What Has Been the Growth Trajectory for the Valve Positioner Market in Recent Years?
The valve positioner market has seen considerable growth due to a variety of factors.
• In recent years, there's been significant growth in the valve positioner market. The market size is projected to expand from $1.92 billion in 2024 to $2.03 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The growth in the previous period was primarily driven by factors such as industrialisation and manufacturing growth, integration with control systems, higher demand in existing markets, and betterment of manufacturing and industrial practices.
How Does the Forecast Look for the Valve Positioner Market Size Evolve over the Forecast Period?
The Valve Positioner market is expected to maintain its strong growth trajectory in upcoming years.
• The market for valve positioners is projected to experience robust expansion in the consequent years, escalating to $2.61 billion by 2029 with a 6.5%.
compound annual growth rate (CAGR). Factors influencing growth during the forecasted span include the adoption of methods to improve control valve functioning, use in industry-specific applications, transition to predictive maintenance, growth in undeveloped markets, and an emphasis on energy efficiency. Key trends throughout the forecasted period entail industrial automation and digitization, a focus on operational efficiency, an increased demand for process optimization, rigid safety and environmental rules, and the incorporation of industrial internet of things (iiot) and intelligent systems.
What Are The Leading Drivers Of Growth In The Valve Positioner Market?
The expansion of various industrial sectors is anticipated to propel the valve positioner market's growth. This upsurge is primarily attributed to factors like economic advancement, immigration, government backing, among others. A valve positioner, an apparatus linked to the valve stem, interacts with the process controller and actuator to ascertain the valve's exact location. They are widely employed in numerous industries to manage valves where swift and accurate control devoid of errors or hysteresis is essential. For example, as per the United Nation Industrial Development Organization's report published in December 2022, the global manufacturing output steadied at a substantial 3.6% annual growth rate, following a slightly lesser 3.0% rise in the preceding quarter. The industrial economy's growth pace picked up from 2.5% annually in 2022's second quarter to 3.6% in the third. In the same period, other emerging industrial economies exceeded the group of existing industrial economies, with a production output surge of 4.9% year on year. Thus, the increasing prevalence of industries is contributing to the expansion of the valve positioner market.
How Are The Segments Defined Within The Global Valve Positioner Market?
The valve positioner market covered in this report 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
Subsegments:
1) By Pneumatic Valve Positioner: Single-Acting Pneumatic Positioners, Double-Acting Pneumatic Positioners
2) By Electro-Pneumatic Valve Positioner: Analog Electro-Pneumatic Positioners, Digital Electro-Pneumatic Positioners
3) By Digital Valve Positioner: Smart Digital Positioners, Fieldbus-Integrated Digital Positioners
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How Are New Trends Expected To Influence The Growth Of The Valve Positioner Market?
Leading corporations in the valve positioner market are creating breakthrough products like intelligent valve positioners to cater to an expanded customer spectrum, boost sales, and escalate revenues. An intelligent valve positioner is a sophisticated equipment used within process control systems to accurately adjust the position of a valve based on signals it receives from the process controller. For example, in November 2023, Emerson, an American company offering engineering services, introduced a compact valve position indicator, specially designed for speedy and efficient commissioning. The innovative TopWorx DVR Switchbox boasts a resilient design that ensures dependable valve position feedback, thus improving operational effectiveness in sectors such as water management and food production. This product unveiling forms part of Emerson's continuous pledge to deliver advanced process control solutions.
Who Are the Key Players In The Valve Positioner Market?
Major companies operating in the valve positioner market include:
• Asea Brown Boveri Ltd.
• Emerson Electric Co.
• Flowserve Corporation
• Siemens AG
• Schneider Electric SE
• Baker Hughes Company
• Azbil Corporation
• Metso Outotec Corporation
• Rotork plc
• General Electric Company
• Valmet Corporation
• Samson AG
• VRG Controls Inc.
• Festo Corporation
• ControlAir LLC
• Crane Co.
• Bray International Inc.
• Yokogawa Electric Corporation
• Christian Bürkert GmbH & Co. KG
• CIRCOR International Inc.
• Dwyer Instruments Inc.
• GEMÜ Gebr. Müller 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.
• Bürkert Fluid Control Systems
• Danfoss A/S
• Parker Hannifin Corporation
• Pentair plc
What Is The Most Dominant Region In The Valve Positioner Market?
Asia-Pacific was the largest region in the valve positioner market in 2024. 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
