LONDON--(BUSINESS WIRE)--The global valve positioners market size is poised to grow by USD 473.39 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 4% during the forecast period.
Read the 158-page research report with TOC on "Valve Positioners Market Analysis Report by end-user (oil and gas, water and wastewater management, power generation, chemicals, mining and minerals, and other end-users), product (pneumatic valve positioners, electro-pneumatic valve positioners, and other valve positioners), and geography (APAC, Europe, North America, South America, and MEA) 2019 - 2023". Request a Free Sample Report
The market is driven by the rising adoption of renewable energy. In addition, the presence of stringent environmental regulations is expected to further boost the growth of the valve positioners market.
The adoption of renewable sources of energy, such as solar energy, hydraulic energy, wind energy, among others is increasing owing to the decreasing supply of fossil fuels, and the need to reduce GHG emissions. This is increasing the demand for various equipment, such as control valves. Thus, the rising adoption of renewable energy is expected to fuel the growth of the valve positioners market during the forecast period.
Manufacturing industries across the world must comply with various regulations and automate their critical manufacturing processes. Moreover, governments are encouraging organizations to reduce industrial accidents and environmental pollution. This increases the demand for control valves that can control and regulate fluid flow automatically with the help of valve positioners. Thus, the presence of stringent environmental regulations will drive the demand for valve positioners during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- ABB Ltd.
- Badger Meter Inc.
- Emerson Electric Co.
- Flowserve Corp.
- General Electric Co.
Market Segmentation by Product:
The valve positioners market can be broadly categorized into the following segments:
- Pneumatic valve positioners
- Electro-pneumatic valve positioners
- Other valve positioners
Key Regions for the Valve Positioners Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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