Valve Positioners Market

Valve Positioners Market by Type (Electro-Pneumatic, Pneumatic, Digital), Actuation (Single-Acting, Double-Acting), Industry (Oil & Gas, Power, Water & Wastewater, Chemicals, Food & Beverages), and Geography - Global Forecast to 2024

Report Code: SE 7307 Aug, 2019, by marketsandmarkets.com

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.

Valve Positioners Market

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.

APAC is expected to account for the largest market size during the forecast period

Water is one of the largest required natural resources in APAC. Owing to the increase in the urban population in APAC, there is a high demand for new and improved wastewater treatment systems. Therefore, there is a growing recognition of water as a resource for various purposes in manufacturing and agriculture. This has generated an increasing need for proper utilization of water resource and growing demand for water and wastewater treatment techniques for water reuse. This can be achieved by using valve positioners in control valve assemblies.

Valve Positioners Market

Key Market Players

The major players in valve positioners market include Emerson Electric (US), Siemens (Germany), Baker Hughes (US), ABB (Switzerland), Schneider (France), Flowserve (US), Metso (Finland), Azbil (Japan), and Rotork (UK). These players operate globally and provide valve positioners and related accessories.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Type, Actuation, Industry, and Region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

Emerson Electric (US), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Baker Hughes (US), Flowserve (US), Metso (Finland), Rotork (UK)
Total 25 major players covered

In this report, the valve positioners market has been segmented based on type, actuation, industry, and region.

Valve Positioners Market, by Type:

  • Electro-Pneumatic
  • Pneumatic
  • Digital

Valve Positioners Market, by Actuation:

  • Single-Acting
  • Double-Acting

Valve Positioners Market, by Industry:

  • Oil & Gas
  • Energy & Power
  • Water & Wastewater
  • Metals & Mining
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals
  • Pulp & Paper
  • Others

Valve Positioners Market, by Geography:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Key Questions Addressed by the Report:

  • Which type of valve positioner would have the highest demand in the near future?
  • Which industries prefer valve positioners?
  • What are the opportunities and challenges for the market?
  • What are the key industry trends in the market?
  • Which specific region has the highest installed base of valve positioners?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Valve Positioner Market Opportunities
    4.2 Market, By Type (2019–2024)
    4.3 Market, By Actuation
    4.4 Market in RoW, By Region
    4.5 Market, By Industry and Geography

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Importance of Monitoring and Control in Process Industries for Efficient Output
                    5.2.1.2 Rising Demand for Fuel and Power
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardized Norms and Governing Policies
           5.2.3 Opportunities
                    5.2.3.1 Deployment of Iiot and Rising Awareness Regarding Digitalization
           5.2.4 Challenges
                    5.2.4.1 Positioner Overshoot Hinders the Operation of Control Valves
                    5.2.4.2 Keeping Pace With Advancements in Iiot and Digitalization

6 Valve Positioner Market, By Type (Page No. - 35)
    6.1 Introduction
    6.2 Pneumatic Positioner
           6.2.1 Pneumatic Positioner Ensures Accurate Operation of Control Valves Dealing With Pneumatic Signals
    6.3 Electro-Pneumatic Positioner
           6.3.1 Key Features of Electro-Pneumatic Positioner Make It Widely Adopted Across Industries
    6.4 Digital Positioner
           6.4.1 Digital Positioners are Widely Preferred Over Analog Positioners

7 Valve Positioner Market, By Actuation (Page No. - 40)
    7.1 Introduction
    7.2 Single-Acting Positioner
           7.2.1 Single-Acting Positioners Account for A Larger Market Share as Compared to Dual-Acting Positioners
    7.3 Double-Acting Positioner
           7.3.1 Double-Acting Positioner has A Comparatively Complex Working Mechanism

8 Valve Positioner Market, By Industry (Page No. - 44)
    8.1 Introduction
    8.2 Oil & Gas
           8.2.1 Digital Valve Positioners Minimize the Daily Maintenance Work in Oil & Gas Plants
    8.3 Water & Wastewater
           8.3.1 Valve Positioners Support Effective Management and Utilization of Water
    8.4 Energy & Power
           8.4.1 Valve Positioners Help Control Valves Perform Better in Power Stations
    8.5 Chemicals
           8.5.1 Sustainable Development of Chemicals Industry Fuels the Growth of the Valve Positioner Market
    8.6 Paper & Pulp
           8.6.1 Valve Positioners Help in Predictive Maintenance of Equipment Used in Paper and Pulp Manufacturing
    8.7 Pharmaceuticals
           8.7.1 Valve Positioners Keep A Watch Over the Flow Control of Processes in the Pharmaceuticals Industry
    8.8 Metals & Mining
           8.8.1 Rising Demand for Predictive Maintenance Encourages the Use of Valve Positioners in the Metals & Mining Industry
    8.9 Food & Beverages
           8.9.1 Valve Positioner Offers Monitoring and Self-Diagnosis of the Fermentation Process in the Food Industry
    8.10 Others

