Global Valves Market generated revenue of about $60.56 billion in 2017 growing with CAGR of 3.60% during the forecast period i.e. 2018-2023
APAC continues to lead the market share and growth during 2018-2024 The highest growth for Valves, Actuators and Positioners Market is forecast in the APAC region due to the projected demand in the manufacturing segment in this region. The total valve market revenue in 2017 was $60.56 billion, out of which the APAC contributed to almost 34% of the overall market share, generating a revenue of $20.67billion. The overall Actuator market in 2017 generated a revenue of about $36.63 billion. The APAC region held the highest market share in the overall market, generating a revenue of about $11.96 billion in 2017. The revenue generated by global positioner market in 2017 is about $1.24billion. APAC occupies the highest market share, contributing to about 33.38% of overall Positioner market share. Contact : [email protected]
Selected Industrial Vertical Analysis done in the full Report: The major applications of Valves are in Oil & Gas industry, Power Generation, Water & Waste Water Treatment, Chemicals, Automobile, Aerospace, Mining and Marine industries. The Industries where Valves are extensively used can be divided into two segments- Commercial Sector and Industrial Sector. In the commercial sector, Aerospace industry is one of the leading segment and is expected to reach $2.31 billion by 2024, growing at a CAGR of 1.28%. The Automobile industry is one of the largest consumers of Valves in the Commercial sector and is expected to reach $3.16 billion by 2024, growing at a CAGR of 7.38%. Contact : [email protected]
Excerpts Growth Factors Mentioned in the Full Report: Increasing R&D Developments in the Chemical industry and new
applications of synthetic products is driving the Actuators market. In the past few decades, the number of industries and players in each industry has increased substantially, demanding huge amount of power. Coping with the scarcity of power, the governments of various countries like the U.K, South Africa, Japan, America and others are taking initiatives to increase the capacity of existing power plants and have sanctioned projects to construct new power plants. As these power plants drive the use of valves and actuators, which in turn drive the VAP market growth. The increasing demand for valves, actuators and positioners in the chemical and nuclear power industry to monitor the leakage of harmful chemicals and radiative materials results in the rising demand and growth of the VAP Market. Contact : [email protected]
Key players of Valves, Actuators and Positioners Market: Pentair is the market leader in the Valves market and having about 9% of the overall share of the Valves market. Emerson is a prominent player in the control valves segment while Cameron manufactures Valves which mostly serve the Oil & Gas industry. Rotork Controls is the top player in the Actuator market contributing to almost 18.5% of the overall industrial sector market share. AUMA is specialized in the manufacture of electric actuators, whereas, Moog and Curtiss-Wright Corp. are the major actuator manufacturers for the aerospace industry. Download Sample Report Contact : [email protected]
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