Oil and Gas Actuators Market Report, By Configuration (Linear Actuators, Rotary Actuators); Operation (Double Acting, Spring Return); By Type (Pneumatic Actuators, Electrical Actuators, Hydraulic Actuators); By Application (Onshore, Offshore, Subsea); By End Use (Upstream, Midstream, Downstream); and Regions 2024-2032

Market Overview:

"The oil and gas actuators market was valued at US$ 6.2 Billion in 2023, and is expected to register a CAGR of 5.4% over the forecast period and reach US$ 9.9 Bn in 2032."

Report Attributes	Details
Base Year	2023
Forecast Years	2024-2032
Historical Years	2021-2023
Market Growth Rate (2024-2032)	5.4%

Oil and gas actuators are critical components in the oil and gas industry, and are designed to control flow of fluids, oil, and natural gas through pipes, valves, and across mechanical systems. These components are mechanically operated and function on energy sources, typically electric, pneumatic, or hydraulic to generate motion in a valve. These components are designed to enable precise control over such fluids or gases, and enable safe and efficient operation of the overall system.

Oil and gas actuators are designed to maintain integrity of complex systems, optimize production processes, and prevent hazards or accidents. These also are crucial components in upstream, midstream, and downstream operations, including in drilling, refining, and transportation applications and operations. Actuators are also vital for wellhead control, choke management, and pipeline regulation, and enable automation of operations, and can be integrated with digital systems to allow for remote monitoring and control, thereby reducing need for manual intervention, enhancing safety and operational flexibility, and increasing overall efficiency.

Technological advancements in recent times has seen the emergence and adoption of smart actuators with Internet of Things (IoT) capabilities, and these allow for data collection and analysis in real time for predictive maintenance and improved performance. Also, development of new materials and manufacturing techniques for oil and gas actuators has been resulting in emergence of components that are more durable, reliable, and capable of withstanding harsh operating conditions and environments. In addition, innovation in this industry is being driven by need for high performance actuators, focus on improved safety, efficiency, and stringent need for environmental compliance.

Oil and Gas Actuators Market Trends and Drivers:

Extraction and processing of oil and gas has been getting more complex, and precise control of fluid flow is crucial and essential for efficient and safe operation on sites. Increasing focus on developing safer and efficient, as well as high-quality actuators is supporting growth of the market. As automation gains traction is majority of industries, the need for smart components, including smart actuators in the oil and gas industry, has been increasing, and this is also due to the fact that the benefits and advantages offered, such as remote monitoring and control and improved operational efficiency and safety, as well as reduced need for human interventional far outweigh the costs of these components and related infrastructure.

Also, demand for energy-efficient solutions has been rising and is leading to development of more advanced, innovative, energy efficient, and high-performance actuators. Focus on reducing carbon footprint and implementation of more stringent environmental regulations are also key factors having positive impact in market growth. Technology is also playing a major role in enhancing overall operational efficiency and performance at oil and gas facilities, with the integration of IoT and data analytics allowing for predictive maintenance and is also aiding companies to optimize schedules and reduce downtimes.

Moreover, demand for oil and gas actuators is expected to remain steady as offshore and deepwater oil exploration continues to expand globally. Other trends in the market include companies focusing on research and development to design and produce more reliable components using advanced materials to withstand the harsh marine environments. Furthermore, as extraction continues and more unconventional oil and gas reserves, such as shale gas and tight oil, are located and explored, the need for more advanced components and materials is expected to support further innovation in the industry. Manufacturers continue to explore actuators of newer designs and torque capabilities and with better corrosion resistance, and such trends are expected to continue over the forecast period.  

Oil and Gas Actuators Market Restraining Factors:

Market volatility is a major constraint to market revenue growth, and this situation has been further stimulated by conflicts in various countries and regions worldwide. Caution with regards to investing in new infrastructure or new projects is driven by volatility in oil and gas prices and this is causing a slowdown in business expansion potential. Also, this sentiment has a sizable negative impact on spending on new equipment such as actuators owing to the cautious approach being adopted by companies in the industry.

