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NEW YORK , Dec. 27, 2021 /PRNewswire/ -- Industrial Valves and Actuators Market Facts at a Glance-
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According to the recent market study by Technavio, the Industrial Valves and Actuators Market Share in Industrial Machinery Sector is expected to increase by USD 13.27 billion from 2020 to 2025, with an accelerated CAGR of 4.31%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate of 36% among the other regions. China and Japan are the key markets for industrial valves and actuators.
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The industrial valves and actuators market is fragmented and is expected to provide a favorable growth environment to new and existing players in the coming years
ABB Ltd.- The company offers a range of valve and actuators such as PME 120, RHD 250, RHD 500 and others.
Danfoss AS- The company offers motorised controls and valves that improves temperature control and reliability while increasing the energy efficiency of the system.
Emerson Electric Co.- The company offers valves, actuators and regulators that control valves under the Bettis brand name.
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The industrial valves and actuators market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China and Japan are the key markets for industrial valves and actuators in APAC.
Rising populations and high rates of urbanization have stressed water and wastewater infrastructure in APAC. As freshwater resources are depleting, potable water requirements have become imperative over the past few years. APAC has a dearth of water infrastructure, particularly in the wastewater treatment sector. As a result, governments in APAC have stressed the development of infrastructure facilities to improve the state of the water and wastewater treatment industry. It is expected that the wastewater treatment industry in APAC will record momentous growth during the forecast period, which will drive the market demand for valves and actuators.
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Latest Drivers & Trends Driving the Market-
Modernizing plant facilities to incorporate automation has become an essential aspect of any manufacturing process. Modern equipment and control technologies ensure that all activities and sub-processes are streamlined, efficient, and faster. 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, the simplicity of use, cost, and energy-efficient properties.
Control valves have increasingly become an essential part of modern automation requirements in industries that use advanced diagnostic techniques and technologies. The final control element can directly impact the operational performance of a manufacturing facility regarding profitability, plant efficiency, safety, and quality. Valve diagnostics have eased the responsibility handled and carried out by maintenance teams and process control personnel in monitoring valve performance and receiving actionable information. It also helps in identifying planned maintenance requirements and accurate diagnose of valves, resulting in an improved process output with minimum delay in operations. The advent of microprocessor-based valve positioning systems and the integration of information related to valves with supervisory systems have enabled real-time tracking and monitoring of industrial valves. Online valve diagnostics can greatly enhance the process integrity and assist personnel in anticipating, detecting, and addressing future problems. It allows data generated from sensors and other digital valve positioners (DVPs) to be assimilated, analyzed, and presented to the end-user, eliminating complex calculations and analyses that need to be carried out. These factors increase the sales of industrial valves and actuators.
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Industrial Valves and Actuators Market Scope
Accelerate at a CAGR of 4.31%
APAC, Europe, North America, MEA, and South America
China, US, UK, France, and Japan
Leading companies, competitive strategies, consumer engagement scope
ABB Ltd., Danfoss AS, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer Ltd., Honeywell International Inc., Rotork Plc, Schlumberger Ltd., and The Weir Group Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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