Valves Actuators and Positioners market to reach $42.6 bn by 2020 | Page 14

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SAMPLE TABLE: GLOBAL VALVES, ACTUATORS & POSITIONERS MARKET
REVENUE, BY ACTUATOR PRODUCT TYPE, 2014-2020 ($M)
Product Type

2014

2015

2016

2017

2018

2019

2020

Hydraulic

xx

xx

xx

xx

xx

xx

xx

CAGR
(20152020)%
xx%

Pneumatic

xx

xx

xx

xx

xx

xx

xx

xx%

Electric

xx

xx

xx

xx

xx

xx

xx

xx%

Mechanical

xx

xx

xx

xx

xx

xx

xx

xx%

Others

xx

xx

xx

xx

xx

xx

xx

xx%

Source: IndustryARC Analysis, Expert Insights

Since the number of civil passengers are increasing, the civil aerospace market is forecast to grow
remarkably in the coming years and is expected to double between 2015- 2030. The driving force for
this growth is not only because of the need to replace the aging aircrafts with more efficient and
environmental friendly one’s, but also because there is global increase in the air traffic, which is
suspected to grow at the rate of 4.7% between 2015-2030. Thus, the increasing demand for new
aircrafts in civil aerospace market will remain a key driver for the actuators and positioners market in
the coming years.
When it comes to valve market, the major consumer for valve market is the Oil & Gas industry. The
sales in Middle east for valves is the highest as there are a number of Oil extracting industries where
in valve is an important component for Oil extraction. As countries like U.S. and Canada are
investing in Oil Shale and Tar Oil exploration, the demand for valve, which is the key driver for such
explorations, will increase substantially.