Technavio has been monitoring the industrial valves and actuators market and is forecast to grow by $ 18679 mn during 2023-2028, accelerating at a CAGR of 4.85% 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 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:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.54%
CAGR
4.85%
Incremental Value
$18679mn
By Product
Industrial quarter-turn valves
Multi-turn valves
Industrial control valves
Industrial actuators
By End-user
Chemical and petroleum industry
Water and wastewater industry
Power industry
Mining and minerals industry
Others
By Geographical Landscape
APAC
Europe
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, 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, Danfoss AS, EBRO ARMATUREN Gebr. Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer Ltd., Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, Schlumberger Ltd., The Weir Group Plc, Velan Inc., and WAMGROUP Spa. 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.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Industrial Valves And Actuators Market 2018 - 2022
Historic Market Size - Data Table on Global Industrial Valves And Actuators Market 2018 - 2022 ($ million)