Valve Positioner Market by Type (Digital, Pneumatic, Electro-pneumatic), Actuation (Single-acting, Double-acting), Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment, Chemical) and Region - Global Forecast to 2027
[207 Pages Report] The valve positioner market size is projected to grow from USD 1.8 billion in 2022 to USD 2.4 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2027.
The market growth is driven by factors including increasing urban population and growing number of industries in developing economies; and rising adoption of smart valve positioners in various plant operations. Additionally, the deployment of IIoT and rising awareness regarding digitalization, is expected to create growth opportunities during the forecast period. However, the lack of proper standardized norms, certifications, and governing policies and positioner overshoot and oversized valves hinder the operation of control valves challenging the market growth.
Valve Positioner Market Forecast to 2027
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Valve Positioners Market Dynamics
Rising adoption of smart valve positioners in various plant operations
The use of Internet of Things (IoT), big data analytics, sensorization, artificial intelligence (AI), and machine learning changed many industries, such as oil & gas, chemicals, food & beverages, power & energy, and water & wastewater. Similarly, in the valve positioners industry , the use of smart or digital valve positioners has increased in the last few years compared to pneumatic and electro-pneumatic valve positioners. The reason being the digital valve positioner provides intelligent, versatile, reliable valve solution for valve control. The digital valve positioner not only controls the position of the valve but also perform various functions, such as it collects data about the valve, automatically alerting the users about the performance of the valves, and aiding in diagnostics and maintenance.
Lack of proper standardized norms, certifications, and governing policies
The manufacturers of valve positioners need to adhere to certain norms and regulations. Different regions have different certifications and policies with respect to valve positioner manufacturing. These certifications and policies vary based on different applications, industries, and respective regions. This factor creates diversity in demand due to the wide applicability of valve positioners in various industries, such as oil & gas, food & beverages, pharmaceuticals, energy & power, water & wastewater, building & construction, chemicals, and paper & pulp. Such diversity acts as a restraining factor as industry players have to amend the same product based on regional policies. The lack of proper standardized norms and certification creating issues while integrating the valve positioners with the field devices such as control valves.
Deployment of IIoT and rising awareness regarding digitalization
Recent developments in data science, communications, and computing power have enabled companies to begin leveraging the Industrial Internet of Things. To reduce valve-related unplanned downtimes., IIoT enables valve experts to remotely monitor the health of valves in a plant to ensure better valve performance. Valve assemblies equipped with sensors and connected through IIoT can help industry players reduce maintenance and shutdown costs by monitoring valve parameters, thereby driving the adoption of IIoT and valve positioners. Factories and industrial plants, including chemical, pulp & paper, and water & wastewater treatment plants, have seen the benefits of remote-control valve monitoring. With remote monitoring solution integrated into a manufacturing plant, the positions of all valves in a factory can be monitored in real-time. Hence the adoption of digitalization improves the valve positioners market.
Positioner overshoot and oversized valves hinder the operation of control valves
The positioner overshoot can happen due to faulty positioners. In the case of positioner overshoot and dynamic modulation of the process controller, major oscillations of the control loop can occur. This affects the control valve assembly and overall control valve performance. Similarly, the other challenge is the oversize of the control valves, which are less flexible in adjusting the controller. In general, the valve size should be that much; it can obtain about 70-90% of travel depending on the valve characteristic curve and the service conditions. However, control valves are sized too large for the flow rates they need to control. Therefore, a small change in valve position has a large effect on flow which leads to poor control performance due to the valve positioning errors such as stiction, and the dead band is amplified by the oversized valve.
Digital Valve Positioner contribute largest market share throughout the forecast period
The usage of digital valve positioners also known as smart valve positioners has grown in recent times due to the increasing adoption of automated solutions in the process industry. These smart valve positioners use microprocessors to convert the electrical signals into the air pressure signal to position the actuator correctly. The introduction of digital valve positioners is to improve plant efficiency and process uptime with the introduction of online valve diagnostics. Therefore, the adoption of digitalization is increasing the demand of digital valve positioner in the process industry.
