MRRSE has added a new research report on the "Actuators and Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its collection.

1. Actuators and Valves Industry 2016, Global Market Size,
Technology Review, Cost Analysis and Demand Overview
Actuators and Valves Market: Snapshot
The growth in urbanization is creating a significant demand
for public and private sector infrastructure development such
as power stations, water supply, electricity grids, and water

2. treatment plants, which is driving the global actuators and
valves market.
Rapid urbanization in emerging markets and an increase in
urban areas in developed economies is the biggest factor
driving the actuators and valves market worldwide. The use
of simulation software is also expected to augment the
market in the near future. With the rising need for
customized, non-standard products across multiple industries,
valve manufacturers are anticipated to save both development
time and fabrication costs by leveraging simulation software.
This will ensure adequate supply in the market.

3. The global actuators and valves market stood at US$74.37 bn
in 2015 and is expected to reach US$124.30 bn by 2024,
expanding at a CAGR of 6.0% therein.
Demand for Actuators and Valves Soars in Water and
Wastewater Treatment Industry
Actuators and valves find application in several end-use
industries such as water and wastewater treatment, food and
beverage, oil and gas, refining, paper and pulp, mining,
chemical, healthcare, marine, energy, and construction. The
water and wastewater treatment industry held the dominant
share in the global actuator and valves market at the start of
the forecast period and the segment is likely to retain its

4. lead through 2024. Rapid urbanization and the continuous
growth in the global population are the key factors driving
the demand for potable water, thereby fueling the need for
actuators and valves in the water and wastewater treatment
sector. The treatment of wastewater requires valves and
actuators to control the flow of water. Actuators used in this
industry need to be changed regularly owing to the impact of
humidity and the dirt in water.
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The construction industry, which includes commercial as well
as residential construction, also accounted for a prominent

5. share in the actuators and valves market. Butterfly valves are
commonly used in this sector as they are more reliable for
temperature control applications and for heating, ventilation,
and cooling (HVAC).
Increasing Demand for Advanced Technology Valves in
APAC
Asia Pacific accounted for the leading share in the global
actuators and valves market in 2015. The water and
wastewater treatment industry is anticipated to offer
substantial growth potential for manufacturers of valves and
actuators in the region. The growth of the nuclear industry
in China is also spurring the development of advanced

6. technology valves in APAC. The Indian economy is
undergoing rapid transformation by setting up large power
and petrochemical units, which is anticipated to benefit the
actuators and valves market.
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North America also accounted for a significant share in the
global actuators and valves market in 2015. The demand for
valves and actuators is rather high in the U.S. and Canada
and is fueled by the growth of the oil and gas sector in the
countries. The expansion of this sector has catalyzed the
growth of various energy-dependent industries such as power

7. generation and chemicals, which has led to an increased
demand for flow control equipment.
The Middle East and Africa is expected to observe high
growth in the actuators and valves market during the course
of the forecast period. Rapid urbanization and increasing
population have resulted in the acute shortage of safe
drinking water in several countries and the need to provide
potable water has led to the establishment of desalination
plants. This, in turn, is supporting the use of valves and
actuators in the MEA region.
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