The valve actuator market size was valued at the market was valued at US$ 15.78 billion in 2023 and is expected to reach US$ 23.52 billion by 2031; it is estimated to record a CAGR of 5.0% from 2023 to 2031.
The report includes growth prospects in light of current valve actuator market trends and driving factors influencing the market growth. The miniaturization of electronic components and systems plays an important role in the electronics industry. It helps reduce the size of the electronic components used in several applications, such as consumer electronics, healthcare, and automotive. In addition, it helps save space for the incorporation of more technologies or reduce the overall size of the electronic device. For example, the reduced size of batteries helps in powering computer miniaturizations. Moreover, miniaturization helps save the cost of the overall material used in the products or components, which can reduce the overall cost of components and devices. Thus, the miniaturization of the actuators will play a crucial role in integration with the miniatured electronic systems
Valve Actuator Market Analysis
Market players are engaged in innovating valve actuators. For example, in February 2021, Siemens announced its latest range of actuators for valves, which provide low-noise operation for automation use. The SSA range of actuators by Siemens was designed for small valve systems (such as central heating controls and water flow). The actuators include IP54 protection for more flexible installation. The actuators have an integrated LED display for status indication, and they utilize feedback signals to the controlling device to create a closed-loop design.
According to Bennett University's blog in May 2022, micro-electromechanical systems (MEMS) will use actuators to combine mechanical and electrical components in micrometer or millimeter-sized integrated devices or systems. These devices or systems can sense physical stimulus, control a process or system and actuate or drive micro or mega-scale devices. In addition, with the integration of IoT, many sensors and actuators are required for constant monitoring of these devices. Hence, there will be a large requirement for small, low-powered, wireless sensors and smart actuators in the upcoming years, which will drive the Valve Actuator Market during the forecast period.
Valve Actuator Market Overview
An actuator is a component of a device or system that converts energy (generally electrical, air, or hydraulic) into mechanical force. A valve actuator is a component that actuates or moves a valve open or closed. Valve actuators are used in various process plants for the automation of flow control processes. In process control applications, valves regulate fluid flow by opening, shutting, or partially obstructing the fluid flow while managing the pressure. Chemical, mining, oil & gas, power generation, wastewater, and LNG are among the major end users of valve actuators, wherein they are used to control and automate processes. The Valve Actuator Market growth is attributed to factors such as the automation of manufacturing processes, government investments in renewable energy, and flourishment of the oil & gas industry. In addition, the launch of water and wastewater plant construction projects would further drive the market in the coming years.
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Valve Actuator Market: Strategic Insights
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Valve Actuator Market: Strategic Insights
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Valve Actuator Market Drivers and Opportunities
Growth of Oil & Gas Industry to Favor Market
- The oil & gas industry has played a significant role in this industrial revolution and the economic transformation of the world. The major factor driving the evolution of this industry is the growing demand for heat, mobility, and light 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 used in the coming years. Globally, the new oil supplies are expected to add continually to cater to the increase in energy demand. 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.
Increasing Focus on Renewable Energy Sector
- There is a rise in a shift from fossil fuels to renewable energy to lower emission levels and address the climate crisis. In addition, the adoption of renewable energy results in the reduction of the overall cost needed for power generation. Government spending plays a pivotal role in the rapid progression of clean energy investment and the expansion of clean technology supply chains.
- According to the latest update of the International Energy Agency's (IEA's) Government Energy Spending Tracker, the amount of money allocated by governments to support investments in clean energy since 2020 has increased to US$ 1.34 trillion. Direct incentives for manufacturers aimed at bolstering domestic manufacturing of clean energy technologies total ~US$ 90 billion. Such a rise in investment results in the launch of new renewable energy projects that demand valve actuators for an efficient working environment.
Valve Actuator Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Valve Actuator Market analysis are deployment, end user, application, and type.
- Based on end-user, the market is divided into mining, LNG, chemical, oil & gas, water and wastewater, and others. The oil and gas segment held the largest share of the Valve Actuator Market in 2023. Processes involving valve automation make use of linear valve actuators. These actuators make sure that flow and pressure control are within predetermined bounds. To remotely open and close pipeline valves, the oil & gas industry uses electric linear actuators to regulate valve pressure.
