The portable valve actuator market is expected to reach US$ 107 billion by the end of 2023. The global market for portable valve actuators is predicted to grow at a 6.5% CAGR to US$ 200 billion by 2033.
Increasing usage of machines and demand for high-quality products in various industries coupled with the installation of smart devices in the machinery are some of the factors propelling the growth of the Portable Valve Actuator market in the industrial automation industry. Industries are implementing automation to increase productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.
To receive detailed insights about the Portable Valve Actuator market, our experts rely on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.
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Understanding the Impact of Covid-19 on Industrial Automation Industry
The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.
Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Portable Valve Actuator market has picked up the pace.
The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Portable Valve Actuator market.
Key Questions Answered in the Report
- What are the key trends and challenges that will affect global Portable Valve Actuator market in upcoming years?
- What are the factors that will influence the Portable Valve Actuator market demand?
- Which region will be the most lucrative for the Portable Valve Actuator market throughout the forecast period?
- How will evolving regulatory policies impact market growth?
- What is the impact of Covid-19 on the Portable Valve Actuator market?
Who are the Key Manufacturers and Suppliers of Portable Valve Actuator?
- Sofis valve operation
- Gebuwin and MODEC SAS
- Mapptools Srl
- E.H. Wachs
- DEPRAG CZ a. s.
- Others.
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Key Segment
By Type:
- Electric
- Pneumatic
By Duty Type:
- Easy Duty
- Heavy Duty
- Standard Duty
By Length:
- >=500 mm
- 1000 mm
- <=1000mm
By Mounting Point:
- Direct
- Offset
By Region:
- North America
- USA
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Russia
- South Asia Pacific
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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