Global Valve Positioners Market is segmented By Type (Cordless Hand Mixers, Cord Hand Mixers), By Actuation (Commercial, Residential), By End-User (Online, Power, Offline), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Valve Positioners Market Overview
The Valve Positioners Market is expected to grow at a CAGR of 4.5% in the forecast period (2023-2030).
Valve positioners are devices used to control a valve's position in a process control system. They work by receiving a control signal from a controller (such as a programmable logic controller or PLC) and using that signal to adjust the position of the valve to the desired position. It helps to maintain a precise flow or pressure within the processing system. Valve positioners can be pneumatic, electronic or electro-pneumatic. They can be used in various industries such as oil and gas, chemical, water treatment and power generation. The global market is segmented into type, actuation and end-user.
Valve Positioners Market Scope
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Metrics |
Details |
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Market CAGR |
4.5% |
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Segments Covered |
By Type, By Actuation, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Global Valve Positioners Market Growth and Trends
The global Valve Positioners are primarily driven by the rising importance of monitoring and controlling the process. The rise in demand for value positioners is due to their accurate and rapid control. Digital valve positioners are gaining popularity in all industries due to the following advantages: high reliability and performance, more precise calibration for more accurate control, Advanced diagnostics for predictive maintenance and Easy setup for reduced commissioning costs. Flow Control states, “A poorly performing US$ 3,000 control valve can cause significant losses because of shutdowns, lost production, reduced efficiency and unsafe events.” Digital valve positioners help protect against these consequences by improving control valve reliability and performance. The rising need for automation in various industries, such as oil and gas, chemical, water treatment and power generation, is driving the demand for valve positioners.
The growing power generation industry all around the globe is the other reason for the valve positioners market to have a positive impact with an increase in the demand for energy globally, creating requirements for more power plants. The power plants carry steam in the pipeline for energy generation to have high efficiency and require valve positioners. Hence, the market will grow for Valve Positioners in the forecast period. The rising investments in constructing new power plants have a promising boost for the valve positioners market.
For instance, Tyr Energy, U.S. subsidiary of the Japanese energy giant Itochu, began construction on its US$ 863 million Hickory Run Energy Station five miles west of New Castle. The 1,000-megawatt plant is expected to be operating by April 2020.
The growing importance of process monitoring and control is driving the expansion of the global valve positioners market
The growing importance of process monitoring and control drives the global valve positioners market expansion. Valve positioners provide precise control over the flow or pressure of the process, which helps to improve process efficiency, reduce costs and increase productivity. Valve positioners are equipped with sensors that allow for real-time monitoring of the valve position, which helps to detect and prevent problems before they occur. Valve positioners are equipped with sensors that allow for real-time monitoring of the valve position, which helps to detect and prevent problems before they occur. By providing precise control over the process, valve positioners can help to reduce energy consumption, which can lower costs and decrease the environmental impact of the process. Overall, the rising importance of monitoring and control in the process industry is driving the growth of the global valve positioners market. They provide many benefits like improved process control, real-time monitoring, predictive maintenance, remote control and energy efficiency.
The high cost of installation and maintenance hampers the market growth
The high cost of purchasing and installing valve positioners can be a barrier for some customers, especially small and medium-sized enterprises (SMEs) which can limit the adoption of the product. The high installation and maintenance costs can make valve positioners less affordable for customers, limiting market growth. The high installation and maintenance cost can reduce demand for valve positioners, as customers may opt for other, less expensive options. High installation and maintenance costs can limit valve positioners adoption in certain industries, such as small and medium-scale industries or in certain regions where the economic conditions are unfavorable. Therefore, the high installation and maintenance cost can be a significant barrier to the adoption and growth of the valve positioners market. Manufacturers are working to develop cost-effective solutions to address this issue and make valve positioners more affordable for customers.
