The valve positioners market is expected to grow from USD 1.7 billion in 2019 to USD 2.2 billion by 2024; it is expected to grow at a CAGR of 5.3% during 2019–2024. Increasing demand for valve automation solutions to efficiently manage process industries and the rising demand for energy are key factors that are expected to augment the growth of the market over the forecast period.

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By type, digital positioners are expected to be largest contributor to valve positioners market during the forecast period
The growth of digital positioners is attributed to the growing adoption of smart solutions in the plant operations. Digital valve positioners are based on microprocessors and convert the electric signals to pressure signals. These positioners possess internal logic based on microprocessors. They use a microprocessor for positioning the actuator and for keeping track of data; hence, they have excellent diagnostic capabilities.

Oil & gas industry likely to account for the largest market share in valve positioners market during the forecast period
The oil & gas industry has several simultaneous operations that need to be planned, scheduled, executed, and monitored on time. Hence, companies operating in the oil & gas industry are always looking for new ways to meet rising energy needs as well as to cut their operating costs and enhance the overall efficiency of the plant. This is due to the globally increasing consumption and demand for oil. Therefore, the installation of valve positioners in control valve assemblies support efficient plant operation of oil & gas industry.

simple working operations which make them the more preferably installed type as compared to double-acting positioners.

“APAC is expected to hold the largest share of valve positioners market during the forecast period”

APAC is estimated to account for the largest share of the market in 2019. The region consists of fast-growing economies such as China and India that have fueled the robust manufacturing industries in respective countries. Owing to the increase in the urban population in the region, there is a high demand for new and improved wastewater treatment systems. These systems can be improved with the control valve assemblies that have positioners to enhance their working operations.

Key players offering valve positioners include Emerson Electric (US), Baker Hughes (US), Siemens (Germany), ABB (Switzerland), Flowserve (US), while other major players in this market include Schneider (France), Metso (Finland), Rotork (UK), and Azbil (Japan). These players operate globally and provide valve positioners and related valve accessories.

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