Valve actuator market to reach $24.62 billion by 2031 with expected growth

From GlobeNewswire: 2025-04-25 09:05:00

The Valve Actuator Market is experiencing significant growth due to advancements in valve actuators and expansion in the oil and gas industry. The market is expected to reach US$ 24.62 billion by 2031, with a CAGR of 5.3%. Recent developments in material science have led to the creation of stronger, lighter actuators, enhancing precision and reliability in operations.

Water and wastewater treatment plants are increasingly important with the growing population. Untreated wastewater poses health risks and environmental damage, prompting the development of treatment facilities. Valve actuators play a key role in managing water flow in these facilities, ensuring accuracy and control under harsh conditions.

Miniaturization of actuators is crucial for integration with electronic systems and the Internet of Things (IoT). The demand for small, low-powered sensors and smart actuators is expected to drive market growth in the coming years. Innovations in micro-electromechanical systems (MEMS) will further enhance the capabilities of actuators in various applications.

The Valve Actuator Market is segmented based on product type, torque, speed, and end-user industries. Electrical actuators dominated the market in 2024, while the 50 to 1000 Nm torque segment had the highest market share. Oil and gas industry applications led the end-user segment in 2024.

Key players in the Valve Actuator Market include AUMA Riester GmbH & Co. KG, Rotork Plc, Emerson Electric Co, and more. IMI, AUMA, and Emerson have introduced new products to meet market demand. The growth of the oil and gas industry is a significant driver of market expansion in regions like Asia Pacific.

The Insight Partners report provides valuable insights for stakeholders in the valve actuator market, offering guidance on navigating industry trends and unlocking new opportunities. For more details, visit https://www.theinsightpartners.com/sample/TIPRE00039105/.

For further information on the Valve Actuator Market and related reports, please visit https://www.theinsightpartners.com/reports/. Contact Ankit Mathur at [email protected] or +1-646-491-9876 for inquiries or press releases.



Read more at GlobeNewswire: Valve Actuator Market Size is Anticipated to Grow at a CAGR