Valve Positioner Market Will Reach USD 2,783 Million by 2030

The valve positioner market was USD 1,820 million in 2022, and it is projected to reach USD 2,783 million by 2030, propelling at a rate of 5.45% during the projected period as per a report by a market research company, P&S Intelligence.

This has a lot to do with the rising industrialization and population, mainly in urban areas of some of the emerging nations, and the growing usage of valve positioners for various plant operations.

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valve positioners play a vital role in maintaining precise pressure levels and providing accurate positioning control over systems, this is crucial in industrial procedures, such as treatment and manufacturing.

The digital category dominates the valve positioner market. This is because of the deployment and introduction of automated solutions, as it creates a link between the valve and the system.

The fastest growth is projected in the water & waste treatment industry during 2022-2030. The industry primarily contains wastewater management operations, water treatment, and supply of water.

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Moreover, because of the increasing water scarcity across the world, wastewater treatment is vital. Automated positioners can increase the effectiveness of wastewater treatment.

Positioners are essential to control these procedures and to reduce the risk of equipment damage. Generally, for water management applications the pneumatic valve positioner is utilized, and the utilization of the digital type is gradually rising.

APAC is projected to witness significant growth in the near future, due to the improving living standards and rising population. As per a health agency, over 60% of the global population resides in this region, and India and China are the most populated countries. As a result, they will also generate a substantial growth.

Additionally, the increasing population and their improving living standards are boosting energy demands. For example, APAC accounts for more than 50% of energy consumption across the world. To meet the energy demand, major investments in the power & energy and oil& and gas sectors are needed. These investments will increase the demand for valve solutions.

The largest share is held by the North American industry, and it is expected to propel at a rate of 5.9% during 2023-2030.

This is credited to the existence of the major players and industries in the region. The main industry for valve positioners in North America is the U.S., because of the presence of a number of industries and organizations, significant technological advancement, and the rising population.

Due to the growing population and industrialization in urban areas, increasing adoption of valve positioners for different plant operations, and technological advancement, the valve positioner industry will grow significantly in the coming years.

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This release was published on openPR.