Actuators are mechanical or electro-mechanical devices offering controlled movement movements or positioning in any machinery. Actuators can be operated manually, electrically, or hydraulically. Currently, various sizes and power configuration of actuators are available in market, depending on the applications. Valves are those mechanical devices that regulate the flow and pressure within a process or system. Different types of valves have different functional capabilities. Valves can be self-operated, or can be operated manually, pneumatic, or hydraulically. Furthermore, actuators are extensively used to operate valves remotely.
As per the study published by Allied Market Research, titled, “Actuators And Valves Market by Type (Actuators (Electric Actuators, Mechanical Actuators, Pneumatic Actuators, and Hydraulic Actuator), and Valves (Multi-turn Valves, and Control Valves)) and Application (Oil & Gas, Paper & Pulp, Mining, Water & Wastewater, Food & Beverages, Energy & Power, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global actuators & valves market size was valued at 101.14 billion in 2019, and is projected to reach at $149.31 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. North America is expected to be the leading contributor to the global actuators & valves market share, followed by Europe and Asia-Pacific.
The latest technological developments and surge in demand are the prime factors behind the rapid Actuators & Valves Market growth. The report includes a detailed study of the major market trends, driving factors, top 10 market players, and prime investment pockets.
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Major market players
The report covers a comprehensive study of the major market players that are currently operating in the Actuators & Valves Market. These market players are
The competitive analysis of these organizations includes a thorough business overview, portfolio analysis of services and products. The companies have adopted several strategies including joint ventures, partnerships, new product launches, mergers & acquisitions, and collaboration to continue their dominant position in the market.
The report offers a comprehensive study of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to understand the restraining and driving factors in the industry. The report outlines market segmentation and covers the study of major market players. Moreover, the report provides an in-depth study of the impact of the Covid-19 outbreak on the global Actuators & Valves Market growth with an overview, definition and scope highlights.
The Actuators & Valves Market report provides a detailed analysis of the market based on multiple parameters such as sales, sales analysis, market size, and major driving factors. Furthermore, the report provides Porter’s five forces analysis, SWOT analysis, portfolio and financial analysis, and business overview of services and products. Such statistical tools offer essential information about leading market players and help recognize lucrative opportunities in the industry. The report helps market players and new industry entrants to formulate sound business strategies and leverage the upcoming opportunities in the market.
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The report provides a detailed study of the major market trends and driving factors that increase the growth of the Actuators & Valves Market. The study of drivers and opportunities helps in understanding the dynamic industry trends and how companies can leverage such trends. On the other hand, the study of challenges and restraints included in the report helps in recognizing lucrative market investments. The global Actuators & Valves Market report offers both quantitative and qualitative analyses of the market. The qualitative study covers the value chain analysis, pain point analysis, and key regulations.
The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The prolonged lockdown across the globe and stringent restrictions on international trade has a significant impact on the global Actuators & Valves Market. The Covid-19 outbreak has resulted in a disrupted supply chain and increased the prices of raw materials. The report provides consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.
The global Actuators & Valves Market offers detailed segmentation based on types, applications, and region. The Actuators & Valves Market is segmented on the basis of geography. The regions studied in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This market study helps to devise business strategies and recognize lucrative opportunities.
The report includes a comprehensive study of market trends, major market players, and top investment pockets that help understand strategies and make informed decisions. The study involves a detailed analysis of the top impacting factors and major investment pockets that affect the overall market growth.
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Key Market Segments
- By Application
- Oil & Gas
- Paper & Pulp
- Water & Wastewater
- Food & Beverages
- Energy & Power
- By Type
- Electric Actuators
- Mechanical Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- Quarter Turn Valves
- Multi Turn Valves
- Control Valves
- By Region
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- North America
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Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.