Valve Positioner Market To Generate $2,783 Million Revenue by 2030

The global valve positioner market size is expected to advance at a CAGR of 5.45% during 2022–2030, to reach USD 2,783 million by 2030. This can be ascribed to the rising industrialization subsequent to population growth in urban areas of developing nations, and the increasing use of valve positioners for varied plant operations. Moreover, technological advancements promoting the use of IoT for industrial needs, automation in manufacturing as well as other related procedures, and the ascent of digitalization are creating opportunities for the expansion of the industry.

A valve positioner aids in the accurate positioning of valves in accordance with a controller’s output signal and hence improves the efficiency level of plant operations. Also, the presence of external forces, temperature changes, or any other disturbance can be managed by valve positioners, and thus, their high accuracy and efficiency make several industries, such as oil & gas, energy & power, water & wastewater treatment, and metal & mining, to invest in advanced and quality valve positioners in accordance with their respective needs.

Moreover, digitalization is one of the important factors that would drive the industry expansion, as it makes business procedures efficient and subsequently reduces the operational costs of plant operations. Also, positioners are being made in accordance with recent technological deployments. This is becoming common in industries such as industrial IoT and analytics so that accuracy with minimal risk for valve movement and control is achieved.

Based on type, the market is mainly categorized into electro-pneumatic, pneumatic, and digital. Among these, digital valve positioners have been gaining significant popularity, due to additional functionalities they offer such as data storage, monitoring, and in-built sensors to provide data regarding valve position. Also, appropriate feedback regarding the valve through sensors would aid in mitigating risks and maintaining flow control and efficiency in manufacturing procedures.

In addition, valve positioners have applications in varied industries such as chemicals, food & beverage, water & wastewater treatment, oil & gas, paper & pulp, metal & mining, and energy and power. They are inevitable wherever the controlled flow of liquid or gas is required, hence the oil & gas category is expected to grow fairly in the coming years. Moreover, the rapid industrialization and the ever-increasing energy & power needs subsequently indicate considerable growth in demand for valve positioners in the energy & power industry as well.

North America Is the Market Leader

North America leads the industry, which is expected to advance at a CAGR of 5.9% during 2022–2030. The strong growth and revenue share of the regional market can be attributed to the presence of a large number of end-use industries and major players, and technological advancements in business procedures to improve efficiency and reduce operational costs. Moreover, industries in the region are focusing on automation, technological advancements, and optimizing production processes to cater to the demand for high-end products.

In North America, the U.S. is a larger market for valve positioners, owing to the widely deployed varied technological measures and tools, comparatively high population, and the existence of large-scale industries in the country.

Some of the major companies operating in the valve positioner market are ABB Ltd., Emerson Electric Co., Flowserve Corporation, Schneider Electric SE, Azbil Corporation, VRG Controls LLC, SMC Corporation, Baker Hughes Company, Rotork Plc, and Samson AG.