Industrial Valves and Actuators Market: Growth Opportunities led by ABB Ltd. and ACTUATECH Spa - Technavio
NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The industrial valves and actuators market size is forecasted to increase by USD 17,005.57 million from 2022 to 2027, at a CAGR of 4.63%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing investments in modernizing industrial facilities, capitalization on growth momentum in the oil and gas pipeline market, and stringent government regulations.
Technavio categorizes the global industrial valves and actuators market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components, covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report
The market is segmented by product (industrial quarter-turn valves, multi-turn valves, industrial control valves, and industrial actuators) and end-user (chemical and petroleum industry, water and wastewater industry, power industry, mining and minerals industry, and others).
Segmentation by product (inclusion/exclusion)
Inclusion:
Industrial quarter-turn valves:
The industrial quarter-turn valves segment grew gradually by USD 27,972.93 million between 2017 and 2021. During the forecast period, the growth of this segment will be driven by factors such as an increase in greenfield projects in the water and wastewater industry and the maintenance of installed valves in existing industries. Industries across the world are upgrading their existing plants to increase production efficiency and reduce labor costs, which will further increase the demand for such valves. In addition, the growth of oil pipelines will also drive the market during the forecast period.
To get detailed insights about inclusions and exclusions, buy report.
Technavio has extensively analyzed 15 major vendors, including ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG, Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS.
Key benefits for industry players and stakeholders ?
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers(purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the industrial valves and actuators market by industry experts to evaluate and develop growth strategies.
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What are the key data covered in the industrial valves and actuators market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the industrial valves and actuators market between 2023 and 2027
Precise estimation of the size of the industrial valves and actuators market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industrial valves and actuators market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of industrial valves and actuators market vendors
Industrial Valves and Actuators Market Scope
Report Coverage
Details
Page number
184
Base year
2022
Historic Period
2017 -2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 4.63%
Market growth 2023-2027
USD 17,005.57 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
4.41
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Performing contribution
APAC at 43%
Key countries
US, China, Japan, UK, and France
Competitive landscape
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Companies profiled
ABB Ltd., ACTUATECH Spa, AUMA Riester GmbH and Co. KG, Automation Technology Inc., AVK Holding AS, BOMAFA Armaturen GmbH, EBRO ARMATUREN Gebr Broer GmbH, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer AG, Honeywell International Inc., MRC Global Inc., Rotork Plc, SAMSON AG, The Weir Group Plc, Velan Inc., WAMGROUP Spa, Schlumberger Ltd., and Danfoss AS
Market Dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 153: Emerson Electric Co. - Business segments
Exhibit 154: Emerson Electric Co. - Key news
Exhibit 155: Emerson Electric Co. - Key offerings
Exhibit 156: Emerson Electric Co. - Segment focus
12.11 Flowserve Corp.
Exhibit 157: Flowserve Corp. - Overview
Exhibit 158: Flowserve Corp. - Business segments
Exhibit 159: Flowserve Corp. - Key news
Exhibit 160: Flowserve Corp. - Key offerings
Exhibit 161: Flowserve Corp. - Segment focus
12.12 General Electric Co.
Exhibit 162: General Electric Co. - Overview
Exhibit 163: General Electric Co. - Business segments
Exhibit 164: General Electric Co. - Key news
Exhibit 165: General Electric Co. - Key offerings
Exhibit 166: General Electric Co. - Segment focus
12.13 Georg Fischer AG
Exhibit 167: Georg Fischer AG - Overview
Exhibit 168: Georg Fischer AG - Business segments
Exhibit 169: Georg Fischer AG - Key offerings
Exhibit 170: Georg Fischer AG - Segment focus
12.14 Honeywell International Inc.
Exhibit 171: Honeywell International Inc. - Overview
Exhibit 172: Honeywell International Inc. - Business segments
Exhibit 173: Honeywell International Inc. - Key news
Exhibit 174: Honeywell International Inc. - Key offerings
Exhibit 175: Honeywell International Inc. - Segment focus
12.15 MRC Global Inc.
Exhibit 176: MRC Global Inc. - Overview
Exhibit 177: MRC Global Inc. - Business segments
Exhibit 178: MRC Global Inc. - Key offerings
Exhibit 179: MRC Global Inc. - Segment focus
12.16 Rotork Plc
Exhibit 180: Rotork Plc - Overview
Exhibit 181: Rotork Plc - Business segments
Exhibit 182: Rotork Plc - Key news
Exhibit 183: Rotork Plc - Key offerings
Exhibit 184: Rotork Plc - Segment focus
12.17 SAMSON AG
Exhibit 185: SAMSON AG - Overview
Exhibit 186: SAMSON AG - Product / Service
Exhibit 187: SAMSON AG - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations
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