The research report with top-level information is a key benefit that provides qualitative and quantitative factors of the Valve Positioner Market. In this research survey, the features that have powered and reserved the market’s growth are also included in this market report. The research outline also contains the primary industry’s pattern and the international market’s projected volume based on the provincial estimation. Moreover, it also, gives details of a portion of the complete industry, new turns of events, and the effect of domestic and constrained market players, examinations openings as far as arising income pockets, changes in market strategies, product confirmations, key choices, product dispatches, landscape extensions, and mechanical developments and possessions in the market.

Market Overview

The global Valve positioner market size was estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.45 billion in 2030 at a CAGR of 5.5% during the forecast period 2023-2030.

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Valve positioners are devices that are used to regulate the air load pressure in industrial plants. They are used to control the opening and closing of valves in a precise manner, which helps to improve the efficiency of the plant and reduce the overall cost of operation. Valve positioners provide advanced diagnostic features that help to identify any errors or hysteresis in the system. This ensures that the control valve is reliable and accurate in its calibration, which is essential for the smooth functioning of the plant. Smart valve positioners are designed to be easy to install and use. They come equipped with automatic collaboration functions that help to reduce the setup time and make the process more efficient. This is particularly useful in large industrial plants where time is of the essence. Valve positioners are an essential component in the automation of industrial services and solutions.

Valve positioners are devices that help improve the efficiency of plants and reduce the overall cost of operation. The market for valve positioners is expected to grow due to rising globalization and an increase in the number of power plants. The popularity of smart valve positioners is also contributing to the growth of the market, as there is a surging demand for automated industrial services and solutions. They are used in a wide range of industries, including oil and gas, energy and power, water and wastewater, metals and mining, chemicals, food and beverages, pharmaceuticals, pulp and paper, and others. The growing popularity of smart valve positioners is driving the demand for automated industrial services and solutions. This is particularly true in developing economies where there is a rising number of end-user industries.

The COVID-19 outbreak had a significant impact on the oil and gas industry, which faced supply-side constraints from the OPEC+ nations. These constraints were unprecedented and caused a demand-side shock, which posed an existential risk to many industries. The pandemic also led to a decrease in the production of goods across various industries, which further contributed to a slowdown in demand for valve positioners. Valve positioners are devices that aid in controlling valves and reducing operating costs in plants or processes.

Key Findings

·         On the basis of type, Valve positioners are devices used to control the position of valves in industrial processes. The valve positioner market is divided into three types: pneumatic valve positioner, electro-pneumatic valve positioner, and digital valve positioner. The digital valve positioner segment has the highest revenue share in the valve positioner market in 2021. Digital valve positioners are also known as smart valve positioners and have gained popularity in recent years due to the increasing adoption of automated solutions in various process industries. Digital valve positioners offer several advantages over other types, such as enhanced cost savings, diagnostics, and performance.

·         On the basis of actuation, Valve positioners are classified based on their actuation, which refers to the mechanism used to operate the valves. The two main types of actuation in valve positioners are single-acting and double-acting. In the double-acting segment, which recorded a significant revenue share in the valve positioner market in 2021, a piston is used as the main element to operate the valves. Both sides of the actuator are pressurized alternatively for valve operation, which allows for precise control of the valve position.

·         On the basis of industry, The valve positioner market is divided into different industries, including oil & gas, water & wastewater treatment, energy & power, chemical, paper & pulp, pharmaceutical, metal & mining, food & beverage, and others.Valves are widely used in the energy and power industries, which leads to a high demand for valve positioners in this sector.Digital valve positioners are the most preferred type in the energy and power industries because they offer cost savings, diagnostics, and better performance.

·         The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region dominates the valve positioners market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure for research and development proficiencies in this region. positioners.

Regional Analysis

North America to Dominate the Market

·         North America region dominates the valve positioners market and will continue to flourish its trend of dominance during the forecast period.

·         Asia-Pacific region is projected to undergo substantial during the forecast period owing to the rising demand for smart valve positioners, growing number of end user verticals and rising demand for fuels, energy and power.

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Competitive Landscape

·         ABB Group

·         Siemens AG

·         Schneider Electric SE

·         Emerson Electric Co.

·         SMC Corporation

·         Valmet Oyj

·         Azbil Corporation

·         Badger Meter, Inc.

·         Flowserve Corporation

·         Baker hughes company

·         ControlAir

·         Crane Co.

·         GEMU Group

·         Dwyer instruments LTD

·         Valve related Controls

·         Power-genex Ltd

·         Val controls

·         Bray International

·         Nihon KOSO Co. Ltd

·         Spirax-Sarco Limited

Recent Developments

·         In April 2022, Emerson Electric Co. released the TopWorxTM PD Series smart valve positioner, which will extend the Topworx sensing and control products. The PD series of smart valve positioners provide complete control over the valve positioner and integrates communication with 4-20 mA loop signal.

·         In March 2022, Flowserve corporation entered into an agreement with Gradiant, a global manufacturer and provider of cleantech water project for water treatment, to help address the most challenging problems in water and wastewater treatment.

Table of Contents

The Valve positioner Market is segmented into various segments such as By type, By Actuation, By industry, and region:

Based on Type

·         Pneumatic positioners

·         Electropneumatic positioners

·         Digital positioners

Based on the Actuation

·         Single-acting positioners

·         Double-acting positioners

Based on the Industry

·         Oil & gas

·         Water & Wastewater treatment

·         Energy & Power

·         Chemical

·         Paper & Pulp

·         Pharmaceutical

·         Metals & mining

·         Food & Beverages

·         Others

Based on Region

Asia Pacific

·         Japan

·         China

·         India

·         Australia

·         South Korea

·         Vietnam

·         New Zealand

·         Philippines

·         Thailand

·         Malaysia

·         Hong Kong

·         Taiwan

·         Singapore

·         Indonesia

·         Sri Lanka

·         Rest of Asia-Pacific

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Sweden

·         Austria

·         Finland

·         Belgium

·         Turkey

·         Russia

·         Poland

·         Hungary

·         Czech Republic

·         Switzerland

·         Netherlands

·         Rest of Europe

South America

·         Brazil

·         Argentina

·         Chile

·         Colombia

·         Rest of South America

Middle East & Africa

·         South Africa

·         U.A.E.

·         Saudi Arabia

·         Oman

·         Qatar

·         Iran

·         Egypt

·         Rest of Middle East and Africa

Delvens Industry Expert's Standpoint

One of the major challenges is the dearth of knowledge and technological expertise. This means that there may not be enough skilled professionals who can design, develop, and maintain valve positioners. This can lead to a shortage of quality products and services, which can negatively impact the market's growth. Another challenge is heavy competition from local manufacturers. This means that there may be many companies producing valve positioners, which can lead to price wars and reduced profit margins. This can also lead to a lack of differentiation between products, which can make it difficult for customers to choose between them. Lack of standardized norms and governing policies is another challenge. This means that there may not be clear guidelines or regulations for the production and use of valve positioners. This can lead to confusion and uncertainty among manufacturers and customers, which can negatively impact the market's growth. Large scale technological limitations in underdeveloped economies is another challenge. This means that there may be a lack of infrastructure, resources, and expertise in these economies, which can make it difficult to adopt and implement new technologies. This can lead to a slower adoption rate of valve positioners, which can negatively impact the market's growth.

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