밸브 액추에이터/포지셔너 시장 : 예측(2024-2029년)

The valves actuator and positioners market is estimated to reach US$3.992 billion in 2029, with a CAGR of 5.48%, from US$3.057 billion in 2024.

The growing demand for valve automation solutions to facilitate the seamless management of process industries is one of the prime factors contributing to the valve actuator and positioner market's growth during the forecast period.

Additionally, it is important to note that due to the recent uptick in adopting automated solutions across various sectors, digital valve positioners are in great demand due to their functionalities. These include diagnostics and predictive maintenance capabilities, even though they were introduced to the market a few years ago.

Valves Actuators and Positioners Market Drivers:

• Favorable industrial investments will further aid market expansion

Valve actuators and positions constitute one of the major components used in modern machines that require high force and fast response time. Owing to their high-performance benefits, such devices are employed in oil & gas exploration, manufacturing, wastewater treatment, and other industrial operations.

Favorable investments in oil & gas exploration projects and booming technological automation are expected to drive the demand for valve actuators and positioners. For instance, in September 2023, TotalEnergies announced an oil project of 200,000 barrels/per day in Block 58, offshore Suriname. The investment for the project stood at US$9 billion, with the first production starting in 2028.

Likewise, various manufacturing companies are investing in new plant establishments which has further led to an upward market trajectory. For instance, in December 2023, Emerson Electric Saudi AMANA for developing a manufacturing facility at King Salman's Energy Park, Saudi Arabia. The facility will produce a wide range of automation products, including valves and control safety systems.

• Product innovation and development in the market in terms of will aid market growth

In the view of panoptic developments that translate to an increasing cognizance of the inseparable roles of actuators, positioners, and valves, have resulted in various developments by the players in the valves actuator and positioners market. For example, CIRCOR International, Inc.'s "RTK(R) REact EQ-L electric intelligent linear actuator" is reportedly suitable for processes that require the supporting operations to be continuously operational, like those of chemical, industrial, and power applications. The actuator is specifically developed for offshore operations and applications with opening/closing forces ranging from 15/3380 pound-force (lbf) to 30-kilo Newtons/6750 lbf.

Likewise, Rotor's digital smart positioners, YT-3700 and YT-3750, are intended for control and on/off valve applications where diagnostics are needed. These two products' salient features include monitoring and graphic display of internal circuit board temperature over time, set point target over time, and valve position.

• Bolstering growth in major end-users has propelled the overall market expansion.

Pneumatic actuators and positioners, owing to their tendency to convert energy into mechanical motion, hold high industrial applicability, especially in automotive, where they are used in piston & ignition chambers. The booming demand for new vehicles has stimulated global production and sales volume, positively impacting the demand for pneumatic actuators & positioners and accelerating the overall market growth. According to the European Automobile Manufacturers Association, in 2023, global automotive production reached nearly 76 million, which signified a 10.2% increase over 2022. Moreover, global vehicle sales also surpassed 72 million units, showing 10% growth in the same year.

Likewise, in aerospace, they are applied for controlling rudders, opening flaps, and activating landing gear. The booming air passenger traffic and ongoing commercial & military aircraft agreements have propelled aircraft production. Hence, major manufacturers, namely Airbus and Boeing, are experiencing positive revenue growth. For instance, according to the "Airbus 2023 annual report," the company delivered 735 commercial aircraft, representing 11% growth over 2022's deliveries of 661 units.

Valves Actuators and Positioners Market Geographical Outlook

• Asia Pacific will account for a considerable share during the forecast period.

The Asia Pacific region is anticipated to account for a considerable market share, which is attributable to the booming industrial productivity. Major regional economies, namely China, India, South Korea, and Japan, are witnessing significant growth in their manufacturing output, especially in major sectors such as automotive. According to the European Automobile Manufacturers Association, in 2023, China's automotive production experienced 9.1% growth, India witnessed a 6.8% increase, and South Korea grew by 13.6%.

Moreover, besides industrial production, investment in energy and power generation and wastewater treatment plants are also happening across Asia, with China being at the forefront of such project implementation. For instance, in September 2023, SUEZ Group signed two new contracts for water & wastewater treatment projects in Chongqing, with an initial investment of RMB 1.25 billion. The plants are scheduled to be completed by 2025, increasing Chongqing's water supply capacity to 1.68 million m3/day.