- Based on product type, the market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held the largest share of the Valve Actuator Market in 2023. An electric actuator uses an electric motor to generate torque, which is used to operate a valve. It uses less energy and is nontoxic and quiet. It offers lesser chances of leaks compared to other types of actuators. Electric actuators offer the highest accurate control positioning. They can be networked and reprogrammed quickly and offer immediate feedback for diagnostics and maintenance. These actuators are widely used and are in demand in various industries, including oil & gas and food & beverages, as they increase the automation capabilities of these industries.
Valve Actuator Market Share Analysis by Geography
- The Valve Actuator Market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. North America held the largest Valve Actuator Market share in 2023. In terms of market share, Europe, Asia Pacific, and the Middle East & Africa held second, third, and fourth place, respectively, in 2023.
- The market in North America is segmented into the US, Canada, and Mexico. According to the US Environmental Protection Agency, wastewater treatment facilities in the US process ~34 billion gallons of wastewater every day. An estimated 14,748 public-owned water treatment plants in this country provide wastewater collection, treatment, and disposal services to 238.2 million people. Valve actuators play a pivotal role in wastewater treatment plants for controlling the flow of water throughout the treatment process.
Valve Actuator Market News and Recent Developments
The Valve Actuator Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the Valve Actuator Market:
- In 2021, Flowserve Corp launched the FlowSync Bluetooth Actuator App deployed with Limitorque electric actuators for delivering reliable valve control in a variety of applications. The cross-platform mobile application provides plant operators with a smarter way to commission, monitor, control, and update actuators safely and conveniently. (Source: Flowserve, Press Release, 2021)
- In 2024, Emerson Electric Co launched a new eco-friendly electric valve actuator used for ensuring accurate process control in adverse conditions. This eco-friendly electric valve actuator performs accurately and reliably under the extreme conditions found in many heavy industries, particularly oil and gas installations in cold, remote locations. These actuator/valve assemblies increase uptime, improve performance, and reduce the risk of emissions posed by gas-operated systems locations. (Source: Emerson Electric Co, Press Release, 2024)
- In 2023, KSB SE & Co. KGaA launched a new generation of pneumatic 90° quarter-turn actuators. The double-acting and single-acting pneumatic actuators of the ACTAIR EVO and DYNACTAIR EVO type series are designed for actuating all types of part-turn valves, such as butterfly valves, ball valves, and plug valves. (Source: KSB SE & Co. KGaA, Press Release)
Valve Actuator Market Report Scope
Valve Actuator Market Report Coverage and Deliverables
The "Valve Actuator Market Size and Forecast (2021-2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Asia Pacific held the largest market share in 2023, followed by North America and Europe.
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period 2024-2031.
The valve actuator market was valued at US$ 15.78 billion in 2023 and is projected to reach US$ 23.52 billion by 2031; it is expected to grow at a CAGR of 5.1% during 2023–2031.
Miniature actuators are the future trends of the valve actuator market.
The growth of the oil & gas industry, the development of advanced valve actuators, and the advent of Industry 4.0 are the driving factors impacting the valve actuator market.
