Report Ocean has recently published a research study on the global valve positioner market. The report, titled “Global Valve Positioner Market Size study by Type (Constant Bottom Hole Pressure, Single acting digital valve positioners and Double acting digital valve positioners), by Signal (Digital Non-Communicating, HART and Fieldbus), Industry (Chemical, Petrochemical, Oil & Gas and Pharmaceutical & Others) and Regional Forecasts 2020-2027,” offers a detailed assessment of this market, including individual analyses of each of its segments.
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The global valve positioner market is valued approximately at US$1.7 bn in 2019 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2020-2027.
Valve positioners are referred to those devices that are used on actuators, deployed for controlling the position of valves together with pipelines and other devices. These positioners operate through electric signals and control the position and movement of the actuators. They permit efficient flow and process control as well, since they improve the speed and accuracy of the response of actuators. They also ensure correction of positioning of the valve to enhance its performance. These and other offerings of valve positioners have gained them significant demand from the water and waste water industries to effectively cope up with the excessive flow of water, which is why the rapid growth in the water and wastewater industries is driving this market substantially. As per the International Wastewater association, wastewater flow rate is projected to increase to 61,000 m3 per day in Aqaba by 2030, thereby tendering to expand the treatment capacity to about 70,000 m3 per day. Also, over 12,000 m3 per day wastewater treatment capacity is likely to be initiated in Bangkok by the end 2030.
Going forward, the rising demand in the fuel and power industry is expected to drive the market’s growth in the near future. However, the lack of standardized norms and governing policies may limit the market to some extent over the coming years.
The research report also offers a geographical assessment of the global market for vavle positioners. As per the study, the global market reports its presence across North America, Europe, Latin America, Asia Pacific, and the Rest of the World. North America is leading the worldwide valve positioner market and is expected to continue doing so over the period of the forecast. The increasing need for strong heating and Hvac applications in this region is supporting the growth of the North America valve positioner market. The Asia Pacific market is projected to highest cumulative average growth rate over the period from 2020 to 2027. Factors, such as the skyrocketing demand for power and the soaring need for effective water management are likely to aid this regional market in the near future, states the research report.
Impact of Covid 19 on Global Valve Positioner Market
The global market for valve positioners has been severely hit by the Coronavirus pandemic. With the lockdown being imposed in several countries, many commercial operations were forced to shut down, reflecting badly on the demand for market for valve positioners. However, with the gradual commencement of operations, the market is expected to get back to normal shorty.
Key Findings:
- North America is leading the worldwide valve positioner market and is expected to continue doing so over the period of the forecast.
- The Asia Pacific market is projected to highest cumulative average growth rate over the period from 2020 to 2027.
The global valve positioner market is segmented into:
By Type
- Constant Bottom Hole Pressure
- Single acting digital valve positioners
- Double acting digital valve positioners
By Signal
- Digital Non-communicating
- HART
- Fieldbus
By Industry
- Chemical
- Petrochemical
- Oil & Gas
- Pharmaceutical & Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Nihon Koso Co. Ltd.
- GEMÜ Group
- Schneider Electric
- Buerkert
- Azbil Corporation
- Rotork
- ABB
- Siemens Ltd.
- General Electric
- Metso Corporation
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