What is Global Smart Control Valve Positioners Market?
The Global Smart Control Valve Positioners Market is a vast and dynamic field that encompasses a wide range of products and services. These devices are designed to control the position of rotary and linear valves and actuators, based on a control signal. They are used in a variety of industries, including oil and gas, chemical, power, metals and metallurgy, paper and pulp, pharmaceutical, food and beverages, and others. The market for these devices is growing rapidly, driven by increasing demand for energy efficiency, process optimization, and automation in various industries. The global market was valued at US$ 508.5 million in 2022 and is expected to reach US$ 723.6 million by 2029, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period 2023-2029.
Single Acting Positioners, Double Acting Positioners in the Global Smart Control Valve Positioners Market:
There are two main types of Smart Control Valve Positioners: Single Acting Positioners and Double Acting Positioners. Single Acting Positioners are designed to control the position of a valve or actuator in one direction, while Double Acting Positioners can control the position in both directions. These devices are used in a variety of applications, including flow control, pressure control, and temperature control. The market for Single Acting Positioners is larger, accounting for over 68% of the total market, while Double Acting Positioners account for 32%. These devices are used in a variety of industries, including oil and gas, chemical, power, metals and metallurgy, paper and pulp, pharmaceutical, food and beverages, and others.
Oil, Gas & Petrochemical, Chemical, Power Industry, Metals & Metallurgy, Paper & Pulp, Pharmaceutical, Food & Beverages, Others in the Global Smart Control Valve Positioners Market:
The Global Smart Control Valve Positioners Market is used in a variety of industries, including oil, gas and petrochemical, chemical, power industry, metals and metallurgy, paper and pulp, pharmaceutical, food and beverages, and others. In the oil, gas and petrochemical industry, these devices are used to control the flow of oil and gas through pipelines and processing facilities. In the chemical industry, they are used to control the flow of chemicals in processing plants. In the power industry, they are used to control the flow of steam in power plants. In the metals and metallurgy industry, they are used to control the flow of molten metal in smelting plants. In the paper and pulp industry, they are used to control the flow of pulp in paper mills. In the pharmaceutical industry, they are used to control the flow of drugs in manufacturing plants. In the food and beverages industry, they are used to control the flow of ingredients in food processing plants.
Global Smart Control Valve Positioners Market Outlook:
The global Smart Control Valve Positioners market, which was valued at US$ 508.5 million in 2022, is projected to reach a value of US$ 723.6 million by 2029. This represents a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2029. The market is dominated by the top five players, which include Emerson, ABB, Baker Hughes, Neles (Valmet), and Flowserve, accounting for 54% of the market. The largest market for Smart Control Valve Positioners is Asia-Pacific, which holds over 40% of the market share, followed by Europe with over 27%. In terms of type, Single Acting Positioners dominate the market with a share of over 68%, while Double Acting Positioners hold a 32% share. When it comes to application, the Oil, Gas & Petrochemical sector holds the largest share, accounting for nearly 31% of the market.
| Report Metric | Details |
| Report Name | Smart Control Valve Positioners Market |
| Accounted market size in 2023 | US$ 554 million |
| Forecasted market size in 2029 | US$ 723.6 million |
| CAGR | 4.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Emerson, ABB, Baker Hughes, Neles (Valmet), Flowserve, Siemens, SAMSON, Schneider Electric, Shenzhen Maxonic, Nihon KOSO Co.,Ltd, Rotork, Chongqing Chuanyi Automation, GEMU Group, Bürkert, Azbil, SMC, Wuhan Toledo, Westlock Controls, 3S CO.,LTD., ChangShu Huier, Rotex Automation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
