The Global Valve and Actuator Market Outlook
In partnership with the British Valve and Actuator Association this latest edition of our annual Global Valve and Actuator Market Outlook highlights that across most markets, fundamental demand conditions for valve and actuator consumption weakened considerably.
Global nominal growth in demand for valves is set to slow to 3.4% next year, following an expected spike of 16.3% in 2022. This year’s forecast is exaggerated by the spike in prices thanks to record-high inflation, so it is more significant that 2023’s growth is set to underperform last year’s outturn of 4.3%. A similar downbeat picture can be seen for actuators where a forecast of 3.8% growth in 2023 underperforms this year’s 15.7% rise and only marginally outperforms 2021 growth of 3.3%.
The full report contains forecasts for consumption of valves and actuators (also often referred to as the market size) across 85 countries at a granular level (valve types include pressure reducing, check, safety/relief, other) out to 2026. Alongside a detailed report which outlines the findings of our analyses by key end-use sector (e.g., oil & gas and chemicals) and country, we also deliver an online Power BI data tool that permits easy visualisation of the data and charts as well as the ability to export them to other applications.
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About the team
Our Industry Team analyses and forecasts industries’ performance. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were:
