Valve Positioners Market Size, Share, Trends, Growth 2032

Valve Positioners Industry Prospective:

The global valve positioners market size was worth around USD 1969.4 million in 2023 and is predicted to grow to around USD 3243.47 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.7% between 2024 and 2032.

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The report covers forecasts and analysis for the global valve positioners market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data from 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Units) and revenue (USD Million).

Valve Positioners Market Growth Drivers

There is a huge scope in the valve positioners market owing to technological advancement, a variety of Actuations, and growing demand in the market. Ability to have fine control over the process, minimize valve stem packing friction effects, and allow the use of characteristic cams in rotary valves are the attributes of valve positioners which is creating demand in several industries.

The rise in the demand for valve positioners in the oil & gas industry owing to the demand and consumption for oil has become the major driver which is uplifting the market at a faster pace. Most of the oil & gas industries are looking forward to cutting down the operating cost and improving the level of efficiency and effectiveness of the plant. This has led to the installation of valve positioners in control valve assemblies which supports efficient plant operation in the oil & gas industry.

The rise in the demand for valve positioners owing to the enhanced importance of controlling and monitoring the process in industry so as to gain maximum output efficiency is one of the major drivers for the market to upsurge. The secondary factor that is boosting the demand for valve positioners is the rise in demand and consumption of power and fuel. Some of the factors which might hamper the growth of the valve positioners market are the lack of standardized norms and governing policies.

Valve Positioners Market: Segmentation

The global valve positioners market has been categorized on the basis of the type, actuation, and end-use industry.

Based on the type, the valve positioners market is segmented into electro-pneumatic, pneumatic, and digital. The electro-pneumatic uses the amalgamation of both air and electricity which converts current control signals to equivalent pneumatic signals. The pneumatic valve positioners provide the valve actuator with accurate air pressure to move the valve to the required position. These pneumatic valve positioners are best fitted in industries such as oil & gas, mining, and chemical because of the anti-corrosion coating. The digital value positioners use microprocessors which it has superior diagnostic capabilities and convert electrical signals to pressure signals.

Based on the actuation, the valve positioners system is segmented into single-acting, and double-acting.

Based on the end-use industry, the valve positioners system is segmented into oil & gas, power, water & wastewater, chemicals, and food & beverages. In a solar power plant, valve positioners are utilized which regulate the superheated steam flow. Additionally, the valve positioners are utilized in wind turbines to resist the high fluctuation in wind pressure, corrosion, and temperature.

Valve Positioners Market: Report Scope

Valve Positioners Market: Key Players & Competitive Landscape

The key players in the global valve positioners market are:

• Emerson Electric (US)
• Siemens (Germany)
• Baker Hughes (US)
• ABB (Switzerland)
• Schneider (France)
• Flowserve (US)
• Metso (Finland)
• Azbil (Japan)
• Rotork (UK)

Valve Positioners Market: Segment Analysis

By Type

• Electro-Pneumatic
• Pneumatic
• Digital

By Actuation

• Single-Acting
• Double-Acting

By End-Use Industry

• Oil & Gas
• Power
• Water & Wastewater
• Chemicals
• Food & Beverages

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa