Latest News- Industrial Valves And Actuators Market: Industrial quarter-turn valves is expected to lead the Product segment during 2024-2028

The Industrial Valves And Actuators Market is being driven by Increasing investments in modernizing industrial facilities

The Industrial Valves And Actuators Market is expected to grow at a CAGR of 4.85% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 18.68 billion. In today's industrial landscape, control valves play a pivotal role in optimizing the performance of manufacturing facilities. These valves, serving as the final control element, significantly influence a plant's profitability, efficiency, safety, and product quality. Advanced diagnostic techniques and technologies have streamlined the monitoring of valve performance, reducing the burden on maintenance teams and process control personnel. Valve diagnostics provide actionable insights, enabling proactive identification of maintenance requirements and precise valve diagnosis. Moreover, the integration of microprocessor-based valve positioning systems and supervisory systems facilitates real-time tracking and monitoring, ensuring minimal disruptions in operations. 

Get more information on Industrial Valves And Actuators Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• 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
    • China
    • Japan
  • Europe
    • France
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments in modernizing industrial facilities
• Capitalization of growth momentum in the oil and gas pipeline market
• Stringent government regulations

However, the market also witnesses some limitations, which are as follows:

• Competitive pricing strategy of low-cost Asian manufacturers
• Fluctuating prices of raw materials
• Intense competition among market players

Benefits of Buying Global Industrial Valves And Actuators Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Industrial Valves And Actuators Market Research Report

Find out which segment is leading the market by accessing the free PDF report

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 is a significant segment of the larger global industrial machinery, supplies, and components market. This market encompasses businesses involved in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery, supplies, and components market size is determined by the combined revenue generated by machinery and component manufacturers catering to the industrial sector. The market's expansion will be fueled by the increasing industrial output in process and discrete industries, driven by the growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/