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Global Industrial Valve Actuators Market to Reach $81.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Industrial Valve Actuators estimated at US$61 Billion in the year 2020, is projected to reach a revised size of US$81.4 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027. Industrial Quarter-Turn Valves, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$32.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Multi-Turn Valves segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.5 Billion, While China is Forecast to Grow at 6.7% CAGR
The Industrial Valve Actuators market in the U.S. is estimated at US$16.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.8 Billion by the year 2027.

Industrial Control Valves Segment to Record 4.5% CAGR
In the global Industrial Control Valves segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.7 Billion in the year 2020 will reach a projected size of US$11.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.9% CAGR through the analysis period.