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GineersNow Power & Water Leaders magazine is featuring the post-pandemic impact of Covid-19 in the Utilities Sector.
Read the latest GineersNow articles and stories about battery, coal, cogeneration, cables, grid, electrical, energy, generators, nuclear, power plants, rentals, transmission and distribution, turbines, utility, chemicals, controls, desalination, EDR, filtration, membranes, nano filtration, plumbing, pipes, reverse osmosis, storage and valves at www.gineersnow.com
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NEWS
$2.96 Bn Valve
Positioners Market
The Global Valve Positioners market accounted for $1.59
billion in 2018 and is expected to reach $2.96 billion by
2027 growing at a CAGR of 7.2% during the forecast
period.
Some of the key factors influencing the market growth include
increasing importance of monitoring and control in process
industries for efficient output, growing demand for fuels, energy
& power. However, lack of standardized norms and governing
policies is restricting the market growth.
A valve positioner is one of the major accessories in the control
valve assembly. It supports the actuator in the control valve
assembly to position the valve stem correctly as per the input
signal provided to it so that the control valve accurately controls
the parameter it wants to. In other words, the valve positioner
makes the working of the control valve more precise and accurate.
Amongst actuation, the single action of the control valve can be
described as the action in which positioners deliver and exhaust
air from single side of the single-acting actuator. This actuator uses
spring force for on and off operation of the actuator. Hence these
positioners have simple working operations which make them
the more preferably installed type as compared to double-acting
positioners.
By Geography, APAC is estimated to have a lucrative growth
during the forecast period. The region consists of fast-growing
economies such as China and India that have fuelled the robust
manufacturing industries in respective countries. Owing to the
increase in the urban population in the region, there is a high
demand for new and improved wastewater treatment systems.
Some of the key players in global Valve Positioners market are
Schneider Electric, ABB, Baker Hughes, Siemens, Emerson
Electric, General Electric, Metso, SMC, SAMSON Controls,
Rotork, Azbil, Circor International, Bray International, Festo and
VRG Controls.
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