The key players holding majority shares in the valve actuator market include Emerson Electric Co., SLB, ALFA LAVAL, IMI Critical Engineering, Valmet, and KITZ Corporation.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Valve Actuator Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Valve Actuator Market – Key Market Dynamics
5.1 Valve Actuator Market – Key Market Dynamics
5.2 Drivers
5.2.1 Growth of Oil & Gas Industry
5.2.2 Development of Advanced Valve Actuators
5.2.3 Advent of Industry 4.0
5.3 Restraints
5.3.1 Economic Slowdown
5.4 Opportunities
5.4.1 Increasing Focus on Renewable Energy Sector
5.4.2 Rising Development of Water and Wastewater Treatment Plants
5.5 Future Trends:
5.5.1 Miniature Actuators
5.6 Impact of Drivers and Restraints:
6. Valve Actuator Market – Global Market Analysis
6.1 Valve Actuator Market Revenue (US$ million), 2023–2031
6.2 Valve Actuator Market Forecast Analysis
7. Valve Actuator Market Analysis – by End-user
7.1 Mining
7.1.1 Overview
7.1.2 Mining: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.2 LNG
7.2.1 Overview
7.2.2 LNG: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.3 Chemical
7.3.1 Overview
7.3.2 Chemical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.4 Oil and Gas
7.4.1 Overview
7.4.2 Oil and Gas: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.5 Water and Wastewater
7.5.1 Overview
7.5.2 Water and Wastewater: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8. Valve Actuator Market Analysis – by Product Type
8.1 Electrical
8.1.1 Overview
8.1.2 Electrical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.2 Manual
8.2.1 Overview
8.2.2 Manual: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.3 Hydraulic
8.3.1 Overview
8.3.2 Hydraulic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.4 Pneumatic
8.4.1 Overview
8.4.2 Pneumatic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9. Valve Actuator Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Valve Actuator Market Overview
9.2.2 North America: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.2.3 North America: Valve Actuator Market Breakdown, by End-user
9.2.3.1 North America: Valve Actuator Market – Revenue and Forecast Analysis – by End-user
9.2.4 North America: Valve Actuator Market Breakdown, by Product Type
9.2.4.1 North America: Valve Actuator Market – Revenue and Forecast Analysis – by Product Type
9.2.5 North America: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.2.5.2.1 United States: Valve Actuator Market Breakdown, by End-user
9.2.5.2.2 United States: Valve Actuator Market Breakdown, by Product Type
9.2.5.3 Canada: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.2.5.3.1 Canada: Valve Actuator Market Breakdown, by End-user
9.2.5.3.2 Canada: Valve Actuator Market Breakdown, by Product Type
9.2.5.4 Mexico: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.2.5.4.1 Mexico: Valve Actuator Market Breakdown, by End-user
9.2.5.4.2 Mexico: Valve Actuator Market Breakdown, by Product Type
9.3 Europe
9.3.1 Europe Valve Actuator Market Overview
9.3.2 Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.3 Europe: Valve Actuator Market Breakdown, by End-user
9.3.3.1 Europe: Valve Actuator Market – Revenue and Forecast Analysis – by End-user
9.3.4 Europe: Valve Actuator Market Breakdown, by Product Type
9.3.4.1 Europe: Valve Actuator Market – Revenue and Forecast Analysis – by Product Type
9.3.5 Europe: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.2.1 Germany: Valve Actuator Market Breakdown, by End-user
9.3.5.2.2 Germany: Valve Actuator Market Breakdown, by Product Type
9.3.5.3 United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.3.1 United Kingdom: Valve Actuator Market Breakdown, by End-user
9.3.5.3.2 United Kingdom: Valve Actuator Market Breakdown, by Product Type
9.3.5.4 France: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.4.1 France: Valve Actuator Market Breakdown, by End-user
9.3.5.4.2 France: Valve Actuator Market Breakdown, by Product Type
9.3.5.5 Italy: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.5.1 Italy: Valve Actuator Market Breakdown, by End-user
9.3.5.5.2 Italy: Valve Actuator Market Breakdown, by Product Type
9.3.5.6 Russia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.6.1 Russia: Valve Actuator Market Breakdown, by End-user
9.3.5.6.2 Russia: Valve Actuator Market Breakdown, by Product Type
9.3.5.7 Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.3.5.7.1 Rest of Europe: Valve Actuator Market Breakdown, by End-user
9.3.5.7.2 Rest of Europe: Valve Actuator Market Breakdown, by Product Type
9.4 Asia Pacific
9.4.1 Asia Pacific Valve Actuator Market Overview
9.4.2 Asia Pacific: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.3 Asia Pacific: Valve Actuator Market Breakdown, by End-user
9.4.3.1 Asia Pacific: Valve Actuator Market – Revenue and Forecast Analysis – by End-user
9.4.4 Asia Pacific: Valve Actuator Market Breakdown, by Product Type
9.4.4.1 Asia Pacific: Valve Actuator Market – Revenue and Forecast Analysis – by Product Type
9.4.5 Asia Pacific: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.2.1 China: Valve Actuator Market Breakdown, by End-user
9.4.5.2.2 China: Valve Actuator Market Breakdown, by Product Type
9.4.5.3 Japan: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.3.1 Japan: Valve Actuator Market Breakdown, by End-user
9.4.5.3.2 Japan: Valve Actuator Market Breakdown, by Product Type
9.4.5.4 South Korea: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.4.1 South Korea: Valve Actuator Market Breakdown, by End-user
9.4.5.4.2 South Korea: Valve Actuator Market Breakdown, by Product Type
9.4.5.5 India: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.5.1 India: Valve Actuator Market Breakdown, by End-user
9.4.5.5.2 India: Valve Actuator Market Breakdown, by Product Type
9.4.5.6 Australia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.6.1 Australia: Valve Actuator Market Breakdown, by End-user
9.4.5.6.2 Australia: Valve Actuator Market Breakdown, by Product Type
9.4.5.7 Rest of APAC: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.4.5.7.1 Rest of APAC: Valve Actuator Market Breakdown, by End-user
