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Add to CartGlobal Industrial Valves and Actuators Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Industrial Valves - Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Safety Valve, Plug Valve & Others, and Industrial Actuators - Linear Actuator and Rotary Actuator.By System;
Industrial Actuators, Mechanical Actuator, Electric Actuator, Pneumatic Actuator, and Hydraulic Actuator.By End-use;
Oil & Gas, Chemical, Energy & Power, Water & Wastewater, Pulp & Paper, Food & Beverage, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Industrial Valves and Actuators Market (USD Million), 2021 - 2031
In the year 2024, the Global Industrial Valves and Actuators Market was valued at USD 137,248.11 million. The size of this market is expected to increase to USD 183,054.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.
Industrial valves and actuators constitute critical components within various sectors, serving to control the flow of fluids or gases in pipelines and machinery. These components play an indispensable role in regulating processes across industries such as oil and gas, water and wastewater treatment, power generation, chemical processing, and manufacturing. Industrial valves act as gatekeepers, managing the flow rate, pressure, and direction of fluids, while actuators provide the mechanical force necessary to operate these valves, enabling precise control and automation.
The functionality of industrial valves and actuators is diverse, encompassing a wide range of applications and operating conditions. Valves come in various types, including ball valves, gate valves, globe valves, butterfly valves, and check valves, each designed for specific purposes and environments. Actuators, on the other hand, translate control signals into mechanical motion, facilitating the opening, closing, or modulation of valves based on predetermined parameters. Together, valves and actuators enable efficient and reliable operation in complex industrial processes, ensuring safety, productivity, and performance optimization.
One of the key characteristics of industrial valves and actuators is their adaptability to different mediums, pressures, and temperatures. Manufacturers engineer these components to withstand harsh operating conditions, including extreme temperatures, high pressures, corrosive environments, and abrasive substances. This resilience makes industrial valves and actuators indispensable in demanding industries where precision, durability, and reliability are paramount.
Advancements in valve and actuator technology have led to the development of intelligent and integrated solutions that enhance control, monitoring, and automation capabilities. Modern industrial valves and actuators incorporate features such as remote control, digital communication interfaces, feedback sensors, and predictive maintenance functionalities. These innovations empower industries to optimize processes, improve efficiency, and reduce downtime by leveraging real-time data and analytics for proactive decision-making.
Despite their importance and technological advancements, industrial valves and actuators face challenges stemming from regulatory compliance, cost considerations, technological complexity, and market dynamics. Addressing these challenges requires a holistic approach that combines technological innovation, industry collaboration, and strategic planning to ensure the continued reliability, efficiency, and sustainability of industrial processes.
Global Industrial Valves and Actuators Market Recent Developments
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In November 2022, Weir Group acquired a leading manufacturer of valves and actuators, expanding its global footprint and strengthening its product offering.
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In March 2023, KSB introduced its innovative valve and actuator technology, improving process efficiency and reducing maintenance costs.
Segment Analysis
The globe valve, known for its excellent throttling capabilities and precise flow control, is often preferred in processes where moderate to high pressure differentials need regulation. The ball valve, with its quarter-turn operation and versatile applications, offers quick shut-off and tight sealing, making it suitable for various industries. Butterfly valves, featuring a disc mounted on a rotating shaft, excel in large-diameter applications due to their lightweight construction and low-pressure drop characteristics. Safety valves provide crucial protection against overpressure situations, ensuring system safety by relieving excess pressure. Additionally, plug valves and other types such as diaphragm and check valves serve specific purposes, including throttling, backflow prevention, and isolation in demanding industrial environments.
Industrial actuators, which impart motion to valves for controlling flow, come in two primary forms: linear and rotary actuators. Linear actuators produce straight-line motion, often used in applications requiring linear valve operation, such as gate valves and globe valves. On the other hand, rotary actuators generate rotational motion, suited for valves with quarter-turn operation, like ball valves and butterfly valves. These actuators are further categorized based on the system used to power them, including mechanical, electric, pneumatic, and hydraulic actuators. Mechanical actuators rely on manual operation for valve actuation, while electric actuators employ electrical power for automated control. Pneumatic actuators utilize compressed air to drive valve movement, offering quick response times and simplicity in operation. Hydraulic actuators utilize hydraulic fluid pressure to impart motion, providing high force output and precise control over valve positioning.
