Global Valve Positioners Market 2017-2021
About Valve Positioners
Valve positioners are typically used to improve the operational efficiency of actuators. Valve positioners change the position of actuators depending on the received control signals to get more precision in the operation of control valves. These valve positioners are helpful to regulate and control the flow of liquids and gases within a control valve. Valve positioners are divided into pneumatic valve positioners, electro pneumatic valve positioners, and others, which include smart/digital valve positioners and electric valve positioners.
Technavio’s analysts forecast the global Valve Positioners market to grow at a CAGR of 3.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global valve positioners market for 2017-2021. To calculate the market size, the report considers the new installations, sales, retrofit and replacement.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Valve Positioners Market 2017-2021
Technavio recognizes the following companies as the key players in the global valve positioners market: Emerson, Pentair, Flowserve, and Rotork.
Other Prominent Vendors in the market are: AUMA Riester, Cameron, ControlAir, Coulton, Fine Controls, General Electric, KC Controls, SAMSON Controls, Velan, and VRG Controls.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of smart/digital valve positioners. As of now, the use of smart/digital valve positioners is minimal. However, due to their diagnostic functions, the implementation of smart valve positioners is expected to increase during the forecast period. These smart valve positioners are capable of collecting data about valves. These positioners can be used to analyze the functioning of valves and manufacture analytical models that help in improving the operational efficiency of plants.”
According to the report, one of the major drivers for this market is customizable products offered. Vendors of valve positioners are offering a variety of customizable products to differentiate themselves from counterparts and sustain competition. These customizable options are helping end-users in choosing appropriate products based on requirements. For instance, in the chemicals industry, value positioners should have an anti-corrosion coating as these positioners are exposed to various vicious liquids, whereas in food and beverage and pharmaceuticals industries, valve positioners must comply with sanitation features.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. The major raw materials used to manufacture valve positioners are steel, hardened steel, brass, cast iron, aluminum, and bronze. These materials help in sustaining extreme conditions faced by manufacturers of valve positioners. The price of raw materials mainly depends on factors such as availability, inflation, and production. These fluctuating raw materials affect the cost of production, which in turn is having a major impact on small vendors.
Emerson, Pentair, Flowserve, Rotork, AUMA Riester, Cameron, ControlAir, Coulton, Fine Controls, General Electric, KC Controls, SAMSON Controls, Velan, and VRG Controls.
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