Water & wastewater treatment industry to grow at the highest CAGR between 2022 and 2027
The demand for water management is likely to increase significantly in the coming years to overcome the issue of water scarcity. In addition to the agricultural sector, which is responsible for 70% of water abstractions worldwide, a high increase in the demand for water can be witnessed for industries and energy production. Accelerated urbanization and the expansion of municipal water supply and sanitation systems contribute to the rising demand for water. Owing to these factors, the valve positioner market has significant growth prospects in emerging economies such as China, India, and Brazil.This will further boost the demand for control valves in the industry.
Market in Asia Pacific to grow significantly during the forecast period
Asia Pacific is expected to be the fastest-growing market for valve positioners as the region is characterized by the growing population, increasing standards of living, and developing economies that have led to the rising demand for energy in Asia Pacific. As per the BP Statistical Review of World Energy 2019, Asia Pacific could drive approximately 65% of the global energy demand by 2035; China and India are collectively expected to fulfill 40% of the demand. It has been observed that oil and gas companies from the Americas and Europe are starting to invest in the Asia Pacific region to cater to the growing energy demand. The increasing demand for electricity would lead to the development of the energy sector, which includes oil & gas, and power. This, in turn, would generate a demand for valve automation solutions, such as digital positioners, in the region.
Valve Positioner Market by Region
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Key Market Players In Valve Positioner Market
The Valve Positioner companies such as Emerson Electric Co. (US), ABB (Switzerland), Flowserve Corporation (US), Siemens AG (Germany), Schneider Electric (France), SMC (Japan), Azbil Corporation (Japan), Baker Hughes Company (US), Rotork plc (UK), Valmet (Finland), Samson AG (Germany), VRG Controls (US), Festo Inc. (Germany), Badger Meter, Inc. (US), ControlAir (US), Crane Co. (US), Christian Burkert GmbH & Co. KG (Germany), GEMU Group (Germany), Dwyer Instruments LTD (US), Valve Related Controls, Inc (US), Power-Genex Ltd. (South Korea), Val Controls (Denmark), Bray International (US), Nihon KOSO Co., Ltd. (Japan), Spirax-Sarco Limited (UK).
Valve Positioner Market Reports Scope
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Report Metric |
Details |
| Market Size Value in 2022 | USD 1.8 Billion |
| Revenue Forecast in 2027 | USD 2.4 Billion |
| Growth Rate | 5.6% |
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Market size available for years |
2018—2027 |
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Base year |
2021 |
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Forecast period |
2022—2027 |
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Units |
Value (USD Million/USD Billion), Volume (Million Units) |
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Segments covered |
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Regions covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
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| Top Companies in North America |
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| Largest Growing Region | Asia Pacific |
| Largest Market Share Segment | Digital Valve Positioner |
| Highest CAGR Segment | Water & wastewater treatment industry |
Valve Positioner Market Highlights
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Aspect |
Details |
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Valve Positioner Market, By Type: |
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Valve Positioner Market, By Actuation: |
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Valve Positioners Market, By industry: |
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Valve Positioners Market, By Geography: |
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Recent Developments In Valve Positioner Market
- In April 2022, Emerson Electric Co.released the TopWorxTM PD Series smart valve positioner, which will extend the TopWorx sensing and control products. The PD series of smart valve positioners provide complete control over the valve positioner and integrates communication with 4-20 mA loop signal.
- In March 2022, Flowserve Corporation entered into an agreement with Gradiant (US), a global manufacturer and provider of cleantech water project for water treatment, to help address the most challenging problems in water and wastewater treatment.
- In February 2021, Flowserve Corporation launched a low-cost Logix 3800e digital positioner. The positioner is designed to use with control valves and is available with multiple housing options used for a broad range of applications..
- In October 2020, Baker Hughes Company launched next-generation SVI3 digital valve positioners designed to improve plant efficiency and process uptime with the introduction of online valve diagnostics.
Key Questions Addressed by the Report
Which are the major companies in the valve positioner market? What are their major strategies to strengthen their market presence?
