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Middle East & Africa Valve Actuator Market Forecast to 2031
Middle East & Africa Valve Actuator Market Forecast to 2031 – Regional Analysis – by End User (Mining, LNG, Chemical, Oil & Gas, Water & Wastewater, and Others) and Product Type (Electrical, Manual, Hydraulic, and Pneumatic)
$2,485 – $3,885
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Description
Miniature Actuators Bolster Middle East & Africa Valve Actuator Market
The miniaturization of electronic components and systems plays an important role in the electronics industry. It helps reduce the size of the electronic components used in several applications, such as consumer electronics, healthcare, and automotive. In addition, it helps save space for the incorporation of more technologies or reduce the overall size of the electronic device. For example, the reduced size of batteries helps in powering computer miniaturizations. Moreover, miniaturization helps save the cost of the overall material used in the products or components, which can reduce the overall cost of components and devices. Thus, the miniaturization of the actuators will play a crucial role in integration with the miniatured electronic systems. Market players are engaged in innovating valve actuators. For example, in February 2021, Siemens announced its latest range of actuators for valves, which provide low-noise operation for automation use. The SSA range of actuators by Siemens was designed for small valve systems (such as central heating controls and water flow). The actuators include IP54 protection for more flexible installation. The actuators have an integrated LED display for status indication, and they utilize feedback signals to the controlling device to create a closed-loop design.
According to Bennett University’s blog in May 2022, micro-electromechanical systems (MEMS) will use actuators to combine mechanical and electrical components in micrometer or millimeter-sized integrated devices or systems. These devices or systems can sense physical stimulus, control a process or system and actuate or drive micro or mega-scale devices. In addition, with the integration of IoT, many sensors and actuators are required for constant monitoring of these devices. Hence, there will be a large requirement for small, low-powered, wireless sensors and smart actuators in the upcoming years, which will drive the valve actuator market during the forecast period.
Middle East & Africa Valve Actuator Market Overview
The Middle East & Africa valve actuator market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Countries in this region invested heavily in the mobilization of their water resources to address severe water scarcity issues. Many water treatment plants are operational in Cape Town, Morocco, and Egypt, among others. Various players are providing valve actuators for water treatment plants in this region. The UAE is one of the world’s leading oil-producing countries, and the oil & gas industry plays a pivotal role in shaping its economic status. The UAE possesses substantial oil reserves, primarily located in the Emirate of Abu Dhabi. The country has consistently been one of the largest oil producers in the world. The UAE has a proven oil reserve capacity of approximately 97.8 billion barrels and an oil production capacity of ~3.5 million barrels per day. The elevating oil production levels in the region, thus, creates the need for valves and valve actuators in oil & gas infrastructure.
The Middle East & Africa actuator market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Middle East & Africa countries are among the most water-scarce countries in the world. Consequently, these countries invest heavily in the mobilization of their water resources. The region also has various water treatment plants in Cape Town, Morocco, Egypt, etc. Various players are providing actuators for water treatment plants. As announced by AUMA in October 2022, its new PROFOX actuators have been in operation at the Zandvliet wastewater treatment plant in Cape Town, South Africa, for more than a year. These valve actuators are used to enable the automated delivery of flocculents to aid the removal of fine solids in new settlement basins. Their control parameters such as operating time and motor speed can be easily adjusted using a smartphone or laptop.
The Middle East & Africa is an oil-rich region as several countries have large reserves of oil and natural gas. A few of the largest oil-producing countries in the region are Saudi Arabia, Iraq, Iran, Kuwait, and the UAE. According to the General Authority for Statistics, natural gas reserves increased by 0.91% in 2021 compared to 2020 in Saudi Arabia, reaching 8,293 million tons of oil equivalent (TOE), i.e., 329,081 billion cubic feet. Natural gas production amounted to 126 million TOE in 2021, equivalent to 4,928 billion cubic feet, recording a surge by 2.94% compared to 2020. Crude oil reserves increased by 0.04% in 2021 compared to 2020, reaching 37,065 million TOE, i.e., 267,192 million barrels. Thus, the growing oil & gas production in the Middle East & Africa generates the need for valve actuators.
Middle East & Africa Valve Actuator Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Valve Actuator Market Segmentation
The Middle East & Africa valve actuator market is categorized into end user, product type, and country.
