Valves is a control units when electrically energy is passed the valves either shut off or it allows the fluid flow. The actuator takes the form of an electromagnet. When energized, a magnetic field builds up which pulls a plunger or pivoted armature against the action of a spring. When de-energized, the plunger or pivoted armature is returned to its original position by the spring action.
Actuators and positioners are segmented based on the type in which there are two way valves, three way valves. Two way valves are shut-off valves with one inlet port and one outlet port whereas the three way valves are provided with a three port connections and two valve seats one valve seal always remains open and the other closed in the de-energized mode.
Latest 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, 2018-2025. The report further reveals that by the end of 2025.
Industrial valves and actuators are used to direct and control the flow of fluids through pipelines in power plants, refineries, and water and wastewater treatment plants, among others. The market is expected to grow in line with rising demand from various end-use industries, such as oil and gas, water and wastewater treatment, and energy and power.
Asia-Pacific region dominated the global market share in 2017. With growing oil and gas industrial activities and the increasing need for water treatment in countries such as China, India, and Japan, the usage of industrial valves is increasing in the region. The consumption of industrial valves is high in oil and gas, and the downstream production has increased in the country, further increasing the production capacities of petrochemicals, thus augmenting the consumption of industrial valves in the country. The chemical plants is another prominent end-user industry in China.
Stringent regulations laid by regulatory bodies in Europe, North America, and Asia Pacific are playing an important role in the development of the market, as environmental legislation is prompting incumbents of end-use industries to adopt smart valves and actuators. The oil and gas industry has to particularly abide by strict regulations aimed at reducing air pollution by curbing emissions of toxic gases.
Honeywell International Inc., AVK Holdings A/S., Flowserve Corporations, Schlumberger Limited, Emerson Electric Co., Tyco International Ltd., KITZ Corporation, Burkert Fluid Control Systems, Watts Water Technologies, Inc, and Rotork Plc. Are the top players in actuators and valve market.