Another major factor is the high cost or significantly steep upfront expenses associated with advanced actuators, especially for smaller companies and operators, and those with budget constraints. Stringent regulatory requirements also play a major role in the industry and ensuring compliance with complex environmental and safety regulations increases operational costs and can slow down adoption of more advanced components. The trend towards alternative energy sources and the maintenance and downtime challenges associated with actuators also contribute to making the landscape all the more challenging.     

Oil and Gas Actuators Market Player Opportunities:

Companies can leverage emerging trends and technological evolution to focus on innovation in smart actuators and enable integration of IoT and data analytics capabilities to stay competitive in the market. The trend to have real-time monitoring and predictive maintenance and meet compliance and safety regulations support demand for more advanced components and infrastructure in the oil and gas industry. innovate in smart actuator technology by integrating IoT and data analytics capabilities. Companies can also expand product offerings to address rising demand for energy-efficient and environmentally-friendly actuators, and develop products that comply with stringent regulations and attract clients with high focus on sustainability.

Entering into strategic partnerships and collaborations with oil and gas companies, Engineering, Procurement and Construction (EPC) contractors, and other industry stakeholders to facilitate access to new markets, resources, and technologies, in order to gain a competitive edge and secure long-term growth. Diversification beyond traditional oil and gas operations and applications can enable manufacturers to branch into the renewable energy sector through development of or adapting actuators for applications in wind, solar, and hydro power applications, and in doing so, drive revenue streams and reduce dependence on conventional markets. 

Mergers and acquisitions can also aid in expanding reach, consolidating position, and increasing market share. Acquisition or complementary companies and/or technologies can open up new avenues for product development and fortify competitiveness.       

Oil and Gas Actuators Market Segmentation:

By Configuration

• Linear Actuators
• Rotary Actuators

Rotary actuators segment is expected to account for the largest revenue share among the configuration segments in the oil and gas actuators market. Their projection is supported by high demand due to versatility and capacity to manage a variety of valves with precision, making this type suitable for numerous applications across upstream, midstream, and downstream operations. Adaptability to integrate with digital control systems and automation technologies further supports the robust projected revenue growth.

By Operation

• Double Acting
• Spring Return

Among the operation segments, the double acting actuators segment is projected to continue to account for the largest revenue share. This can be attributed to ability to control movement in both directions, offering greater operational flexibility and precision, and making this type of operation ideal for managing fluid flow in a variety of oil and gas applications. Also, double acting actuators provide robust performance and reliability, especially in challenging conditions such as offshore and subsea environments. Wide usage in automation and digital control systems is also contributing to projected adoption of this operation type and driving revenue growth of this segment.

By Type

• Pneumatic Actuators
• Electrical Actuators
• Hydraulic Actuators

Electrical actuators segment is expected to account for the largest revenue share among the type segments over the forecast period. Wide adoption can be attributed to the cost-effectiveness, reliability, and ease of use of these actuators. Pneumatic actuators are also known for ability to operate effectively in harsh environments, making them a preferred choice for various oil and gas applications. Strong safety record, coupled with advancements in air control systems, also supports the projection for robust revenue growth of this segment.

By Application

• Onshore
• Offshore
• Subsea

Among the application segments, the onshore segment is expected to account for the largest revenue share, primarily due to the extensive scope of onshore oil and gas activities, including exploration, drilling, and production. Onshore operations is the primary strongpoint of the industry, creating consistent demand for actuators to manage fluid flow and maintain safety standards. Greater ease of access and established infrastructure in onshore projects further supports adoption of these components, and is projected to continue to drive revenue growth of this segment over the forecast period.

By End Use

• Upstream
• Midstream
• Downstream

Among the end use segments, the upstream segment is expected to account for the largest revenue share over the forecast period. Upstream activities encompass exploration and production, which are fundamental to the industry and involve extensive use of actuators to control drilling, wellhead, and production operations. The high demand for precise fluid flow control and automation in upstream processes drives the adoption of actuators. Also, advancements in intelligent control systems and real-time monitoring in upstream operations further support the projected revenue growth of this segment.

By Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Poland
• Benelux
• Nordic
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• ASEAN
• Australia & New Zealand
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA

The global oil and gas actuators market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America leads in terms of revenue share due to significant investments in shale gas and tight oil extraction, particularly in the United States (US). Technological advancements and a strong focus on automation are also key factors driving revenue growth of the market in this region.

