion in the worldwide actuators and valves market during the forecasted period. Additionally, the expansion of safety regulations across industries fuels market expansion. Additionally, it is predicted that the employment of technologically enhanced processing methods would completely alter the outlook for the actuators & valves industry. As a result of the aforementioned factors, the market is anticipated to experience rapid growth in the coming years. Actuators & valves market growth is also driven by many product launches and shifting environmental regulations. But a lack of product differentiation limits market expansion. Additionally, the growing use of robotics creates profitable market potential.
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Major Players in Actuators & Valves market are:
Schlumberger Limited
Rotork
Watts Water Technologies
Flowserve
Siemens
Christian Bürkert GmbH & Co. KG
General Electric
Honeywell
Pentair
Emerson
Most important types of Actuators & Valves products covered in this report are:
Actuators
Valves
Most widely used downstream fields of Actuators & Valves market covered in this report are:
Oil & Gas
Paper & Pulp
Mining
Water & Wastewater
Food & Beverages
Energy & Power
Automotive
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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Key Benefits For Stakeholders
- This study comprises analytical depiction of the global actuators & valves market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall global actuators & valves market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global actuators & valves market forecast is quantitatively analyzed from 2022 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the global market.
- The report includes the global actuators & valves market share of key vendors and global trends.
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