The global valve positioner market is estimated to advance at a moderate CAGR of 5.5%, helping it reach USD 3.3 billion by 2034. The market was valued at USD 1.9 billion in 2024, and the previous year recorded a market valuation of USD 1.8 billion. This constant growth of the subject industry is attributed to various driving forces that will be assessed in the discussion.
Attributes | Key Insights |
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Estimated Market Size in 2024 | USD 1.9 billion |
Projected Market Value in 2034 | USD 3.3 billion |
Value-based CAGR from 2024 to 2034 | 5.5% |
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The valve positioner market surged at a CAGR of 6.8% from 2019 to 2023. The last recorded market valuation of the subject market is USD 1.9 billion. Urbanization peaked during this historical period, and the total population rose exponentially.
This surged urbanization created the demand for valve positioners to implement efficient controlling systems, which was the fundamental market driver in the historical period.
Apart from this, innovation led to the industrial revolution. Technological evolution helped various industries grow, surging the subject market based on digital and smart devices. Therefore, these are critical market drivers for the market under consideration.
On the other hand, environmental concerns surge in the forecasted period. More emphasis is expected to be placed on the treatment of industrial and different types of waste treatments. Wastewater treatment plants will flood the market, which is the fundamental demanding factor for the subject market.
The growth of the allied industries is expected to surge the demand for valves. It encourages the production of different valves, helping the sector meet demands. Industries like oil and gas require accurate fluid flow, which raises the demand for accurate controlling devices.
Historical CAGR from 2019 to 2023 | 6.8% |
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Forecast CAGR from 2024 to 2034 | 5.5% |
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Various industries in different countries contribute to the valve positioner market. The Asia-Pacific region is expected to contribute significantly to the global valve positioner market. Various developing markets create lucrative opportunities for large-scale organizations to compete actively to churn the market.
North America has a strong infrastructure that can integrate technology into the existing systems. Therefore, the subject market can fit into these circumstances, boosting market growth.
Europe contributes substantially to the market due to the growing automotive sector in the region. Apart from this, modern technology plays an active role in shaping the European market.
Forecast CAGRs from 2024 to 2034
Country | The United States |
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Forecasted Market Value | USD 584.9 million |
Forecasted CAGR | 5.6% |
Country | The United Kingdom |
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Forecasted Market Value | USD 131.3 million |
Forecasted CAGR | 5.9% |
Country | China |
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Forecasted Market Value | USD 515.5 million |
Forecasted CAGR | 6.2% |
Country | South Korea |
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Forecasted Market Value | USD 198.7million |
Forecasted CAGR | 8.1% |
Country | Japan |
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Forecasted Market Value | USD 371.7 million |
Forecasted CAGR | 6.7% |
Categorically, two major segments contribute to the growth of the global valve positioning market. Electro-pneumatic positioners and Single-acting actuators drive the subject market.
Category | Top Type- Electro-Pneumatic |
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Forecasted CAGR from 2024 to 2034 | 5.2% |
Market Segment Drivers |
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Category | Top Actuation- Single-Acting |
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Forecasted CAGR from 2024 to 2034 | 5.0% |
Market Segment Drivers |
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The global valve positioner market has various key competitors. These companies are bolstering their presence through various strategic moves, including product differentiation, strategic alliances, partnerships, mergers and acquisitions, and many other key strategic initiatives.
New entrants might consider entering the market through product innovation, as businesses and other consumers prefer technologically sound valves and actuators.
The following competitors clutter the subject market:
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 1.9 billion |
Projected Market Valuation in 2034 | USD 3.3 billion |
Value-based CAGR 2024 to 2034 | 5.5% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | Type, Actuation, Industry, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | ABB Ltd.; Emerson Electric Co.; Flowserve Corporation; Schneider Electric SE; Azbil Corporation |
The valve positioner market's electro-pneumatic segment grows at a CAGR of 5.2%.
The valve positioner market's single-acting segment grows at a CAGR of 5.0%.
The valve positioner market is forecasted to progress at a CAGR of 5.5% through 2034.
The valve positioner market is expected to reach USD 3.3 billion by 2034.
The valve positioner market reached USD 1.9 billion in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Electro-Pneumatic 5.2. Pneumatic 5.3. Digital 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Actuation 6.1. Single-Acting 6.2. Double-Acting 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry 7.1. Chemical 7.2. Energy & Power 7.3. Food & Beverage 7.4. Metal & Mining 7.5. Oil & Gas 7.6. Paper & Pulp 7.7. Pharmaceutical 7.8. Water & Wastewater Treatment 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ABB Ltd. 18.2. Emerson Electric Co. 18.3. Flowserve Corporation 18.4. Schneider Electric SE 18.5. Azbil Corporation 18.6. VRG Controls LLC 18.7. SMC Corporation 18.8. Baker Hughes Company 18.9. Rotork Plc 18.10. Samson AG 19. Assumptions & Acronyms Used 20. Research Methodology
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