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Valve Positioner Market Increasing Demand For Valve Positioner In Oil & Gas And Energy & Power

Valve Positioner Market Increasing Demand For Valve Positioner

According to Precision Business Insights (PBI), the latest report valve positioner market size is expected to be valued USD 2.1 Bn in 2022 and expand at a significant CAGR of 5.4% over 2022-2028 owing to digital innovation in valve positioner as well as growing demand in various industries. Smart valve positioners are easy to install, and their automatic configuration and calibration abilities reduce the setup time that's why increasing popularity of smart valve positioners will also fuel the market growth during the forecast period. However, lack of standardized norms is expected to hinder the growth of this industry market.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/valve-positioners-market/

Increasing Demand of Global Valve Positioner in Various Applications:
Valve positioner can be used in various application such as oil & gas, energy & power, water & wastewater, metals & mining, chemicals, food & beverages, pharmaceuticals and others. Development in oil & gas industries in across the world one of the key reason for growth of the valve positioner market during forecast period. Adoption of valve positioner by various industries for cutting the operational costs and improve efficiency of plant operation as well.

North America leads the Global Valve Positioner Market:
PBI's global Valve Positioner market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific has expected to dominate the revenue share owing to increasing the consumption of valve positioners in oil & gas, energy & power and water treatment industries in emerging economies. North America also has more revenue share after APAC due to presence of major industries where valve positioner are used for controlling the flow of any type of liquid. Key player of valve positioner is present in USA only such as Badger Meter, Emerson Electric Co., Flowserve Corporation and others.

Development of valve positioner products and strategic collaborations are the key strategies adopted by market players:
The global valve positioner market further reveals that the key player's increasingly adopting strategies such as development of valve positioner products and strategic collaborations by the market players to enhance market revenue share and gaining significant geographic presence across the region. On May, 2016, Emerson has enhanced the software for its FIELDVUE DVC6200 series digital valve controllers, which are available for use by process industries with PLCs and PROFIBUS communications as the dominant protocol.

Detailed Segmentation
By Type
• Electro-Pneumatic
• Pneumatic
• Digital

By Actuation
• Single-Acting
• Double-Acting

By End User Industry
• Oil & Gas
• Energy & Power
• Water & Wastewater
• Metals & Mining
• Chemicals
• Food & Beverages
• Pharmaceuticals
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=58041

Key player's profiles in the report are ABB Ltd., Badger Meter Inc., Emerson Electric Co., Flowserve Corporation, General Electric Co., Rotork Plc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Metso Corporation, Baker Hughes, and Azbil Corporation.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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