Retrofit Electric Valve Actuators Market
The market for Retrofit Electric Valve Actuators was estimated at $1.0 billion in 2024; it is anticipated to increase to $1.5 billion by 2030, with projections indicating growth to around $2.1 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Retrofit Electric Valve Actuators Market Outlook
Revenue, 2024
$1.0B
Forecast, 2034
$2.0B
CAGR, 2025 - 2034
7.0%
The Retrofit Electric Valve Actuators industry revenue is expected to be around $1.1 billion in 2025 and expected to showcase growth with 7.0% CAGR between 2025 and 2034. The growing market for Retrofit Electric Valve Actuators exists because of multiple essential factors. The main driving force behind the adoption of these advanced devices stems from the rising industrial requirement for energy efficiency. The ongoing relevance of Retrofit Electric Valve Actuators is further underscored by the escalating demand for automation and control in industrial processes. The devices ability to integrate with existing manual or hydraulic systems through minimal modifications makes them an economical choice which drives their increasing adoption.
The Retrofit Electric Valve Actuators function as devices which enable the control of valves across multiple industrial applications. These devices transform electrical power into mechanical torque which allows users to precisely position valves. The main sectors that use these actuators include oil and gas operations together with power generation facilities and water treatment facilities and chemical processing plants. The market demand grows because of three main trends which include IoT technology integration for remote monitoring and control and smart actuator adoption for predictive maintenance and Industry 4.0 implementation.
Market Key Insights
- The Retrofit Electric Valve Actuators market is projected to grow from $1.0 billion in 2024 to $2.0 billion in 2034. This represents a CAGR of 7%, reflecting rising demand across Oil & Gas Industry, Water & Wastewater Treatment and Power Generation.
- Emerson Electric Co., Rotork Plc, AUMA Riester GmbH & Co. KG are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Retrofit Electric Valve Actuators market and are expected to observe the growth CAGR of 4.5% to 6.7% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.0% to 9.7%.
- Transition like Digitalization has greater influence in U.S. and Germany market's value chain; and is expected to add $53 million of additional value to Retrofit Electric Valve Actuators industry revenue by 2030.
- The Retrofit Electric Valve Actuators market is set to add $1.0 billion between 2024 and 2034, with manufacturer targeting Water & Wastewater & Power Generation End-Users projected to gain a larger market share.
- With Rising demand in energy sector, and Technological advancements, Retrofit Electric Valve Actuators market to expand 97% between 2024 and 2034.
Opportunities in the Retrofit Electric Valve Actuators
The industrial sector experiences fast-paced automation adoption which drives substantial market demand for retrofit electric valve actuators. The devices function as essential components to manage liquid and gas flow in automated industrial operations. The adoption of automation by industries will also drive increasing demand for retrofit electric valve actuators because of its efficiency and error reduction capabilities.
Growth Opportunities in North America and Asia-Pacific
The Retrofit Electric Valve Actuators market in North America continues to grow rapidly because of the powerful industrial sector throughout the region. The United States drives this growth because it maintains its position as the largest economy in the region. The main industries that drive Retrofit Electric Valve Actuators demand in this region include oil and gas production as well as power generation and water and wastewater treatment facilities. The regions focus on energy efficiency together with its strict industrial process regulations serve as essential market drivers. Multiple leading companies operate in this competitive market to provide state-of-the-art solutions. The increasing need for smart automated industrial processes creates multiple opportunities for market growth.
The Asia-Pacific region shows fast growth in Retrofit Electric Valve Actuators market because China and India lead the market expansion. The Asia-Pacific region experiences market growth because industrial development and automation technology adoption rates continue to rise across different sectors. The manufacturing sector expansion together with rising energy-efficient solution requirements drives up the demand for Retrofit Electric Valve Actuators. The market in this region is characterized by intense competition, with both global and local players vying for market share. The industrial transformation and rising focus on sustainable industrial practices create substantial market growth opportunities.
Market Dynamics and Supply Chain
01
Driver: Rising Demand in Energy Sector, and Regulatory Compliance
The energy sector has also experienced rising demand for Retrofit Electric Valve Actuators because they improve operational efficiency and decrease energy usage. The actuators find widespread application in power plants and oil and gas industries together with other energy-related applications. The energy efficiency movement along with sustainable practices will also increase the demand for Retrofit Electric Valve Actuators in the energy sector. Regulatory bodies worldwide are also implementing stricter regulations related to energy efficiency and emission control. Retrofit Electric Valve Actuators play a crucial role in helping industries comply with these regulations, as they can also significantly reduce energy consumption and emissions. As such, the need for regulatory compliance is also a major for the growth of the Retrofit Electric Valve Actuators market.
The field of Retrofit Electric Valve Actuators has also experienced technological progress which resulted in creating more efficient and reliable products. Smart actuators and integrated control systems have also made these devices more attractive to industries such as water treatment, manufacturing, and chemical processing. The market demand for Retrofit Electric Valve Actuators will also continue to increase because of ongoing technological advancements.
