Global Valve Positioners Market Size By Type (Pneumatic, Electro-Pneumatic, Digital), By End Use Industry (Oil And Gas, Water And Wastewater, Mining, Pharmaceuticals), By Geographic Scope And Forecast
Report ID: 40349|No. of Pages: 202
Global Valve Positioners Market Size By Type (Pneumatic, Electro-Pneumatic, Digital), By End Use Industry (Oil And Gas, Water And Wastewater, Mining, Pharmaceuticals), By Geographic Scope And Forecast
Valve Positioners Market Size And Forecast
Valve Positioners Market size was valued at USD 0.7 Billion in 2023 and is projected to reach USD 2.79 Billion by 2030, growing at a CAGR of 4.26% during the forecasted period 2024 to 2030.
The market for valve positioners is growing because of its applications in several industries such as oil and gas, wastewater treatment, food and beverage, and many others. The rising demand for oil and gas has led to an increased demand for valve positioners. The Global Valve Positioners Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.
Global Valve Positioners Market Definition
Valve positioners refer to the devices that help in placing a valve at the correct position by either increasing or decreasing the air load pressure on the actuator. A typical valve positioner is capable of sensing the exact position of the valve and therefore communicates it further to the actuator to move the valve. These devices are mounted on the yolk or top casing of a pneumatic actuator or near the end of the shaft. Valve positioners are designed and manufactured in three types namely pneumatic, electro-pneumatic, and digital. A valve positioner helps to improve the accuracy of the valve action. These find applications in several industries such as – oil and gas, wastewater treatment, food and beverage, and many others.
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Global Valve Positioners Market Overview
The rising demand for oil and gas has led to an increased demand for valve positioners. Additionally, with growing urbanization and industrialization, the demand for wastewater treatment has improved, which further has boosted the Valve Positioners Market. Also, the rising adoption of smart solutions in various plant operations has surged the demand for digital valve positioners. Surge within the number of power stations across the globe to extend the demand for valve positioners in the years of forecast.
The high popularity of smart valve positioners is predicted to supplement the expansion of the worldwide Valve Positioners Market. Heavy investments within the energy and power industry might be one of the driving factors to bolster the expansion of the worldwide Valve Positioners Market. A growing number of industries in developing economies trigger the global Valve Positioners Market growth. The two major restraints in the growth of this market will be the heavy competition from local manufacturers and the lack of standardized norms and governing policies.
Global Valve Positioners Market: Segmentation Analysis
The Global Valve Positioners Market is Segmented on the basis of Type, End Use Industry, And Geography.
Valve Positioners Market, By Type
• Pneumatic
• Electro-Pneumatic
• Digital
On the basis of Type, the market is divided into Pneumatic, Electro-Pneumatic, And Digital. The growth of digital positioners is attributed to the growing adoption of smart solutions within plant operations. Digital valve positioners are supported on microprocessors and convert the electrical signals to pressure signals. These positioners possess internal logic based on microprocessors. They use a microprocessor for positioning the actuator and for keeping track of data; hence, they need excellent diagnostic capabilities.
Valve Positioners Market, By End Use Industry
• Oil And Gas
• Water And Wastewater
• Mining
• Pharmaceuticals
• Others
On the basis of End Use Industry, the Valve Positioners market is divided into Oil And Gas, Water And Wastewater, Mining, Pharmaceuticals, Others. Out of these, Oil & gas industry is likely to account for the largest market share in the Valve Positioners Market during the forecast period. Companies operating within the oil & gas industry are always trying to find new ways to fulfill rising energy needs also cut their operating costs and enhance the general efficiency of the plant. this is because of the globally increasing consumption and demand for oil. Therefore, the installation of valve positioners in control valve assemblies supports efficient plant operation of the oil & gas industry
Valve Positioners Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
On the basis of Regional Analysis, the Global Valve Positioners Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific market is expected to account for the largest market size during the forecast period. Water is one of the most important required natural resources in the Asia Pacific. Due to the rise in the urban population, there’s a high demand for new and improved wastewater treatment systems. This has generated an increasing need for correct utilization of water resources and growing demand for water and wastewater treatment techniques for water reuse. This will be achieved by using valve positioners in control valve assemblies.
Key Players
The “Global Valve Positioners Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Emerson Electric, ABB Ltd., Schneider Electric, Baker Hughes, Siemens, Rotork, Metso, Flowserve.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaboration and Agreements
• In December 2019, MERCON signs distribution agreement with KOSO Parcol and as an official KOSO Parcol partner, also distribute spare parts and provide warranty and out of warranty support for their and other manufacturers valves
Acquisition & Mergers
• In April 2018, Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers. The company has a market-leading position in India in the actuator business and an advanced offering of switches, process valves, and valve automation products and solutions.
Product launch and Product Expansion
• In January 2020, ControlAir has launched the expansion of the Type 2000 electro-pneumatic valve positioner series to include worldwide safety approvals for use with natural gas when paired with the Type 950 explosion-proof I/P transducer.
• In April 2020, Baker Hughes proudly announces the launch of the latest evolution in a long history of industry-leading digital valve positioners, the Masoneilan SVI3. Built upon a robust legacy platform, with billions of in-field installed operating hours, the SVI3 continues to leverage the excellence of a proven design in both reliability and performance that has made it the best in class.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Emerson Electric, ABB Ltd., Schneider Electric, Baker Hughes, Siemens, Rotork, Metso, and Flowserve. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL VALVE POSITIONERS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VALVE POSITIONERS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL VALVE POSITIONERS MARKET, BY TYPE
5.1 Overview
5.2 Pneumatic
5.3 Electro-Pneumatic
5.4 Digital
6 GLOBAL VALVE POSITIONERS MARKET, BY END USE INDUSTRY
6.1 Overview
6.2 Oil and Gas
6.3 Water and Wastewater
6.4 Mining
6.5 Pharmaceuticals
6.6 Others
7 GLOBAL VALVE POSITIONERS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East And Africa
8 GLOBAL VALVE POSITIONERS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Emerson Electric
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 ABB Ltd.
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Schneider Electric
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Baker Hughes
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Siemens
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Rotork
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Metso
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Flowserve
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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