Global Hydraulic Valve Actuators Market 2015-2019
About Hydraulic Valve Actuators market
Hydraulic valve actuators are used in flow control application, for the actuation of valves using hydraulic fluid power. Based on the movement of the valve arm, the hydraulic valve actuators can be classified in to rotary or linear actuating valves. Rotary valve actuators consist of quarter turn and multi-turn actuators used in the actuation of ball valves, butterfly valves, globe valves etc. Whereas the linear hydraulic actuators are applied in functioning of gate valves. Hydraulic valve actuators finds its application majorly in high pressure application such as Oil and Gas extraction and production (Conventional and Unconventional Process), coal fired power generation and mining process.
TechNavio's analysts forecast the Global Hydraulic Valve Actuators market to grow at a CAGR of 4.82 percent over the period 2015-2019.
Covered in this Report
The Global Hydraulic Valve Actuators market can be segmented into two segments: Linear Actuators and Rotary Actuators.
TechNavio's report, the Global Hydraulic Valve Actuators market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, EMEA, and APAC regions; it also covers the Global Hydraulic Valve Actuators market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Hydraulic Valve Actuators Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Hydraulic Valve Actuators Market: Cameron International Corporation, Emerson Process Management, Flowserve Corporation and GE Energy.
Other Prominent Vendors in the market are: AUMA Actuators, Pentair, Rotork and Spirax Sarco.
Commenting on the report, an analyst from TechNavio’s team said: “A major trend emerging in the Global Hydraulic Valve Actuators market is the horizontal integration of manufacturers to provide one-stop solutions over sales of individual equipment. By providing integrated solutions and services, vendors are capable of distinguishing themselves from other competitors and generating more revenue with lower overall operational costs and fewer related MRO and other aftermarket activities.”
According to the report, the major driver for the growth of the Hydraulic Valve Actuators market is the expansion in both conventional and unconventional oil and gas extractions, for instance, shale gas extraction in North America, subsea extraction in Latin America and Europe, and conventional extraction in the Middle East and Africa. The advent of the electro-hydraulic-powered system has introduced certain benefits such as accuracy and remote access that were initially absent in conventional hydraulic systems.
Further, the report states that the increase in popularity of electric actuators for high load usage has led to the replacement of hydraulic valve actuators with electric actuators in numerous end-user applications. The emphasis on repair and refurbishment of existing hydraulic actuators by numerous end-users has led to lower sales of new equipment.
Cameron, GE Energy, Flowserve, Emerson Process Management, Pentair, Rotork, AUMA Actuators, Spirax Sarco
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook