Industrial Valves and Actuators Market Size, Share & Trends Analysis Report By End Use (Oil & Gas, Chemical, Energy & Power, Pulp & Paper), By Product, By System, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global industrial valves and actuators market size was valued at USD 105.11 billion in 2017. It is expected to expand at a CAGR of 4.14% over the forecast period. Spiraling demand from industrial sectors such as oil and gas,water and wastewater treatment, and energy and power industry is anticipated to stoke the growth of the market. Additionally, technological advancements are encouraging the use of smart valves and actuators, which in turn is working in favor of the market.

增加石油和天然气的勘探活动projected to open ample growth opportunities for the market. Industrial valves and actuators can be used in offshore activities as well as onshore activities, where adoption has been growing owing to their capability to withstand high-pressure conditions and adverse corrosive conditions in refineries and production platforms. Adoption of industrial valves and actuators is rising continuously owing to benefits they offer in controlling the temperature and pressure throughout downstream, midstream, and upstream activities.

Rapid urbanization and industrialization have triggered the demand for energy. As a result, several countries have initiated oil and gas exploration activities. Large oil exploration companies and oil and gas exporting countries, such as Russia, Canada, Saudi Arabia, U.K., and Netherlands, are tapping into opportunity to increase their revenues and expand their market shares.

Industrial valves and actuators are used to direct and control the flow of fluids through pipelines in power plants, refineries, and water and wastewater treatment plants, among others. The market is expected to grow in line with rising demand from various end-use industries, such as oil and gas, water and wastewater treatment, and energy and power.

The water and wastewater treatment industry is also a major user of industrial valves and actuators. Surging demand for good-quality water is one of the primary growth stimulants for the market. Industrial valves and actuators play an essential role in monitoring and controlling water treatment and transportation activities efficiently and subsequently enhancing the productivity and augmenting efficiency of various processes involved in treatment of water and wastewater. Growing automation in the water and wastewater treatment industry is poised to provide a fillip to the market.

Additionally, stringent regulations laid by regulatory bodies in Europe, North America, and Asia Pacific are playing an important role in the development of the market, as environmental legislation is prompting incumbents of end-use industries to adopt smart valves and actuators. The oil and gas industry has to particularly abide by strict regulations aimed at reducing air pollution by curbing emissions of toxic gases.

Industrial Actuator Systems Insights

By system, the industrial actuators market is segmented into mechanical, electric, pneumatic, and hydraulic. The pneumatic actuators segment is driven by its extensive application in industries such as mining and extraction, energy and power, chemical, and oil and gas. These are also used in the food and beverage sector. These industries avoid using electric actuators owing to continuous use of water and other conductive fluids on the production floor. The segment is expected to reach USD 19.60 billion by 2025.

End-use Insights

The oil and gas industry accounted for the majority share owing to extensive application in natural gas generation, crude oil extraction, and refining processes. Moreover, owing to increasing stringency of safety standards, around 10% of installed valves are replaced on a yearly basis.

The water and wastewater industry includes application processes such as supply of water for manufacturing purpose and treatment of wastewater generated by industries. Across the globe, there are around 90,000 municipal wastewater plants that are expected to spend approximately USD 4.50 billion on valves by 2019. This is expected to drive the market over the forecast period.

Product Insights

The ball valves segment is expected to dominate the industrial valves market over the forecast period. These are generally preferred for steam and condensate applications and hence, find extensive use across the energy and power sector. The only factor that hinders their demand is their limited maximum pressure rating as they fail to operate under extremely high-pressure conditions. The segment is anticipated to reach USD 15.97 billion by 2025.

Linear actuators are expected to dominate the market for industrial actuators, registering a CAGR of 5.19% over the forecast period. This is owing to rising need for combustion control, increased efficiency, and reduced production costs. Stringent environmental regulations and increasing industrial automation in emerging economies are also expected to spur demand for the same.

Regional Insights

Asia Pacific held the largest share in 2017, for both industrial valves and actuators. This is owing to prominent emerging economies such as China and India investing heavily in valve manufacturing to cater to the rising demand in industries such as such as water and wastewater, food and beverage, and energy and power. The Middle East and Africa market is expected to witness the second highest CAGR of 4.4% over the forecast period.

In North America, U.S. dominated the market owing to strong usage scope in industries such as chemical, oil and gas, energy and power, water and wastewater, and food and beverage.

Industrial Valves and Actuators Market Share Insights

突出的行业参与者包括爱默生Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA. These players have been making large investments in R&D to develop innovative solutions and gain a competitive edge over others.

The market is highly fragmented in nature owing to presence of a large number of small and medium scale manufacturers. In order to retain their share in such a price sensitive market, companies have been continuously undertaking strategic initiatives such as mergers and acquisitions, joint ventures, product launches, and partnerships. This is aimed at expanding their presence globally as well as regionally, and offer an enhanced product portfolio to their customer base.

Report Scope

Attribute	Details
Base year for estimation	2017
Actual estimates/Historical data	2015 - 2016
Forecast period	2018 - 2025
Market representation	Revenue in USD Million and CAGR from 2018 to 2025
Regional scope	North America, Europe, Asia Pacific, South America, and MEA
Country scope	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, South Korea, Singapore, Australia, Brazil, Argentina, Saudi Arabia, UAE, and South Africa
Report coverage	Revenue forecast, company market share, competitive & vendor landscape, regulatory landscape, competitive landscape, growth prospects, and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global industrial valves and actuators market report based on product, system, end use, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Industrial Valves

    • Gate

    • Globe

    • 球

    • Butterfly

    • Safety

    • Plug

    • 其他(隔膜,检查)

  • Industrial Actuators

    • Linear

    • Rotary

• System Outlook (Revenue, USD Million, 2015 - 2025)

  • Industrial Actuators

    • 机械

    • Electric

    • Pneumatic

    • Hydraulic

• End-use Outlook (Revenue, USD Million, 2015 - 2025)

  • Oil & Gas

  • Chemical

  • Energy & Power

  • Water & Wastewater

  • Pulp & Paper

  • Food & Beverage

  • Others (manufacturing, electronics, marine, and textiles)

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • 意大利

    • Spain

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • 新加坡

    • Australia

  • 南美

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • United Arab Emirates (UAE)

    • South Africa