Industrial Valves And Actuators Market Size to grow by USD 18679 million between 2024-2028
According to a research report “ Industrial Valves And Actuators Market” by Product (Industrial quarter-turn valves, Multi-turn valves, Industrial control valves, Industrial actuators) End-user (Chemical and petroleum industry, Water and wastewater industry, Power industry, Mining and minerals industry, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 18679 million, at a CAGR of 4.85% during the forecast period. In the dynamic business landscape of the Asia Pacific region, the manufacturing sector is experiencing robust growth, with an influx of foreign investments establishing new production facilities. Governments in key countries, including Indonesia, South Korea, India, and China, are spearheading initiatives to strengthen their domestic manufacturing sectors. To remain competitive, manufacturers are prioritizing the modernization of their facilities by integrating advanced automation technologies. This strategic investment in modern equipment and control systems streamlines processes, enhances efficiency, and accelerates production. The burgeoning automation trends are set to redefine the global industrial sector, making it imperative for businesses to allocate substantial budgets towards these technologies, ensuring a solid return on investment in the long term..
Browse market data tables, figures, and in-depth TOC on “Industrial Valves And Actuators Market” by Product (Industrial quarter-turn valves, Multi-turn valves, Industrial control valves, Industrial actuators) End-user (Chemical and petroleum industry, Water and wastewater industry, Power industry, Mining and minerals industry, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the Industrial quarter-turn valves segment is projected to dominate the market size in 2024
Quarter-turn valves, which encompass ball, butterfly, and plug valves, are widely utilized in industries due to their simplicity in design, ease of operation, and affordability. These valves permit quick opening and closing for fluid control, making them indispensable in various applications. Key advantages of quarter-turn valves include their ease of maintenance, compatibility with chemical and corrosive media, compact and lightweight design, and low-pressure drop with high-pressure recovery. However, they present certain limitations, such as difficulty in cleaning, restrictions in throttling due to differential pressure buildup, and flow turbulence affecting unguided disc movement, as well as occasional cavitation and choke formation. Despite these disadvantages, the growth in greenfield projects within the water and wastewater sector, coupled with the ongoing maintenance of existing installations, will continue to fuel the demand for quarter-turn valves.
By End-user, Chemical and petroleum industry segment is expected to hold the largest market size for the year 2024
In the intricate manufacturing processes of the chemical industry, the generation of toxic by-products and industrial waste is an inherent reality. To ensure efficient production, minimal wastage, and downtime, as well as safe waste disposal, the implementation of industrial valves and actuators is essential. Compliance with regulatory, business, and operational requirements is paramount in the chemical sector. Industrial valves and actuators offer the essential function of regulating fluid flow and enabling shut-off during process disruptions. Given the critical nature of the substances handled and the increasing regulatory scrutiny, the demand for industrial valves and actuators is poised to grow significantly during the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
The Industrial Valves and Actuators market represents a significant segment in the industrial automation industry. These essential components ensure the efficient control and regulation of fluid and gas flow in various industrial processes. Actuators, which drive valves to open and close, are integral to process optimization and safety. Market growth is driven by increasing industrial automation, expanding infrastructure projects, and stringent safety regulations.
The Industrial Valves And Actuators Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Industrial Valves and Actuators market encompasses a wide range of products, including Plastic Valves, Brass Valves, and Cast Iron Valves, among others. These valves serve various industries and applications, such as water treatment, oil and gas, and chemical processing. Some specialized types of valves include Cryogenic Valves for extreme cold temperatures and Smart Valves for advanced automation. Actuators, on the other hand, are devices that operate valves. Rotary Actuators and Linear Actuators are common types, with the former providing continuous rotation and the latter providing linear motion. Rising Stem Valves and Multi-turn Valves require actuators for operation due to their large turning motion. Quarter-turn Valves, such as Ball Valves and Butterfly Valves, can be operated with Manual Actuators, Electric Actuators, or Solenoid Valves. Control Valves, including Diaphragm Valves, Globe Valves, and Check Valves, often require more precise actuation and thus are typically operated with Electric Actuators or Pneumatic Actuators. The market also includes specialized valves like Plug Valves and Gate Valves, which are used for specific applications and require different actuation methods. Overall, the Industrial Valves and Actuators market offers a diverse range of products to meet the unique needs of various industries and applications.
Market Research Overview
The Industrial Valves and Actuators market encompasses a wide range of products and services, including Valve Regulations and Standards, Valve Certifications, Valve Inspection Services, Valve Testing Services, and Valve Repair Services. Valves come in various types such as ISO Valves, API Valves, DIN Valves, ANSI Valves, Soft Seated Valves, Metal Seated Valves, Plastic Valves, Brass Valves, Cast Iron Valves, Low Pressure Valves, High Pressure Valves, Cryogenic Valves, Smart Valves, and more. These include Actuated Check Valves, Actuated Globe Valves, Actuated Gate Valves, Actuated Ball Valves, Rotary Actuators, Linear Actuators, Rising Stem Valves, Multi-turn Valves, Quarter-turn Valves, Manual Actuators, Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, Solenoid Valves, Control Valves, Diaphragm Valves, Plug Valves, Check Valves, Globe Valves, Gate Valves, Butterfly Valves, and Ball Valves. Valve Accessories and Controllers like Valve Positioners are also part of this market. Regulations and certifications ensure safety and quality, while services maintain and enhance the performance of these crucial industrial components.
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