New ARC Advisory Group research on the global valve actuators market reveals a steep decline in actuator revenues across most major world regions. This is due largely to the effects of the COVID-19 pandemic on the world’s economies. ARC expects to see a gradual market recovery in 2021, with a return to stable growth rates unlikely before 2022 or 2023. Market performance will depend heavily on how quickly capital investment, government spending, and consumer spending rebound.
“In the valve actuators market, growth depends heavily on demand from the oil & gas, refining, chemicals, and other process industries, which in turn depend heavily on consumer demand. The COVID-19 pandemic has significantly reduced demand for many products, especially fuels for transportation and power. Depressed commodity prices for crude oil and refined products in particular - inhibit further investment in these areas. As a result, we’re not likely to see the market return to its 2019 level until 2025 in several regions,” according to Sandeep Mukunda, Senior Research Analyst at ARC Advisory Group and key author of ARC’s Valve Actuators Global Market Research report.
About the Valve Actuators Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year (global/regional) forecasts for the valve actuators market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by actuators type, industry, customer type, revenue category, sales channel, and world region.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – This personalized spreadsheet includes up to two years of historical data in addition to the current base year market data and five-year market forecast. The workbook enables licensed users to freely manipulate the latest data to make it easier to analyze for business intelligence and generate custom reports.
- Concise Presentation Market Analysis Report (PDF) – This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.