The global valves and actuators market in water and wastewater industry to grow at a CAGR of 8.06% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global valves and actuators market in water and wastewater industry for 2018-2022. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is 3D printing for valve manufacturing. 3D printing has the capability of modifying the way manufacturers design the products.
According to the report, one driver in the market is rising automation in the water and wastewater industry. The increasing automation in the water and wastewater industry is expected to act as a driver for the growth of the market for control valves and actuators in the industry. The need for increasing efficiency of various processes and enhancing the productivity has led to automation in every industry, and the same statement is true for the water and wastewater industry.
Further, the report states that one challenge in the market is growing adoption of maintenance-free actuators. With the emergence of smart devices and sensors, the option of cutting down on maintenance services has become a possibility for end-users. For instance, the emergence of maintenance free actuators. The maintenance-free actuators have the built-in capability of preventive maintenance, which reduces the need for corrective maintenance services.