COVID-19 Impact Analysis on Valve Positioners Market
The pandemic has led to a slowdown in production and supply chain activities, affecting valve positioners' availability and delivery. The pandemic caused a decrease in demand for valve positioners, as lockdowns and closures have impacted many industries. The pandemic has decreased demand for valve positioners, as lockdowns and closures have impacted many industries. With the pandemic, industries have shifted their focus to essential products and services, which may have affected the adoption of valve positioners in some cases. Overall, the COVID-19 pandemic has had a negative impact on the global valve positioners market. Still, with the gradual recovery of the economy and the industry, the market is recovering at a decent pace and will grow further in the future.
Global Valve Positioners Market Segmentation Analysis
The global valve positioners market is segmented based on type, actuation, end-user and region.
Owing to the rising production and ever-growing demand for crude oil globally, the demand for valve positioners is continuously rising
The oil and gas industry requires precise control over fluid flow, making valve positioners an essential component of their operations. The increasing exploration and production activities in the oil and gas industry are driving the demand for valve positioners. Valve positioners in the oil and gas industry are designed to withstand harsh conditions such as high pressure and temperature, making them suitable for the oil and gas industry. Furthermore, the oil and gas end-use industry is dominating the global valve positioners market due to their high demand for flow control, exploration and production activities, safety and security, high durability and increased investments in the industry.
Global Valve Positioners Market Geographical Share
The global valve positioners market is segmented based on type, actuation, end-user and region.
Owing to the rise in oil & gas exploration in the region, the North American market is dominating the global market
North America has a high adoption of automation and advanced technologies, which drives the demand for valve positioners in the region. The North American market is home to some of the major valve positioners industry players, contributing to its dominance. North America has a high demand for valve positioners in the oil and gas industry, which is a major contributor to the market's dominance. North America has a strong industrial base, driving the demand for valve positioners in the region. The North American market has a high awareness of the benefits of valve positioners, which drives the demand for these products in the region.
Therefore, North America dominates the global valve positioners market due to the high adoption of automation and advanced technologies, the presence of major players, government regulations, high demand in the oil and gas industry, strong industrial base and high awareness of the benefits of valve positioners.
Global Valve Positioners Market Companies and Competitive Landscape
To meet the growing consumer demand for valve positioners, manufacturers are taking several strategic actions to increase production rates. The competition in the local and global markets is very high, so the primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are Emerson, Flowserve, Siemens, Rotork, SAMSON Controls, ABB, General Electric, Metso, Azbil Corporation and Westlock.
Emerson
Overview: Ferguson, Missouri, serves as the corporate headquarters for the American multinational Emerson Electric Co. The Fortune 500 company produces goods and offers engineering services for industrial, commercial and consumer markets. Emerson employs around 86,700 people across 170 manufacturing facilities. Emerson's two main business platforms are automation Solutions and Commercial & Residential Solutions. The company serves pharmaceuticals, cold chain logistics, commercial building and construction, transportation, energy & utilities, automotive, chemical, oil & gas, power, food & beverages, packaging and other industries. The company operates in the region, including North America, Latin America, Europe, the Middle East & Africa and Asia-Pacific.
Product Portfolio:
- Pneumatic Valve Positioner: Pneumatic pressure signaling may be used by legacy processing units to set the control point for the control valves. An accurate valve stem or shaft position that is proportional to the pneumatic input signal is provided by a common pneumatic positioner design, which uses a pneumatic input signal to modulate the supply pressure to the control valve actuator.
Key Development:
- In July 2022, The TopWorx PD Series Smart Valve Positioner was introduced by Emerson. The TopWorx sensing and control product line are extensive at the fluid control and pneumatics technology company. The PD Series offers complete control over valve positioning through communication via a 4-20 mA loop signal and HART protocols. According to the company, this technology enables customers to gather insightful feedback while examining patterns that can provide insights into predictive maintenance to help reduce expensive downtime. The PD Series uses contactless Hall effect position detection to improve product reliability.
