Global Valve Positioner Industry Competitive Marketplace, Top Market Segments, And Top Geographies
19 May, 2023
The global valve positioner market size is expected to grow from $1.72 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global valve positioner market size is expected to grow to $2.27 billion in 2027 at a CAGR of 5.6%.
Global Valve Positioner Market Key Driver
The growing number of industries is expected to drive future growth in the valve positioner market. The industries are expanding primarily as a result of economic growth, immigration, government assistance, and other factors. A valve positioner is a device that communicates with the process controller and actuator to determine the exact position of the valve. Valve positioners are used to control valves in a variety of industries where precise and quick control without error or hysteresis is required. For instance, in December 2022, according to the report published by the United Nation Industrial Development Organization, a specialized agency of the United Nations that assists countries in economic and industrial development, in the third quarter of 2022, the worldwide manufacturing production stabilized at a reasonable 3.6% year-over-year growth rate following a lower 3.0% increase in the previous quarter. The industrial economy expanded from 2.5% year-over-year growth in the second quarter of 2022 to 3.6% growth in the third. In the third quarter of 2022, other industrializing economies outperformed the group of industrial economies, increasing output by 4.9% year over year. Therefore, the growing number of industries is driving the growth of the valve positioner market.
Get a sample of the global valve positioner market reportGlobal Valve Positioner Market Segments
The global valve positioner market is segmented:
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
4) By Geography: The regions covered in the valve positioner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global valve positioner market.
Major Valve Positioner Industry Players
ABB Ltd., Emerson Electric Co., Flowserve Corporation, Siemens AG, Schneider Electric SE, Baker Hughes, SMC Corporation, Azbil Corporation, Metso Corporation, Rotork Plc., Badger Meter Inc., General Electric Co., Valmet Oyj, Samson AG, VRG Controls, Festo Inc., Control Air, Crane Co., Bray International, Yokogawa Electric Corporation, Christian Bürkert GmbH & Co. KG, CIRCOR International Inc., ControlAir Crane Co., Dwyer Instruments Ltd., and GEMÜ Group.
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Valve Positioner Market Overview
A valve positioner is a device that connects to the valve stem and communicates with the process controller and actuator to determine the valve's exact position. To move the valve, the process controller sends a signal to the positioner, which sends a signal to the actuator.
Valve Positioner Global Market Report 2023 provides data on the global valve positioner market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The valve positioner market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.