The end-use sectors for industrial valves and actuators span a broad spectrum of industries, each with unique requirements and challenges. The oil and gas industry heavily relies on these components for upstream, midstream, and downstream operations, including exploration, production, transportation, and refining. In the chemical sector, valves and actuators play a crucial role in managing corrosive substances, ensuring process safety and efficiency. The energy and power industry utilizes these components in power generation, distribution, and transmission systems to regulate fluid and gas flow. Water and wastewater treatment facilities rely on valves and actuators for managing water treatment processes, maintaining water quality, and controlling fluid flow in distribution networks. Pulp and paper mills utilize these components for various processes, including pulp production, paper manufacturing, and wastewater treatment. Additionally, industries such as food and beverage, manufacturing, electronics, marine, and textiles utilize valves and actuators for a wide range of applications, including material handling, production processes, and utilities management.
Industrial valves and actuators serve as indispensable components across diverse industries, enabling precise control, automation, and safety in fluid and gas handling systems. The selection of appropriate valve types, actuators, and systems depends on factors such as application requirements, operating conditions, and industry standards, highlighting the importance of comprehensive understanding and expertise in valve and actuator technology.
Global Industrial Valves and Actuators Segment Analysis
In this report, the Global Industrial Valves and Actuators Market has been segmented by Product, System, End Use, and Geography.
Global Industrial Valves and Actuators Market, Segmentation by Product
The Global Industrial Valves and Actuators Market has been segmented by Product into Industrial Valves - Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Safety Valve, Plug Valve and Others (Diaphragm, Check), Industrial Actuators - Linear Actuator and Rotary Actuator.
Among industrial valves, several key types dominate the market, including gate valves, globe valves, ball valves, butterfly valves, safety valves, plug valves, and others such as diaphragm valves and check valves. Gate valves are widely used for their ability to provide tight shut-off in pipelines, while globe valves offer precise flow control and are commonly employed in industries requiring throttling applications. Ball valves, known for their quick operation and reliability, find extensive use across industries, especially in high-pressure and high-temperature environments. Butterfly valves are valued for their compact design and low pressure drop, making them suitable for large diameter pipelines. Safety valves play a critical role in safeguarding equipment and personnel by releasing excess pressure to prevent system failures.
Industrial actuators, essential for the operation of valves, are categorized into linear actuators and rotary actuators. Linear actuators convert energy into linear motion, facilitating the opening and closing of valves in a straight line. These actuators are preferred for applications requiring precise positioning and force control, such as in control valves and gate valves. Rotary actuators, on the other hand, convert energy into rotary motion, enabling the rotational movement necessary to operate valves with quarter-turn or multi-turn requirements. Rotary actuators are commonly used in ball valves, butterfly valves, and plug valves, offering efficient and reliable operation in diverse industrial settings.
The choice of industrial valves and actuators depends on factors such as application requirements, operating conditions, environmental considerations, and cost-effectiveness. Manufacturers and end-users alike prioritize factors like reliability, durability, efficiency, and ease of maintenance when selecting these components for their operations. Additionally, advancements in materials, design, and technology continue to drive innovation in the industrial valves and actuators market, offering solutions that enhance performance, safety, and sustainability across industries.
As industries worldwide undergo digital transformation and automation, the demand for intelligent and integrated valve and actuator solutions is on the rise. Smart valves and actuators equipped with sensors, communication interfaces, and predictive maintenance capabilities enable remote monitoring, real-time data analysis, and proactive maintenance strategies. This shift towards smart technologies is expected to further propel the growth of the global industrial valves and actuators market, as industries seek to optimize processes, reduce downtime, and enhance operational efficiency in an increasingly competitive landscape.
Global Industrial Valves and Actuators Market, Segmentation by System
The Global Industrial Valves and Actuators Market has been segmented by System into Industrial Actuators, Mechanical Actuator, Electric Actuator, Pneumatic Actuator and Hydraulic Actuator.
Industrial Actuators stand out as critical components facilitating the operation and control of industrial valves. Actuators are essential for translating control signals into mechanical motion to open, close, or modulate valves, thus regulating the flow of fluids or gases in industrial processes.
