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Aug 26, 2019 5:41 PM ET

Valve Positioners Market worth $2.2 billion by 2024 with a growing CAGR of 5.3%


Valve Positioners Market worth $2.2 billion by 2024 with a growing CAGR of 5.3%

iCrowd Newswire - Aug 26, 2019

According to the new market research report “Valve Positioners Market by Type (Electro-Pneumatic, Pneumatic, Digital), Actuation (Single-Acting, Double-Acting), Industry (Oil & Gas, Power, Water & Wastewater, Chemicals, Food & Beverages), and Geography – Global Forecast to 2024”, published by MarketsandMarkets™, the Valve Positioners Market is expected to grow from USD 1.7 billion in 2019 to USD 2.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.3% during the forecast period. The growing importance of control & monitoring in process industries and the increasing demand for valve automation solutions are driving the growth of the industry.

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“The market for digital positioners is expected to grow at the highest rate during the forecast period”

The digital valve positioners possess internal logic based on microprocessors. They use a microprocessor for positioning the actuator and for keeping track of data. These types of positioners came into valve market around two decades ago; however, they started being used widely due to the current era of automation solutions adopted in the process industry and plants. The characteristics of digital positioners such as their diagnostics and predictive maintenance capability and economic capital costs support them to show lucrative growth opportunities in the future.

“Single-acting positioners are going to witness the highest growth during the forecast period”

The single action of the control valve can be described as the action in which positioners deliver and exhaust air from single side of the single-acting actuator. This actuator uses spring force for on and off operation of the actuator. Hence these positioners have simple working operations which make them the more preferably installed type as compared to double-acting positioners.

“APAC is expected to hold the largest share of valve positioners market during the forecast period”

APAC is estimated to account for the largest share of the market in 2019. The region consists of fast-growing economies such as China and India that have fueled the robust manufacturing industries in respective countries. Owing to the increase in the urban population in the region, there is a high demand for new and improved wastewater treatment systems. These systems can be improved with the control valve assemblies that have positioners to enhance their working operations.

Browse in-depth TOC on “Valve Positioners Market

59 – Tables

50 – Figures

125 – Pages

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Key players offering valve positioners include Emerson Electric (US), Baker Hughes (US), Siemens (Germany), ABB (Switzerland), Flowserve (US), while other major players in this market include Schneider (France), Metso (Finland), Rotork (UK), and Azbil (Japan). These players operate globally and provide valve positioners and related valve accessories.

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Contact Information:

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441






Keywords:    Valve Positioners Market

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