Europe Valve Actuator Market Forecast to 2031
Europe 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)
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Description
Development of Advanced Valve Actuators Drivers Europe Valve Actuator Market
Recent developments in material science have produced strong, lightweight materials, enabling the creation of resilient, light, and mechanically strong actuators. Current developments in biotechnology, nanotechnology, and information technology will force the creation of new, smaller gadgets and machines that demand the use of strong forces. In addition, the rise of smart and data-driven urban environments demands technologies that go hand in hand with constantly changing environments. Therefore, many market players are engaged in innovating valve actuator technology to support the need for technologically advanced environments in various industries, such as food and beverages, oil & gas, power generation, automotive, and aerospace & defense.
• In December 2023, Flowserve Corporation—a provider of flow control products and services for the global infrastructure markets—announced the release of the new Limitorque QX Series B (QXb) quarter-turn smart electric actuator. This next-generation device builds on the proven state-of-the-art Limitorque MX actuator platform to provide all the user-preferred features in a quarter-turn, smart actuator package, and connectivity with the Flowserve Flowsync App. This product development can be used in the oil & gas and wastewater industries to control the flow of oil and water.
• In July 2023, KSB SE & Co. KGaA launched a new generation of pneumatic 90° (quarter-turn) actuators. These double-acting and single-acting pneumatic actuators of the ACTAIR EVO and DYNACTAIR EVO type series can actuate all types of part-turn valves, including butterfly valves, ball valves, and plug valves.
• In January 2024, Emerson introduced the Fisher Easy-Drive 200R electric actuator for Fisher butterfly and ball valves. When paired with these valves, the new 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.
Such innovative product developments support the need for valve actuators from various end-use industries, propelling the market growth.
Europe Valve Actuator Market Overview
The Europe valve actuator market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The wastewater treatment plant and processing industries are prime contributors to the growth of the valve actuator market in Europe. According to the European Economic Area (EEA), wastewater collection and treatment infrastructure is improving across the region. Nearly 90% of urban wastewater generated in the European Union (EU) is collected and treated in accordance with the EU Wastewater Treatment Directive. Austria, Luxembourg, Germany, and the Netherlands are among the countries that treat 100% of their urban wastewater in adherence with the requirements specified under this Directive, whereas 10 additional countries have reached more than 90% compliance rate. Thus, the growing focus on wastewater treatment and the rising number of wastewater treatment plants create a significant demand for valves and valve actuators in Europe.
The Europe valve actuator market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. According to the Water Information System for Europe (WISE), households and certain enterprises in 3,913 metropolitan areas in Germany produce 111.3 million potential equivalents (p.e.) of wastewater every day, which is equivalent to ~223 million bathtubs or 22.25 million m3 wastewater. Urban wastewater must be treated before release to prevent damage to ecosystems. In Germany, municipal wastewater is processed in 3,796 plants before being discharged. Valve actuators are used in wastewater treatment plants to control the flow of wastewater.
As LNG is perceived as a greener alternative to coal and oil, LNG production is growing across Europe. According to the RIA state news agency, Russia reported a year-on-year increase of 41% in the supply of liquefied natural gas (LNG) to France in the first nine months of 2023. Various LNG terminals have been established in the region. As per the Italian government, the newly created floating LNG terminal in the Tuscan port of Piombino began commercial operations by the end of May 2023. Venier also stated that the terminal had plans of supplying ~2 billion cubic meters of gas in 2023 and nearly 5 bcm the following year. Thus, the expanding LNG terminals in the region are likely to create demand for valve actuators as these actuators are used to control the flow and pressure of LNG.
Europe Valve Actuator Market Revenue and Forecast to 2031 (US$ Million)
Europe Valve Actuator Market Segmentation
The Europe valve actuator market is categorized into end user, product type, and country.
Based on end user, the Europe 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 Europe valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held the largest market share in 2023.
By country, the Europe valve actuator market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe 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 Europe valve actuator market.
Summary Info
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According to Business Market Insights’ research, the Europe valve actuator market was valued at US$ 3,241.74 million in 2023 and is expected to reach US$ 4,775.06 million by 2031, registering a CAGR of 5.0% from 2023 to 2031. Increasing focus on renewable energy sector and advent of industry 4.0 are among the critical factors attributed to drive the Europe valve actuator market growth.
