Recent Release | 07 Nov 2023

Global Valve and Actuator Market Outlook: Autumn 2023

Industry Consulting Team

Oxford Economics

The Global Valve and Actuator Market Outlook report produces market forecasts for over 80 countries, over 30 end-use sectors and 8 valve and actuator categories. The report is an invaluable source of market intelligence, helping to identify the largest markets, key growth markets, as well as potential laggards.

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 remain soft.

Global nominal growth in demand for valves is set to slow to 2.3% next year, after expanding by 2.8% in 2023. Tight monetary policy will continue to weigh on economic activity, limiting activity in valve end-use markets and investment spending more generally. A correction to producer prices has also meant some country forecasts, especially in Europe, are weaker in nominal terms than in real. A similar downbeat picture can be seen for actuators where world nominal demand is set to expand by 2.7% this year before slowing to growth of 2% in 2024.

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 2027. Alongside a detailed report which outlines the findings of our analyses by country and key end-use sector (e.g., oil & gas and chemicals), 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.

To download the report, please complete the form, someone will be in touch.

Kiran Ahmed

Lead Economist, Soft Commodities