Valves Actuators and Positioners Market Key Developments

• December 2023: The KOSO Group acquired Italy-based Paladon System S.r.l, which specializes in providing valve actuator & control systems. The acquisition would further strengthen KOSO group valves & actuator product offerings, meeting customer's varied requirements.
• November 2023: Flowserve Corporation launched the "Limitorque QX Series B (QXb)" quarter-turn, non-intrusive actuator. It features double-sealed IP68 enclosures with separate terminal compartments and is ideal for power, oil and gas, chemical, water treatment, and general industries such as mining.
• August 2023: Rotork announced the acquisition of Montreal-based Hanbay Inc., which specializes in developing miniature electric actuators for hazardous and non-hazardous applications. The acquisition expanded the company's compact & miniature electric actuators portfolio and improved its presence in the Canadian market.
• July 2023: KSB Limited launched the pneumatic 90° quarter-turn actuators series "ACTAIR EVO" and "DYNACTAIR EVO", which are specifically designed for actuating all types of part-turn valves inclusive of ball, butterfly, and plug valves. The pneumatic actuators are used in wastewater treatment, power generation, refinery engineering, shipbuilding, and general industry.
• April 2022: Emerson Electric Co. launched the "TopWorxTM PD Series Smart Valve Positioner" which expanded the company's TopWorx sensing and control product portfolio. The new addition provides 100% control over valve position and integrates communication through a 4-20 mA loop signal. Its compact weight and design make it ideal for oil & gas, chemical, on-site utilities, and power generation sectors.

The Valves Actuators and Positioners market is segmented and analyzed as:

By Valve Type

• Control
• Isolation

By Actuator Type

• Pneumatic
• Hydraulic
• Electric
• Others

By Positioner Type

• Pneumatic
• Electro-Pneumatic

By End-User

• Aerospace and Defense
• Automobiles
• Oil and Gas
• Mining
• Water and Wastewater
• Chemical
• Energy and Power
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Thailand
• Taiwan
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. VALVES ACTUATORS AND POSITIONERS MARKET BY VALVE TYPE

• 5.1. Introduction
• 5.2. Control
• 5.3. Isolation

6. VALVES ACTUATORS AND POSITIONERS MARKET BY ACTUATOR TYPE

• 6.1. Introduction
• 6.2. Pneumatic
• 6.3. Hydraulic
• 6.4. Electric
• 6.5. Others

7. VALVES ACTUATORS AND POSITIONERS MARKET BY POSITIONERS TYPE

• 7.1. Introduction
• 7.2. Pneumatic
• 7.3. Electro-Pneumatic

8. VALVES ACTUATORS AND POSITIONERS MARKET BY END-USER

• 8.1. Introduction
• 8.2. Aerospace and Defense
• 8.3. Automobiles
• 8.4. Oil and Gas
• 8.5. Mining
• 8.6. Water and Wastewater
• 8.7. Chemical
• 8.8. Energy and Power
• 8.9. Others

9. VALVES ACTUATORS AND POSITIONERS MARKET BY GEOGRAPHY

• 9.1. Introduction
• 9.2. North America
  • 9.2.1. United States
  • 9.2.2. Canada
  • 9.2.3. Mexico
• 9.3. South America
  • 9.3.1. Brazil
  • 9.3.2. Argentina
  • 9.3.3. Others
• 9.4. Europe
  • 9.4.1. United Kingdom
  • 9.4.2. Germany
  • 9.4.3. France
  • 9.4.4. Italy
  • 9.4.5. Others
• 9.5. Middle East and Africa
  • 9.5.1. Saudi Arabia
  • 9.5.2. UAE
  • 9.5.3. Others
• 9.6. Asia Pacific
  • 9.6.1. China
  • 9.6.2. Japan
  • 9.6.3. South Korea
  • 9.6.4. India
  • 9.6.5. Indonesia
  • 9.6.6. Thailand
  • 9.6.7. Taiwan
  • 9.6.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 10.1. Major Players and Strategy Analysis
• 10.2. Market Share Analysis
• 10.3. Mergers, Acquisitions, Agreements, and Collaborations
• 10.4. Competitive Dashboard

11. COMPANY PROFILES

• 11.1. ABB
• 11.2. AUMA Riester GmbH & Co. KG
• 11.3. Azbil Corporation
• 11.4. Cameron (Schlumberger Limited.)
• 11.5. Christian Burkert GmbH & Co. KG.
• 11.6. Curtiss-Wright Corporation
• 11.7. Emerson Electric Co.
• 11.8. HONEYWELL INTERNATIONAL INC.
• 11.9. Moog Inc.
• 11.10. Pentair plc.
• 11.11. Rotork