Le Lézard
Classified in: Mining industry
Subject: MRR

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)

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 ?

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

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?

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.

Browse for Technavio's Industrials Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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