Emerson Electric Co. (US), ABB (Switzerland), Flowserve Corporation (US), Siemens AG (Germany), Schneider Electric (France), SMC (Japan), Azbil Corporation (Japan). These companies have adopted organic as well as inorganic growth strategies such as product launches, and partnerships to gain competitive advantage in the market.
Which is the potential market for valve positioner in terms of the region?
Asia Pacific is the region with high growth opportunities owing to the presence of countries such as China and South Korea, India, Australia. Growing population, increasing standards of living, and developing economies facilitate growth to the market.
What are the opportunities for new market entrants?
Deployment of IIoT and rising awareness regarding digitalizationis one of the emerging concepts and new trends in the valve positioner market.
Which industry are expected to drive the growth of the market in the next six years?
Oil & Gas, Water & wastewater treatment, energy & power and chemical are those industry with the highest opportunities for valve positioner adaption.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 VALVE POSITIONER MARKET: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
FIGURE 2 VALVE POSITIONER MARKET: GEOGRAPHIC SEGMENTATION
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 3 VALVE POSITIONER MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 List of key primary interview participants
2.1.3.3 Breakdown of primaries
2.1.3.4 Key data from primary sources
2.1.3.5 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market share using bottom-up analysis (demand side)
FIGURE 4 VALVE POSITIONER MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to capture market share using top-down analysis (supply side)
FIGURE 5 VALVE POSITIONER MARKET: TOP-DOWN APPROACH
FIGURE 6 VALVE POSITIONER MARKET: SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 41)
FIGURE 8 VALVE POSITIONER MARKET, 2018–2027 (USD MILLION)
FIGURE 9 DIGITAL POSITIONERS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
FIGURE 10 SINGLE-ACTING POSITIONERS TO HOLD LARGEST MARKET SHARE IN 2027
FIGURE 11 WATER & WASTEWATER TREATMENT INDUSTRY TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES FROM 2022 TO 2027
FIGURE 12 ASIA PACIFIC EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY PLAYERS IN VALVE POSITIONER MARKET
FIGURE 13 RISING ADOPTION OF SMART VALVE POSITIONERS IN VARIOUS PLANT OPERATIONS IN PROCESS INDUSTRIES TO BOOST MARKET GROWTH
4.2 VALVE POSITIONER MARKET, BY TYPE
FIGURE 14 DIGITAL POSITIONERS TO HOLD LARGER MARKET SIZE IN 2027
4.3 VALVE POSITIONER MARKET IN ASIA PACIFIC, BY INDUSTRY AND COUNTRY
FIGURE 15 ENERGY & POWER AND CHINA TO ACCOUNT FOR LARGEST MARKET SHARES IN ASIA PACIFIC IN 2027
4.4 VALVE POSITIONER MARKET, BY COUNTRY
FIGURE 16 US TO HOLD LARGEST SIZE OF VALVE POSITIONER MARKET IN 2027
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 VALVE POSITIONER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
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
FIGURE 18 GLOBAL TREND OF PRIMARY ENERGY CONSUMPTION (IN MTOE)
5.2.1.3 Rising adoption of smart valve positioners in various plant operations
5.2.1.4 Increasing urban population and growing number of industries in emerging economies
FIGURE 19 MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardized norms, certifications, and governing policies
FIGURE 20 VALVE POSITIONER MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Deployment of IIoT and rising awareness regarding digitalization
5.2.3.2 Focus of industry players on offering improved customer service
FIGURE 21 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Positioner overshoot and oversized valves hinder operation of control valves
FIGURE 22 MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS
5.4 ECOSYSTEM ANALYSIS
FIGURE 24 MARKET: ECOSYSTEM ANALYSIS
TABLE 1 MARKET: ECOSYSTEM
5.5 PRICING ANALYSIS
TABLE 2 INDICATIVE PRICES OF VALVE POSITIONERS
5.5.1 AVERAGE SELLING PRICES OF DIFFERENT TYPES OF VALVE POSITIONERS OFFERED BY KEY PLAYERS
FIGURE 25 AVERAGE SELLING PRICES OF DIFFERENT TYPES OF VALVE POSITIONERS OFFERED BY KEY PLAYERS
TABLE 3 AVERAGE SELLING PRICES OF DIFFERENT TYPES OF VALVE POSITIONERS OFFERED BY KEY PLAYERS (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN VALVE POSITIONER MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 DIGITALIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES INTO INDUSTRIAL VALVES
5.7.2 IMPACT OF IOT ON PROCESS INDUSTRIES
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 IMPACT OF PORTER’S FIVE FORCES ON VALVE POSITIONER MARKET, 2021