There is a rise in the shift from fossil fuels to renewable energy to lower emission levels and address the climate crisis. In addition, the adoption of renewable energy results in the reduction of the overall cost needed for power generation. Government spending plays a pivotal role in the rapid progression of clean energy investment and the expansion of clean technology supply chains. According to the latest update of the International Energy Agency’s (IEA’s) Government Energy Spending Tracker, the amount of money allocated by governments to support investments in clean energy since 2020 has increased to US$ 1.34 trillion. Direct incentives for manufacturers aimed at bolstering domestic manufacturing of clean energy technologies total ~US$ 90 billion. Such a rise in investment results in the launch of new renewable energy projects that demand valve actuators for an efficient working environment. Many market players providing solutions for renewable energy will cater to the needs of the growing renewable energy sector in the coming years. For example, companies such as Valmet and MecVel Srl provide a range of actuators that can benefit the renewable energy sector. For example, MecVel’s actuators may be used in the hydroelectric field to automate the opening/closing of bulkheads for water flow regulation. Also, Valmet’s Neles double-acting and spring return quarter-turn actuators are designed for use in modulating control and on-off service. These actuators offer an extremely long cycle life. They are well-suited for almost any type of rotary valve. Thus, government spending on renewable energy fuels the actuator market growth in the forecast period.
On the contrary, economic slowdown hampers the growth of Europe valve actuator market.
Based on end user, the Europe valve actuator market is segmented into mining, LNG, chemical, oil & gas, water & wastewater, and others. The oil & gas segment held 27.7% market share in 2023, amassing US$ 897.38 million. It is projected to garner US$ 1,478.48 million by 2031 to register 6.4% CAGR during 2023-2031.
In terms of product type, the Europe valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held 51.2% share of Europe valve actuator market in 2023, amassing US$ 1,658.85 million. It is anticipated to garner US$ 2,476.17 million by 2031 to expand at 5.1% CAGR during 2023-2031.
Based on country, the Europe valve actuator market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.3% share of Europe valve actuator market in 2023. It was assessed at US$ 981.76 million in 2023 and is likely to hit US$ 1,597.39 million by 2031, registering a CAGR of 6.3% during 2023-2031.
Key players operating in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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. Europe 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. Europe 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 – Europe Analysis
6.1 Europe Valve Actuator Market Overview
6.2 Valve Actuator Market Revenue (US$ million), 2021-2031
6.3 Valve Actuator Market Forecast Analysis
7. Europe 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. Europe 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. Europe Valve Actuator Market – Country Analysis
9.1 Europe
9.1.1 Europe: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Europe: Valve Actuator Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Germany: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.2.1 Germany: Valve Actuator Market Breakdown, by End User
9.1.1.2.2 Germany: Valve Actuator Market Breakdown, by Product Type
9.1.1.3 United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.3.1 United Kingdom: Valve Actuator Market Breakdown, by End User
9.1.1.3.2 United Kingdom: Valve Actuator Market Breakdown, by Product Type
9.1.1.4 France: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.4.1 France: Valve Actuator Market Breakdown, by End User
9.1.1.4.2 France: Valve Actuator Market Breakdown, by Product Type
9.1.1.5 Italy: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.5.1 Italy: Valve Actuator Market Breakdown, by End User
9.1.1.5.2 Italy: Valve Actuator Market Breakdown, by Product Type
9.1.1.6 Russia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.6.1 Russia: Valve Actuator Market Breakdown, by End User
9.1.1.6.2 Russia: Valve Actuator Market Breakdown, by Product Type
9.1.1.7 Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
9.1.1.7.1 Rest of Europe: Valve Actuator Market Breakdown, by End User
9.1.1.7.2 Rest of Europe: 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. Europe 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. Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 7. Germany: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 8. Germany: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 9. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 10. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 11. France: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 12. France: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 13. Italy: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 14. Italy: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 15. Russia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 16. Russia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 17. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by End User
Table 18. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million) – by Product Type
Table 19. Heat Map Analysis by Key Players
Figure 1. Europe 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. Europe Valve Actuator Market, by Key Countries – Revenue (2023) (US$ Million)
Figure 19. Europe: Valve Actuator Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 20. Germany: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 21. United Kingdom: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 22. France: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 23. Italy: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 24. Russia: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 25. Rest of Europe: Valve Actuator Market – Revenue and Forecast to 2031 (US$ million)
Figure 26. Company Positioning & Concentration
The List of Companies – Europe 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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