Technavio has been monitoring the industrial valves and actuators market and it is poised to grow by USD 22.35 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200820005123/en/
Technavio has announced its latest market research report titled Global Industrial Valves and Actuators Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The quarter-turn valves are expected to be the leading segment in the global market during the forecast period.
What are the major trends in the market?
Increasing investments in modernizing industrial facilities is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 22.35 billion.
Who are the top players in the market?
ABB Ltd., Danfoss AS, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer Ltd., Honeywell International Inc., Rotork Plc, Schlumberger Ltd., and The Weir Group Plc. are some of the major market participants.
What are the key market drivers and challenges?
Growth in water and wastewater treatment industry is one of the major factors driving the market. However, the competitive pricing strategy of low-cost Asian manufacturers restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Danfoss AS, Emerson Electric Co., Flowserve Corp., General Electric Co., Georg Fischer Ltd., Honeywell International Inc., Rotork Plc, Schlumberger Ltd., and The Weir Group Plc are some of the major market participants. The growth in water and wastewater treatment industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Industrial Valves and Actuators Market 2020-2024: Segmentation
Industrial Valves and Actuators Market is segmented as below:
Industrial Quarter-turn Valves
Industrial Control Valves
Chemicals and Oil & Gas Industry
Water and Wastewater Industry
Mining and Minerals Industry
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41632
Industrial Valves and Actuators Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial valves and actuators market report covers the following areas:
Industrial Valves and Actuators Market Size
Industrial Valves and Actuators Market Trends
Industrial Valves and Actuators Market Analysis
This study identifies increasing investments in modernizing industrial facilities as one of the prime reasons driving the industrial valves and actuators market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Industrial Valves and Actuators Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist industrial valves and actuators market growth during the next five years
Estimation of the industrial valves and actuators market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the industrial valves and actuators market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of industrial valves and actuators market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Industrial quarter-turn valves - Market size and forecast 2019-2024
Multi-turn valves - Market size and forecast 2019-2024
Industrial control valves - Market size and forecast 2019-2024
Industrial actuators - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End user
C and OG - Market size and forecast 2019-2024
W and W - Market size and forecast 2019-2024
Power - Market size and forecast 2019-2024
M and M - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End user
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market positioning of vendors
Emerson Electric Co.
General Electric Co.
Georg Fischer Ltd.
Honeywell International Inc.
The Weir Group Plc
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200820005123/en/