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS ON BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
TABLE 6 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
5.10 CASE STUDIES
TABLE 7 MITSUBISHI CHEMICAL CORPORATION USED CLOUD-BASED SERVICES WITH SMART VALVE POSITIONERS TO IMPROVE PLANT OPERATION
TABLE 8 SIEMENS AG USED PS2 DIGITAL VALVE POSITIONER ON FEEDWATER VALVE AND START-UP VALVE IN POWER PLANT
TABLE 9 AZBIL CORPORATION VALVE POSITIONER REDUCED MAINTENANCE WORKLOAD OF AN EASTERN PETROCHEMICAL COMPANY (SHARQ)
5.11 TRADE ANALYSIS
FIGURE 29 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 30 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 10 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
TABLE 11 LIST OF FEW PATENTS IN VALVE POSITIONER MARKET, 2020–2022
5.13 KEY CONFERENCES & EVENTS, 2022–2023
TABLE 12 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 REGULATIONS & STANDARDS
5.14.1 STANDARDS
TABLE 13 STANDARDS FOR VALVE POSITIONER MARKET
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6 VALVE POSITIONER MARKET, BY TYPE (Page No. - 74)
6.1 INTRODUCTION
FIGURE 33 DIGITAL POSITIONERS EXPECTED TO GROW AT FASTEST RATE DURING FORECAST PERIOD
TABLE 18 VALVE POSITIONER MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 19 MARKET, BY TYPE, 2022–2027 (USD MILLION)
6.2 PNEUMATIC POSITIONERS
6.2.1 PNEUMATIC POSITIONERS ENSURE ACCURATE OPERATION OF CONTROL VALVES DEALING WITH PNEUMATIC SIGNALS
FIGURE 34 WORKING PRINCIPLE OF PNEUMATIC POSITIONERS
6.3 ELECTRO-PNEUMATIC POSITIONERS
6.3.1 FEATURES OF ELECTRO-PNEUMATIC POSITIONERS MAKE THEM WIDELY ADOPTED ACROSS INDUSTRIES
FIGURE 35 SALIENT FEATURES OF ELECTRO-PNEUMATIC POSITIONER
6.4 DIGITAL POSITIONERS
6.4.1 DIGITAL POSITIONERS WIDELY PREFERRED OVER ANALOG POSITIONERS
FIGURE 36 ADVANTAGES OF DIGITAL POSITIONERS
7 VALVE POSITIONER MARKET, BY ACTUATION (Page No. - 79)
7.1 INTRODUCTION
FIGURE 37 SINGLE-ACTING POSITIONERS EXPECTED TO LEAD VALVE POSITIONER MARKET DURING FORECAST PERIOD
TABLE 20 MARKET, BY ACTUATION, 2018–2021 (USD MILLION)
TABLE 21 MARKET, BY ACTUATION, 2022–2027 (USD MILLION)
7.2 SINGLE-ACTING POSITIONERS
7.2.1 SINGLE-ACTING POSITIONERS ACCOUNT FOR LARGER MARKET SHARE COMPARED WITH DOUBLE-ACTING POSITIONERS
FIGURE 38 SCHEMATIC OF SINGLE-ACTING POSITIONERS
7.3 DOUBLE-ACTING POSITIONERS
7.3.1 DOUBLE-ACTING POSITIONERS HAVE COMPLEX WORKING MECHANISMS COMPARED WITH SINGLE-ACTING POSITIONERS
FIGURE 39 SCHEMATIC OF DOUBLE-ACTING POSITIONERS
8 VALVE POSITIONER MARKET, BY INDUSTRY (Page No. - 83)
8.1 INTRODUCTION
FIGURE 40 VALVE POSITIONER MARKET, BY INDUSTRY
FIGURE 41 WATER & WASTEWATER TREATMENT INDUSTRY EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 22 MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 23 MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
8.2 OIL & GAS
8.2.1 MINIMIZE DAILY MAINTENANCE WORK IN OIL & GAS PLANTS
FIGURE 42 GLOBAL TREND OF OIL PRODUCTION (THOUSAND BARRELS DAILY)
TABLE 24 OIL & GAS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 OIL & GAS: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 26 OIL & GAS: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 27 OIL & GAS: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 28 OIL & GAS: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 29 OIL & GAS: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 30 OIL & GAS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 31 OIL & GAS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 32 OIL & GAS: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 OIL & GAS: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.3 WATER & WASTEWATER TREATMENT
8.3.1 SUPPORT EFFECTIVE MANAGEMENT AND UTILIZATION OF WATER
TABLE 34 WATER & WASTEWATER TREATMENT: VALVE POSITIONER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 WATER & WASTEWATER TREATMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 36 WATER & WASTEWATER TREATMENT: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 37 WATER & WASTEWATER TREATMENT: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 38 WATER & WASTEWATER TREATMENT: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 39 WATER & WASTEWATER TREATMENT: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 40 WATER & WASTEWATER TREATMENT: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 41 WATER & WASTEWATER TREATMENT: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 42 WATER & WASTEWATER TREATMENT: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 43 WATER & WASTEWATER TREATMENT: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.4 ENERGY & POWER
8.4.1 HELP CONTROL VALVES PERFORM BETTER IN POWER STATIONS
