Global Actuators and Valves Market: Overview
The global actuators and valves market is foretold to obtain growth opportunities with the rising penetration of industrial automation. Actuators and valves serve various industrial applications while improving the efficiency of industrial processes. Actuators and valves are prophesied to be largely engaged in the manufacturing industry besides other lucrative verticals such as automotive, pharmaceuticals, and petrochemicals. They are extensively used to control and process and successfully automate pipeline operations.
The report presented herewith predicts the global actuators and valves market to be segregated as per application and product. By 2025, quarter turn valves could earn higher sales revenue in the market.
The analysts who have prepared the report make use of unique research methodology to back the credibility of the data and statistics researched by them. Furthermore, ensuring a high level of accuracy every time is one of their first priorities.
Global Actuators and Valves Market: Trends and Opportunities
The world actuators and valves market is foreseen to gain a whole lot of demand with the rising popularity of pneumatic actuators due to their appreciable efficiency in fluid power applications. Pneumatic actuators are expected to be significantly adopted in water supply, wastewater treatment, chemicals, and other related industries. Compared to other types, pneumatic actuators could exhibit a high adoption rate because of their chief benefit of maintaining overload pressure conditions.
Yet, quarter turn valves are anticipated to be among the top-selling products of the world actuators and valves market. This could be owing to their higher CAGR for the coming years. They are also envisaged to have a decent adoption rate across major industries. They offer the important advantage of bi-directional operability in opening and closing flow paths. In terms of end-use industry, oil and gas could offer scores of opportunities to market players. Actuators and valves find application in several components such as downstream pipelines and oilfield supplies. Moreover, they could be engaged by refineries.
Global Actuators and Valves Market: Geographical Analysis
Actuators and valves are expected to find a strong base for their utilization in Thailand, India, Malaysia, and Indonesia owing to the presence of a number of crude oil producers. In the near future, Asia Pacific excluding Japan (APEJ) could be counted among the top regions of the international actuators and valves market. In the recent past, there has been a significant presence of manufacturers in China which is a larger oil producer in the region. In the coming years, the sales rate could increase in the region due to the strong growth of the automotive sector.
Nevertheless, there could also be other regions deemed important for the growth of the international actuators and valves market. These include the Middle East and Africa, Europe, and North America. The report offers a brilliant regional study of the market so readers could be able to identify opportunities in key geographies.
Global Actuators and Valves Market: Companies Mentioned
With a view to extend the application of actuators and valves, leading vendors are envisioned to adopt new designs also attracting new consumers in the market. Vendors could look to capitalize on new growth prospects with the integration of smart technologies such as advanced sensors to improve the operability of actuators and valves. Flowserve Corporations, AVK Holdings A/S, and Honeywell International Inc. are some of the important players of the international actuators and valves market.
Global Actuators and Valves Market: Product
Global Actuators and Valves Market: Application
Global Actuators and Valves Market: Region
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