9.4.5.7.2 Rest of APAC: Valve Actuator Market Breakdown, by Product Type
9.5 Middle East and Africa
9.5.1 Middle East and Africa Valve Actuator Market Overview
9.5.2 Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.5.3 Middle East and Africa: Valve Actuator Market Breakdown, by End-user
9.5.3.1 Middle East and Africa: Valve Actuator Market – Revenue and Forecast Analysis – by End-user
9.5.4 Middle East and Africa: Valve Actuator Market Breakdown, by Product Type
9.5.4.1 Middle East and Africa: Valve Actuator Market – Revenue and Forecast Analysis – by Product Type
9.5.5 Middle East and Africa: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.5.5.2 South Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.5.5.2.1 South Africa: Valve Actuator Market Breakdown, by End-user
9.5.5.2.2 South Africa: Valve Actuator Market Breakdown, by Product Type
9.5.5.3 Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.5.5.3.1 Saudi Arabia: Valve Actuator Market Breakdown, by End-user
9.5.5.3.2 Saudi Arabia: Valve Actuator Market Breakdown, by Product Type
9.5.5.4 United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.5.5.4.1 United Arab Emirates: Valve Actuator Market Breakdown, by End-user
9.5.5.4.2 United Arab Emirates: Valve Actuator Market Breakdown, by Product Type
9.5.5.5 Rest of Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.5.5.5.1 Rest of Middle East and Africa: Valve Actuator Market Breakdown, by End-user
9.5.5.5.2 Rest of Middle East and Africa: Valve Actuator Market Breakdown, by Product Type
9.6 South and Central America
9.6.1 South and Central America Valve Actuator Market Overview
9.6.2 South and Central America: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.6.3 South and Central America: Valve Actuator Market Breakdown, by End-user
9.6.3.1 South and Central America: Valve Actuator Market – Revenue and Forecast Analysis – by End-user
9.6.4 South and Central America: Valve Actuator Market Breakdown, by Product Type
9.6.4.1 South and Central America: Valve Actuator Market – Revenue and Forecast Analysis – by Product Type
9.6.5 South and Central America: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.6.5.2.1 Brazil: Valve Actuator Market Breakdown, by End-user
9.6.5.2.2 Brazil: Valve Actuator Market Breakdown, by Product Type
9.6.5.3 Argentina: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.6.5.3.1 Argentina: Valve Actuator Market Breakdown, by End-user
9.6.5.3.2 Argentina: Valve Actuator Market Breakdown, by Product Type
9.6.5.4 Rest of South and Central America: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.6.5.4.1 Rest of South and Central America: Valve Actuator Market Breakdown, by End-user
9.6.5.4.2 Rest of South and Central America: Valve Actuator Market Breakdown, by Product Type
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 Emerson Electric Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Schlumberger NV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alfa Laval AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Flowserve Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Crane Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rotork Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Valmet Oyj
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KITZ Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IMI Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tolomatic, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Glossary
13.2 About The Insight Partners
List of Tables
Table 1. Valve Actuator Market segmentation
Table 2. List of Vendors
Table 3. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Table 4. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End-user
Table 5. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 6. North America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 7. North America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 8. North America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Country
Table 9. United States: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 10. United States: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 11. Canada: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 12. Canada: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 13. Mexico: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 14. Mexico: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 15. Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 16. Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 17. Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Country
Table 18. Germany: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 19. Germany: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 20. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 21. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 22. France: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 23. France: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 24. Italy: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 25. Italy: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 26. Russia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 27. Russia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 28. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 29. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 30. Asia Pacific: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 31. Asia Pacific: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 32. Asia Pacific: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Country
Table 33. China: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 34. China: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 35. Japan: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 36. Japan: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 37. South Korea: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 38. South Korea: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 39. India: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 40. India: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 41. Australia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 42. Australia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 43. Rest of APAC: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 44. Rest of APAC: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 45. Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 46. Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 47. Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Country
