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Actuators and Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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<strong>Actuators</strong> <strong>and</strong> <strong>Valves</strong> <strong>Market</strong> (Type - <strong>Actuators</strong> (Pneumatic, Hydraulic, Electric,<br />

Mechanical, Manual <strong>and</strong> Hybrid <strong>Actuators</strong>), <strong>Valves</strong> (Linear Motion, Rotary<br />

Motion, Specialty <strong>and</strong> Self-Actuated Valve) - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>,<br />

<strong>Growth</strong>, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2016</strong> - <strong>2024</strong><br />

The global actuators <strong>and</strong> valves market is immensely fragmented with the 10 leading players accounting<br />

for a mere 20% of the global market in 2015. Transparency <strong>Market</strong> Research has observed a high degree<br />

of competition in the market owing to the presence of a large number of players. This can be attributed to<br />

the fact that most leading companies have been engaged in acquiring smaller vendors in order to gain<br />

market share. For instance, in 2015, Schlumberger Limited acquired Cameron International Corporation<br />

in order to exp<strong>and</strong> its product offerings.<br />

While the threat of substitutes in the actuators <strong>and</strong> valves market is nil, the threat of new entrants is also<br />

rather limited. “High entry barriers such as increased capital investments curbs the threat of new players,”<br />

the author of the study states.<br />

The opportunity in the global actuators <strong>and</strong> valves market stood at US$74.37 bn in 2015 <strong>and</strong> is anticipated<br />

to be worth US$124.30 bn by <strong>2024</strong>. If these values hold true, the market is projected to exp<strong>and</strong> at a 6.0%<br />

CAGR during the forecast period.<br />

Obtain Report Details @<br />

http://www.transparencymarketresearch.com/actuators-valves-market.html<br />

<strong>Valves</strong> Emerge as Clear Leader in <strong>Actuators</strong> <strong>and</strong> <strong>Valves</strong> <strong>Market</strong> by Type<br />

By type, the actuators <strong>and</strong> valves market is led by valves <strong>and</strong> the segment accounted for a massive share<br />

of just under 75% in <strong>2016</strong>. On the other h<strong>and</strong>, the actuators segment is expected to contribute the leading<br />

CAGR of 5.89% during the forecast period. While ball valves dominate the overall valves segment, pneumatic<br />

actuators hold the leading share in the actuators segment. Based on end-use industry, water <strong>and</strong><br />

wastewater treatment held the dominant share in <strong>2016</strong>.<br />

On the basis of geography, Asia Pacific held the leading share of just under 40% in <strong>2016</strong>, followed by<br />

North America. The APAC market for actuators <strong>and</strong> valves is projected to register a 6.9% CAGR during<br />

the forecast period, emerging as one of the most attractive regional segments by <strong>2024</strong>.


This 208-page report gives readers a comprehensive overview of the <strong>Actuators</strong> <strong>and</strong> <strong>Valves</strong> <strong>Market</strong>.<br />

Browse to unlock the hidden opportunities in this market@<br />

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14402<br />

Shortcomings of <strong>Actuators</strong> Act as Deterrents to <strong>Global</strong> <strong>Growth</strong><br />

Rapid urbanization in the emerging markets of Asia Pacific, Latin America, <strong>and</strong> the Middle East <strong>and</strong> Africa,<br />

<strong>and</strong> the rise in urban areas in the developed economies of North America <strong>and</strong> Europe are the most prominent<br />

factors driving the dem<strong>and</strong> for actuators <strong>and</strong> valves globally.<br />

“The rise in urbanization has created the dem<strong>and</strong> for the development of private <strong>and</strong> public sector infrastructure,”<br />

states the lead analyst. “The setting up of water supply facilities, power stations, water treatment<br />

plants, <strong>and</strong> electricity grids, therefore requires a steady supply of actuators <strong>and</strong> valves <strong>and</strong> this has driven<br />

the global market.”<br />

In addition to this, the growing investment in the oil <strong>and</strong> gas sector <strong>and</strong> the increased dem<strong>and</strong> for technologically<br />

advanced valves continue to support the growth of the actuators <strong>and</strong> valves market worldwide.<br />

On the other h<strong>and</strong>, the high cost <strong>and</strong> complexity of electric actuators <strong>and</strong> the low-energy efficiency of<br />

pneumatic actuators hold the global market back.


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