Growth in the Oil and Gas Industry Boosts Valve Actuator Market Growth
According to our latest market study on "Valve Actuator Market Size and Forecast (2021–2031), Regional Share, Trend, and Growth Opportunity Analysis — by Product Type, Torque, Speed, and End User," the market was valued at US$ 17.25 billion in 2024 and is anticipated to reach US$ 24.62 billion by 2031. It is estimated to register a CAGR of 5.3% during 2025–2031. The report includes growth prospects in light of current valve actuator market trends and driving the growth.
The oil & gas industry has played a significant role in the global industrial revolution and economic transformation. The demand for heat, mobility, and light is growing worldwide owing to the rapidly growing population. The oil & gas industry accounted for the largest share of global consumption of energy resources. Natural gas is estimated to be the fastest-growing fossil fuel in the coming years. The oil supplies are expected to add continually to cater to the increase in energy demand. As per the International Energy Agency (IEA), the worldwide oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day, with a significant requirement from the petrochemical and aviation divisions. According to International Energy Statistics, the US has been the leading producer of crude oil for the past six consecutive years. In 2023, US crude oil production, including condensate, averaged 12.9 million barrels per day (b/d), surpassing the previous record of 12.3 million b/d set in 2019. Moreover, in March 2025, ExxonMobil's Australian subsidiary announced that its Gippsland Basin joint venture with Woodside Energy has officially approved the final investment decision for the Turrum Phase 3 project. The A$350 million (US$ 221.31 million) initiative is focused on developing previously untapped gas resources and involves drilling five new wells in the Turrum and North Turrum gas fields. The growth of the oil & gas industry drives the valve actuator market by increasing demand for automation, safety, and efficiency in exploration, production, and transportation.
Valve Actuator Market Analysis – by Geography
Valve Actuator Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Electrical, Pneumatic, Hydraulic, and Manual), Torque (Less than 50 Nm, 50 Nm to 1000 Nm, and Higher than 1000 Nm), Speed (Up to 10mm/s, 10 mm/s to 40 mm/s, 40 mm/s to 80 mm/s, and 80 mm/s and above), End User (Oil and Gas, Water and Wastewater, Mining, Power, Chemical, LNG, Pulp and Paper, Steel, Glass, and Others), and Geography
Valve Actuator Market Report, Analysis, Opportunities by 2031
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Source: The Insight Partners Analysis
Precision control of the product flow through system valves is essential in the oil, gas, and petrochemical industries, and valve actuators modulate that flow. Valve actuators are used in onshore and offshore productions of oil and gas. Under the most extreme circumstances—such as extreme highs and lows, drought or heavy precipitation, isolated locations in deserts or the Arctic, and the corrosive effects of chemicals, high humidity, or salinity for prolonged periods—these vital pieces of equipment must function dependably and safely. Explosion protection is necessary in potentially explosive environments, and fireproof operation is essential in some applications. Thus, the rising need for valve actuators to perform the core function of opening and closing valves in the growing oil & gas industry fosters the Valve Actuator Market growth.
The scope of the Valve Actuator Market report focuses on North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). In Europe, Germany held the largest Valve Actuator market share in 2024. According to the International Trade Administration, in August 2022, Germany revealed its plans to shift its energy generation source from coal, oil, and nuclear to nuclear-free renewable sources and increase the share of power generation by 60% through renewables by 2050. This will contribute to the building of renewable plants. Germany is also investing in expanding power generation from renewable and nonrenewable sources to meet the growing demand for electricity. Germany's Economy Minister announced in March 2023 that the country will use a tender to build 25 gigawatts of new gas power plants by 2030 for use when renewable sources are not providing enough power. Moreover, in January 2024, Shell Deutschland GmbH made a final investment decision (FID) to transform the hydrocracker at its Wesseling facility within the Energy and Chemicals Park Rheinland into a production unit for Group III base oils, which are used in high-performance lubricants such as engine and transmission oils. Crude oil processing will cease at Wesseling by 2025, though it will continue at the Godorf site. Thus, such expansions for the energy sector fuel the demand for valve actuators for flow control operations in power plants, which is likely to impact the Valve Actuator Market forecast.
In North America, the US held the largest Valve Actuator Market share in 2024. The valve actuator market in the US is growing due to increasing industrial automation, rising demand for energy-efficient solutions, and expanding key sectors such as oil and gas, water treatment, and manufacturing. For example, in October 2024, the US Environmental Protection Agency announced US$3.6 billion in funding combined with US$2.6 billion announced; this US$6.2 billion in investments for Fiscal Year 2025 will help communities across the country upgrade water infrastructure that is essential to safelyanaging wastewater. Moreover, the US has the presence of renowned market players such as Emerson Electric Co., Flowserve Corporation, and Crane Company. Players across the country focus on the development of new valve actuators. In February 2024, Emerson Electric Co. launched the Fisher Easy-Drive 200R electric actuator for use on Fisher butterfly and ball valves. When paired with these valves, the launched valve actuator performs accurately and reliably under extreme conditions in heavy industries, particularly oil and gas installations in cold, remote locations. Thus, the presence of renowned market players and new product launches propel the growth of the US valve actuator market.
AUMA Riester GmbH & Co. KG, SLB, Rotork Plc, Emerson Electric Co, Alfa Laval AB, Crane Company, Valmet Oyj, Flowserve Corp, KITZ Corp, Schneider Electric SE, Controls Supply Chain B.V., and IMI Plc are among the key players profiled in the Valve Actuator Market report. Several other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The market study provides detailed market insights, which help the key players strategize their growth.
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