Within the realm of Industrial Actuators, several subcategories exist, including Mechanical Actuators, Electric Actuators, Pneumatic Actuators, and Hydraulic Actuators. Mechanical Actuators utilize mechanical force, such as gears, cams, or levers, to produce motion and control valve operations. They are often employed in applications where simplicity, reliability, and cost-effectiveness are paramount.
Electric Actuators, on the other hand, utilize electrical energy to generate motion, offering precise control and automation capabilities. These actuators are preferred in applications requiring remote operation, positioning accuracy, and programmable control features. Electric actuators are known for their versatility and compatibility with modern digital control systems, enabling seamless integration into sophisticated industrial environments.
Pneumatic Actuators harness compressed air to drive mechanical motion, providing robust and efficient operation in various industrial settings. Their rapid response, high force-to-weight ratio, and suitability for hazardous environments make them popular choices in industries such as oil and gas, petrochemicals, and manufacturing. Hydraulic Actuators, meanwhile, utilize hydraulic fluid to generate motion, offering high force capabilities and precise control over valve operations. These actuators find applications in heavy-duty industrial processes where high forces and precise positioning are required.
Global Industrial Valves and Actuators Market, Segmentation by End Use
The Global Industrial Valves and Actuators Market has been segmented by End Use into Oil & Gas, Chemical, Energy & Power, Water & Wastewater, Pulp & Paper, Food & Beverage and Others (Manufacturing, Electronics, Marine, And Textiles).
The oil and gas industry represents one of the largest segments, driving demand for valves and actuators in upstream exploration, midstream transportation, and downstream refining and processing operations. Valves and actuators play critical roles in controlling the flow of crude oil, natural gas, and refined petroleum products, as well as managing pressure and safety systems within oil and gas facilities.
In the chemical industry, industrial valves and actuators are essential components for handling corrosive chemicals, toxic substances, and volatile fluids in manufacturing processes. These industries rely on specialized valves and actuators to ensure precise control, containment, and safety measures to prevent environmental contamination, workplace hazards, and equipment damage. Additionally, the energy and power sector heavily utilizes valves and actuators in power generation plants, including coal, natural gas, nuclear, and renewable energy facilities. Valves and actuators regulate steam, water, and fuel flow, as well as control turbine and generator operations to maintain grid stability and optimize energy production.
The water and wastewater treatment sector is another significant consumer of industrial valves and actuators, where these components are essential for managing water distribution networks, treatment processes, and sewage systems. Valves and actuators play crucial roles in controlling the flow, pressure, and direction of water and chemicals, as well as managing filtration, disinfection, and pumping operations. Similarly, the pulp and paper industry relies on valves and actuators for pulp processing, papermaking, and wastewater treatment processes. Valves and actuators facilitate the movement of pulp slurries, chemicals, and water throughout paper mills, ensuring efficient production and environmental compliance.
The food and beverage industry utilizes industrial valves and actuators in various stages of food processing, packaging, and distribution. Valves and actuators are integral to controlling the flow of ingredients, steam, and cleaning solutions, as well as automating production lines for increased efficiency and hygiene standards. Beyond these primary sectors, industrial valves and actuators find applications in other industries such as manufacturing, electronics, marine, and textiles, where they contribute to process automation, equipment reliability, and operational excellence.
Global Industrial Valves and Actuators Market, Segmentation by Geography
In this report, the Global Industrial Valves and Actuators Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Industrial Valves and Actuators Market Share (%), by Geographical Region, 2023
In 2022, Asia Pacific emerged as a dominant force in the industrial valves and actuators market, capturing the highest revenue share of 39.2%. This region is poised for continued growth, with an anticipated significant compound annual growth rate (CAGR) of 6.0% over the forecast period. The driving force behind this expansion is the robust investment in valve manufacturing by prominent emerging economies like China and India. These countries are witnessing a surge in demand across key industries such as water and wastewater management, food and beverage processing, and energy and power generation. To meet this escalating demand, substantial investments are being made in expanding production capacities and adopting advanced technologies, thereby fueling the growth of the industrial valves and actuators market in the region.
The Middle East and Africa (MEA) region are also projected to experience substantial growth in the industrial valves and actuators market during the forecast period. The thriving oil and gas industry in this region serves as a primary catalyst for market expansion. With abundant reserves of oil and gas, the MEA region requires extensive infrastructure for exploration, production, and distribution. This necessitates the deployment of a vast network of pipelines and facilities, where industrial valves and actuators play a critical role. These components are instrumental in regulating the flow of oil, gas, and other fluids, thereby ensuring operational efficiency, safety, and reliability across the oil and gas value chain.
