Portable Valve Actuator Market Size

  • Report ID: 5274
  • Published Date: Sep 28, 2023
  • Report Format: PDF, PPT

Portable Valve Actuator Market Size

Portable Valve Actuator Market size is expected to cross USD 241 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of portable valve actuators was over USD 100 Billion. The market is expecting a shift towards energy-efficient solutions. Manufacturers are developing energy-efficient valve actuators in an effort to lower the plant's overall energy usage. In the upcoming years, there will likely be a rise in demand for portable valve actuators that are energy-efficient because of the increased attention being paid to sustainability and environmental preservation.

Additionally, the employment of wireless technology enhances the precision and effectiveness of valve management, resulting in improved performance and less downtime. Around 740 million mobile subscriptions were available globally in the year 2000. This number is predicted to reach 8.65 billion subscriptions by the end of 2021. Therefore, a significant market development is the incorporation of wireless communication technology in portable valve actuators.

Portable Valve Actuator Market
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Author Credits:  Richa Gupta

  • Report ID: 5274
  • Published Date: Sep 28, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growth in renewable energy sector, growing trend for industrial IoT, and incorporation of artificial intelligence.

The market size of portable valve actuator is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Camozzi Automation, Cowan Dynamics, Box Rexroth AG, Seimens, Justech Linear Actuator Motor, SMC Corporation, NSK Ltd., Yoshitake Inc, NIPPON GEAR CO., LTD., CKD Corporation and others.

The pneumatic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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