Valve Actuator Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By End-user, Product Type, and Geography

Description

List of Tables

The Valve Actuator Market size was valued at the market was valued at US$ 15.78 billion in 2023 and is expected to reach US$ 23.52 billion by 2031; it is estimated to record a CAGR of 5.0% from 2023 to 2031.

Recent developments in material science have produced strong, lightweight materials, enabling the creation of resilient, light, and mechanically strong actuators. Current developments in biotechnology, nanotechnology, and information technology will force the creation of new, smaller gadgets and machines that demand the use of strong forces. In addition, the rise of smart and data-driven urban environments demands technologies that go hand in hand with constantly changing environments. Therefore, many market players are engaged in innovating valve actuator technology to support the need for technologically advanced environments in various industries, such as food and beverages, oil & gas, power generation, automotive, and aerospace & defense.

The North America Valve Actuator Market is segmented into the US, Canada, and Mexico. Market growth in this region is attributed to the existing and expanding oil and gas industry. Valve actuators have widely found applications in the oil and gas industry. Valve actuators are used to operate valves in piping systems to regulate the flow of oil and gases (under pressure). Therefore, the flourishing oil and gas industry dominates the North America Valve Actuator Market. According to the International Energy Agency (IEA), the total crude oil production in North America rose by 66% during 2000-2021, reaching ~46.23 million Terajoules (TJ) in 2021. Various established valve actuators market players such as Honeywell, Emerson Electric, Helac Corporation, and Aberdeen Dynamics are operating in North America.

Various players across the region are engaging in the development of innovative electric valve actuators. For example, Kinitics Automation, a Canadian player, demonstrated its innovative electric valve actuators at the University of Calgary in January 2024. The University of Calgary is the laboratory host site for the NGIF Emission Testing Centre (ETC) program. The newly developed electric valve actuator was designed to replace methane-venting pneumatic actuators. This solution has the potential to significantly reduce greenhouse gas emissions by eliminating a source of methane released.

Asia Pacific has a robust oil and gas industry. The rise in population and industrial growth have been propelling energy demands in the region. According to the International Energy Agency (IEA), energy demand in Southeast Asia rose by an average of 3% every year from 2000 till 2020. It is further expected to grow at an average of 5% every year till 2030. As a result, governments in Southeast Asian countries emphasize on expanding their oil production units by introducing new refineries and expanding the production capacity of the existing oil refineries. According to the Energy Information Administration (EIA), at least nine refinery projects are scheduled for completion by the end of 2030 in Asia and the Middle East. Thus, the need for valve actuators in plants and refineries increases with the expansion of oil production capacities in Asia Pacific.

Emerson Electric Co, Schlumberger NV, Alfa Laval AB, Flowserve Corp, Crane Company, Rotork Plc, Valmet Oyj, KITZ Corp, IMI Plc, and Tolomatic, Inc. are among the prominent players profiled in the Valve Actuator Market report. The overall Valve Actuator Market analysis has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Valve Actuator Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the market. The Valve Actuator Market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.

Product Code: TIPRE00039105

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Valve Actuator Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Valve Actuator Market - Key Market Dynamics

5.1 Valve Actuator Market - Key Market Dynamics
5.2 Drivers
- 5.2.1 Growth of Oil & Gas Industry
- 5.2.2 Development of Advanced Valve Actuators
- 5.2.3 Advent of Industry 4.0
5.3 Restraints
- 5.3.1 Economic Slowdown
5.4 Opportunities
- 5.4.1 Increasing Focus on Renewable Energy Sector
- 5.4.2 Rising Development of Water and Wastewater Treatment Plants
5.5 Future Trends:
- 5.5.1 Miniature Actuators
5.6 Impact of Drivers and Restraints:

6. Valve Actuator Market - Global Market Analysis

6.1 Valve Actuator Market Revenue (US$ million), 2023-2031
6.2 Valve Actuator Market Forecast Analysis

7. Valve Actuator Market Analysis - by End-user

7.1 Mining
- 7.1.1 Overview
- 7.1.2 Mining: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.2 LNG
- 7.2.1 Overview
- 7.2.2 LNG: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.3 Chemical
- 7.3.1 Overview
- 7.3.2 Chemical: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.4 Oil and Gas
- 7.4.1 Overview
- 7.4.2 Oil and Gas: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.5 Water and Wastewater
- 7.5.1 Overview
- 7.5.2 Water and Wastewater: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)

8. Valve Actuator Market Analysis - by Product Type

8.1 Electrical
- 8.1.1 Overview
- 8.1.2 Electrical: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.2 Manual
- 8.2.1 Overview
- 8.2.2 Manual: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.3 Hydraulic
- 8.3.1 Overview
- 8.3.2 Hydraulic: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
8.4 Pneumatic
- 8.4.1 Overview
- 8.4.2 Pneumatic: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)

9. Valve Actuator Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Valve Actuator Market Overview
- 9.2.2 North America: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
- 9.2.3 North America: Valve Actuator Market Breakdown, by End-user
  - 9.2.3.1 North America: Valve Actuator Market - Revenue and Forecast Analysis - by End-user
- 9.2.4 North America: Valve Actuator Market Breakdown, by Product Type
  - 9.2.4.1 North America: Valve Actuator Market - Revenue and Forecast Analysis - by Product Type
- 9.2.5 North America: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.1 North America: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.2 United States: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.2.5.2.1 United States: Valve Actuator Market Breakdown, by End-user
    - 9.2.5.2.2 United States: Valve Actuator Market Breakdown, by Product Type
  - 9.2.5.3 Canada: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.2.5.3.1 Canada: Valve Actuator Market Breakdown, by End-user
    - 9.2.5.3.2 Canada: Valve Actuator Market Breakdown, by Product Type
  - 9.2.5.4 Mexico: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.2.5.4.1 Mexico: Valve Actuator Market Breakdown, by End-user
    - 9.2.5.4.2 Mexico: Valve Actuator Market Breakdown, by Product Type
9.3 Europe
- 9.3.1 Europe Valve Actuator Market Overview
- 9.3.2 Europe: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
- 9.3.3 Europe: Valve Actuator Market Breakdown, by End-user
  - 9.3.3.1 Europe: Valve Actuator Market - Revenue and Forecast Analysis - by End-user
- 9.3.4 Europe: Valve Actuator Market Breakdown, by Product Type
  - 9.3.4.1 Europe: Valve Actuator Market - Revenue and Forecast Analysis - by Product Type
- 9.3.5 Europe: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.1 Europe: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.2 Germany: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.2.1 Germany: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.2.2 Germany: Valve Actuator Market Breakdown, by Product Type
  - 9.3.5.3 United Kingdom: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.3.1 United Kingdom: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.3.2 United Kingdom: Valve Actuator Market Breakdown, by Product Type
  - 9.3.5.4 France: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.4.1 France: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.4.2 France: Valve Actuator Market Breakdown, by Product Type
  - 9.3.5.5 Italy: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.5.1 Italy: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.5.2 Italy: Valve Actuator Market Breakdown, by Product Type
  - 9.3.5.6 Russia: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.6.1 Russia: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.6.2 Russia: Valve Actuator Market Breakdown, by Product Type
  - 9.3.5.7 Rest of Europe: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.3.5.7.1 Rest of Europe: Valve Actuator Market Breakdown, by End-user
    - 9.3.5.7.2 Rest of Europe: Valve Actuator Market Breakdown, by Product Type
9.4 Asia Pacific
- 9.4.1 Asia Pacific Valve Actuator Market Overview
- 9.4.2 Asia Pacific: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
- 9.4.3 Asia Pacific: Valve Actuator Market Breakdown, by End-user
  - 9.4.3.1 Asia Pacific: Valve Actuator Market - Revenue and Forecast Analysis - by End-user
- 9.4.4 Asia Pacific: Valve Actuator Market Breakdown, by Product Type
  - 9.4.4.1 Asia Pacific: Valve Actuator Market - Revenue and Forecast Analysis - by Product Type
- 9.4.5 Asia Pacific: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.1 Asia Pacific: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.2 China: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.2.1 China: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.2.2 China: Valve Actuator Market Breakdown, by Product Type
  - 9.4.5.3 Japan: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.3.1 Japan: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.3.2 Japan: Valve Actuator Market Breakdown, by Product Type
  - 9.4.5.4 South Korea: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.4.1 South Korea: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.4.2 South Korea: Valve Actuator Market Breakdown, by Product Type