Based on end user, the Middle East & Africa valve actuator market is segmented into mining, LNG, chemical, oil & gas, water & wastewater, and others. The oil & gas segment held the largest market share in 2023.
In terms of product type, the Middle East & Africa valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held the largest market share in 2023.
By country, the Middle East & Africa valve actuator market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa valve actuator market share in 2023.
Emerson Electric Co; Schlumberger NV; Alfa Laval AB; Flowserve Corp; Crane Company; Rotork Plc; Valmet Oyj; KITZ Corp; IMI Plc; and Tolomatic, Inc. are some of the leading companies operating in the Middle East & Africa valve actuator market.
Summary Info
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According to Business Market Insights’ research, the Middle East & Africa valve actuator market was valued at US$ 796.91 million in 2023 and is expected to reach US$ 1,046.75 million by 2031, registering a CAGR of 3.5% from 2023 to 2031. Growth of oil & gas industry and rising development of water & wastewater treatment plants are among the critical factors attributed to drive the Middle East & Africa valve actuator market growth.
The oil & gas industry has played a significant role in this industrial revolution and the economic transformation of the world. The major factor driving the evolution of this industry is the growing demand for heat, mobility, and light worldwide, owing to the rapidly growing population. The oil & gas industry accounted for the largest share of global consumption of energy resources. Natural gas is estimated to be the fastest-growing fossil fuel used in the coming years. Globally, the new oil supplies are expected to add continually to cater to the increase in energy demand. Per the International Energy Agency (IEA), the worldwide oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day, with a significant requirement from the petrochemical and aviation divisions. Precision control of the product flow through system valves is essential in the oil, gas, and petrochemical industries, and valve actuators modulate that flow. Under the most extreme circumstances-such as extreme highs and lows, drought or heavy precipitation, isolated locations in deserts or the Arctic, and the corrosive effects of chemicals, high humidity, or salinity for prolonged periods-these vital pieces of equipment must function dependably and safely. Explosion protection is necessary in potentially explosive environments, and fireproof operation is essential in some applications. Thus, the need for valve actuators to perform the core function of opening and closing valves in the growing oil & gas industry fosters the valve actuator market growth.
On the contrary, economic slowdown hampers the growth of Middle East & Africa valve actuator market.
Based on end user, the Middle East & Africa valve actuator market is segmented into mining, LNG, chemical, oil & gas, water & wastewater, and others. The oil & gas segment held 25.1% market share in 2023, amassing US$ 200.10 million. It is projected to garner US$ 300.10 million by 2031 to register 5.2% CAGR during 2023-2031.
In terms of product type, the Middle East & Africa valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held 60.5% share of Middle East & Africa valve actuator market in 2023, amassing US$ 482.09 million. It is anticipated to garner US$ 645.67 million by 2031 to expand at 3.7% CAGR during 2023-2031.
Based on country, the Middle East & Africa valve actuator market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 39.1% share of Middle East & Africa valve actuator market in 2023. It was assessed at US$ 311.62 million in 2023 and is likely to hit US$ 447.56 million by 2031, registering a CAGR of 4.6% during 2023-2031.
Key players operating in the Middle East & Africa valve actuator market are Emerson Electric Co; Schlumberger NV; Alfa Laval AB; Flowserve Corp; Crane Company; Rotork Plc; Valmet Oyj; KITZ Corp; IMI Plc; and Tolomatic, Inc. among others.
In January 2024, Emerson Electric Co launched a new eco-friendly electric valve actuator used for ensuring accurate process control in adverse conditions. This eco-friendly electric valve actuator performs accurately and reliably under the extreme conditions found in many heavy industries, particularly oil & gas installations in cold remote locations. These actuator/valve assemblies increase uptime, improve performance, and reduce the risk of emissions posed by gas-operated systems locations.
