Rapid Urbanization in Emerging Markets to Continue Driving Demand for Actuators and Valves

The actuator and valve market report provides an in-depth analysis of the global actuator and valve market for the period 2014 – 2024, wherein 2015 is the base year and the years from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the actuator and valve market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during the forecast period. The study provides a holistic perspective on market growth in terms of revenue estimates (in US$ Bn), across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report provides cross-sectional analysis of the global actuator and valve market in terms of market estimates and projections for all the segments across different geographic regions. The report also covers profiles of major players, their growth strategies, their market positioning, and the various recent developments, and includes market positioning analysis of key players operating in the actuator and valve market.

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Actuators and Valves Market: Snapshot

The growth in urbanization is creating a significant demand for public and private sector infrastructure development such as power stations, water supply, electricity grids, and water treatment plants, which is driving the global actuators and valves market.

Rapid urbanization in emerging markets and an increase in urban areas in developed economies is the biggest factor driving the actuators and valves market worldwide. The use of simulation software is also expected to augment the market in the near future. With the rising need for customized, non-standard products across multiple industries, valve manufacturers are anticipated to save both development time and fabrication costs by leveraging simulation software. This will ensure adequate supply in the market.

The global actuators and valves market stood at US$74.37 bn in 2015 and is expected to reach US$124.30 bn by 2024, expanding at a CAGR of 6.0% therein.

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Demand for Actuators and Valves Soars in Water and Wastewater Treatment Industry

Actuators and valves find application in several end-use industries such as water and wastewater treatment, food and beverage, oil and gas, refining, paper and pulp, mining, chemical, healthcare, marine, energy, and construction. The water and wastewater treatment industry held the dominant share in the global actuator and valves market at the start of the forecast period and the segment is likely to retain its lead through 2024. Rapid urbanization and the continuous growth in the global population are the key factors driving the demand for potable water, thereby fueling the need for actuators and valves in the water and wastewater treatment sector. The treatment of wastewater requires valves and actuators to control the flow of water. Actuators used in this industry need to be changed regularly owing to the impact of humidity and the dirt in water.

The construction industry, which includes commercial as well as residential construction, also accounted for a prominent share in the actuators and valves market. Butterfly valves are commonly used in this sector as they are more reliable for temperature control applications and for heating, ventilation, and cooling (HVAC).

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