The Valve Positioner Global Market Report 2023, provides comprehensive information on the valve positioner market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Valve Positioner Global Market Report 2023, the global valve positioner market size is expected to grow from $1.72 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global valve positioner market size is expected to grow to $2.27 billion in 2027 at a CAGR of 5.6%.
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Innovative products are a key trend in gaining popularity in the valve positioner market. Major companies operating in the valve positioner market are focused on developing innovative products to strengthen their position in the market. For instance, in October 2020, Baker Hughes, a US-based oil field services company that manufactures valve positioners, launched the next-generation SV13 valve positioner. Online Valve Diagnostics, a feature introduced by the SVI3 digital valve positioner, ushers in a new era for smart valve instrumentation for the very first time. The SVI3 digital valve positioner’s new online valve diagnostics feature is intended to increase plant productivity and process uptime.
The valve positioner market is segmented:
1) By Type: Pneumatic Valve Positioner, Electro-Pneumatic Valve Positioner, Digital Valve Positioner
2) By Actuation: Single Acting, Double Acting
3) By Industry: Oil And Gas, Water And Wastewater treatment, Energy And Power, Chemical, Pharmaceutical, Food And Beverages, Other Industries
Asia-Pacific was the largest region in the valve positioner market in 2022.
The table of contents in TBRC’s valve positioner market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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