In March 2023, Flowserve Corp launched FlowSync Bluetooth Actuator App deployed with Limitorque electric actuators for delivering reliable valve control in a variety of applications. The cross-platform mobile application provides plant operators with a smarter way to commission, monitor, control, and update actuators safely and conveniently.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa valve actuator market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa valve actuator market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Valve Actuator Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Middle East & Africa Valve Actuator Market – Key Market Dynamics
5.1 Drivers
5.1.1 Growth of Oil & Gas Industry
5.1.2 Development of Advanced Valve Actuators
5.1.3 Advent of Industry 4.0
5.2 Restraints
5.2.1 Economic Slowdown
5.3 Opportunities
5.3.1 Increasing Focus on Renewable Energy Sector
5.3.2 Rising Development of Water & Wastewater Treatment Plants
5.4 Future Trends:
5.4.1 Miniature Actuators
5.5 Impact of Drivers and Restraints:
6. Valve Actuator Market – Middle East & Africa Analysis
6.1 Middle East & Africa Valve Actuator Market Overview
6.2 Valve Actuator Market Revenue (US$ million), 2021-2031
6.3 Valve Actuator Market Forecast Analysis
7. Middle East & Africa Valve Actuator Market Analysis – by End User
7.1 Mining
7.1.1 Overview
7.1.2 Mining: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.2 LNG
7.2.1 Overview
7.2.2 LNG: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.3 Chemical
7.3.1 Overview
7.3.2 Chemical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.4 Oil & Gas
7.4.1 Overview
7.4.2 Oil & Gas: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.5 Water & Wastewater
7.5.1 Overview
7.5.2 Water & Wastewater: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8. Middle East & Africa Valve Actuator Market Analysis – by Product Type
8.1 Electrical
8.1.1 Overview
8.1.2 Electrical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.2 Manual
8.2.1 Overview
8.2.2 Manual: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.3 Hydraulic
8.3.1 Overview
8.3.2 Hydraulic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
8.4 Pneumatic
8.4.1 Overview
8.4.2 Pneumatic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9. Middle East & Africa Valve Actuator Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Middle East & Africa: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.1.1.2 South Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.2.1 South Africa: Valve Actuator Market Breakdown, by End User
9.1.1.2.2 South Africa: Valve Actuator Market Breakdown, by Product Type
9.1.1.3 Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.3.1 Saudi Arabia: Valve Actuator Market Breakdown, by End User
9.1.1.3.2 Saudi Arabia: Valve Actuator Market Breakdown, by Product Type
9.1.1.4 United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.4.1 United Arab Emirates: Valve Actuator Market Breakdown, by End User
9.1.1.4.2 United Arab Emirates: Valve Actuator Market Breakdown, by Product Type
9.1.1.5 Rest of Middle East & Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.5.1 Rest of Middle East & Africa: Valve Actuator Market Breakdown, by End User
9.1.1.5.2 Rest of Middle East & Africa: Valve Actuator Market Breakdown, by Product Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 Emerson Electric Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Schlumberger NV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alfa Laval AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Flowserve Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Crane Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rotork Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Valmet Oyj
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KITZ Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IMI Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tolomatic, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Glossary
13.2 About The Research Team
Table 1. Middle East & Africa Valve Actuator Market Segmentation
Table 2. List of Vendors
Table 3. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Table 4. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 5. Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 6. Middle East & Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Country
Table 7. South Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 8. South Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 9. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 10. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 11. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 12. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 13. Rest of Middle East & Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 14. Rest of Middle East & Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 15. Heat Map Analysis by Key Players
Figure 1. Middle East & Africa Valve Actuator Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Valve Actuator Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Valve Actuator Market Revenue (US$ million), 2021-2031
Figure 6. Valve Actuator Market Share (%) – by End User (2023 and 2031)
Figure 7. Mining: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 8. LNG: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 9. Chemical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 10. Oil & Gas: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 11. Water & Wastewater: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 12. Others: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 13. Valve Actuator Market Share (%) – by Product Type (2023 and 2031)
Figure 14. Electrical: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 15. Manual: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 16. Hydraulic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 17. Pneumatic: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 18. Middle East & Africa Valve Actuator Market, by Key Countries – Revenue (2023) (US$ Million)
Figure 19. Middle East & Africa: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 20. South Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 21. Saudi Arabia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 22. United Arab Emirates: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 23. Rest of Middle East & Africa: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 24. Company Positioning & Concentration
The List of Companies – Middle East & Africa Valve Actuator Market
o Emerson Electric Co
o Schlumberger NV
o Alfa Laval AB
o Flowserve Corp
o Crane Company
o Rotork Plc
o Valmet Oyj
o KITZ Corp
o IMI Plc
o Tolomatic, Inc
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