Valve Positioner Global Market Report 2024

The valve positioner market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be attributed to several contributing factors, including the expansion of industrialization and manufacturing sectors, increased integration of valve positioners with control systems enhancing overall operational efficiency, a growing demand for these devices within established markets, and ongoing improvements in manufacturing and industrial practices. These factors collectively facilitated the adoption and advancement of valve positioner technology within various industries.

The valve positioner market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period is expected to be driven by several factors. These include the increased adoption of control valve performance enhancement techniques, the utilization of valve positioners for industry-specific applications catering to diverse needs, a notable shift towards predictive maintenance strategies within various industries, the expansion of valve positioner markets in emerging economies, and a heightened focus on energy efficiency prompting the use of these devices. Key trends projected for the forecast period encompass the widespread adoption of industrial automation and digitalization practices, an emphasis on achieving operational efficiency across industries, a growing demand for process optimization solutions leveraging valve positioner technology, adherence to stringent safety and environmental regulations, and the integration of valve positioners with Industrial Internet of Things (IIoT) and smart systems to enhance functionality and data-driven decision-making in industrial settings.

The anticipated growth in the number of industries is poised to significantly contribute to the expansion of the valve positioner market. This upswing in industries can be attributed to factors such as economic growth, immigration, and government support. Valve positioners play a crucial role in various industries by connecting to the valve stem and communicating with the process controller and actuator to ensure precise positioning. They are particularly essential in situations requiring accurate and swift control without errors or hysteresis. For example, as of December 2022, a report by the United Nations Industrial Development Organization revealed that worldwide manufacturing production stabilized with a 3.6% year-over-year growth rate in the third quarter of 2022, marking an increase from the previous quarter's 3.0%. This growth trend, supported by both industrialized and industrializing economies, highlights the pivotal role of valve positioners in facilitating efficient control mechanisms in diverse industrial settings. Consequently, the growing number of industries emerges as a key driver in propelling the valve positioner market forward.

The burgeoning healthcare industry is expected to play a pivotal role in driving the growth of the valve positioner market. The healthcare sector, encompassing a wide range of organizations, professionals, products, and services, is continually expanding and evolving. As the demand for precise and reliable control mechanisms in healthcare applications rises, valve positioners are anticipated to witness increased adoption. In March 2022, the Centers for Medicare & Medicaid Services, a US-based federal agency, published the 2021-2030 National Health Expenditure (NHE) report, projecting an average annual increase of 5.1% in national health spending between 2021 and 2030, reaching nearly $6.8 trillion. The anticipated growth in Medicare and Medicaid spending further underscores the importance of efficient control mechanisms within the healthcare industry. With valve positioners contributing to precise control in healthcare applications, the growing healthcare industry is poised to be a significant driver in the growth of the valve positioner market.

Leading players in the valve positioner market are actively driving innovation, particularly focusing on intelligent valve positioners, to broaden their customer base, increase sales, and enhance overall revenue. Intelligent valve positioners are advanced devices employed in process control systems to precisely regulate the position of a valve based on signals received from the process controller. In January 2021, Powerflow, a China-based provider of fluid control products, introduced the IP6000 series intelligent positioner. This product is designed to govern the air intake and exhaust of pneumatic actuators, steering the valve position toward the predetermined set point by calculating data from both the 4-20mA DC signal and feedback position. Emphasizing quality standards, POWERFLOW positioner products, including the IP6000 series, are supported by a robust after-sales policy, offering a 24-month warranty and addressing quality issues within the initial 12 months with a reimbursement of 2,000 yuan per unit.

Major companies are making strategic investments in the development of innovative products such as smart valve positioners to expand their customer bases, elevate sales, and drive revenue growth in the valve positioner market. A smart valve positioner, akin to its intelligent counterpart, is a sophisticated device used in process control systems to precisely control valve positions based on signals from the process controller. In April 2022, Emerson Electric Co., a US-based manufacturing company, unveiled the TopWorx PD Series Smart Valve Positioner. As an extension of Emerson's existing range of TopWorx sensing and control products, the PD Series introduces advanced intelligence, reliability, and versatility to valve control applications. This series stands out within the TopWorx portfolio by seamlessly integrating communication capabilities through a 4-20 mA loop signal and HART protocols. This intelligent communication not only affords customers complete control over valve positioning but also enables valuable feedback extraction. With enhanced control and preventative maintenance features, the PD Series becomes a significant addition to the valve positioner market, offering customers insights for predictive maintenance to mitigate costly downtime.

In January 2021, DeZURIK, Inc., a prominent US-based valve manufacturer specializing in the municipal and industrial markets, successfully acquired Red Valve Company Inc for an undisclosed amount. This strategic acquisition marks a significant milestone for DeZURIK, culminating in the fulfillment of its commitment to enhancing the human condition through the utilization of exceptional flow control capabilities to develop critical industrial and water infrastructure. Red Valve Company Inc, based in the United States, is recognized for its expertise in manufacturing pinch and check valves, along with valve positioners. The acquisition positions DeZURIK to leverage the strengths and capabilities of Red Valve, further solidifying its position as a key player in the flow control industry and enabling the development of comprehensive solutions for industrial and water infrastructure needs.

Major companies operating in the valve positioner market report are Asea Brown Boveri Ltd., Emerson Electric Co., Flowserve Corporation, Siemens AG, Schneider Electric SE, Baker Hughes Company, Sintered MetalCorporation, Azbil Corporation, Metso Outotec Corporation, Rotork plc, Badger Meter Inc., General Electric Company, Valmet Corporation, Samson AG, VRG Controls Inc., Festo Corporation, ControlAir LLC, Crane Co., Bray International Inc., Yokogawa Electric Corporation, Christian Bürkert GmbH & Co. KG, CIRCOR International Inc., ControlAir Crane Co., Dwyer Instruments Inc., GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG, Valve Related Controls Inc., Nihon KOSO Co. Ltd., Spirax-Sarco Limited, Honeywell International Inc., Rotex Automation Limited, A-T Controls Inc., Bürkert Fluid Control Systems, Danfoss A/S, Parker Hannifin Corporation, Pentair plc.

Asia-Pacific was the largest region in the valve positioner market in 2023. Asia-Pacific is expected to be the fastest-growing region in the valve positioner market during the forecast period. The regions covered in the valve positioner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the valve positioner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of valve positioners include pneumatic valve positioners, electro-pneumatic valve positioners, and digital valve positioners. A pneumatic valve positioner typically receives a pneumatic signal, often within the range of 3-15 or 6-30 psi, originating from a controller. These positioners utilize various actuation methods such as single-acting and double-acting mechanisms. Valve positioners find applications across various industries including oil and gas, water and wastewater treatment, energy and power generation, chemical manufacturing, pharmaceuticals, food and beverage processing, among others. They play a critical role in ensuring accurate valve control and operation within these diverse industrial settings.

The valve positioners market research report is one of a series of new reports that provides valve positioners market statistics, including valve positioners industry global market size, regional shares, competitors with valve positioners market share, detailed valve positioners market segments, market trends, and opportunities, and any further data you may need to thrive in the valve positioners industry. This valve positioners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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