Transparency Market Research’s latest forecast study on the global actuators and valves market projects that the demand for actuators and valves will witness steady traction in the years to come. According to the report, the global actuators and valves market will expand at an estimated 5.3% CAGR in terms of value during the forecast period, 2017-2026. The report further reveals that by the end of 2026, the global actuators and valves market will surpass a valuation of US$ 511 Bn.
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A product-based analysis of the global actuators and valves market has been developed in the report, findings from which forecast a soaring demand for quarter turn valves and pneumatic actuators. In the near future, hydraulic actuators are expected to lose traction over pneumatic actuators as the latter’s efficiency in fluid power applications is recognized as a key advantage. In addition, the effective role of pneumatic actuators in sustaining overload pressure conditions will further propel their sales in the global actuators and valves market.
Likewise, the competitive advantage of quarter turn valves in offering bi-directional operability is extending their application scope. The adoption of quarter turn valves is expected to gain traction in the years to come. The report estimates that by the end of 2026, over US$ 78 Bn worth of pneumatic actuators will be sold across the globe. By the end of the forecast period, the global sales of quarter turn valves is estimated to translated into US$ 85 Bn in terms of revenues.
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High presence of crude oil producers, with China dubbed as the region’s largest oil producer, coupled with robust growth in automotive and pharmaceuticals industries, is expected to drive the growth of the APEJ actuators and valves market through 2026. By the end of the forecast period, the APEJ actuators and valves market is estimated to touch US$ 215 Bn valuation, reflecting the highest volume CAGR of 5.9% over the forecast period.