Valves And Actuators Market - Forecast(2024 - 2030)

Valves And Actuators Market Overview

The Valves And Actuators Market size is projected to reach US$148.3 billion by 2027, growing at a CAGR of 6.5% from 2022 to 2027. The advancement of automation technologies is creating numerous opportunities for the adoption of valves and actuators to gain better control over operation and safety. Valves and actuators are critical components in today's increasingly complex industrial environments. Industries today rely on automated processes and machinery due to their excellent performance and lesser need for human intervention. Actuator valves play a vital role in the functioning of such automated equipment. Actuator valves such as pneumatic actuators, control valves and mechanical actuators help in controlling the motion of the system, thereby ensuring a seamless and easy operation. Additionally, the development of smart cities across the globe and rising demand from various industry verticals are also creating growth opportunities for the market. These aforementioned factors are positively influencing the Valves and Actuators industry outlook during the forecast period.

Report Coverage

The report: “Valves And Actuators Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Valves and Actuators industry.

Key Takeaways

• In the Valves And Actuators Market report, the electric actuator segment is analyzed to grow at a significant rate with a CAGR of 6.9% due to its widespread use in industrial robots and the growing need for automation across industries.
• The Automotive industry is expected to grow at the highest rate with a CAGR of 7.2% due to the benefits of valves and actuators to deliver enhanced safety, connectivity, comfort and functional safety capabilities.
• APAC held the largest share with 48% in the Valves And Actuators Market size, owing to factors such as investments in the industry by rapidly growing economies and widespread demand across various industry verticals.

Valves And Actuators Market Value Share, By Region, 2021 (%)

Valves And Actuators Market Segment Analysis - by Actuators Type

Based on Actuators Type, the Electric Actuator segment in the Valves And Actuators Market report is analyzed to grow with the highest CAGR of 6.9% during the forecast period 2022-2027. Technologically advanced processing methods, a gradual increase in the need for automation across all industry verticals and the rising use of electric actuators in industrial robots are boosting the electric actuator segment in the Valves And Actuators Market. For instance, in December 2020, Rotork PLC introduced its newly developed AC version of the PAX1 linear electric actuator. This low-voltage electric actuator has the capacity to control the pressure of 0-0.5psig to 0-3000psig. These developments and increased demand across industry verticals will significantly boost the electric actuator segment which in turn increases the Valves And Actuators Market size.

Valves And Actuators Market Segment Analysis - by End-use Industry

Based on End-user Industry, the Automotive industry in the Valves And Actuators Market report is analyzed to grow with the highest CAGR of 7.2% during the forecast period 2022-2027. Due to the constant growth in production as well as sales of automobiles, the demand for valves and actuators are constantly rising across the globe. With advancements in technology, autonomous vehicles are expected to install various valves and actuators to enhance safety and comfort. For instance, in December 2021, Renesas Electronics announced two new microcontrollers designed for automotive actuators namely RL78/F24 and RL78/F23. These actuators deliver enhanced security, connectivity and functional safety capabilities in automobiles. Developments such as this will help grow the Automotive segment and thereby boost the Valves and Actuators industry.

Valves And Actuators Market Segment Analysis - by Geography

APAC dominated the global market for the Valves And Actuators Market with a market share of 48% in 2021 and was also analyzed to have significant growth over the forecasting period. This is due to prominent emerging economies such as China and India heavily investing in valve manufacturing to meet rising demand in industries such as water and wastewater, food and beverage, energy and power, Oil and Gas and others. For instance, in October 2020, more than 700 of Rotork PLC’s electric actuators were installed at the Shantou Wastewater treatment plant in Guangdong, China to facilitate sewage treatment in line with new environmental regulations. These factors are positively influencing the Valves and Actuators industry outlook in the APAC region during the forecast period.

Valves And Actuators Market Drivers

Increased demand for Valves and Actuators in the Healthcare Industry is increasing the Valves And Actuators Market size

The healthcare industry is designing and producing machines for process automation which requires valves and actuators. Valves and actuators are being used in CT, MRI and PT scanning instruments. The expanding healthcare facilities, rising elderly population and prevalence of many medical diseases are fostering the demand for medical instruments where valves and actuators are integral components. In April 2020 due to COVID-19 pandemic led to huge traffic of patients into hospitals all around the world. As a result, the demand for medical facilities has heightened which also boosted the adoption of valves and actuators. The usage of voice coil actuators and control valves in ventilators that facilitate the delivery of air to patients also influenced the need for valves and actuators which in turn increases the Valves And Actuators Market size.

Growing industrial automation and technological advancements in equipment are driving the Valves And Actuators market forward

With the developments in robotics, artificial intelligence, machine learning and technological advancements in industrial equipment a new trend for automation across industry verticals has emerged. Valves and actuators are integral parts of the equipment to automate various systems and processes. Pneumatic actuators, mechanical actuators and control valves help in controlling the system and thereby providing seamless and easy operation as well as better safety. For instance, according to World Robotics 2020 report, industrial robots are mostly being used in five countries which are Japan, China, the U.S., Germany and the Republic of Korea. These five countries contributed nearly 73% of global robot installations. These factors are helping the Valves And Actuators Market to grow during the forecast period.

Valves And Actuators Market Challenges

High installation and maintenance costs along with issues of leakage act as a major restraint hampering the Valves And Actuators market growth

In large manufacturing lines, the installation costs of actuator valves are pretty high. Hydraulic actuators use fluid mediums such as oil or water and pneumatic actuators use air to obtain the desired output. These differences in the functionality of products lead to higher maintenance costs. The probability of fluid leakage, risk of fire and erosion caused by fluid leakages can spoil the actuators and due to this regulator maintenance is required. These factors lead to higher maintenance costs, which in turn hampers the Valves And Actuators Market growth.

Valves And Actuators Industry Outlook

Product launches, collaborations, and R&D activities are key strategies adopted by players in the Valves And Actuators Market. Valves And Actuators Market's top 10 companies include

1. ABB Ltd
2. Eaton Corporation Inc
3. Rockwell Automation Inc
4. SMC Corporation
5. Emerson Electric Co
6. Rotork PLC
7. Schubert and Salzer
8. Honeywell International
9. Curtiss-Wright Corporation
10. Tamagawa Seiki Co

Recent Developments

• In June 2022, Schubert and Salzer Control Systems announced the availability of the latest generation of their 8049 digital positioners for pneumatic control valves with IO-Link which can detect the smallest irregularities at a very early stage. This is poised to increase the company’s share in Valves And Actuators Market.
• In January 2021, Curtiss-Wright Corporation launched its new ASSIGN™ motor program for Exlar FTP and FTX Series actuators. The FTP and FTX series actuators are ideal for a wide range of factory automation applications.
• In December 2021, Rotork PLC signed a contract with Milano San Rocco Wastewater Treatment Plant to provide Rotork IQ electric modulating actuators. This is poised to increase Rotork PLC’s share in Valves And Actuators Market.

Relevant Report Titles:

Valves, Actuators and Positioners Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: AIR 0049

Automotive Actuators Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ATR 0018

Control Valves Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: AIR 0036

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