9 Valve Positioner Market, By Region (Page No. - 55)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Exxonmobil Placed Customized Pump Systems and Resourceful Positioner Packages for the Critical Functions of Its Floating Platforms
           9.2.2 Canada
                    9.2.2.1 Need for Strong Heating and Hvac Applications to Boost the Valve Positioner Market in Canada
           9.2.3 Mexico
                    9.2.3.1 Growing Process Industry to Help Enhance the Valve Positioner Market in Mexico
    9.3 Europe
           9.3.1 UK
                    9.3.1.1 Water & Wastewater Industry to Support the Valve Positioner Market in the UK
           9.3.2 Germany
                    9.3.2.1 Growing Process Industries and Valve Market in Germany Encouraging the Valve Positioner Market
           9.3.3 France
                    9.3.3.1 Nuclear Plants to Drive the Demand for Valve Positioners in France
           9.3.4 Rest of Europe
    9.4 APAC
           9.4.1 China
                    9.4.1.1 Medium-Sized Players to Support the Export of Valve-Related Products in the Country
           9.4.2 Japan
                    9.4.2.1 Reintegration of Nuclear Plants Likely to Boost the Growth of the Valve Positioner Market in Japan
           9.4.3 India
                    9.4.3.1 Growing Demand for Power and Effective Water Management to Propel the Growth of the Valve Positioner Market in India
           9.4.4 Rest of APAC
    9.5 Rest of the World (RoW)
           9.5.1 Middle East & Africa
                    9.5.1.1 Oil & Gas Industry to Uplift the Valve Positioner Market in the Middle East
           9.5.2 South America
                    9.5.2.1 Brazil is A Significant Contributor to the Growth of the Valve Positioner Market in South America

10 Competitive Landscape (Page No. - 87)
     10.1 Overview
     10.2 Competitive Analysis
             10.2.1 Ranking Analysis of Valve Positioner Market, 2018
     10.3 Competitive Leadership Mapping, 2018
             10.3.1 Visionary Leaders
             10.3.2 Innovators
             10.3.3 Dynamic Differentiators
             10.3.4 Emerging Companies

11 Company Profiles (Page No. - 90)
     11.1 Key Players
(Business Overview, Products Offered, SWOT Analysis, and MnM View)*
             11.1.1 Emerson Electric
             11.1.2 ABB
             11.1.3 Siemens
             11.1.4 Schneider Electric
             11.1.5 Flowserve
             11.1.6 SMC
             11.1.7 Azbil
             11.1.8 Baker Hughes
             11.1.9 Rotork
             11.1.10 Metso
* Business Overview, Products Offered, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.2 Other Players
             11.2.1 Samson Controls
             11.2.2 VRG Controls
             11.2.3 Festo
             11.2.4 Circor International
             11.2.5 ContRoLAir
             11.2.6 Crane
             11.2.7 Burkert
             11.2.8 Gemu Group
             11.2.9 Dwyer Instruments
             11.2.10 Valve Related Controls
             11.2.11 Power-Genex
             11.2.12 Val Controls
             11.2.13 Bray International
             11.2.14 Nihon Koso
             11.2.15 Spirax Sarco

