According to a new report, published by KBV research, The Global Valve Positioner Market size is expected to reach $2.5 billion by 2028, rising at a market growth of 5.8% CAGR during the forecast period.
The Pneumatic market is experiencing a CAGR of 5.5% during (2022 - 2028). This type of valve positioner work on the principle of work balance. This allows proper positioning of the control valve stem upon receiving a pneumatic signal from a manual loading station or a controller.
The Single-Acting market is leading the segment in the Global Valve Positioner Market by Actuation in 2021; thereby, achieving a market value of $1.7 billion by 2028. The single-acting positioner utilizes a spring force for an actuator's on-off operations. These positioners can be used with a rotary as well as linear actuators. The single-acting type is widely used in safety applications owing to its reliability and simplicity.
The Chemical market is showcasing a CAGR of 4.7% during (2022 - 2028). The demand for on-site adjustments for fixing and occurring problems without disturbing the flow of the process has increased the use of valve positioners in the chemical industry.
The Asia Pacific market dominated the Global Valve Positioner Market by Region in 2021; thereby, achieving a market value of $946 Million by 2028. The Europe market is poised to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/valve-positioner-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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