Valve Positioners Market
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The valve positioners market is expected to grow at a CAGR 4.68% rate during the forecast period. Factors such as increasing demand for valve automation solutions to efficiently manage process industries and the rising demand for energy are expected to augment the growth of the market over the forecast period.
By type, digital positioners are expected to be largest contributor to market during the forecast period. The growth of digital positioners is attributed to the growing adoption of smart solutions in the plant operations. Digital valve positioners are based on microprocessors and convert the electric signals to pressure signals. These positioners possess internal logic based on microprocessors. They use a microprocessor for positioning the actuator and for keeping track of data; hence, they have excellent diagnostic capabilities.
Oil & gas industry likely to account for the largest market share in market during the forecast period. The oil & gas industry has several simultaneous operations that need to be planned, scheduled, executed, and monitored on time. Hence, companies operating in the oil & gas industry are always looking for new ways to meet rising energy needs as well as to cut their operating costs and enhance the overall efficiency of the plant. This is due to the globally increasing consumption and demand for oil. Therefore, the installation of valve positioners in control valve assemblies support efficient plant operation of oil & gas industry.
APAC is expected to account for the largest market size during the forecast period. Water is one of the largest required natural resources in APAC. Owing to the increase in the urban population in APAC, there is a high demand for new and improved wastewater treatment systems. Therefore, there is a growing recognition of water as a resource for various purposes in manufacturing and agriculture. This has generated an increasing need for proper utilization of water resource and growing demand for water and wastewater treatment techniques for water reuse. This can be achieved by using valve positioners in control valve assemblies.
The major players in market include Emerson Electric (US), Siemens (Germany), Baker Hughes (US), ABB (Switzerland), Schneider (France), Flowserve (US), Metso (Finland), Azbil (Japan), and Rotork (UK).
Key Questions Addressed by the Report
- Which type of valve positioner would have the highest demand in the near future?
- Which industries prefer valve positioners?
- What are the opportunities and challenges for the market?
- What are the key industry trends in the market?
- Which specific region has the highest installed base of valve positioners?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Valve Positioner Market, By Industry
Water and wastewater
Food and beverages
Oil and gas
Energy and power
Paper and pulp
Metals and mining
6. Valve Positioner Market, By Actuation
7. Valve Positioner Market, By Type
8. Valve Positioner Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
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