TABLE 44 ENERGY & POWER: VALVE POSITIONER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 45 ENERGY & POWER: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 46 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 48 ENERGY & POWER: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 49 ENERGY & POWER: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 50 ENERGY & POWER: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 51 ENERGY & POWER: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 52 ENERGY & POWER: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 53 ENERGY & POWER: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.5 CHEMICAL
8.5.1 SUSTAINABLE DEVELOPMENT OF CHEMICAL INDUSTRY FUELS GROWTH OF MARKET
TABLE 54 CHEMICAL: VALVE POSITIONERS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 55 CHEMICAL: VALVE POSITIONERS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 56 CHEMICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 57 CHEMICAL: VALVE POSITIONERS MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 58 CHEMICAL: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 59 CHEMICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 60 CHEMICAL: VALVE POSITIONERS MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 61 CHEMICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 62 CHEMICAL: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 63 CHEMICAL: VALVE POSITIONERS MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.6 PAPER & PULP
8.6.1 HELP PREDICTIVE MAINTENANCE OF EQUIPMENT USED IN PAPER AND PULP MANUFACTURING
TABLE 64 PAPER & PULP: VALVE POSITIONER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 65 PAPER & PULP: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 66 PAPER & PULP: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 67 PAPER & PULP: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 68 PAPER & PULP: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 69 PAPER & PULP: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 70 PAPER & PULP: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 71 PAPER & PULP: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 72 PAPER & PULP: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 73 PAPER & PULP: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.7 PHARMACEUTICAL
8.7.1 WATCH FLOW CONTROL OF PROCESSES IN PHARMACEUTICAL INDUSTRY
TABLE 74 PHARMACEUTICAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 PHARMACEUTICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 76 PHARMACEUTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 77 PHARMACEUTICAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 78 PHARMACEUTICAL: ARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 79 PHARMACEUTICAL: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 80 PHARMACEUTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 81 PHARMACEUTICAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 82 PHARMACEUTICAL: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 83 PHARMACEUTICAL: VALVE POSITIONER MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.8 METALS & MINING
8.8.1 RISING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGES USE OF VALVE POSITIONERS IN METALS & MINING INDUSTRY
TABLE 84 METALS & MINING: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 85 METALS & MINING: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 86 METALS & MINING: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 87 METALS & MINING: ARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 88 METALS & MINING: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 89 METALS & MINING: VALVE POSITIONER MARKET IN EUROPE, 2022–2027 (USD MILLION)
TABLE 90 METALS & MINING: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 91 METALS & MINING: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 92 METALS & MINING: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 93 METALS & MINING: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.9 FOOD & BEVERAGE
8.9.1 OFFER MONITORING AND SELF-DIAGNOSIS OF FERMENTATION PROCESS
TABLE 94 FOOD & BEVERAGE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 95 FOOD & BEVERAGE: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 96 FOOD & BEVERAGE: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 97 FOOD & BEVERAGE: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 98 FOOD & BEVERAGE: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 99 FOOD & BEVERAGE: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 100 FOOD & BEVERAGE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 101 FOOD & BEVERAGE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 102 FOOD & BEVERAGE: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 FOOD & BEVERAGE: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
