Digital Valve Positioner Market: Introduction
A valve positioner is a device used on actuators that are used to control the position of valves along pipelines and other devices. A digital valve positioner operates through electric signals, through which it control the position and movement of the actuator. As opposed to analog valve positioners, digital valve positioners convert the electronic signal digitally.
Digital valve positioners allow better flow and process control as they increase the accuracy and speed of actuator response. They ensure that the valve is in the correct position and thus, enhance valve performance. Digital valve positioners collect data pertaining to the valve and alert the operating personnel about its performance. They also help in the diagnostics and maintenance of valves as well as in improving the efficiency of plant operation. As compared to their counterparts, i.e. pneumatic and analog valve positioners, digital valve positioners have fewer moving parts and hence, when the valve is at rest, they don’t tend to by-pass or leak any air flow. This directly increases the energy consumption of the operation. With increasing automation and the need for improving efficiency across industries, digital valve positioners are expected to witness significant demand during the forecast period.
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Digital Valve Positioner Market: Dynamics
Flow control is an essential aspect of plant and pipeline operation. Flow control and regulation dictates plant efficiency and operation robustness and therefore, digital valve positioners have become critical elements of such plant operations. Digital valve positioners allow for smoother and efficient plant operations as they not only control and regulate the position of valves and flow, but also help identify problems. This helps in maintenance and turnover time reduction, which can drastically impact plant performance. This is expected to create significant demand for digital valve positioners during the forecast period.
Digital valve positioners are widely used across industries such as chemical, petrochemical, pharmaceutical and oil & gas as pipeline and plant operations play an important role in these industries. Refineries and oil & gas pipelines are significant drivers for the digital valve positioner market. With stabilizing oil & gas prices, the oil & gas industry has witnessed significant recovery since the crude oil price downfall in 2014-2015. This has led to a significant increase in the demand for digital valve positioners in the oil & gas industry. Likewise, petrochemical and chemical industries are expected to create substantial demand for digital valve positioners during the forecast period.
Digital Valve Positioner Market: Segmentation
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Digital Valve Positioner Market: Regional Outlook
North America is expected to hold a substantial share in the digital valve positioner market as the region has prominent presence of oil & gas, petrochemical and pharmaceutical industries. Europe is estimated to register moderate demand during the forecast period in the digital valve positioner market as a large number of chemical and pharmaceutical companies are based in the region.
China and India have been witnessing steady growth in their oil & gas and petrochemical industries, which can be attributed to the growing urbanization and industrialization in these countries. This is expected to drive the digital valve positioner market in the Asia-Pacific region. Asia Pacific is also expected to witness a significant growth rate in the digital valve positioner market during the forecast period.
Digital Valve Positioner Market: Key Players
Examples of some of the market participants in the global digital valve positioner market identified across the value chain include:
- Nihon Koso Co., Ltd.
- GEMÜ Group
- Schneider Electric
- Buerkert
- Azbil Corporation
- Rotork
- ABB
- Siemens Ltd.
- General Electric
- Metso Corporation
- Flowserve Corporation
- Emerson Electric Co.
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