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The Industrial Valves and Actuators Market size is estimated to grow by USD 17.00 billion from 2022 to 2027, and the market’s growth momentum will accelerate at a compound annual growth rate (CAGR) of 4.63%. The market is experiencing significant growth, driven by increasing investments in the modernization of industrial facilities and the expanding opportunities within the oil and gas pipeline sector. Additionally, stringent government regulations regarding safety and environmental standards are compelling industries to invest in advanced valve and actuator solutions. As companies seek to optimize operations and enhance efficiency, the demand for reliable and high-performance industrial valves and actuators continues to rise, shaping the growth trajectory of the global market. This market analysis and report also includes key drivers, trends, and challenges.
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The market is propelled by the demand across various industrial sectors such as oil and gas, water and wastewater treatment, and the energy and power industry. Technological advancements are driving the development of smart valves and actuators, particularly crucial for oil and gas exploration activities in both offshore and onshore settings. These valves and actuators are designed to withstand high-pressure and adverse corrosive conditions commonly encountered in industrial environments, ensuring efficient operation in critical applications such as pipelines, crude oil, and natural gas processing.
The product segment of the market encompasses a diverse range of applications across various industry verticals. From critical sectors like medicine and water treatment to engines and machinery in plant engineering, valves and actuators play a pivotal role in regulating mechanical motion and controlling processes in industrial settings. These components find applications in aerospace, automotive, construction, robotics, and electricity sectors, facilitating efficient operation and management of complex systems. Actuators enable precise control over valves, ensuring optimal performance and safety across diverse industrial environments. As industrial processes continue to evolve, the demand for advanced valves and actuators capable of meeting stringent performance requirements remains high, driving innovation and technological advancements in the industry.
The market share growth by the industrial quarter-turn valves segment will be significant during the forecast period. The increase in greenfield projects in the water and wastewater industry, along with the maintenance of installed valves in existing industries, will result in the growth of quarter-turn valves. Industries globally are upgrading their existing plants to increase production efficiency and reduce labor costs, which will generate higher demand for the installation of such valves. Also, growth in oil pipelines will further drive the market for quarter-turn valves during the forecast period.
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The industrial quarter-turn valves segment showed a gradual increase in the market share of USD 27.97 billion in 2017 and continued to grow by 2021. Quarter-turn valves include ball, butterfly, and plug valves. These valves are manually operated using a handle attached to the stem of the valve. The handle can be turned at right angles or 0 deg-90 deg to regulate the operating position and flow parameters. Due to their simplicity of design, operations, and affordability, quarter-turn valves are most commonly used in industries. Primarily, these valves are used for quick opening and closing purposes for fluid movement and control.
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APAC is projected to contribute 43% by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The transportation and industrial sectors in APAC have propelled the demand for both offshore and onshore refining in the oil and gas industry. Offshore activities are expected to be driven by shallow-water gas exploration. In APAC, China is investing in substantial amounts on new projects designed to meet domestic demand for oil and gas. The majority of revenue generation for the Companies will be through new business opportunities in greenfield oil projects across APAC. Valves and actuators, being one of the critical equipment used in the oil and gas industry, will find rising demand due to future investments in the sector.
The market is experiencing substantial growth driven by the increasing demand across various industrial sectors such as oil and gas, water and wastewater treatment, and the energy and power industry. Technological advancements have led to the development of smart valves and actuators capable of operating in high-pressure and adverse corrosive conditions, catering to both offshore and onshore activities. These essential components play a critical role in controlling mechanical motion and fluid flow in industrial environments, including pipelines for crude oil and natural gas. With applications across diverse industry verticals like medicine, water treatment, aerospace, and robotics, industrial valves and actuators are indispensable in plant engineering and control systems for efficient operations. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing investments in modernizing industrial facilities are notably driving the actuators market growth. Modernizing plant facilities to incorporate automation has become an essential aspect of any manufacturing process. The emerging trends in automation are expected to shape the competitive landscape of the global industrial sector. Manufacturers today are allocating a reasonable share of their annual budgets behind technologies that can modernize the manufacturing setup, yielding faster and better returns in the future.
During the forecast period, it is expected that industrial valves and actuators will form an integral part of the process industries primarily due to a wide range of applications, simplicity of use, cost, and energy-efficient properties. Industrial valves and actuators will form the backbone of effective industry requirements for end-users during the forecast period. Rising applications to enhance fluid flow control and flow volume regulation will stress the need for valves and actuators in various industries. All these factors are expected to influence their demand in the region during the forecast period.
The growing application of simulation software is the primary trend driving the market growth. 3D simulation software can help manufacturers to address the needs of customers regarding design requirements and applications. Simulation in valve design can help Companies to lower the fabrication cost and product engineering time for non-standard valve manufacturing. This simulation software can be utilized for analyzing and testing solutions in the design phase without building multiple prototypes.
Major benefits of 3D simulation in valve manufacturing include - forecasting changes in the design layout, offering precise and accurate information related to design parameters, thermal behavior, and material structure, and saving cost, time, and need for prototype testing. These benefits will drive market growth and trends during the forecast period.
The competitive pricing strategy of low-cost manufacturers is the major challenge impeding the market growth. End-users in the region are looking to invest in cost-effective machinery and solutions in the market. With increasing price sensitivity from the customer's end, valves and actuator original equipment manufacturers (OEMs) are looking to build relationships with subcomponent suppliers to offer the most economical products in the market.
The availability of affordable labor and abundant resources has enabled low-cost Asian companies to manufacture valves and actuators at a significantly low price. The result of all this is that several established Companies in the Americas and Europe have not been able to consolidate their presence in the growing Asian market. Asian Companies hold the upper hand in terms of product pricing, which is becoming increasingly difficult for Western Companies to match. To tackle cost-related issues, global Companies need to opt for horizontal integration via mergers and acquisitions, thereby expanding their market share and tapping unexplored territories.
The market trends and analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB - The company offers industrial-valves and actuators such as Actuators for Selector and 10A breakers as its key offerings.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market is witnessing remarkable growth owing to the increasing demand for water and wastewater treatment solutions across various industry verticals. With advancements in technological advancements, the market has seen the emergence of smart valves and actuators designed to withstand high-pressure conditions and adverse corrosive conditions prevalent in industrial environments, including oil and gas exploration activities, and both offshore and onshore activities. They play crucial roles in managing processes in the energy and power industry, particularly in handling crude oil and natural gas. They find applications in diverse sectors such as medicine, aerospace, automotive, construction, robotics, and electricity, contributing significantly to plant engineering and mechanical motion control systems.
The market continues to experience significant growth driven by various factors including engines powering industrial operations and the demand for efficient solutions in industrial settings. Fluctuations in global oil and gas prices and the dynamics of natural gas production and reserves also influence market trends. Industries such as steel, petrochemicals, and crude oil production heavily rely on industrial valves and actuators for critical operations. Government support and political conditions play crucial roles in shaping market dynamics, attracting investments from international companies. These valves and actuators, operating under pneumatic pressure or hydraulic fluid, include linear and rotary actuators equipped with safety measurements and product differentiation to meet industry demands. Moreover, advancements in materials science support its integration into renewable energy sources such as wind and solar power.
The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Market Scope |
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Market Report Coverage |
Details |
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Page number |
184 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.63% |
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Market growth 2023-2027 |
USD 17.00 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.41 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, Japan, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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