Valve Positioners Market Size, Share & Trends Analysis Report By Product Type, By Application (Energy & Power, Chemical, Oil & Gas, Water & Wastewater Management, Food & Beverage), By Region, And By Segment Forecasts, 2024 - 2030

Valve Positioners Market Size, Share & Trends Analysis Report By Product Type, By Application (Energy & Power, Chemical, Oil & Gas, Water & Wastewater Management, Food & Beverage), By Region, And By Segment Forecasts, 2024 - 2030

Valve Positioners Market Size & Trends

The global valve positioners market size was estimated at USD 1.79 billion in 2023 and is projected to grow at a CAGR of 5.4% over the forecast period. This growth is attributed to the rising demand for industrial automation across sectors such as oil and gas, chemicals, and pharmaceuticals. Automated processes require precise control of valve operations to ensure efficiency, safety, and reliability. Advanced valve positioners, including digital and electro-pneumatic models, provide necessary precision and control, thereby fueling market growth.

There is a growing emphasis on process optimization and efficiency improvements in industries across the world such as power generation, water treatment, and manufacturing. Valve positioners are integral to achieving optimal process performance by ensuring accurate valve positioning, which enhances overall system efficiency and reduces operational costs. This factor is further expected to fuel product demand over years.

The development of digital technologies and communication protocols is driving the adoption of digital valve positioners. Digital positioners offer enhanced functionality, which supports their increasing market penetration. Furthermore, inclination towards energy efficiency in industrial processes is a key driver for this product. Product contribute to energy efficiency by optimizing valve control, reducing energy waste, and improving system performance.

The initial cost of advanced valve positioners, especially digital and electro-pneumatic models, can be a significant barrier for adoption, particularly for small and medium-sized enterprises. Furthermore, technical expertise required for proper setup and ongoing maintenance can be a challenge for organizations lacking skilled personnel or resources.

However, stringent safety regulations and standards in various industries necessitate reliable and precise control systems. The product plays a crucial role in meeting these regulations by ensuring proper valve operation and preventing safety hazards.

Global Valve Positioners Market Report Segmentation

This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global valve positioners market report based on product type, application, and region:

• Product Type Outlook (Revenue, USD Million, 2018 - 2030)
• Pneumatic Valve Positioner
• Electro-Pneumatic Valve Positioner
• Digital Valve Positioner
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Energy & Power
• Chemical
• Oil & Gas
• Water & Wastewater Management
• Food & Beverage
• Other Applications
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa

Please note The report will be delivered in 4-8 business days upon order notification.