The report tracks the major actuator and valves market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players.
Actuators & valves are utilized in directing and controlling the flow of fluids via pipelines that are used in power plants, mining & nuclear processes, wastewater treatment plants, refineries, and food factories. One of the most important mechanisms in processing and manufacturing industries which not only manages the flow but the volume, rate, the direction of fluids and pressure.
Additionally they are playing key role in various applications such as paper & pulp, automotive, iron & steel, oil & gas, energy & power, chemical, and construction.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global market for actuators & valves is driven by certain factors such as need for automated solutions that are compact, enhanced durability and efficiency. This increase has escalated the adoption rate of actuators & valves in energy & power, consumer electronics, and other applications. The global market for actuators & valves is anticipated to observe moderate market growth in the coming years, due to enhanced durability and compact size.
- Fast rising industry of manufacturing and processing sector, assurance of safety, and need of less manual handling will fuel the market growth of valves & actuators globally. These are very effective as well as safe in comparison to several other techniques of controlling owing to compact size as well as capability to fluid regulation without constant human observation.
- However, high costs of maintenance and in several cases laborious installation are anticipated to hinder the market growth. Latest technology based advancements in actuators & valves and declining cost are projected to supply potential opportunities in the global market.
Regionally, the global market for actuators & valves is segmented into Asia Pacific, Latin America, Europe, North America and Middle East & Africa.
Among these, Asia Pacific region attributed to be market leader with maximum revenue share in the global actuators and valves market in past few years. This is due to growing demand for power & semiconductor management devices.
On the other hand, Europe region is the huge trench power gate of actuators and valves market due to the giant market for manufacturing.
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This report analyzes the actuators and valves market by the following segments:
- Actuators and Valves Market, by Type
- Actuators and Valves Market, by Application
- Oil & Gas
- Paper & Pulp
- Water & Wastewater
- Food & Beverages
- Energy & Power
KEY MARKET PLAYERS
Key players in the actuators and valves market include:
- Honeywell International Inc.
- Emerson Electric Co.
- Flowserve Corporation
- Pentair Plc.
- General Electric
- Siemens Ag
- Christian Brkert gmbh & co. kg
- Schlumberger Limited
- Watts water Technologies Inc.
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