Table 48. South Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 49. South Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 50. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 51. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 52. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 53. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 54. Rest of Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 55. Rest of Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 56. South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 57. South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 58. South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Country
Table 59. Brazil: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 60. Brazil: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 61. Argentina: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 62. Argentina: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 63. Rest of South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by End-user
Table 64. Rest of South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million) – by Product Type
Table 65. Company Positioning & Concentration
List of Figures
Figure 1. Valve Actuator Market segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. PEST Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Valve Actuator Market Revenue (US$ million), 2023–2031
Figure 6. Valve Actuator Market Share (%) – by End-user (2023 and 2031)
Figure 7. Mining: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 8. LNG: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 9. Chemical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 10. Oil and Gas: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 11. Water and Wastewater: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 12. Others: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 13. Valve Actuator Market Share (%) – by Product Type (2023 and 2031)
Figure 14. Electrical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 15. Manual: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 16. Hydraulic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 17. Pneumatic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 18. Valve Actuator Market Breakdown by Region, 2023 and 2031 (%)
Figure 19. North America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 20. North America: Valve Actuator Market Breakdown, by End-user (2023 and 2031)
Figure 21. North America: Valve Actuator Market Breakdown, by Product Type (2023 and 2031)
Figure 22. North America: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 23. United States: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 24. Canada: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 25. Mexico: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 26. Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 27. Europe: Valve Actuator Market Breakdown, by End-user (2023 and 2031)
Figure 28. Europe: Valve Actuator Market Breakdown, by Product Type (2023 and 2031)
Figure 29. Europe: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 30. Germany: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 31. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 32. France: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 33. Italy: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 34. Russia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 35. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 36. Asia Pacific: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 37. Asia Pacific: Valve Actuator Market Breakdown, by End-user (2023 and 2031)
Figure 38. Asia Pacific: Valve Actuator Market Breakdown, by Product Type (2023 and 2031)
Figure 39. Asia Pacific: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 40. China: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 41. Japan: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 42. South Korea: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 43. India: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 44. Australia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 45. Rest of APAC: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 46. Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 47. Middle East and Africa: Valve Actuator Market Breakdown, by End-user (2023 and 2031)
Figure 48. Middle East and Africa: Valve Actuator Market Breakdown, by Product Type (2023 and 2031)
Figure 49. Middle East and Africa: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 50. South Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 51. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 52. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 53. Rest of Middle East and Africa: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 54. South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 55. South and Central America: Valve Actuator Market Breakdown, by End-user (2023 and 2031)
Figure 56. South and Central America: Valve Actuator Market Breakdown, by Product Type (2023 and 2031)
Figure 57. South and Central America: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 58. Brazil: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 59. Argentina: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 60. Rest of South and Central America: Valve Actuator Market – Revenue and Forecast to 2031(US$ million)
Figure 61. Heat Map Analysis by Key Players
The List of Companies - Valve Actuator Market
- Emerson Electric Co
- Schlumberger NV
- Alfa Laval AB
- Flowserve Corp
- Crane Company
- Rotork Plc
- Valmet Oyj
- KITZ Corp
- IMI Plc
- Tolomatic, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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