12 Appendix (Page No. - 118)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (60 Tables)

Table 1 Valve Positioner Market, By Type, 2016–2024 (USD Million)
Table 2 Valve Positioner Market, By Actuation, 2016–2024 (USD Million)
Table 3 Valve Positioner Market, By Industry, 2016–2024 (USD Million)
Table 4 Valve Positioner Market for Oil & Gas, By Region, 2016–2024 (USD Million)
Table 5 Valve Positioner Market for Water & Wastewater, By Region, 2016–2024 (USD Million)
Table 6 Valve Positioner Market for Energy & Power, By Region, 2016–2024 (USD Million)
Table 7 Valve Positioner Market for Chemicals, By Region, 2016–2024 (USD Million)
Table 8 Valve Positioner Market for Paper & Pulp, By Region, 2016–2024 (USD Million)
Table 9 Valve Positioner Market for Pharmaceuticals, By Region, 2016–2024 (USD Million)
Table 10 Valve Positioner Market for Metals & Mining, By Region, 2016–2024 (USD Million)
Table 11 Valve Positioners Market for Food & Beverages, By Region, 2016–2024 (USD Million)
Table 12 Valve Positioner Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 13 Valve Positioner Market, By Region, 2016–2024 (USD Million)
Table 14 Valve Positioner Market in North America, By Country, 2016–2024 (USD Million)
Table 15 Valve Positioner Market for Us, By Industry, 2016–2024 (USD Million)
Table 16 North America Valve Positioners Market, By Industry, 2016–2024 (USD Million)
Table 17 North America Market for Oil & Gas, By Country, 2016–2024 (USD Million)
Table 18 North America Valve Positioners Market for Energy & Power, By Country, 2016–2024 (USD Million)
Table 19 North America Market for Water & Wastewater, By Country, 2016–2024 (USD Million)
Table 20 North America Valve Positioners Market for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 21 North America Market for Metals & Mining, By Country, 2016–2024 (USD Million)
Table 22 North America Valve Positioners Market for Chemicals, By Country, 2016–2024 (USD Million)
Table 23 North America Market for Pharmaceuticals, By Country, 2016–2024 (USD Million)
Table 24 North America Valve Positioners Market for Paper & Pulp, By Country, 2016–2024 (USD Million)
Table 25 North America Market for Other Industries, By Country, 2016–2024 (USD Million)
Table 26 Valve Positioner Market in Europe, By Country, 2016–2024 (USD Million)
Table 27 Europe Valve Positioners Market, By Industry, 2016–2024 (USD Million)
Table 28 Europe Market for Oil & Gas, By Country, 2016–2024 (USD Million)
Table 29 Europe Market for Energy & Power, By Country, 2016–2024 (USD Million)
Table 30 Europe Valve Positioners Market for Water & Wastewater, By Country, 2016–2024 (USD Million)
Table 31 Europe Market for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 32 Europe Market for Metals & Mining, By Country, 2016–2024 (USD Million)
Table 33 Europe Valve Positioners Market for Chemicals, By Country, 2016–2024 (USD Million)
Table 34 Europe Market for Pharmaceuticals, By Country, 2016–2024 (USD Million)
Table 35 Europe Market for Paper & Pulp, By Country, 2016–2024 (USD Million)
Table 36 Europe Valve Positioner Market for Other Industries, By Country, 2016–2024 (USD Million)
Table 37 Valve Positioner Market in APAC, By Country 2016–2024 (USD Million)
Table 38 APAC Valve Positioners Market, By Industry, 2016–2024 (USD Million)
Table 39 APAC Valve Positioners Market for Oil & Gas, By Country, 2016–2024 (USD Million)
Table 40 APAC Valve Positioner Market for Energy & Power, By Country, 2016–2024 (USD Million)
Table 41 APAC Valve Positioners Market for Water & Wastewater, By Country, 2016–2024 (USD Million)
Table 42 APAC Market for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 43 APAC Valve Positioners Market for Metals & Mining, By Country, 2016–2024 (USD Million)
Table 44 APAC Market for Chemicals, By Country, 2016–2024 (USD Million)
Table 45 APAC Valve Positioners Market for Pharmaceuticals, By Country, 2016–2024 (USD Million)
Table 46 APAC Market for Paper & Pulp, By Country, 2016–2024 (USD Million)
Table 47 APAC Valve Positioner Market for Other Industries, By Country, 2016–2024 (USD Million)
Table 48 Valve Positioner Market in RoW, By Region 2016–2024 (USD Million)
Table 49 RoW Valve Positioner Market, By Industry, 2016–2024 (USD Million)
Table 50 Middle East & Africa Valve Positioner Market, By Industry, 2016–2024 (USD Million)
Table 51 South America Valve Positioner Market, By Industry, 2016–2024 (USD Million)
Table 52 RoW Market for Oil & Gas, By Region, 2016–2024 (USD Million)
Table 53 RoW Market for Energy & Power, By Region, 2016–2024 (USD Million)
Table 54 RoW Market for Water & Wastewater, By Region, 2016–2024 (USD Million)
Table 55 RoW Valve Positioners Market for Food & Beverages, By Region, 2016–2024 (USD Million)
Table 56 RoW Valve Positioners Market for Metals & Mining, By Region, 2016–2024 (USD Million)
Table 57 RoW Valve Positioners Market for Chemicals, By Region, 2016–2024 (USD Million)
Table 58 RoW Market for Pharmaceuticals, By Region, 2016–2024 (USD Million)
Table 59 RoW Market for Paper & Pulp, By Region, 2016–2024 (USD Million)
Table 60 RoW Market for Other Industries, By Region, 2016–2024 (USD Million)


