The Latin America, Middle East and Africa Valve Positioner Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Valve positioners are widely used in places where the working pressure of the actuator is larger than the control signal pressure, as actuators operating at such considerable pressures need stiffness in movement. Higher actuator pressure is provided to ensure proper valve movement. Valve positioners provide extended control with fast reactions, especially in systems with pneumatic signal lines between the regulator and the valve. In scenarios where the control loops react slowly to the movement of the valve, valve positioners become a necessity.
With the rising issue of water scarcity, more water management initiatives have emerged. This is done to manage water and wastewater efficiently and to cater to water requirements demand to some extent. In addition, the governmental provisions in many nations restrict numerous industries from using potable water resources and have encouraged innovation in enterprises. As a result, the number of small water treatment plants has also increased, which facilitates the growth of the market.
The provision of water supply for agricultural purposes also uses valves and valve positioners. Additionally, water facilities are also required by the energy industry. Simultaneously, these industries increase the usage of valve positioners in both the demand and supply of resources. Furthermore, as a consequence of rapid urbanization, the need for municipal water is increasing, which necessitates the construction of more treatment plants. Therefore, valves and pipes in all industries significantly facilitate the increasing demand for the valve positioner market.
Expansion is taking place in the mining industry in Latin America, with international investors entering the market to take advantage of the region's abundant natural resources and cheap labour. As a result, the sector is anticipated to continue its upward trajectory in the coming years, with nations like Brazil selling off mining sites to raise money, increase jobs, and attract foreign direct investment (FDI). In addition to being the top producer of metals like gold, Brazil is already one of the world's primary sources of reserves and essential metals, such as aluminum, iron ore, and nickel. Numerous similar advancements throughout the region have propelled the growth prospects of the valve positioner market.
The Brazil market dominated the LAMEA Valve Positioner Market by Country in 2021; thereby, achieving a market value of $43.7 Million by 2028. The Argentina market is showcasing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Valve Positioner Market is Predict to reach $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.
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