Valve Actuator Market Size, Segments, and Trends by 2031
Valve Actuator Market: Strategic Insights
Valve Actuator Market
-
CAGR (2023 - 2031)5.0% -
Market Size 2023
US$ 15.78 billion -
Market Size 2031
US$ 23.52 billion
Market Dynamics
GROWTH DRIVERS
- Growth of Oil & Gas Industry, Development of Advanced Valve Actuators, Advent of Industry 4.0
FUTURE TRENDS
- Miniature Actuators
OPPORTUNITIES
- Increasing Focus on Renewable Energy Sector
- Rising Development of Water and Wastewater Treatment Plants
Key Players
- Cegedim SA
- Emerson Electric Co
- Schlumberger NV
- Alfa Laval AB
- Flowserve Corp
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
End-User
- Mining
- LNG
- Chemical
- Oil and Gas
- Water and Wastewater
Product Type
- Electrical
- Manual
- Hydraulic
- Pneumatic