According to a recent study by TechNavio, a technology research and advisory company with global coverage, the global hydraulic valve actuators market is expected to grow at a compound annual rate (CAGR) of 4.82% over the period 2015-2019.
Hydraulic valve actuators are used in flow control application, for the actuation of valves using hydraulic fluid power. Based on the movement of the valve arm, the hydraulic valve actuators can be classified in to rotary or linear actuating valves. Rotary valve actuators consist of quarter turn and multi-turn actuators used in the actuation of ball valves, butterfly valves, globe valves etc. Whereas the linear hydraulic actuators are applied in functioning of gate valves. Hydraulic valve actuators finds its application majorly in high pressure application such as Oil and Gas extraction and production (Conventional and Unconventional Process), coal fired power generation and mining process.
The TechNavio report was prepared based on in-depth market analysis with contributions from industry experts. The report covers the Americas; Europe, the Middle East and Africa (EMEA); and Asia and Pacific (APAC) regions. It also covers the Global Hydraulic Valve Actuators market landscape and its growth prospects in the coming years.