Asia Pacific market revenue growth is registering a rapid growth rate, with countries such as China and India undertaking initiatives to address rising energy demands and making substantial investments in oil and gas infrastructure. Also, expanding exploration and production activities in countries in the region in future is expected to boost market development.

In Europe, mature markets such as Norway and the United Kingdom (UK) lead, with focus being high on efficient and sustainable operations. Growth is also being supported by need to comply with stringent environmental standards and a commitment to cleaner energy solutions by countries in the region. Some of the common factors driving overall global market growth include increasing need for automation and digital monitoring, rising demand for energy-efficient and eco-friendly actuators, and integration with IoT and data analytics for predictive maintenance and process optimization.

Leading Companies in Oil and Gas Actuators Market & Competitive Landscape:

The global oil and gas actuators market features a competitive landscape with a mix of established multinational corporations and emerging regional players. Companies compete on innovation, product differentiation, and customer service to maintain their market position and expand their consumer base. Leading companies focus on developing smart actuators with advanced automation and IoT capabilities, allowing for real-time monitoring, data analytics, and predictive maintenance. This enhances operational efficiency and safety for clients. Strategic partnerships and acquisitions help companies broaden their portfolios and strengthen their global presence. These collaborations enable them to access new markets and offer comprehensive solutions to clients.

Another key strategy is providing customized solutions tailored to specific industry needs. By addressing unique challenges in different segments, such as upstream, midstream, and downstream operations, companies can build strong relationships with clients. Also, leading companies emphasize sustainability by designing energy-efficient actuators and focusing on reducing carbon emissions, thereby aligning with industry trends and regulations.

These companies include:

• Curtiss-Wright
• Rotork
• Automation Technology, Inc. (ATI)
• QTRCO, Inc.
• AUMA Riester GmbH & Co. KG
• REXA
• Bray International
• Emerson Electric Co.
• Habonim
• Agromatic Stellantriebe
• Ametek Inc.
• Zoedale Ltd.

Recent Developments:

• March 2024: AUMA introduced PROFOX-X actuators, which is an explosion-proof variant to its acclaimed PROFOX actuator series. The new actuators offer the same advantages of the small, intelligent PROFOX line to environments with potentially explosive atmospheres. According to the company, the actuators comply with modern plant automation requirements, and hold ATEX and IECEx certifications for the highest gas group IIC T4, including hydrogen, ensuring safe use in hazardous locations. The PROFOX-X line comprises multi-turn, part-turn, and linear actuators, providing automation solutions for all valve types in lower torque and thrust ranges. The series' compact design is well-suited for confined areas such as skid installations. All PROFOX actuators are designed for minimal energy usage and high efficiency, reducing their environmental impact.
• August 2023: Automation Technology, Inc. (ATI), which is a leading provider of tailored and all-encompassing valve automation solutions, announced unveiling of its Zero Emission Electro-Hydraulic actuator to address carbon emissions from pipeline operations. This new package offers an effective way to lower emissions without relying on pipeline gas as the primary power source for the actuator. Traditionally, pipeline actuators have used pipeline gas as a power source, which is then vented into the atmosphere. ATI’s Zero Emission Electro-Hydraulic actuator, which is self-contained, uses a compact suite attached directly to the actuator. Offered in both spring-return and double-acting options, this package can be mounted to the valve using a flange or customized adaptation. The pump, motor, reservoir, limit switches, solenoids, and positioners are integrated with the actuator. In off-grid areas, ATI offers solar power systems to meet customers' needs, and for larger-scale operations, it provides a skid-mounted hydraulic power unit to supply multiple actuators simultaneously.

Oil and Gas Actuators Market Research Scope

Report Metric	Report Details
Market size available for the years	2021-2023
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	5.4%
Segment covered	Configuration; Operation, Type; Application; End Use
Regions Covered	North America:  The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe The Middle East & Africa:  Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Largest Market in Asia Pacific	China
Largest Market Globally	North America
Key Players	Curtiss-Wright, Rotork, Automation Technology, Inc. (ATI), QTRCO, Inc., AUMA Riester GmbH & Co. KG, REXA, Bray International, Emerson Electric Co., Habonim, Agromatic Stellantriebe, Ametek Inc., Zoedale Ltd.