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The Global Smart Positioner Market is estimated to reach $594million by 2025, growing at a CAGR of 5.7% from 2020 to 2025. The smart positioners are pneumatic instruments with internal logic capability used in the industrial plants for controlling the amount of flow through the valve manually.The rapid growth in industrialization is propelling a significant growth in the market. In addition, smart positioners are finding application in various end user industries for the purpose of operating valve by converting current signal into pressure signal. High quality smart positioners are finding their application in mining as well thereby surging adoption in mining.
Surge in adoption of smart positioners in Oil&Gas, Energy and Power, Mining and other industries along with rise in industrialization along with the rising energy demands of the Oil and Gas sector are driving the growth of the market.
By Type- Segment Analysis
By type, the market is segmented into Single Acting positioner and Double acting Positioner. Double Acting positioners are four-way pneumatic positioner that sends and exhaust air from both side of the actuator owing to which it is witnessing a significant growth in the market. The double acting positioners are selected and used by most of the end use industries owing to its applications in high pressure, size as it is available for 10inches valves and above. Furthermore, double acting positions produces torque ranging from low to very high which is best suited for all the industrial applications thereby boosting the growth of the market.
By End Users – Segment Analysis
By End UsersSmart Positioner Market is segmented into Petrochemical, Oil and Gas, Energy and Power, Mining and others. Oil and Gas sector is dominating the Smart Positioners Market owing to rise in Oil and Gas Industries globally and surge in adoption of smart valve positioners due to their pressure control valves for different gas applications and others. The Oil and gas industries with wide range of temperature, pressure fluctuations and corrosions need high efficient and corrosion resistant positioners to control and monitor these requirements. Furthermore, many smart positioners provide advanced auto calibration, single design for linear and rotary applications and spring-return double acting actuators to reduce plant inventory requirements thereby fueling the growth of the market.
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Geography – Segment Analysis
Global Smart PositionerMarket is dominated by APAC region with a share of over 39% in 2019. The rapid growth in industrialization, globalization along with surge in adoption of more efficient and effective technologies is driving the growth of market in this region. The energy and power sector is growing in the APAC region influencing the growth of the market positively. Countries in APAC like India, China and others are growing in the field of underground mining. Many of the energy and power sectors are using coal for production of the output thereby increasing the coal mines and coal production which is positively driving the growth of the market.
Drivers – Container Networking Software Market
• Rise in the application of Smart positioners in the End-use industries globally:
Rise in application of smart positioners along with the rise in end use industries are factors driving the growth of the market. There is a rise in oil and Gas industries globally which is using smart positions for controlling the pressure in the actuator along with the rise in petrochemical industries globally. According to the Global Energy Statistical Yearbook in the year 2019 there is 11% surge in gas production in United States, along with 45% surge in gas wells globally. Furthermore, rise in the end user industry of the Oil and Gas wells contributed to the 70% of the gas production in United States in the year 2019 thereby contributing the growth of the market. According to the Oil Information in 2019, demand for oil has increased by 1.6% since 2017. In 2018, demand for oil in non-OECD countries like Singapore, South Africa, Brazil and others had increased by 52%. The rise in Oil and Gas industries are boosting the growth of the market owing to the wide applications of smart positioners.
• Advancement in technology propelled the surge in adoption of smart positioners :
The advancement in technologies led to the new technology smart positioners like digital positioners which are now being adopted and used by different end-users. The digital smart positioners are using microprocessor sensors. By using this temperature, humidity, and vibrations can be controlled in the industrial purposes. The installation of the digital smart positioners in the extreme environmental changes can minimize the effects of temperature fluctuations. These factors are boosting the growth of the market.
Challenges – Smart PositionerMarket:
Cost related Problems:
The smart positioners are widely being used in the industrial applications but there are industries that are not using this technology owing to the high cost of the equipment. There are also certain explosion related issues with the smart positioners that could result in financial damage. The installation of smart positioners needs to be done under national standards and according to local environmental protection method. The digital smart positioners needs to be installed with software properly otherwise output do not respond by giving the input. These factors are hindering the growth of the market.
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Launches, acquisitions, and R&D activities are key strategies adopted by players in the Smart PositionersMarket are given in this report Smart Positioners Market is dominated by major companies such as, Robert Bosch Gmbh, Stanley Black & Decker Inc, Schneider Electric, Makita Corporation, Techtronic Industries, Hitachi Koki Ltd, Hilti Corporation, Danaher Corporation, Emerson Electric Co., and SKF among others.
April 23, 2020-Rotork launched new enhanced digital smart positioners named YT-3700. These smart positioners monitors graphic display of valve position along with internal temperature board overtime.
January 17, 2017- IMI CCI launched 840 GS control valves for general service market. The product is for boiler systems and general balance of plant providing solution for power consumption.
The rapid growth in the end use industries like petrochemicals, Oil & Gas, mining and others along with surge in adoption of smart positioners in these end use sectors are driving the growth of the market.
Double acting positioners are witnessing significant growth of the market owing to the wide use in the industries due to more efficiency, more torque ranging from low to high and others.
APAC is expected to dominate the global Smart PositionerMarket in the forecast period 2020-2025 owing to the growing industrial sectors, growing mining works in the countries like India, China and others along with growth in Energy and Power Sectors.
Related Reports :
1. Control Valves Market
2. Valves, Actuators and Positioners Market
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