Escalating demand for energy resources and the ongoing investments in infrastructure development projects further drive the demand for industrial valves and actuators in the MEA region. Governments and industry stakeholders are increasingly focusing on enhancing energy security, modernizing infrastructure, and promoting industrial growth. As a result, there is a growing need for advanced valve solutions that can withstand the demanding operating conditions prevalent in the oil and gas sector, power generation plants, and other industrial facilities.
Both Asia Pacific and the Middle East and Africa present significant opportunities for growth and expansion in the industrial valves and actuators market. These regions are characterized by burgeoning industrial activities, rapid urbanization, and increasing investments in critical infrastructure projects, all of which contribute to the sustained demand for high-quality valves and actuators across various industries.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Industrial Valves and Actuators Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Advancements in Automation and Control Systems
- Emphasis on Energy Efficiency and Environmental Sustainability
- Expansion of Process Industries and Manufacturing Facilities
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Rising Adoption of Industrial IoT and Digitalization - IIoT encompasses the integration of sensor technology, connectivity, and data analytics into industrial equipment and systems, enabling real-time monitoring, analysis, and optimization of operations. This digital transformation is revolutionizing how industrial valves and actuators are utilized, managed, and maintained, leading to enhanced efficiency, productivity, and cost-effectiveness.
The integration of IIoT technologies into industrial valves and actuators enables remote monitoring and control of critical processes, providing operators with valuable insights into equipment performance and condition. By leveraging data analytics and predictive maintenance algorithms, companies can proactively identify potential issues, minimize downtime, and optimize maintenance schedules, thereby reducing operational costs and enhancing overall equipment effectiveness. This proactive approach to maintenance not only improves reliability but also extends the lifespan of industrial valves and actuators, maximizing return on investment for businesses.
The proliferation of interconnected devices and smart sensors enables seamless communication and interoperability between different components within industrial systems. This interconnectedness facilitates the implementation of advanced control strategies, such as adaptive process control and predictive analytics, which optimize process parameters in real-time to meet changing demand and operational conditions. As a result, industrial valves and actuators equipped with IIoT capabilities can dynamically adjust their settings and performance to maintain optimal process efficiency and product quality, driving greater operational agility and flexibility.
Digitalization of industrial processes enables the integration of industrial valves and actuators into broader automation and control systems, streamlining workflow orchestration and enabling end-to-end process optimization. By integrating valve and actuator data with other operational data streams, companies can gain a holistic view of their production processes, identify bottlenecks, and implement continuous improvement initiatives. This integrated approach to industrial automation not only enhances operational efficiency but also enables companies to respond more effectively to market dynamics and customer demands, fostering competitiveness and sustainable growth in the Global Industrial Valves and Actuators market.
Restraints:
- High Initial Investment Costs
- Technical Complexity and Integration Issues
- Maintenance and Operational Expenses
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Fluctuating Raw Material Prices - Fluctuating raw material prices pose a significant challenge to the global industrial valves and actuators market, impacting manufacturers, suppliers, and end-users alike. The market heavily relies on various materials such as steel, aluminum, brass, and polymers for the production of valves and actuators, among other components. However, the prices of these raw materials are subject to volatility influenced by factors like geopolitical tensions, supply chain disruptions, currency fluctuations, and changes in demand-supply dynamics.
The uncertainty surrounding raw material prices complicates strategic planning and budgeting for companies operating in the industrial valves and actuators sector. Fluctuations in prices can lead to unpredictability in manufacturing costs, squeezing profit margins and affecting overall financial performance. Manufacturers may find themselves grappling with the dilemma of whether to absorb increased material costs or pass them on to customers through higher prices, potentially impacting market competitiveness and customer loyalty.
Fluctuating prices of raw materials can disrupt supply chains, causing delays in production schedules and fulfillment of orders. Suppliers may face challenges in maintaining consistent inventory levels, leading to uncertainties in meeting customer demand within stipulated timeframes. Such disruptions can result in dissatisfied customers, loss of business opportunities, and damage to brand reputation, further exacerbating the negative impact on the industrial valves and actuators market.