8.10 OTHERS
TABLE 104 OTHERS: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 105 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 106 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 107 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 108 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 109 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 110 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 111 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 112 OTHERS: MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 113 OTHERS: MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
9 VALVE POSITIONER MARKET, BY REGION (Page No. - 121)
9.1 INTRODUCTION
FIGURE 43 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 114 VALVE POSITIONERS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 115 MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: VALVE POSITIONER MARKET SNAPSHOT
TABLE 116 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 117 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 118 NORTH AMERICA: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 119 NORTH AMERICA: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
9.2.1 US
9.2.1.1 Oil & gas industry to drive growth of market in US
9.2.2 CANADA
9.2.2.1 Need for strong heating and HVAC applications to boost market in Canada
9.2.3 MEXICO
9.2.3.1 Growing process industry to help enhance market in Mexico
9.3 EUROPE
FIGURE 45 EUROPE: MARKET SNAPSHOT
TABLE 120 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 121 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 122 EUROPE: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 123 EUROPE: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
9.3.1 UK
9.3.1.1 Water & wastewater treatment industry to support valve positioners market in UK
9.3.2 GERMANY
9.3.2.1 Growing process industries and valve market in Germany to encourage valve positioners market
9.3.3 FRANCE
9.3.3.1 Nuclear plants to drive demand for valve positioners in France
9.3.4 REST OF EUROPE
9.4 ASIA PACIFIC
FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 124 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 125 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 126 ASIA PACIFIC: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 127 ASIA PACIFIC: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
9.4.1 CHINA
9.4.1.1 Medium-sized players to support export of valve-related products in country
9.4.2 JAPAN
9.4.2.1 Reintegration of nuclear plants likely to boost growth of valve positioner market in Japan
9.4.3 INDIA
9.4.3.1 Growing demand for energy & power and effective water management to propel growth of market in India
9.4.4 REST OF ASIA PACIFIC
9.5 REST OF THE WORLD (ROW)
TABLE 128 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 129 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 130 ROW: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 131 ROW: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
9.5.1 MIDDLE EAST & AFRICA
9.5.1.1 Oil & gas industry to uplift valve positioner market in Middle East
9.5.2 SOUTH AMERICA
9.5.2.1 Brazil contributes significantly to growth of market in South America
10 COMPETITIVE LANDSCAPE (Page No. - 138)
10.1 OVERVIEW
10.2 TOP 5 COMPANY REVENUE ANALYSIS
FIGURE 47 VALVE POSITIONER MARKET: REVENUE ANALYSIS OF 5 KEY PLAYERS, 2017–2021
10.3 MARKET SHARE ANALYSIS, 2021
TABLE 132 MARKET SHARE ANALYSIS (2021)
10.4 COMPETITIVE LEADERSHIP MAPPING, 2021
10.4.1 STARS
10.4.2 EMERGING LEADERS
10.4.3 PERVASIVE PLAYERS
10.4.4 PARTICIPANTS
FIGURE 48 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
10.4.5 MARKET: COMPANY FOOTPRINT
TABLE 133 COMPANY FOOTPRINT
TABLE 134 POSITIONER-TYPE FOOTPRINT OF COMPANIES
TABLE 135 INDUSTRY FOOTPRINT OF COMPANIES
TABLE 136 REGIONAL FOOTPRINTS OF COMPANIES
10.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2021
10.5.1 PROGRESSIVE COMPANIES
10.5.2 RESPONSIVE COMPANIES
10.5.3 DYNAMIC COMPANIES
10.5.4 STARTING BLOCKS
FIGURE 49 VALVE POSITIONER MARKET, SME EVALUATION QUADRANT, 2021
10.5.5 SMES EVALUATION MATRIX
TABLE 137 MARKET: DETAILED LIST OF KEY SMES
TABLE 138 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
10.6 COMPETITIVE SCENARIO AND TRENDS
10.6.1 PRODUCT LAUNCHES
TABLE 139 MARKET: PRODUCT LAUNCHES, JUNE 2019–APRIL 2022
10.6.2 DEALS
TABLE 140 MARKET: DEALS, SEPTEMBER 2019–MARCH 2022
10.6.3 OTHERS
TABLE 141 MARKET: OTHERS, NOVEMBER 2020
11 COMPANY PROFILES (Page No. - 152)
11.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions offered, Recent Developments, and MnM View)*
