Valve Positioners Market: Report by Type (Electro-Pneumatic, Pneumatic, and Digital), by Actuation (Single-Acting, and Double-Acting), and by End-Use Industry (Oil & Gas, Power, Water & Wastewater, Chemicals, and Food & Beverages)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The global valve positioners market is likely to have substantial growth in the coming years and is anticipated to grow at a 4.5% CAGR within the forecast period.The global valve positioner market is anticipated to grow from USD 1.2BN in 2018 to 2.4BN by 2026.

The report covers forecast 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 of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Units) and revenue (USD Million).

There is a huge scope in the valve positioners market owing to technological advancement, 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 the valve positioners which is creating the demand in several industries. The rise in the demand for the 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, improve 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 of the oil & gas industry.

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 the 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 due to which it has superior diagnostic capabilities and converts 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, the valve positioners are utilized which regulates the superheated steam flow. Additionally, the valve positioners are utilized in wind turbines to resist the high fluctuation in wind pressure, corrosion, and temperature.

The rise in the demand for the 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 due to the rise in demand and consumption for 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.

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), and Rotork (UK).

 Valve Positioners Market: Regional Segment Analysis

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