The fluctuating raw material prices can hinder investment decisions and long-term planning initiatives within the industry. Companies may hesitate to commit to large-scale capital expenditures or research and development projects due to the inherent risks associated with unpredictable material costs. This reluctance to invest in innovation and infrastructure upgrades could impede technological progress and hinder the market's ability to meet evolving customer needs and regulatory requirements, thereby constraining its growth potential in the long run.
Opportunities:
- Technological Advancements Driving Innovation
- Increased Demand for Automation and Control Systems
- Growing Emphasis on Energy Efficiency and Sustainability
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Integration of Industrial Internet of Things (IIoT) Solutions - The integration of Industrial Internet of Things (IIoT) solutions presents a significant opportunity for the global industrial valves and actuators market, revolutionizing traditional manufacturing processes and enhancing operational efficiency. IIoT involves the interconnectivity of industrial equipment and devices through sensors, software, and networks, enabling real-time data collection, analysis, and remote control. This technology empowers industries to optimize their operations, improve decision-making, and achieve higher levels of productivity.
One of the key opportunities that IIoT brings to the industrial valves and actuators market is predictive maintenance. By leveraging sensors and data analytics, manufacturers can monitor the condition and performance of valves and actuators in real-time. This proactive approach allows for the detection of potential faults or failures before they occur, reducing downtime, minimizing costly repairs, and extending the lifespan of equipment. As a result, companies can achieve significant cost savings and maintain operational continuity.
IIoT-enabled valves and actuators offer enhanced control and automation capabilities, enabling precise adjustments and optimization of industrial processes. By remotely monitoring and controlling valves and actuators through centralized systems, operators can respond swiftly to changing conditions and optimize system performance in real-time. This level of automation improves process efficiency, reduces human error, and enhances overall productivity, driving demand for advanced valve and actuator solutions in various industries.
The integration of IIoT solutions facilitates data-driven insights and decision-making, empowering manufacturers to optimize their processes and improve resource utilization. By analyzing data collected from valves and actuators, companies can identify trends, patterns, and performance metrics, allowing for continuous improvement and optimization of production processes. This data-driven approach enables businesses to make informed decisions, streamline operations, and maintain a competitive edge in the global market.
Competitive Landscape Analysis
Key players in Global Industrial Valves and Actuators Market include:
- ABB Ltd.
- Danfoss AS
- Emerson Electric Co.
- Flowserve Corp.
- General Electric Co.
- Georg Fischer Ltd.
- Honeywell International Inc.
- Rotork Plc
- Schlumberger Ltd.
- The Weir Group Plc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analys
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By System
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Industrial Valves and Actuators Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand in Oil and Gas Industry
- Growing Emphasis on Water and Wastewater Management
- Expansion of Chemical and Petrochemical Sectors
- Rise in Energy Infrastructure Development
- Restraints
- Maintenance and Operational Expenses
- Limited Technological Integration
- Market Fragmentation and Intense Competition
- Fluctuating Raw Material Prices
- Opportunities
- Growing Demand in Oil and Gas Industry
- Expansion of Chemical and Petrochemical Sector
- Increasing Investments in Water and Wastewater Treatment
- Adoption of Industrial Automation and IoT Technologies
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Industrial Valves and Actuators Market, By Product, 2021 - 2031 (USD Million)
- Industrial Valves
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Safety Valve
- Plug Valve
- Others
- Industrial Actuators
- Linear Actuator
- Rotary Actuator
- Industrial Valves
- Global Industrial Valves and Actuators Market, By System, 2021 - 2031 (USD Million)
- Industrial Actuators
- Mechanical Actuator
- Electric Actuator
- Pneumatic Actuator
- Hydraulic Actuator
- Global Industrial Valves and Actuators Market, By End-use, 2021 - 2031 (USD Million)
- Oil & Gas
- Chemical, Energy & Power
- Water & Wastewater
- Pulp & Paper
- Food & Beverage
- Others
- Global Industrial Valves and Actuators Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Industrial Valves and Actuators Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- ABB Ltd.
- Danfoss AS
- Emerson Electric Co.
- Flowserve Corp.
- General Electric Co.
- Georg Fischer Ltd.
- Honeywell International Inc.
- Rotork Plc
- Schlumberger Ltd.
- The Weir Group Plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market