Valve Positioners - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Valve Positioners Market is accounted for $1.59 billion in 2018 and is expected to reach $2.96 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Some of the key factors influencing the market growth include increasing importance of monitoring and control in process industries for efficient output, growing demand for fuels, energy & power. However, lack of standardized norms and governing policies is restricting the market growth.
A valve positioner is one of the major accessories in the control valve assembly. It supports the actuator in the control valve assembly to position the valve stem correctly as per the input signal provided to it so that the control valve accurately controls the parameter it wants to. In other words, the valve positioner makes the working of the control valve more precise and accurate.
Amongst actuation, the single action of the control valve can be described as the action in which positioners deliver and exhaust air from single side of the single-acting actuator. This actuator uses spring force for on and off operation of the actuator. Hence these positioners have simple working operations which make them the more preferably installed type as compared to double-acting positioners.
By Geography, APAC is estimated to have a lucrative growth during the forecast period. The region consists of fast-growing economies such as China and India that have fuelled the robust manufacturing industries in respective countries. Owing to the increase in the urban population in the region, there is a high demand for new and improved wastewater treatment systems.
Some of the key players in global Valve Positioners market are Schneider Electric, ABB, Baker Hughes, Siemens, Emerson Electric, General Electric, Metso, SMC, SAMSON Controls, Rotork, Azbil, Circor International, Bray International, Festo and VRG Controls.
• Double-Acting Positioner
• Single-Acting Positioner
• Other Actuations
• Digital Positioner
• Pneumatic Positioner
• Electro-Pneumatic Positioner
Sales Channels Covered:
• Distribution Channel
• Direct Channel
End Users Covered:
• Metals & Mining
• Water & Wastewater
• Oil & Gas
• Food & Beverages
• Energy & Power
• Pulp & Paper
• Aerospace and Defense
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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