Global Industrial Valves and Actuators Market 2023-2027
Technavio has been monitoring the industrial valves and actuators market and it is poised to grow by $17005.57 mn during 2023-2027, accelerating at a CAGR of 4.63% during the forecast period. Our report on the industrial valves and actuators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in modernizing industrial facilities, capitalization of growth momentum in the oil and gas pipeline market, and stringent government regulations.
Technavio's industrial valves and actuators market is segmented as below:
- Industrial quarter-turn valves
- Multi-turn valves
- Industrial control valves
- Industrial actuators
- Chemical and petroleum industry
- Water and wastewater industry
- Power industry
- Mining and minerals industry
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the evolution of valve diagnostics as one of the prime reasons driving the industrial valves and actuators market growth during the next few years. Also, the growing application of simulation software and rising investments in chemical manufacturing facilities in emerging economies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial valves and actuators market covers the following areas:
- Industrial valves and actuators market sizing
- Industrial valves and actuators market forecast
- Industrial valves and actuators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial valves and actuators market vendors that include ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG, Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS. Also, the industrial valves and actuators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.