The highest growth for [FURL=https://www.industryarc.com/PressRelease/1643/Valves-Actuators-and-Positioners-Market-Research.html]Valves, Actuators and Positioners Market[/FURL] 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 $20.67 billion. The overall Actuator market in 2017 generated a revenue of about $36.63 billion. The Automobile industry was one of the major contributors to the revenue generated. The APAC region held the highest market share in the overall market, generating a revenue of about $11.96 billion in 2017. Growing economy in the APAC region such as China, India, Taiwan and so on, is one of the major driving factors for this market. The revenue generated by global positioner market in 2017 is about $1.24 billion. APAC occupies the highest market share, contributing to about 33.38% of overall Positioner market share. 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%. The increase in disposable income and lifestyle of consumers will drive the need for new vehicles manufactured. Hence, demand for Valves, which are used in Control applications in automobiles, will increase. For the Industrial sector, Valves used in Power Plants is expected to reach $8.05 billion by 2024 growing at the rate of 5.29%. Solar PV power generation is one of the new industries and is in its growth stage.
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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.
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