Industrial Valve Actuators Market Industry Analysis 2019-2023
Posted by sarahbennu on November 8th, 2019
The global industrial valve actuators market since 2016, and the market is poised to grow by USD 2.05 billion during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The market is driven by the advances in valve actuator controls. In addition, the expansion of oil terminals is anticipated to further boost the growth of the industrial valve actuators market.
Market players are focusing on simplifying the complex valve control tasks and improving the performance of valve actuators by using digital positioners. These digital positioners in electric actuators are mounted with feedback systems. Vendors are also developing new electronic position transmitters to simplify end position adjustments for actuators. These advances also support the latest automation technology developments including asset management. Thus, such benefits of using advanced industrial valve actuators are expected to drive market growth during the forecast period.
Major Five Industrial Valve Actuators Market Companies:
ABB Ltd. is headquartered in Switzerland and owns and operates businesses under various segments such as electrification products, industrial automation, and robotics and motion. The company offers RHD1250 / RHD2500, which is an electrical actuator with rotary movement and a rated torque of 1000/1900 lbf-ft.
Danfoss AS is headquartered in Denmark and manufactures and offers products through global business units: Danfoss power solutions, Danfoss cooling, Danfoss drives, and Danfoss heating. The company offers actuators for globe valves. The company's electrical actuators, in combination with control valves, ensure stable and accurate control of water.
Emerson Electric Co.
Emerson Electric Co. is headquartered in the US and has business operations under various segments, namely automation solutions, climate technologies, and tools & home products. The company offers Bettis BHH-Series. It is a hydraulic helical valve actuator series that can be operated in the most severe conditions while providing compact valve automation solutions.
Flowserve Corp. is headquartered in the US and has business operations under various segments, namely engineered product division, industrial product division, and flow control division. The company offers non-intrusive quarter-turn actuators-QX. It is designed for a wide range of environmental applications in power, oil and gas, and water industries.
General Electric Co.
General Electric Co. is headquartered in the US and offers products through business units such as power, renewable energy, aviation, oil & gas, healthcare, transportation, lighting, and capital. The company offers masoneilan pneumatic piston actuators. It meets the requirements that exceed the typical capabilities of pneumatic spring diaphragm actuators.
Industrial Valve Actuators Product Outlook (Revenue, USD Million, 2019 - 2023)
Industrial Valve Actuators Regional Outlook (Revenue, USD Million, 2019 - 2023)
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About the Authorsarahbennu
Joined: July 1st, 2019
Articles Posted: 259
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