The report segments the global pneumatic positioner market by end-user (oil and gas industry, chemical and petrochemical industry, water and wastewater treatment industry, and metals and mining industry) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global pneumatic positioner market, according to Technavio industrial automation researchers:
- Growing demand for customized pneumatic positioners: a major market driver
- Increase in use of smart positioners: emerging market trend
- EMEA dominated the global pneumatic positioner market in 2017, accounting for a share of more than 35%
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Growing demand for customized pneumatic positioners: a major market driver
The growing demand for customized pneumatic positioners is one of the major factors driving the global pneumatic positioner market. Vendors of valve positioners are providing a variety of customizable products to differentiate themselves and sustain competition. These customizable options are assisting end-users in selecting appropriate products based on requirements. For instance, in the chemical industry, valve positioners should possess an anti-corrosion coating. This is because these positioners are exposed to several chemically harsh liquids.
According to a senior analyst at Technavio for research on automation, “The vendors are providing customizable options to end-users in terms of body materials and coatings of the positioners. This aids the end-users in choosing specified customized products to suit their applications.”
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Increase in use of smart positioners: emerging market trend
The latest trend that has been gaining momentum in the market is the rising use of smart/digital valve positioners. These positioners can collect data about the valves. They can be utilized in analyzing the functioning of the valves and manufacturing analytical models, which help in improving the operational efficiency of plants. Most end-users use smart positioners as they are more efficient than other positioners.
Global market opportunities
In terms of regional dominance, EMEA led the global pneumatic positioner market in 2017, accounting for a share of more than 35%. APAC held the second largest position in the market. The market in EMEA is anticipated to witness steady growth during the forecast period. However, the market in APAC is expected to witness growth during the forecast period.
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