The global valve actuator market experienced a dip in 2020, as the pandemic reduced demand from many key vertical markets and caused project delays. The pandemic boosted investment in digital technologies for remote management and monitoring tools in both IT services and the industrial space. With the benefits of Industrial IoT becoming evident, suppliers are looking to integrate connected valves and field devices in their portfolios. The focus now is on instrument efficiency, accuracy, safety, and stability. ARC is also witnessing a shift from conventional mechanical and electro-mechanical actuators to more sophisticated electronic actuating solutions.
"The automated valves space is currently witnessing an evolution, with several key market participants transforming their business, from mere equipment manufacturers and suppliers to complete solution providers. Cloud platforms and analytics engines are being employed for data management, processing, and predictive maintenance. The ongoing digitalization trend is expected to generate more demand for valve actuators and accompanying smart remote monitoring devices in both new construction and retrofit projects. The increased focus on leveraging pervasive communications networks, cloud storage, and computing capability to enable asset management initiatives drives smart valve actuator's demand among end users seeking higher productivity and efficiency," according to Sandeep Mukunda, Market Analyst and key author of ARC's Valve Actuators Market Research Report.
Valve Actuator Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Batteries to Power Wireless Devices
- Energy Saving Measures
- Increasing Acceptance of Outsourcing Maintenance
- Increasing Adoption of Wireless Positioners
- Increasing Demand for More In-depth Information
- Increasing Electrification of Control Valves
- Increasing Focus on Safety Lifecycle
- Increasing Regulatory Pressure
- Integrated Connected Valves
- Technological Advancements in Communication Protocols
Leading Suppliers to the Valve Actuators Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: AUMA, Emerson Automation Solutions, Flowserve, Neles, Rotork.
About the Valve Actuators Research
The Valve Actuators report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. 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 and 2 years of historical analysis segmented by World Region, Industry, Sales Channel, Customer Type, Flow Modulation Type, Revenue Category, Actuator Type, Pneumatic Actuators by Type, Electric Actuators by Operating Torque.
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:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with 2 years of historical analysis.
- Concise 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.
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