Industrial Automation Magazine India

Valve actuator market size worth USD 98.35 Bn in 2028

Published on : Thursday 10-08-2023

The design and functionality of valve actuators are always improving, which helps the industry expand.

August 2023 – According to Adroit Market Research, the market for Valve Actuator is anticipated to grow to USD 98.35 Billion by 2028, with a CAGR of 11.94%

In a variety of industrial applications, a valve actuator is a mechanical or electrical device that regulates the opening and shutting of valves. It is intended to automate the valve operation, do away with the necessity for human control, and provide accurate fluid flow control and regulation. In sectors including oil and gas, power production, water and wastewater treatment, chemical processing, and HVAC (heating, ventilation, and air conditioning) systems, valve actuators are often utilised. To supply the necessary force or torque for valve operation, they are frequently coupled to various types of valves, including globe valves, gate valves, ball valves, and butterfly valves.

The design and functionality of valve actuators are always improving, which helps the industry expand. Advanced actuators are now being offered by manufacturers with functions including wireless communication, smart placement, remote monitoring, and improved diagnostics. These developments enhance the functionality, dependability, and simplicity of valve actuators, luring consumers to upgrade their current systems. Emerging economies like those in Southeast Asia, China, and India are seeing fast infrastructural growth and industrialisation. As a result, the market for valve actuators is expanding in a number of sectors, such as water and wastewater treatment, oil and gas, and power generation.

Expanding industries including those in the chemical, oil and gas, water and wastewater treatment, and power-producing sectors are whats driving the need for valve actuators. The need for precise and dependable fluid flow management in these sectors has expanded the usage of valve actuators in automated processes. Industries are putting an increasing amount of focus on improving process efficiency, reducing energy usage, and raising production efficiency. As they provide precise control over valve operations, valve actuators are essential to attaining these objectives. Actuators make it possible to position and modulate valves precisely, guaranteeing effective fluid flow management and reducing energy waste.