At 2.8% CAGR, South & Central America Valve Actuator Market is Projected to be Worth US$ 858.73 Million by 2031, says Business Market Insight

According to Business Market Insights' research, the South & Central America valve actuator market was valued at US$ 687.99 million in 2023 and is expected to reach US$ 858.73 million by 2031, registering a CAGR of 2.8% from 2023 to 2031. Rising development of water & wastewater treatment plants and miniature actuators are among the critical factors attributed to drive the South & Central America valve actuator market growth.

With the population growth and rise in industrialization worldwide, there is a rise in the residential, commercial, and industrial sectors. A sizable volume of untreated wastewater from commercial, residential, and agricultural sources is dumped into rivers and other bodies of water. This unchecked discharge poses serious health risks, degrades soil, and pollutes water. According to Avantor, untreated wastewater poses significant health risks, accounting for 1.7 million deaths annually. Over 90 percent of those deaths are in developing nations. Thus, there is a growing focus on developing wastewater treatment facilities to safeguard people, as well as local ecosystems, from toxic elements detected in wastewater. In 2023, the Argentine Minister of Economy, the Minister of Public Works, the Minister of Infrastructure and Public Services, and the General Secretary of SGBATOS announced the expansion of the third module of the "North Treatment Plant," which will allow 300,000 additional residents to utilize the plant's sanitation services, as well as the "Energy Cogeneration" project, which will allow the establishment to contribute to a circular economy model. Investments and upcoming opportunities for the development of the water & wastewater sector foster the demand for infrastructure, machinery, and equipment required in the water & wastewater treatment plants. In sewage and water treatment facilities, valve actuators have several uses. Every day, they manage the flow of billions of gallons of water & wastewater, and they must endure exposure to harsh environments, high water pressures, and fast flow rates. Valve actuators must consistently operate with accuracy, precision, and control under these demanding conditions because even the smallest malfunction can have serious financial and safety repercussions. Thus, the rising development of water & wastewater treatment plants is expected to fuel the need for valve actuators in these facilities, creating growth opportunities for the market.

On the contrary, economic slowdown hampers the growth of South & Central America valve actuator market.

Based on end user, the South & Central America valve actuator market is segmented into mining, LNG, chemical, oil & gas, water & wastewater, and others. The oil & gas segment held 26.8% market share in 2023, amassing US$ 184.25 million. It is projected to garner US$ 252.11 million by 2031 to register 4.0% CAGR during 2023-2031.

In terms of product type, the South & Central America valve actuator market is categorized into electrical, manual, hydraulic, and pneumatic. The electrical segment held 66.9% share of South & Central America valve actuator market in 2023, amassing US$ 460.57 million. It is anticipated to garner US$ 583.59 million by 2031 to expand at 3.0% CAGR during 2023-2031.

Based on country, the South & Central America valve actuator market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 62.3% share of South & Central America valve actuator market in 2023. It was assessed at US$ 428.49 million in 2023 and is likely to hit US$ 549.01 million by 2031, registering a CAGR of 3.1% during 2023-2031.

Key players operating in the South & Central America valve actuator market are Emerson Electric Co; Schlumberger NV; Alfa Laval AB; Flowserve Corp; Crane Company; Rotork Plc; Valmet Oyj; KITZ Corp; IMI Plc; and Tolomatic, Inc., among others.

• In January 2024, Emerson Electric Co launched a new eco-friendly electric valve actuator used for ensuring accurate process control in adverse conditions. This eco-friendly electric valve actuator performs accurately and reliably under the extreme conditions found in many heavy industries, particularly oil & gas installations in cold remote locations. These actuator/valve assemblies increase uptime, improve performance, and reduce the risk of emissions posed by gas-operated systems locations.
• In March 2023, Flowserve Corp launched FlowSync Bluetooth Actuator App deployed with Limitorque electric actuators for delivering reliable valve control in a variety of applications. The cross-platform mobile application provides plant operators with a smarter way to commission, monitor, control, and update actuators safely and conveniently.

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