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Industrial Valves and Actuators Market Size Cross US$ 245.7 Bn by 2030

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The global industrial valves and actuators market size is expected to be worth around US$ 245.7 billion by 2030, according to a new report by Vision Research Reports.

The global industrial valves and actuators market size was valued at US$ 205.11 billion in 2020 and is anticipated to grow at a CAGR of 6.17% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 245.7 Bn by 2030
Growth Rate CAGR of 6.17% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, System, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA.

Growth Factors

Growing demand in the industrial sector, technological advancements propelling the use of smart valves and actuators, and stringent government regulations have bolstered market growth. The adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they offer in controlling temperature and pressure throughout downstream, midstream, and upstream activities. Thus, growing oil and gas exploration activities have triggered the demand for industrial valves and actuators.

Increasing global water stress, coupled with industrial wastewater disposal in aquatic ecosystems, has led to an urgent need for water reclamation. In order to curb these rising issues, demand for effective treatment equipment systems has increased, thereby opening up immense opportunities in water and wastewater industries.

Key Players

Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan, Inc.; and Valvitalia SpA.

Market Segmentation

  • By Product
    • Industrial Valves
      • Gate
      • Globe
      • Ball
      • Butterfly
      • Safety
      • Plug
      • Others (Diaphragm, Check)
    • Industrial Actuators
      • Linear
      • Rotary
  • By System
    • Industrial Actuators
      • Mechanical
      • Electric
      • Pneumatic
      • Hydraulic
  • By End-use
    • Oil & Gas
    • Chemical
    • Energy & Power
    • Water & Wastewater
    • Pulp & Paper
    • Food & Beverage
    • Others (manufacturing, electronics, marine, and textiles)
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Singapore
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • United Arab Emirates (UAE)
      • South Africa

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Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

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