The valve positioner market is projected to grow from USD 1.8 billion in 2022 to USD 2.4 billion in 2027; it is expected to grow at a CAGR of 5.6% from 2022 to 2027. The growth of the market is attributed to the increasing importance of monitoring and control in process industries for efficient output, increasing urban population, and the growing number of industries in developing economies.
Key players operating in the market include 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). Major strategies adopted by top players to enhance their product portfolios, provide services, increase their market share, and expand their presence in the market mainly include new product launches with the latest technology and innovation and deals, such as acquisitions and partnerships.
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Emerson Electric Co. is one of the leading providers of engineering and technology solutions. The company offers valve positioners through its Automation Solutions segment. It manufactures control valves, instrumentation valves, positioners, digital valve controllers, transducers, pneumatic process controllers, actuators, regulators, and controller instrument accessories under this segment. The range of products offered by the company includes both single-acting and double-acting pneumatic, digital positioners, and electro-pneumatic positioners for several applications in industries such as energy & power, chemical, food & beverage, oil & gas, pulp & paper, and water & wastewater treatment. The company has a vast product portfolio of valves positioners and has showcased consistent growth in the valves positioner market by helping its customers accomplish superior projects and achieve operational efficiencies through its extensive product portfolio of valve positioners, which enable it to respond to market challenges and grab opportunities in multiple industries. The company is leveraging additive manufacturing technology to create innovative valve positioner designs and solutions to stay competitive in the market.
ABB offers pneumatic, electro-pneumatic, and digital valve positioners. The company offers a series of valve positioners, such as conventional positioners and digital positioners as well as supplies I/P converters. ABB is a well-known brand for power and automation technology and continuously conducts extensive R&D activities on its products and services to remain the market leader in all the products offered by the company. The company has a broad product portfolio and a strong employee base. These factors have a positive impact on the company’s revenue, as well as its brand value. ABB focuses on continuous innovation and the development of new technologies for integration with its products to provide additional benefits, such as increased performance, high quality, robustness, reliability, and low cost of the products.
Siemens AG is a technological group focusing on automation and digitalization in the process and manufacturing industries, smart mobility solutions for rail and road, medical technologies, healthcare services, and energy systems. Siemens AG is a group of companies where Siemens AG works as a parent company, and others are its subsidiaries. The company operates through four segments¯ Digital Industries, Smart Infrastructures, Mobility, and Siemens Healthineers. The company offers valve positioners under the Digital Industries segment. Under the Digital Industries segment, the automation division of the company is responsible for designing and producing various types of industrial automation, process automation, and instrumentation products and solutions. This division comprises temperature, pressure, weight, flow, and level measurement systems and positioners. Siemens offers different types of valve positioners, such as conventional positioners and electro-pneumatic positioners.
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
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