02
Restraint: High Initial Investment
The high initial cost of Retrofit Electric Valve Actuators can be a significant deterrent for many potential customers, particularly small and medium enterprises. The need for specialized installation and maintenance services further adds to the overall expense, making it a considerable investment. This factor can restrict the market demand, as some businesses may opt for cheaper, less efficient alternatives, impacting the overall market dynamics.
03
Opportunity: Evolving Consumer Needs in the Energy Sector and Strategic Collaborations and Partnerships
The energy sector is undergoing significant transformations, with a growing focus on renewable energy sources and energy efficiency. Retrofit electric valve actuators can play a pivotal role in these transformations, as they can help optimize energy use in various processes. As the energy sector continues to evolve, the demand for retrofit electric valve actuators is expected to grow, presenting a significant market .
The retrofit electric valve actuators market can benefit from strategic collaborations and partnerships. Manufacturers can work with technology providers to add advanced features to their products which will improve their functionality and market appeal. Such collaborations can also help manufacturers to enter new markets and customer segments, which will drive growth for retrofit electric valve actuators.
04
Challenge: Technological Complexity
Retrofit Electric Valve Actuators are complex pieces of machinery that require technical expertise for installation, operation, and maintenance. The lack of skilled personnel and the need for continuous training can pose a challenge to the market growth. Furthermore, the complexity of integrating these actuators into existing systems can be daunting for some businesses, potentially leading to reluctance in adopting this technology.
Supply Chain Landscape
1
Raw Material Suppliers
ArcelorMittalNucor Corporation
2
Component Manufacturers
Emerson Electric Co.Rotork Plc
3
Assembly & Testing
ABB Ltd.Honeywell International Inc
4
End Users
Oil & GasPower GenerationWater & Wastewater
1
Raw Material Suppliers
ArcelorMittalNucor Corporation
2
Component Manufacturers
Emerson Electric Co.Rotork Plc
3
Assembly & Testing
ABB Ltd.Honeywell International Inc
4
End Users
Oil & GasPower GenerationWater & Wastewater
Use Cases of Retrofit Electric Valve Actuators in Oil & Gas Industry & Water & Wastewater Treatment
Oil & Gas Industry : Retrofit Electric Valve Actuators are widely used in the oil and gas industry for controlling the flow of liquids and gases. These actuators are particularly beneficial in this industry due to their precision, reliability, and ability to operate under extreme conditions. Top players in this application include Emerson Electric Co. and Rotork Plc, known for their robust and efficient actuators that provide excellent performance and durability.
Water & Wastewater Treatment : In the water and wastewater treatment sector, Retrofit Electric Valve Actuators play a crucial role in regulating the flow and pressure of water in treatment processes. They are typically used in conjunction with butterfly valves or ball valves. Companies like AUMA Riester GmbH & Co. KG and Flowserve Corporation are leading the market in this application with their high-quality, energy-efficient actuators.
Power Generation : Retrofit Electric Valve Actuators, often enhanced with AI Retrofit technology, are integral to the power generation industry, especially in nuclear and thermal power plants. They control the flow of steam and other fluids, contributing to the efficient operation of power plants. Siemens AG and Honeywell International Inc. are prominent players in this application, offering actuators known for their precision, reliability, and long service life.
Recent Developments
The global market for Retrofit Electric Valve Actuators has seen significant growth recently, driven by advancements in technology and increasing demand across various industries. This trend is expected to continue, with the market projected to expand at a steady pace over the next few years. One of the key developments in this sector is the integration of smart technology into valve actuators. This has resulted in the creation of intelligent Retrofit Electric Valve Actuators, which offer enhanced operational efficiency and improved predictive maintenance capabilities.
December 2024 : Emerson Electric Co. launched a new line of Retrofit Electric Valve Actuators, enhancing energy efficiency and operational reliability
October 2024 : Honeywell International Inc. announced a strategic partnership with a leading power plant to retrofit their existing valve actuators, marking a significant shift towards sustainable practices
August 2024 : Rotork Plc introduced a novel retrofitting service for electric valve actuators, aiming to reduce maintenance costs and improve system longevity.
Impact of Industry Transitions on the Retrofit Electric Valve Actuators Market
As a core segment of the Pumps, Motors & Valves industry,
the Retrofit Electric Valve Actuators market develops in line with broader industry shifts.
Over recent years, transitions such as Digitalization and Green Energy Transition have redefined priorities
across the Pumps, Motors & Valves sector,
influencing how the Retrofit Electric Valve Actuators market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Digitalization
Digitalization has brought substantial changes to the Retrofit Electric Valve Actuators industry. Digital technology integration has improved both the functionality and efficiency and reliability of these actuators which has led to rising adoption across different industries. Digital valve actuators in the oil and gas industry enhance both process control and safety protocols. Digitalization enables remote monitoring and control and predictive maintenance and data analytics which optimize operational efficiency and minimize downtime.
02
Green Energy Transition
The global shift towards green energy has necessitated the development of energy-efficient Retrofit Electric Valve Actuators. These actuators play a pivotal role in renewable energy systems, such as wind turbines and solar panels, to control and regulate the flow of energy. The transition to green energy has led to the emergence of innovative designs and technologies in the actuator industry, aimed at reducing energy consumption and carbon emissions. This has also spurred the growth of the market, with increased demand from the renewable energy sector.