Electric Valve Actuators Market Growth, Business Overview, Forecast 2023 to 2030 |  Rotork, Auma, Emerson

PRESS RELEASE
Published October 17, 2023

The electric valve actuators market is a pivotal segment within the industrial automation sector, driven by the need for precise and efficient control of valves in various applications. Key keywords associated with this market include automation, control systems, electric actuation, modulating actuators, and smart actuators. These electric actuators are essential components in industries like oil and gas, water and wastewater management, power generation, and manufacturing, where they enable the remote and automated operation of valves for fluid control, safety, and efficiency enhancement.

The Global Electric Valve Actuators Market is expected to grow at a CAGR of 6.7% during the forecast period, 2023-2030.

Recent developments in the electric valve actuators market reflect a rapidly advancing industry. Smart actuators equipped with IoT capabilities are gaining traction, offering remote monitoring and predictive maintenance. Advancements in materials and design have led to more compact, energy-efficient, and robust actuators. Integration with Industry 4.0 technologies, such as cloud-based control systems and data analytics, is enhancing the precision and efficiency of valve control in diverse industrial processes.

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Leading players of Electric Valve Actuators Market are:- Rotork, Auma, Emerson, Flowserve, ABB, BERNARD, Chuanyi Automation, CDF, Schiebel, SAIC, Nihon Koso, Raga, Soupaishi Automation Technology, Koei Industry, Tomoe, Hengchun, PS Automation, Tefulong, Aotuo Ke

Total Market by Segment:

Market split by Type, can be divided into:

Linear Electric Actuator

Multi-turn Electric Actuator

Quarter-turn Electric Actuator

Market split by Application, can be divided into:

Oil and Gas

General Industries

Power

Water

Other

Electric Valve Actuators Market Regional Analysis:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

South America (Brazil, Argentina and Colombia etc.)

Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

The electric valve actuators market exhibits diverse regional trends shaped by industry demands. North America, with its mature industrial landscape, places a strong emphasis on automation, with significant demand in sectors like oil and gas and power generation. Europe follows suit, particularly in the chemical and water treatment industries. Asia-Pacific, driven by rapid industrialization and urbanization, is experiencing a surge in demand for electric actuators in infrastructure development and manufacturing. Emerging markets in Latin America and Africa are also witnessing growth, particularly in the mining and construction sectors.

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Electric Valve Actuators Market Opportunities:-

Opportunities in the electric valve actuators market are substantial, particularly as industries increasingly adopt automation and smart technologies. The demand for efficient and precise fluid control is rising across various sectors, offering growth prospects for electric actuator manufacturers. Upgrading existing manual valve systems to electric actuators for better control and safety is an opportunity. The integration of actuators with IoT and predictive maintenance solutions aligns with the industry’s push for efficiency and cost reduction.

Electric Valve Actuators Market Research Methodology:-

Research on the electric valve actuators market involves a combination of primary and secondary data collection methods. Primary research includes interviews with industry experts, manufacturers, and end-users to gather insights into market trends and specific requirements. Secondary research comprises the analysis of reports, market studies, and data from reputable sources. Both qualitative and quantitative research techniques are employed to provide a comprehensive understanding of market trends, forecasts, and competitive landscapes.

5 Key Points for a Smart Purchase Decision

  1. Application Fit: Ensure that the electric valve actuator is suitable for your specific application, considering factors like valve type, size, and control requirements.
  2. Automation Compatibility: Verify that the actuator can be integrated with your existing control and automation systems, ensuring seamless operation.
  3. Smart Features: Explore actuators with IoT capabilities for remote monitoring and predictive maintenance, which can enhance operational efficiency.
  4. Reliability and Durability: Prioritize actuators made from robust materials and designs to ensure long-lasting, reliable performance in demanding industrial environments.
  5. Support and Service: Assess the availability of technical support, spare parts, and after-sales services from the manufacturer to guarantee continued performance and maintenance support.

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Strategic Points Covered in Table of Content of Global Electric Valve Actuators Market:              

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Electric Valve Actuators Market.

Chapter 2: Exclusive Summary – the basic information of the Electric Valve Actuators Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Valve Actuators

Chapter 4: Presenting the Electric Valve Actuators Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country

Chapter 6: Evaluating the leading manufacturers of the Electric Valve Actuators Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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