11.1.1 EMERSON ELECTRIC CO.
TABLE 142 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
FIGURE 50 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 143 EMERSON ELECTRIC CO.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.2 ABB
TABLE 144 ABB: COMPANY OVERVIEW
FIGURE 51 ABB: COMPANY SNAPSHOT
TABLE 145 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.3 FLOWSERVE CORPORATION
TABLE 146 FLOWSERVE CORPORATION: COMPANY OVERVIEW
FIGURE 52 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
TABLE 147 FLOWSERVE CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.4 SIEMENS AG
TABLE 148 SIEMENS AG: COMPANY OVERVIEW
FIGURE 53 SIEMENS AG: COMPANY SNAPSHOT
TABLE 149 SIEMENS AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.5 SCHNEIDER ELECTRIC
TABLE 150 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 151 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.6 SMC
TABLE 152 SMC: COMPANY OVERVIEW
FIGURE 55 SMC: COMPANY SNAPSHOT
TABLE 153 SMC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.7 AZBIL CORPORATION
TABLE 154 AZBIL CORPORATION: COMPANY OVERVIEW
FIGURE 56 AZBIL CORPORATION: COMPANY SNAPSHOT
TABLE 155 AZBIL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.8 BAKER HUGHES COMPANY
TABLE 156 BAKER HUGHES COMPANY: COMPANY OVERVIEW
FIGURE 57 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
TABLE 157 BAKER HUGHES COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.9 ROTORK PLC
TABLE 158 ROTORK PLC: COMPANY OVERVIEW
FIGURE 58 ROTORK PLC: COMPANY SNAPSHOT
TABLE 159 ROTORK PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.10 VALMET (NELES CORPORATION)
TABLE 160 VALMET: COMPANY OVERVIEW
FIGURE 59 VALMET (NELES CORPORATION): COMPANY SNAPSHOT
TABLE 161 VALMET: PRODUCTS/SERVICES/SOLUTIONS OFFERED
* Business Overview, Products/Services/Solutions offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
