Product Code: RP-ID-10336551 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Industrial Automation & Equipment |
Report ID: 10336551
Market Overview:
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
Global Valve Positioner Market is valued approximately at USD 1.70 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2020-2027. A valve positioner is referred to the device used on actuators that are used in controlling the position of valves along with pipelines and other devices. It operates through electric signals and controls the position and movement of the actuators. It allows efficient flow and process control because it enhances the speed and accuracy of actuator response. Also, it ensures correction of positioning of the valve to enhance its performance. Due to such offerings of valve positioners, they are gaining significant demand from water and waste water industries to efficiently cope up with the excessive flow of water, thereby rapid growth in water and wastewater industries is driving the growth of market. For instance: According to the International Wastewater association, in Aqaba, wastewater flow rate is projected to 61,000 m3 /day by 2030 thereby tenders to expand treatment capacity is executed of about 70,000 m3 /day. Also, in Bangkok over 12,000 m3/day wastewater treatment capacity is initiated by 2030. In addition, rising demand for fuel and power industry is the factor driving the growth of market. However, lack of standardized norms and governing policies is the factor hampering the growth of market.
The regional analysis of global Valve Positioner Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the Need for Strong Heating and Hvac Applications in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing Demand for Power and Effective Water Management would create lucrative growth prospects for the Valve Positioner Market across Asia-Pacific region.
Major market player included in this report are:
Nihon Koso Co., Ltd.
GEMÜ Group
Schneider Electric
Buerkert
Azbil Corporation
Rotork
ABB
Siemens Ltd.
General Electric
Metso Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Valve Positioner Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Nihon Koso Co., Ltd.
GEMÜ Group
Schneider Electric
Buerkert
Azbil Corporation
Rotork
ABB
Siemens Ltd.
General Electric
Metso Corporation
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