Valve Positioners Market : Industry Trends , Key Players and Trends 2020-2025

The valve positioners market is expected to grow from USD 1.7 billion in 2019 to USD 2.2 billion by 2024; it is expected to grow at a CAGR of 5.3% during 2019–2024. Increasing demand for valve automation solutions to efficiently manage process industries and the rising demand for energy are key factors that are expected to augment the growth of the market over the forecast period.

Browse 60 market data Tables and 50 Figures spread through 125 Pages and in-depth TOC on "Valve Positioners Market - Global Forecast to 2024"

Download PDF Brochure @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138950854

By type, digital positioners are expected to be largest contributor to valve positioners market during the forecast period

The growth of digital positioners is attributed to the growing adoption of smart solutions in the plant operations. Digital valve positioners are based on microprocessors and convert the electric signals to pressure signals. These positioners possess internal logic based on microprocessors. They use a microprocessor for positioning the actuator and for keeping track of data; hence, they have excellent diagnostic capabilities.

Oil & gas industry likely to account for the largest market share in valve positioners market during the forecast period

The oil & gas industry has several simultaneous operations that need to be planned, scheduled, executed, and monitored on time. Hence, companies operating in the oil & gas industry are always looking for new ways to meet rising energy needs as well as to cut their operating costs and enhance the overall efficiency of the plant. This is due to the globally increasing consumption and demand for oil. Therefore, the installation of valve positioners in control valve assemblies support efficient plant operation of oil & gas industry.

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.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441