The global actuators and valves market is likely to witness a CAGR of over 5% during the assessment period 2017-2026
Albany, NY -- (SBWIRE) -- 05/09/2018 -- A new research study titled, "Actuators and Valves Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026" has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global actuators and valves market is likely to witness a CAGR of over 5% during the assessment period 2017-2026. The report highlights the key factors that are likely to influence the growth of the market during the assessment period.
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The research study is a holistic source of analysis and insights that offers in-depth information on the key factors fuelling the growth of the actuators and valves market. A comprehensive and unbiased analysis on the drivers, restraints, opportunities, and trends impacting the global market have been analyzed in the report in detail. In addition to these factors, the research study also offers insights on the key companies operating in this landscape. The business and product strategies of the key players in the report have been discussed in detail in the research study.
According to the report, the demand for actuators and valves will continue to be influenced by the broader macroeconomic trends, including growth in the industrial sector, and rising spate of automation. Actuators and valves are crucial components that help in maintaining operational efficiency and boosting the overall productivity of a factory or manufacturing unit. As awareness on the benefits of actuators and valves witnesses an increase, the global market is poised to grow at a steady pace during the assessment period.
The report offers segment-wise analysis and insights on the global actuators and valves market. By product type, the report projects pneumatic actuators to gain market share during the assessment period. The waning demand for hydraulic actuators on account of increasing penetration of industrial automation is likely to provide an impetus to the demand for pneumatic actuators during the assessment period. In addition to pneumatic actuators, demand for quarter turn valves is also expected to remain high during the assessment period. This is on account of the bi-directional operation flexibility of quarter turn valves.
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The study also offers a detailed analysis on the key end-use industries that are fuelling the demand for actuators and valves. According to the study, demand for actuators and valves is likely to remain significant in the oil and gas industry. In addition to oil and gas, water and wastewater applications are also likely to provide an impetus to the growth of the market.
The business intelligence study also offers in-depth analysis and forecast on the basis of region. According to the report, Asia Pacific will continue to be one of the leading markets for actuators and valves during the assessment period. China and India are among the key countries where demand for actuators and valves is likely to witness a surge during the assessment period.
In addition to the above-mentioned information, the business intelligence study also offers information on the key companies operating in this landscape. Some of the key companies profiled in the research study include Honeywell International Inc., AVK Holdings A/S., Tyco International Ltd., Flowserve Corporations, Emerson Electric Co., Schlumberger Limited, Rotork Plc., KITZ Corporation, Burkert Fluid Control Systems, and Watts Water Technologies, Inc.
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