Published: February 2023 | Report Code: 12529 | Available Format: PDF | Pages: 180
The valve positioner market size stood at USD 1,820 million in 2022, and it is expected to grow at a compound annual growth rate of 5.45% during 2022–2030, to reach USD 2,783 million by 2030. The ever-rising population and industrialization, especially in urban areas of emerging economies, and the significant increment in the usage of valve positioners for a range of plant operations are some of the important factors that have been able to drive and maintain momentum in the industry.
Moreover, the developments enabling the use of IoT for industrial procedures and an inclination toward digitalization have already been spawning opportunities for the expansion of the market.
The rising population and subsequently rapid industrialization in urban areas would promote a considerable demand for valve positioners. These positioners have a vital role in providing accuracy, positioning, and control over systems, and maintaining accurate levels of pressure, which is essential in industrial procedures such as manufacturing and treatment.
According to the World Bank and other government organizations, more than 50% of the world’s population resides in urban areas, and it is expected to almost double in the coming years. To comply with the basic amenities and needs, the creation of job opportunities through the establishment of various new factories and plants is being witnessed in such areas, which will also promote technological advancements and developments. Hence, it can be leveraged as an opportunity for players operating in the valve positioner market.
Based on type, the digital category dominates the industry. This is due to the introduction and deployment of automated solutions. It forms an important link between the system and the valve and then controls the position as well as the movement of an actuator through the conversion of electronic signals to air pressure signals. Moreover, for the improvement in overall efficiency levels of plant operations and accuracy levels related to control algorithms, data storage, and other functionalities, the demand for digital valve positioners is increasing.
In addition, smart valve positioners have microprocessors and are highly accurate. Along with monitoring as well as recording the data, they enable the positioning of valve actuators. Moreover, they are fairly easy to install and aid in minimizing the setup through automatic collaboration functions. Thus, the rising awareness about the digital version of these positioners for industrial usage would support the expansion of the market and hence aid in maintaining a greater revenue share comparatively.
Report Attribute | Details |
Historical Years |
2017-2022 |
Forecast Years |
2023-2030 |
Market Size in 2022 |
USD 1,820 Million |
Revenue Forecast in 2030 |
USD 2,783 Million |
Growth Rate |
5.45% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type; By Actuation; By Industry; By Region |
Explore more about this report - Request free sample pages
The water & wastewater treatment industry is expected to advance at the highest CAGR during the period 2022–2030. The industry mainly includes the supply of water, water treatment, and wastewater management operations. As water treatment and distribution are complex processes, efforts in the form of automation and deployment of advanced tools are being made to optimize the related processes.
Furthermore, treating wastewater is essential, due to the growing water scarcity worldwide. Positioners through automation can increase the efficiency of the treatment. To mitigate the risk of equipment damage and to have complete control over these procedures, positioners are required. Mostly, the pneumatic type is used for water management applications, and the use of digital ones is growing steadily.
Based on actuation, the market is categorized into single-acting and double-acting. Between the two, the single-acting category holds a significant share. This is because the single-acting actuator is a three-way pneumatic positioner that transmits air to and exhausts air from only one side, which is against by a range spring.
The APAC valve positioner market is expected to foster high growth in the coming years, owing to the growing population and surging living standards in the region. According to a health agency, more than 60% of the world’s population resides in the region and some of the highly populated countries include China and India. Being highly populous, China and India are also major markets that are expected to depict substantial growth and generate a significant revenue share.
Moreover, the rising population and their standard of living have been generating high energy demands. For instance, the region accounts for approximately more than 50% of global energy consumption. To make provisions for the energy needs, investments majorly in the oil & gas and energy & power sectors are required. The investments in these sectors subsequently boost the demand for valve solutions.
The North American market accounts for the largest share and it is projected to grow at a CAGR of 5.9% during the forecast period. This is attributed to the presence of high-end industries and key industry players in the region. In North America, the U.S. is a larger market for valve positioners, due to the growing population, the presence of various industries and major organizations, and rapid technological advancements in the country.
In recent years, several companies have introduced digital positioners, owing to their growing popularity and the level of precision they bring to plant operations. They are being in-built with various functionalities such as sensors, monitoring systems, and a provision to provide feedback regarding valve positions. It is also being claimed that they would be easier to install, control, and require less time to upgrade to digital ones. In addition, the digital ones are compatible with different varieties of valves available, have diagnostic in-built functionalities, and aid in the overall reduction of plant operation costs. Thus, this factor drives the market growth.
This report offers deep insights into the valve positioner market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
Based on Type
Based on Actuation
Based on Industry
Geographical Analysis
The valve positioner market size stood at USD 1,820 million in 2022.
During 2022–2030, the growth rate of the valve positioner market will be around 5.45%.
Digital valve will be the largest type in the valve positioner market in 2030.
The major drivers of the valve positioner market include the rising industrialization and population in urban areas, increasing use of valve positioners for varied plant operations, technological advancements promoting the use of IoT for industrial needs, and automation in manufacturing as well as other related procedures.
Get a bespoke market intelligence solution
Want a report tailored exactly to your business strategy?
Request CustomizationWant an insight-rich discussion with the report author?
Speak to AnalystOur dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws