Valve Positioner Global Market Report 2024

“Valve Positioner Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on valve positioner market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for valve positioner? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The valve positioner market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Pneumatic Valve Positioner; Electro-Pneumatic Valve Positioner; Digital Valve Positioner
• 2) By Actuation: Single Acting; Double Acting
• 3) By Industry: Oil And Gas; Water And Wastewater treatment; Energy And Power; Chemical; Pharmaceutical; Food And Beverages; Other Industries
• Companies Mentioned: Asea Brown Boveri Ltd.; Emerson Electric Co.; Flowserve Corporation; Siemens AG; Schneider Electric SE
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A valve positioner serves as a device connecting to a valve stem, facilitating communication between the process controller and actuator to precisely determine and adjust the valve's position. It operates by receiving signals from the process controller and then transmitting corresponding signals to the actuator, enabling the valve's movement.

The primary types of valve positioners include pneumatic valve positioners, electro-pneumatic valve positioners, and digital valve positioners. A pneumatic valve positioner typically receives a pneumatic signal, often within the range of 3-15 or 6-30 psi, originating from a controller. These positioners utilize various actuation methods such as single-acting and double-acting mechanisms. Valve positioners find applications across various industries including oil and gas, water and wastewater treatment, energy and power generation, chemical manufacturing, pharmaceuticals, food and beverage processing, among others. They play a critical role in ensuring accurate valve control and operation within these diverse industrial settings.

The valve positioners market research report is one of a series of new reports from The Business Research Company that provides valve positioners market statistics, including valve positioners industry global market size, regional shares, competitors with valve positioners market share, detailed valve positioners market segments, market trends, and opportunities, and any further data you may need to thrive in the valve positioners industry. This valve positioners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The valve positioner market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be attributed to several contributing factors, including the expansion of industrialization and manufacturing sectors, increased integration of valve positioners with control systems enhancing overall operational efficiency, a growing demand for these devices within established markets, and ongoing improvements in manufacturing and industrial practices. These factors collectively facilitated the adoption and advancement of valve positioner technology within various industries.

The valve positioner market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period is expected to be driven by several factors. These include the increased adoption of control valve performance enhancement techniques, the utilization of valve positioners for industry-specific applications catering to diverse needs, a notable shift towards predictive maintenance strategies within various industries, the expansion of valve positioner markets in emerging economies, and a heightened focus on energy efficiency prompting the use of these devices. Key trends projected for the forecast period encompass the widespread adoption of industrial automation and digitalization practices, an emphasis on achieving operational efficiency across industries, a growing demand for process optimization solutions leveraging valve positioner technology, adherence to stringent safety and environmental regulations, and the integration of valve positioners with Industrial Internet of Things (IIoT) and smart systems to enhance functionality and data-driven decision-making in industrial settings.

The anticipated growth in the number of industries is poised to significantly contribute to the expansion of the valve positioner market. This upswing in industries can be attributed to factors such as economic growth, immigration, and government support. Valve positioners play a crucial role in various industries by connecting to the valve stem and communicating with the process controller and actuator to ensure precise positioning. They are particularly essential in situations requiring accurate and swift control without errors or hysteresis. For example, as of December 2022, a report by the United Nations Industrial Development Organization revealed that worldwide manufacturing production stabilized with a 3.6% year-over-year growth rate in the third quarter of 2022, marking an increase from the previous quarter's 3.0%. This growth trend, supported by both industrialized and industrializing economies, highlights the pivotal role of valve positioners in facilitating efficient control mechanisms in diverse industrial settings. Consequently, the growing number of industries emerges as a key driver in propelling the valve positioner market forward.

The burgeoning healthcare industry is expected to play a pivotal role in driving the growth of the valve positioner market. The healthcare sector, encompassing a wide range of organizations, professionals, products, and services, is continually expanding and evolving. As the demand for precise and reliable control mechanisms in healthcare applications rises, valve positioners are anticipated to witness increased adoption. In March 2022, the Centers for Medicare & Medicaid Services, a US-based federal agency, published the 2021-2030 National Health Expenditure (NHE) report, projecting an average annual increase of 5.1% in national health spending between 2021 and 2030, reaching nearly $6.8 trillion. The anticipated growth in Medicare and Medicaid spending further underscores the importance of efficient control mechanisms within the healthcare industry. With valve positioners contributing to precise control in healthcare applications, the growing healthcare industry is poised to be a significant driver in the growth of the valve positioner market.