11.2.1 SAMSON AG
TABLE 162 SAMSON AG: COMPANY OVERVIEW
11.2.2 VRG CONTROLS
TABLE 163 VRG CONTROLS: COMPANY OVERVIEW
11.2.3 FESTO INC.
TABLE 164 FESTO INC.: COMPANY OVERVIEW
11.2.4 BADGER METER, INC.
TABLE 165 BADGER METER, INC.: COMPANY OVERVIEW
11.2.5 CONTROLAIR
TABLE 166 CONTROLAIR: COMPANY OVERVIEW
11.2.6 CRANE CO.
TABLE 167 CRANE CO.: COMPANY OVERVIEW
11.2.7 CHRISTIAN BÜRKERT GMBH & CO. KG
TABLE 168 CHRISTIAN BÜRKERT GMBH & CO. KG: COMPANY OVERVIEW
11.2.8 GEMU GROUP
TABLE 169 GEMU GROUP: COMPANY OVERVIEW
11.2.9 DWYER INSTRUMENTS LTD
TABLE 170 DWYER INSTRUMENTS LTD: COMPANY OVERVIEW
11.2.10 VALVE RELATED CONTROLS, INC
TABLE 171 VALVE RELATED CONTROLS, INC: COMPANY OVERVIEW
11.2.11 POWER-GENEX LTD.
TABLE 172 POWER-GENEX LTD.: COMPANY OVERVIEW
11.2.12 VAL CONTROLS
TABLE 173 VAL CONTROLS: COMPANY OVERVIEW
11.2.13 BRAY INTERNATIONAL
TABLE 174 BRAY INTERNATIONAL: COMPANY OVERVIEW
11.2.14 NIHON KOSO CO., LTD.
TABLE 175 NIHON KOSO CO., LTD.: COMPANY OVERVIEW
11.2.15 SPIRAX-SARCO LIMITED
TABLE 176 SPIRAX-SARCO LIMITED.: COMPANY OVERVIEW
12 ADJACENT & RELATED MARKETS (Page No. - 198)
12.1 INTRODUCTION
12.2 ADJACENT MARKET LIMITATIONS
12.3 INDUSTRIAL VALVES MARKET, BY FUNCTION
TABLE 177 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)
TABLE 178 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)
12.3.1 ON/OFF VALVES
12.3.1.1 On/off valves accounted for larger market share in 2020
12.3.2 CONTROL VALVES
12.3.2.1 Control valves to witness significant growth during forecast period
13 APPENDIX (Page No. - 201)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involved four major activities in estimating the size of the valve positioner market. 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 value chains through primary research. The bottom-up and top-down approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements, press releases); trade, business, and professional associations; white papers, valve positioner-related journals, and certified publications; articles by recognized authors; gold and silver standard websites; and directories.
Secondary research was mainly conducted to obtain key information about the market value chain, the industry supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments from both markets- and technology-oriented perspectives. Data from secondary research was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the valve positioner market through secondary research. Several primary telephonic interviews have been conducted with key opinion leaders from the demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). Moreover, questionnaires and emails were also used to collect the data.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In this report, for the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate, forecast, and validate the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out to list the key information/insights pertaining to the valve positioner market.
Major players in the valve positioner market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. The entire research methodology included the study of annual and financial reports of top players and interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Valve positioner Market: Bottom-Up Approach
- Identifying industries that are either using or will use valve positioners.
- Tracking leading companies and system integrators operating across various industries
- Deriving the size of the valve positioner market through the data sanity method; analyzing revenues of more than 20 key providers through their annual reports and press releases and summing them up to estimate the overall market size
- Conducting multiple discussions with key opinion leaders to understand the demand for valve positioners and analyzing the breakup of the scope of work carried out by each major company
- Carrying out the market trend analysis to obtain the CAGR of the valve positioner market by understanding the product penetration rate in each industry and analyzing the demand and supply of valve positioners in different industries.
- Assigning a percentage to the overall revenue or, in a few cases, to segmental revenues of each company to derive their revenues from the sales of different types of valve positioners. This percentage for each company was assigned based on their product portfolios.
- Verifying and crosschecking estimates at every level through discussions with key opinion leaders, including CXOs, directors, and operation managers, and with domain experts at MarketsandMarkets
- Studying various paid and unpaid information sources such as annual reports, press releases, white papers, and databases
Valve positioner Market: Top-Down Approach
- MarketsandMarkets focuses on the top-line expenditures and investments made throughout the valve positioner ecosystem to manufacture new equipment/systems and retrofit the existing ones.
- The information related to revenues generated by key manufacturers and service providers of valve positioners was studied and analyzed.
- Multiple on-field discussions were carried out with key opinion leaders of leading companies involved in the manufacturing and services of valve positioners.
- The geographical split was estimated using secondary sources based on various factors, such as the number of players in a specific country or region and the types of valve positioners provided by these players.
Data Triangulation
After arriving at the overall size of the valve positioner market from the estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the valve positioner 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, Asia Pacific, and the 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 of the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
- Detailed analysis and profiling of additional market players
Growth opportunities and latent adjacency in Valve Positioner Market