  - 9.4.5.5 India: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.5.1 India: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.5.2 India: Valve Actuator Market Breakdown, by Product Type
  - 9.4.5.6 Australia: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.6.1 Australia: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.6.2 Australia: Valve Actuator Market Breakdown, by Product Type
  - 9.4.5.7 Rest of APAC: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.4.5.7.1 Rest of APAC: Valve Actuator Market Breakdown, by End-user
    - 9.4.5.7.2 Rest of APAC: Valve Actuator Market Breakdown, by Product Type
9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Valve Actuator Market Overview
- 9.5.2 Middle East and Africa: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
- 9.5.3 Middle East and Africa: Valve Actuator Market Breakdown, by End-user
  - 9.5.3.1 Middle East and Africa: Valve Actuator Market - Revenue and Forecast Analysis - by End-user
- 9.5.4 Middle East and Africa: Valve Actuator Market Breakdown, by Product Type
  - 9.5.4.1 Middle East and Africa: Valve Actuator Market - Revenue and Forecast Analysis - by Product Type
- 9.5.5 Middle East and Africa: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.1 Middle East and Africa: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.2 South Africa: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.5.5.2.1 South Africa: Valve Actuator Market Breakdown, by End-user
    - 9.5.5.2.2 South Africa: Valve Actuator Market Breakdown, by Product Type
  - 9.5.5.3 Saudi Arabia: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.5.5.3.1 Saudi Arabia: Valve Actuator Market Breakdown, by End-user
    - 9.5.5.3.2 Saudi Arabia: Valve Actuator Market Breakdown, by Product Type
  - 9.5.5.4 United Arab Emirates: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.5.5.4.1 United Arab Emirates: Valve Actuator Market Breakdown, by End-user
    - 9.5.5.4.2 United Arab Emirates: Valve Actuator Market Breakdown, by Product Type
  - 9.5.5.5 Rest of Middle East and Africa: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.5.5.5.1 Rest of Middle East and Africa: Valve Actuator Market Breakdown, by End-user
    - 9.5.5.5.2 Rest of Middle East and Africa: Valve Actuator Market Breakdown, by Product Type
9.6 South and Central America
- 9.6.1 South and Central America Valve Actuator Market Overview
- 9.6.2 South and Central America: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
- 9.6.3 South and Central America: Valve Actuator Market Breakdown, by End-user
  - 9.6.3.1 South and Central America: Valve Actuator Market - Revenue and Forecast Analysis - by End-user
- 9.6.4 South and Central America: Valve Actuator Market Breakdown, by Product Type
  - 9.6.4.1 South and Central America: Valve Actuator Market - Revenue and Forecast Analysis - by Product Type
- 9.6.5 South and Central America: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.1 South and Central America: Valve Actuator Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.2 Brazil: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.6.5.2.1 Brazil: Valve Actuator Market Breakdown, by End-user
    - 9.6.5.2.2 Brazil: Valve Actuator Market Breakdown, by Product Type
  - 9.6.5.3 Argentina: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.6.5.3.1 Argentina: Valve Actuator Market Breakdown, by End-user
    - 9.6.5.3.2 Argentina: Valve Actuator Market Breakdown, by Product Type
  - 9.6.5.4 Rest of South and Central America: Valve Actuator Market - Revenue and Forecast to 2031 (US$ million)
    - 9.6.5.4.1 Rest of South and Central America: Valve Actuator Market Breakdown, by End-user
    - 9.6.5.4.2 Rest of South and Central America: Valve Actuator Market Breakdown, by Product Type

10. Competitive Landscape

10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development

12. Company Profiles

12.1 Emerson Electric Co
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Schlumberger NV
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Alfa Laval AB
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Flowserve Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Crane Company
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Rotork Plc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Valmet Oyj
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 KITZ Corp
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 IMI Plc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Tolomatic, Inc.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 Glossary
13.2 About The Insight Partners