Global Actuator and Valves Market Size, Share, and Analysis, By Valve Type (Ball, Butterfly, and Globe), By Actuator Type (Hydraulics, Pneumatic, and Electric), By End-User (Oil & Gas, Power Generation, and Chemical), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Global Actuator and Valves Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 75.6 billion and is projected to reach USD 150.1 billion by the completion of 2034.
Actuators are devices that convert mechanical energy into motion to operate or move a machine or building. They are widely used to modify or regulate the motion of parts in several industrial, automotive, and aerospace environments. They can be classified as mechanical, hydraulic, pneumatic, or electric, depending on the specific requirements of the application. On the other hand, valves are mechanical tools that are used for regulating the movement of fluids, such as liquids, gases, or slurries, by either opening, closing, or partially obstructing the pathway. They are crucial in pipelines, plumbing systems, industrial processes, and machinery. Moreover, various kinds of valves, such as gate valves, ball valves, butterfly valves, and globe valves, are available to meet the requirements of diverse flow control. Hence, valves have a crucial function in controlling the flow of substances to maintain safety and efficiency across systems.
MARKET HIGHLIGHTS
Global Actuators and Valves Market are projected to reach USD 150.1 billion over the forecast period, owing to swift industrialization and infrastructure development across the world. In addition, the increasing demand for automation and control systems across industries such as oil & gas, water & wastewater, power generation, and chemicals are major factors for the growing demand for actuators and valves. Moreover, guidelines related to safety and the environment are responsible for the high usage of advanced actuators and valve technologies. Furthermore, continuous progress in smart actuators and valve technology, along with sensors and digital control systems, are changing the dynamics of the market. Therefore, the global actuator and valves market is projected to rise shortly, due to a strong emphasis on improving operational efficiency and meeting regulatory standards.
Global Actuator and Valves Market Segments:

• By Valve Type
o Ball
o Butterfly
o Globe
• By Actuator Type
o Hydraulics
o Pneumatic
o Electric
• By End-User
o Oil & Gas
o Power Generation
o Chemical

MARKET DYNAMICS
Growth Drivers
Increasing Industrialization to Encourage Growth in the Global Actuator and Valves Market
Developments in Automation Technologies Act as a Catalyst for Market Growth
Restraint
High Initial Investment and Maintenance Costs in the Global Actuator and Valves Market Will Impact the Growth

Key Players
• Emerson
• Flowserve Corporation
• Schlumberger Limited
• Crane Co.
• Neles
• KITZ Corporation
• IMI PLC
• KSB SE & Co. KGaA
• Honeywell International Inc.
• AVK Holdings A/S
• Tyco International Ltd.
• Burkert Fluid Control Systems
• Watts Water Technologies
• Rotork plc
• Parker Hannifin Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)



Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.