Leading players in the valve positioner market are actively driving innovation, particularly focusing on intelligent valve positioners, to broaden their customer base, increase sales, and enhance overall revenue. Intelligent valve positioners are advanced devices employed in process control systems to precisely regulate the position of a valve based on signals received from the process controller. In January 2021, Powerflow, a China-based provider of fluid control products, introduced the IP6000 series intelligent positioner. This product is designed to govern the air intake and exhaust of pneumatic actuators, steering the valve position toward the predetermined set point by calculating data from both the 4-20mA DC signal and feedback position. Emphasizing quality standards, POWERFLOW positioner products, including the IP6000 series, are supported by a robust after-sales policy, offering a 24-month warranty and addressing quality issues within the initial 12 months with a reimbursement of 2,000 yuan per unit.

Major companies are making strategic investments in the development of innovative products such as smart valve positioners to expand their customer bases, elevate sales, and drive revenue growth in the valve positioner market. A smart valve positioner, akin to its intelligent counterpart, is a sophisticated device used in process control systems to precisely control valve positions based on signals from the process controller. In April 2022, Emerson Electric Co., a US-based manufacturing company, unveiled the TopWorx PD Series Smart Valve Positioner. As an extension of Emerson's existing range of TopWorx sensing and control products, the PD Series introduces advanced intelligence, reliability, and versatility to valve control applications. This series stands out within the TopWorx portfolio by seamlessly integrating communication capabilities through a 4-20 mA loop signal and HART protocols. This intelligent communication not only affords customers complete control over valve positioning but also enables valuable feedback extraction. With enhanced control and preventative maintenance features, the PD Series becomes a significant addition to the valve positioner market, offering customers insights for predictive maintenance to mitigate costly downtime.

In January 2021, DeZURIK, Inc., a prominent US-based valve manufacturer specializing in the municipal and industrial markets, successfully acquired Red Valve Company Inc for an undisclosed amount. This strategic acquisition marks a significant milestone for DeZURIK, culminating in the fulfillment of its commitment to enhancing the human condition through the utilization of exceptional flow control capabilities to develop critical industrial and water infrastructure. Red Valve Company Inc, based in the United States, is recognized for its expertise in manufacturing pinch and check valves, along with valve positioners. The acquisition positions DeZURIK to leverage the strengths and capabilities of Red Valve, further solidifying its position as a key player in the flow control industry and enabling the development of comprehensive solutions for industrial and water infrastructure needs.

Major companies operating in the valve positioner market report are Asea Brown Boveri Ltd., Emerson Electric Co., Flowserve Corporation, Siemens AG, Schneider Electric SE, Baker Hughes Company, Sintered MetalCorporation, Azbil Corporation, Metso Outotec Corporation, Rotork plc, Badger Meter Inc., General Electric Company, Valmet Corporation, Samson AG, VRG Controls Inc., Festo Corporation, ControlAir LLC, Crane Co., Bray International Inc., Yokogawa Electric Corporation, Christian Burkert GmbH & Co. KG, CIRCOR International Inc., ControlAir Crane Co., Dwyer Instruments Inc., GEMU Gebr. Muller Apparatebau GmbH & Co. KG, Valve Related Controls Inc., Nihon KOSO Co. Ltd., Spirax-Sarco Limited, Honeywell International Inc., Rotex Automation Limited, A-T Controls Inc., Burkert Fluid Control Systems, Danfoss A/S, Parker Hannifin Corporation, Pentair plc .

Asia-Pacific was the largest region in the valve positioner market in 2023. Asia-Pacific is expected to be the fastest-growing region in the valve positioner market during the forecast period. The regions covered in the valve positioner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the valve positioner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The valve positioner market consists of sales of valve positioners that are used to adjust a valve's position by changing the actuator's air load pressure. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.