Industrial Valve Actuators Market Depth Analysis, Growth Strategies & Comprehensive Forecast till 2028

Growing demand in the industrial sector, technological developments that are promoting the use of smart valves and actuators, and strict governmental regulations have all supported market growth, according to a study done by FMI. Due to the advantages they provide in controlling temperature and pressure throughout downstream, midstream, and upstream activities, the use of industrial valves actuators market and steadily increased. Thus, the demand for industrial valves and actuators has been sparked by expanding oil and gas exploration activities.

Additionally, it is anticipated that increased investments in refineries and pipelines in the Middle East & Africa, Asia Pacific, and Americas region as well as rising production and exploration of new oil & gas fields will significantly contribute to the growth of the global industrial valve actuators market.

Though the demand for energy is expected to stay high in the long term, the demand will be quite unstable in the short term. The oil and gas industry is facing various challenges in the overall value chain, i.e. from production to logistics and distribution. In the recent past, there has been a significant drop in oil barrel prices, manufacturers in the industry need optimization and improvement of processes to increase efficiency while adhering to the strict safety standards attached to the danger of the products handled. Small and smart technological improvements and working methods will lead to good results.

Request a PDF Brochure Copy of Report @
https://www.futuremarketinsights.com/reports/brochure/rep-gb-6538

The emergence of technological advancements has enabled the development of industrial valve actuators with remote control features. There has been continuous rise in the adoption of industrial valve actuators across various industries owing to the developments in communication systems, IIoT and sensors. Within an oil & gas industry, valve actuators with remote controlling operations are mostly utilized for deep-well and subsea applications. Further, cost of ownership in end-use industries can be reduced with the help of actuators that are available with in-built sensors.

Key Developments:

• In March 2018, IMI Precision Engineering announced that the company will showcase their latest range of IMI Norgen electric actuators
• In June 2015, Rotork launched the 3rd generation IQT intelligent part-turn electric valve actuators
• In May 2015, Rotork launched a new range of compact hydraulic and pneumatic valve actuators, primarily designed to perform in constrained space applications

Market Participants:

Production of shale gas in the United States will continue to expand in near future, which, in turn, will lead to increased demand for industrial valve actuators. The aforementioned reasons are anticipated to provide growth opportunities for the manufacturers in near future.

Some of the key players identified across the value chain of the global Industrial Valve Actuators market include General Electric, Schlumberger Limited, Emerson Electric Co., Assured Automation, Honeywell International Inc., Rotork, Flowserve Corporation, Johnson Controls International plc, Schneider Electric, The Danfoss Group, Curtiss-Wright and others.

The global industrial valve actuators market is found to be one of the most fragmented markets as a large number of global as well as regional players are involved in the manufacturing of actuators.

Before Buying, Visit for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-6538 

Significant Investments in the Oil & Gas Projects, Assisting the Demand for Valve Actuators

Growing investments across the value chain of the oil & gas industry is one of the prominent factors likely to support the demand for valve actuators over the near future. For instance, in March 2017, Exxon Mobil Corporation announced that it will invest around US$ 20.0 Bn through 2022 to expand its oil refining plants on the U.S. Gulf Coast.

Moreover, rising production and exploration of new oil & gas fields and augmented investments in refineries and pipelines in the Middle East & Africa and Asia Pacific and Americas region is anticipated to contribute significantly towards the growth of global industrial valve actuators market.

Key Data Points Covered in the Report:

Some of the key data points covered in our report include:

• An overview of the market, including background and evolution
• Macroeconomic factors affecting the market and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the market
• Cost structure of the products and segments covered in the market
• In-depth pricing analysis, by key product segments, regions and by market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global market
• Analysis of the global market structure, including a tier-wise categorization of key market participants
• Competitive landscape of the market, including detailed profiles of top players in the market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional outlook:

The global Industrial Valve Actuators market is segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. Middle East and Africa dominates the market and is expected to follow the same trend in near future owing to surging demand from end-use industries, such as oil and gas. MEA, followed by China, is anticipated to grow at a significant rate in the market in near future. North America and Europe together are expected to account for a small share in the market over the next decade. Japan in the global industrial valve market is anticipated to grow at a comparatively slow rate.

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Ask Us Your Questions About This Report @
https://www.futuremarketinsights.com/ask-question/rep-gb-6538

By Segmentation: