New ARC Advisory Group research on the global valve actuators market reveals that the evolving technology in microelectronics technology has paved the way for many upgrades in the communication segment. For instance, with an OPC-UA server application package, valve positioners can communicate with an OPC-UA client and also be integrated into Industrial IoT applications. The aftermath of the pandemic saw an increasing emphasis on digitalization and now end users are aware of the cost benefits of condition monitoring and predictive analysis to avoid downtime and minimize human intervention on the process. The increased focus on leveraging pervasive communications networks, cloud storage, and computing capability to enable asset management initiatives drives demand for smart valve actuators among end users seeking higher productivity and efficiency.
"Recent advances in data science, artificial intelligence, and computing power have converged in a “perfect storm” to enable commercialization of algorithms to provide human-like analysis of large data sets at machine speeds. These advances are allowing valve and actuator suppliers to apply artificial intelligence to valve health monitoring solutions to provide more advanced warning and richer analysis of impending valve failures. End users are placing increased focus on the entire safety lifecycle. More users are beginning to recognize that most safety failures originate from valves connected to the safety system rather than from the safety logic itself. This understanding is driving end users to invest in more intelligent and reliable valve actuators so they can not only operate safer plants but also demonstrate compliance and reliability,” according to David Clayton, Research Director and key author of ARC's Valve Actuators Market Research.
Valve Actuators Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Increasing Focus on Cybersecurity
- Increasing Focus on Safety Lifecycle
- Energy Saving Measures
- 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, Rotork, Valmet.
About the Valve Actuators Research
The Valve Actuators research 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, five-year market forecasts, and eight years of historical analysis. The research segmentation includes World Region, Revenue Type, Industry, Actuator Type, Pneumatic Actuator Type, Electric Actuator Type, Flow Modulation Type, Customer Type, Sales Channel.
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