The Asia Pacific Valve Positioner Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
Increased implementation of smart valve positioners in numerous operations of a plant, as well as an increase in the number of industries in developing economies, are the main drivers of market expansion. Additionally, growth prospects are expected to be brought about by implementing IIoT and growing awareness of digitalization.
A rise in industrialization has been witnessed in many emerging nations. Collectively, businesses have become highly competitive in many sectors, with each company trying different methods to continue in the market. In addition, the need for standard quality products at minimum prices further intensifies the competition. As a result, companies try to improve other facets of businesses to increase their profits. This has derived the demand and implementation of technology in industries, and because of such efforts, the usage of valve positioners has also increased in many sectors.
Even a minute loss of high-energy steam or oil, or specialty chemicals can cost a company a lot. The excess or loss of even 0.5 bar of pressure may induce a loss equivalent to millions of dollars. In this regard, proper valve positioning and functioning are necessary. Furthermore, with the advancements in manufacturing strength and proactive maintenance, the valve positioner is becoming essential.
The manufacturing industry is witnessing significant growth in this region. Countries like Singapore, Indonesia, Malaysia, the Philippines, and Vietnam, are rich in agricultural resources and products, which are frequently processed or packed before being sold in bulk. To that purpose, experts from the ASEAN-5 have identified the food and beverage sector as one of Asia's fastest-growing industries. The Chinese food and beverage sector have also been expanding significantly, and it is expected to continue to grow along with the country's expanding middle class.
The China market dominated the Asia Pacific Valve Positioner Market by Country in 2021; thereby, achieving a market value of $269.7 Million by 2028. The Japan market is registering a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 6.8% during (2022 - 2028).
Based on Type, the market is segmented into Digital, Pneumatic and Electro-Pneumatic. Based on Actuation, the market is segmented into Single-Acting and Double-Acting. Based on Industry, the market is segmented into Energy & Power, Chemical, Oil & Gas, Food & Beverage, Water & Wastewater Treatment, Metal & Mining, Pharmaceutical, Paper & Pulp and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Valve Positioner Market is Projected to reach USD 2.5 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Emerson Electric Co., Baker Hughes Company, SMC Corporation, Flowserve Corporation, Valmet Oyj, Azbil Corporation and Badger Meter, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Digital
- Pneumatic
- Electro-Pneumatic
By Actuation
- Single-Acting
- Double-Acting
By Industry
- Energy & Power
- Chemical
- Oil & Gas
- Food & Beverage
- Water & Wastewater Treatment
- Metal & Mining
- Pharmaceutical
- Paper & Pulp
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Baker Hughes Company
- SMC Corporation
- Flowserve Corporation
- Valmet Oyj
- Azbil Corporation
- Badger Meter, Inc.
TABLE 1 Asia Pacific Valve Positioner Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Valve Positioner Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Digital Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Digital Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Pneumatic Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Pneumatic Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Electro-Pneumatic Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Electro-Pneumatic Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Single-Acting Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Single-Acting Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Double-Acting Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Double-Acting Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Chemical Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Chemical Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Water & Wastewater Treatment Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Water & Wastewater Treatment Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Metal & Mining Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Metal & Mining Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Paper & Pulp Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Paper & Pulp Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Valve Positioner Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Valve Positioner Market by Country, 2022 - 2028, USD Million
TABLE 39 China Valve Positioner Market, 2018 - 2021, USD Million
TABLE 40 China Valve Positioner Market, 2022 - 2028, USD Million
TABLE 41 China Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 42 China Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 43 China Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 44 China Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 45 China Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 46 China Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 47 Japan Valve Positioner Market, 2018 - 2021, USD Million
TABLE 48 Japan Valve Positioner Market, 2022 - 2028, USD Million
TABLE 49 Japan Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 50 Japan Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 51 Japan Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 52 Japan Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 53 Japan Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 54 Japan Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 55 India Valve Positioner Market, 2018 - 2021, USD Million
TABLE 56 India Valve Positioner Market, 2022 - 2028, USD Million
TABLE 57 India Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 58 India Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 59 India Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 60 India Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 61 India Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 62 India Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 63 South Korea Valve Positioner Market, 2018 - 2021, USD Million
TABLE 64 South Korea Valve Positioner Market, 2022 - 2028, USD Million
TABLE 65 South Korea Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 66 South Korea Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 67 South Korea Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 68 South Korea Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 69 South Korea Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 70 South Korea Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 71 Singapore Valve Positioner Market, 2018 - 2021, USD Million
TABLE 72 Singapore Valve Positioner Market, 2022 - 2028, USD Million
TABLE 73 Singapore Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 74 Singapore Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 75 Singapore Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 76 Singapore Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 77 Singapore Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 78 Singapore Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 79 Malaysia Valve Positioner Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Valve Positioner Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 82 Malaysia Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 83 Malaysia Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 84 Malaysia Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 85 Malaysia Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 86 Malaysia Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Valve Positioner Market, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Valve Positioner Market, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Valve Positioner Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Valve Positioner Market by Type, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Valve Positioner Market by Actuation, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Valve Positioner Market by Actuation, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Valve Positioner Market by Industry, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Valve Positioner Market by Industry, 2022 - 2028, USD Million
TABLE 95 Key Information – ABB Group
TABLE 96 Key Information – Siemens AG
TABLE 97 Key information – Schneider Electric SE
TABLE 98 Key Information – Emerson Electric Co.
TABLE 99 Key Information – Baker Hughes Company
TABLE 100 Key Information – SMC Corporation
TABLE 101 Key Information – Flowserve Corporation
TABLE 102 Key information – Valmet Oyj
TABLE 103 key information – Azbil Corporation
TABLE 104 Key Information – Badger Meter, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Group
FIG 3 Swot analysis: Siemens AG
FIG 4 Swot analysis: Schneider Electric SE
FIG 5 Recent strategies and developments: Emerson Electric Co.