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Valve Positioner Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Asea Brown Boveri Ltd., Emerson Electric Co., Flowserve Corporation, Siemens AG, Schneider Electric SE
Valve Positioner Market Characteristics
The Business Research Company offers in-depth market insights through Valve Positioner Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The valve positioner market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to industrialization and manufacturing growth, integration with control system, growing demand in established markets, improving manufacturing and industrial practices..
The valve positioner market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to adoption of control valve performance enhancement, industry-specific applications, shift towards predictive maintenance, expansion in emerging markets, focus on energy efficiency.. Major trends in the forecast period include industrial automation and digitalization, emphasis on operational efficiency, demand for process optimization, stringent safety and environmental regulations, integration with iiot and smart systems..
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Market Segmentation:
The valve positioner market covered in this report is segmented -
1) By Type: Pneumatic Valve Positioner, Electro-Pneumatic Valve Positioner, Digital Valve Positioner
2) By Actuation: Single Acting, Double Acting
3) By Industry: Oil And Gas, Water And Wastewater treatment, Energy And Power, Chemical, Pharmaceutical, Food And Beverages, Other Industries
Major Driver - Surge In Industries Boosts Growth In The Valve Positioner Market
The growing number of industries is expected to boost the growth of the valve positioner market going forward. The industries are growing mainly due to economic growth, immigration, government support, and others. A valve positioner is a device that connects to the valve stem and communicates with the process controller and actuator to determine the exact position of the valve. In various industries, valve positioners are used to control valves where precise and quick control without mistake or hysteresis are required. For instance, in December 2022, according to the report published by the United Nation Industrial Development Organization, a specialized agency of the United Nations that assists countries in economic and industrial development, in the third quarter of 2022, the worldwide manufacturing production stabilized at a reasonable 3.6% year-over-year growth rate following a lower 3.0% increase in the previous quarter. The industrial economy expanded from 2.5% year-over-year growth in the second quarter of 2022 to 3.6% growth in the third. In the third quarter of 2022, other industrializing economies outperformed the group of industrial economies, increasing output by 4.9% year over year. Therefore, the growing number of industries is driving the growth of the valve positioner market.
Competitive Landscape:
Major companies operating in the valve positioner market report are Asea Brown Boveri Ltd., Emerson Electric Co., Flowserve Corporation, Siemens AG, Schneider Electric SE, Baker Hughes Company, Sintered MetalCorporation, Azbil Corporation, Metso Outotec Corporation, Rotork plc, Badger Meter Inc., General Electric Company, Valmet Corporation, Samson AG, VRG Controls Inc., Festo Corporation, ControlAir LLC, Crane Co., Bray International Inc., Yokogawa Electric Corporation, Christian Bürkert GmbH & Co. KG, CIRCOR International Inc., ControlAir Crane Co., Dwyer Instruments Inc., GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG, Valve Related Controls Inc., Nihon KOSO Co. Ltd., Spirax-Sarco Limited, Honeywell International Inc., Rotex Automation Limited, A-T Controls Inc., Bürkert Fluid Control Systems, Danfoss A/S, Parker Hannifin Corporation, Pentair plc .
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Top Trend - Introduce Intelligent Valve Positioners For Enhanced Process Control
Major companies operating in the valve positioner market are developing innovative products such as intelligent valve positioners to meet larger customer bases, more sales, and increase revenue. An intelligent valve positioner is an advanced device used in process control systems to precisely control the position of a valve based on signals received from the process controller. For instance, in January 2021, Powerflow, a China-based provider of fluid control products, launched IP6000 series intelligent positioner. Its functionality involves regulating the air intake and exhaust of pneumatic actuators, steering the valve position toward the predetermined set point through the calculation of data derived from both the 4-20mA DC signal and feedback position. These products adhere to the unwavering quality standards synonymous with POWERFLOW positioner products. Additionally, they come with a robust after-sales policy, offering a 24-month warranty and addressing quality issues within the initial 12 months by providing a reimbursement of 2,000 yuan per unit.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Valve Positioner Market Characteristics
3. Valve Positioner Market Trends And Strategies
4. Valve Positioner Market - Macro Economic Scenario
5. Valve Positioner Market Size And Growth
…..
27. Valve Positioner Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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