Growing count of industries in developing countries to generate the Valve Positioners Market growth

The research report " Global Valve Positioners Market: By Type (Digital Positioner, Pneumatic Positioner, Electro-Pneumatic Positioner and Electronic), By Actuation (Single-Acting and Double-Acting), By End User (Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals, Pulp & Paper, Water & Wastewater and Others) and Geography– Global/Region/Country Forecast to 2027",The global valve positioners market size was valued around US $ 1.1 Bn in the year 2019 and is anticipated to record a CAGR of 4.9% over the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Valve Positioners Market: By Type (Digital Positioner, Pneumatic Positioner, Electro-Pneumatic Positioner and Electronic), By Actuation (Single-Acting and Double-Acting), By End User (Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals, Pulp & Paper, Water & Wastewater and Others) and Geography– Global/Region/Country Forecast to 2027",

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Increasing preference to Process safety is anticipated to drive the Valve Positioners Market Growth:
The global valve positioners market size was valued around US $ 1.1 Bn in the year 2019 and is anticipated to record a CAGR of 4.9% over the forecast period 2021-2027. Global Valve Positioners Market report is the precise presentation of complete outlook on valve positioners around the globe giving special focus on key regions like Asia Pacific, North America, Latin America, Europe and Middle East and Africa. This market study is the effective depiction of the market dynamics along with identifying the driving factors, latest trends, future opportunities, COVID-19 impact and potential challenges to the stakeholders working in the market. It further proceeds with covering human demographics, competitive analysis and regulatory scenario. The global valve positioners market is evaluated to record huge growth and witness a high CAGR because of the growing demand for automation solutions and industrialization leads to the huge use of valve positioners for controlling and monitoring manufacturing process. Furthermore, there are some other market driving factors such as increase in awareness of the energy efficiency and growing technological development. On the other hand, high price of installation and repairing of valve positioners is the major reason to restrain the market growth. There is growing demand for valve positioners because of the growing infrastructure of manufacturing industrial segments. Valve positioners are particularly utilized to control the valve where precise and fast control is needed. Furthermore, growing adoption of valve positioner by different industries like Chemicals, Pharmaceutical, oil & gas and food & beverages to lessen the manufacturing price is anticipated to propel the market growth. Chemicals segment is expected to offer lucrative opportunities over the forecast period and projected to grow with a highest CAGR of 5.4% from 2021-2027. In 2019, oil & gas segment accounted US$ 544.9 Mn and is expected grow with a CAGR of 5.2% over the forecast years owing to the heavy investments in the energy and power industry. Strategic moves covered in the report serve as the best guide for the new entrants in the market.

Asia Pacific Accounts for Larger Market Revenue Share in Global Valve Positioners Market:
In 2019, Asia Pacific accounted for largest revenue share in global valve positioners market. Moreover, Asia Pacific is expected to create lucrative opportunities for the valve positioners in the near future. In 2019, Middle East & Africa accounted for 24.6% revenue share in global valve positioners market. The region is expected to reach US$ 678.8 Mn by 2027.

Increasing Popularity of Smart Valve Positioners:
Smart valve positioners are customizable and are equipped with microprocessors, enabling them to control the motion of actuator and valves. The automatic configuration and collaboration functions of smart valve positioners reduce the setup time and are easy to install. Over the last decade, developments in smart have outpaced the performance capabilities of mechanical and electro-pneumatic systems. Advancements in digital communications protocols have allowed smart controller technology to evolve, integrating more sophisticated functionality. Such innovations have led to digital valve positioners that operate as mini-steady-state controllers. Smart valve positioner technology introduces additional capabilities to plant operators over conventional valve controllers. For instance, a smart positioner can use non-contact feedback to control the valve position, enabling the positioner to be mounted remotely from the valve. This offers benefits to plants where the control valve is located either in a high-vibration or corrosive environment. Because of these benefits, smart valve positioners are increasingly being adopted by end-users.

Competition Assessment:
The competitive section in this report gives thorough analysis of competitive landscape regarding to applications, geographies and markets. This segment also aids different industry players to get best opportunities to make place in the market and for future growth visions. It also describes some effective acquisition strategies and new product introduction strategies to execute further business growth. There are many leading industry players are operating in the global valve positioners market, which include Azbil Corporation, ControlAir Inc., Emerson, Fine Controls Ltd, Flowserve, Metso, Rotork, SAMSON Controls, Siemens, Trimteck, VRG Controls, Westlock and Yokogawa.

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