Global Valve Positioners Market - Opportunity Assessment and Forecast by Technavio
According to the latest market study released by Technavio,
the global
valve positioners market is expected to reach USD 2,279.7
million by 2021, growing at a CAGR of almost 4%.
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Technavio has published a new report on the global valve positioners market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global
Valve Positioners Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.
The valve positioners industry is expected to have a steady growth
throughout the forecast period as the need for improving the efficiency
of industrial facilities and manufacturing plants is high. These
products help in increasing the operational efficiency of valves and
actuators. Value positioners have found application mainly in industrial
sectors such as oil and gas and water and wastewater management. EMEA
and APAC are the major revenue generating regions due to the requirement
of valve positioners in these sectors.
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Technavio’s industrial
automation research analysts categorize the global valve
positioners market into the following segments by end-user. They are:
-
Oil and gas
-
Water and wastewater management
-
Power generation
-
Chemicals
-
Mining and minerals
-
Others
The top three end-user segments for the global valve positioners market
are discussed below:
Oil and gas
The use of valve positioners is expected to increase during the forecast
period in the oil and gas industry. The recent decline in crude oil
prices and reduction in investments have affected the entire oil and gas
industry. However, the demand from developing countries for oil and gas
has led to investments in new projects and developments, which is
expected to create the demand for valve positioners.
According to Bharath Kanniappan, a lead automation
research analyst from Technavio, “Valves and valve positioners
are majorly used in oil pipelines and in transportation to control the
flow of fluids. These valve positioners help in increasing the
operational efficiency of valves. Actuators and valve positioners have
eliminated the need for an additional personal to operate valves manually.”
Water and wastewater management
Most of the developing countries around the world do not have an
established water supply system. The people in these regions are still
relying on groundwater. This is one of the main reasons for governments
of developing countries to invest more in water and wastewater treatment
plants.
“Countries like Singapore, India, and China will be the major revenue
generating markets for valve positioners in the water and wastewater
management industry due to the increasing demand for potable water in
these regions,” says Bharath.
Power generation
Many developed countries are planning to invest in energy projects to
meet the increasing demand for energy. Investments in renewable energy
projects like wind and solar power generation are on the rise. However,
while considering the global power generation industry, the main source
for power generation is from hydro and thermal source.
The use of valves, actuators, and valve positioners is expected to
increase with the growing investments in power generation industries. It
has become very important for power generation plants to improve their
capacity and efficiency. The use of valves, actuators, and valve
positioners improves the operational efficiency of power generation
plants.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
Emerson
-
Pentair
-
Flowserve
-
Rotork
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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at media@technavio.com.
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