List of Figures (50 Figures)

Figure 1 Valve Positioners Market: Research Design
Figure 2 Market: Bottom-Up Approach
Figure 3 Market: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 Valve Positioners Market Segmentation
Figure 8 Market, 2016–2024 (Value and Unit Shipment)
Figure 9 Market, By Industry, 2019 & 2024
Figure 10 By Type, Digital Positioner Held the Largest Market Share in 2018
Figure 11 By Actuation, Single-Acting Positioner to Exhibit Higher Growth Rate During the Forecast Period
Figure 12 APAC Expected to Witness the Highest CAGR From 2019 to 2024
Figure 13 Attractive Growth Opportunities in the Global Valve Positioner Market Between 2018 and 2024
Figure 14 Digital Valve Positioner to Dominate the Market During the Forecast Period
Figure 15 Single-Acting Positioner to Hold Largest Share of Valve Positioner Market in 2018
Figure 16 Middle East & Africa Captured Larger Market Share in 2018
Figure 17 APAC Estimated to Dominate Valve Positioner Market in 2019
Figure 18 DROCs: Valve Positioner Market
Figure 19 Global Trend of Primary Energy Consumption (In MTOE)
Figure 20 Digital Positioner Expected to Grow at the Highest Rate During the Forecast Period
Figure 21 Working Principle of Pneumatic Positioner
Figure 22 Salient Features of Electro-Pneumatic Positioner
Figure 23 Advantages of Digital Positioner
Figure 24 Single-Acting Positioner Expected to Lead Valve Positioner Market During the Forecast Period
Figure 25 Schematic of Single-Acting Positioner
Figure 26 Schematic of Double-Acting Positioner
Figure 27 Global Trend of Oil Production (Thousand Barrels Daily)
Figure 28 Water & Wastewater Industry Expected to Grow at the Highest CAGR During Forecast Period
Figure 29 APAC to Dominate the Market During the Forecast Period
Figure 30 US Estimated to Dominate the North American Market in 2018
Figure 31 North America: Valve Positioner Market Snapshot
Figure 32 Europe Valve Positioner Market, 2019 & 2024
Figure 33 Europe: Valve Positioner Market Snapshot
Figure 34 India to Exhibit Highest Growth in APAC Market From 2019 to 2024
Figure 35 APAC: Valve Positioner Market Snapshot
Figure 36 Middle East & Africa to Grow at Higher CAGR in RoW Market During the Forecast Period
Figure 37 RoW: Valve Positioner Market Snapshot
Figure 38 Trend of Oil Production in Middle East
Figure 39 Market Ranking of Top 5 Players in Valve Positioner Market, 2018
Figure 40 Valve Positioner Market (Global) Competitive Leadership Mapping, 2018
Figure 41 Emerson Electric: Company Snapshot
Figure 42 ABB: Company Snapshot
Figure 43 Siemens: Company Snapshot
Figure 44 Schneider Electric: Company Snapshot
Figure 45 Flowserve: Company Snapshot
Figure 46 SMC: Company Snapshot
Figure 47 Azbil: Company Snapshot
Figure 48 Baker Hughes: Company Snapshot
Figure 49 Rotork: Company Snapshot
Figure 50 Metso: Company Snapshot

The study involved four major activities in estimating the current market size for valve positioners. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data, triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as Factiva, Hoovers, and Avention have been referred to for the identification and collection of information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the scenario of valve positioners through secondary research. Several primary interviews have been conducted with market experts from both demand and supply sides across four major regions—North America, Europe, APAC, and RoW. Approximately 30% and 70% primary interviews have been conducted with parties from the demand and supply sides, respectively. The primary data has been collected through questionnaires, e-mails, and telephonic interviews.

The following figure shows the breakdown of primaries based on company type, designation, and region.

Valve Positioners Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global valve positioners market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through secondary research, and their market rankings in the respective regions have been determined through primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study objectives are as follows:

  • To describe and forecast the Valve Positioners market by type, actuation, industry, and geography, in terms of value
  • To forecast the market with respect to 4 main regions, namely, North America, Europe, APAC, and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding major factors, namely, drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies
  • To strategically analyze micro markets with respect to the individual growth trends, prospects, and contribution to the total market
  • To strategically profile key players and comprehensively analyze their market share and core competencies, along with detailing the competitive landscape for market leaders

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further country-wise breakdown of the market in the regions considered in RoW

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7307
Published ON
Aug, 2019
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