In today’s dynamically changing
and competitive world, the intensity of technological changes has become the
hallmark of industrial, commercial and residential productivity evolution. It
is hence vital for components, sub-components and machineries which drive such
innovation to be highly efficient and reliable. Valves,
Actuators and Positioners is
one such market which is critical in almost all industries, from simple
applications such as distribution of water to households and industries to
complex applications such as drilling and extraction of oil & gas, chemical
treatment, power generation and so on. They are vital in enhancing
productivity, and are often the final control component in the operation of a
variety of equipment.
Table
of Contents and Insights:
Valve is a device which is used to control/
regulate and direct the flow of liquid and gases. Actuator is a device which performs a
mechanical motion as output by consuming particular form of energy (normally it
is electric, pneumatic or hydraulic) as input. An actuator which is used to
control the movement of the valve shaft is known as a valve
actuator. Positioner is a controller which monitors and
controls the movement of system based on signals and pre-defined conditions. In
addition to an actuator, a positioner can also be used to control a valve.
Global Valve Actuator Positioner Market Revenue, 2014-2020 ($bn)
Source: IndustryARC Analysis, Expert
Insights
"According to a recent report by
IndustryARC, the overall market for Valves, Actuators and Positioners was
around $36 billion in 2014. The cumulative market is estimated to grow with a
CAGR of 3.6% through 2020. By 2020 the overall market is estimated to generate
revenue of $42.6 billion."
APAC occupied the highest share in the revenue
generated by Valves, Actuators and Positioners in 2014. Ongoing economic developments
in countries such as China, India and Vietnam and so on combined with the high
market potential for various industries such as Chemical, Mining and Marine is
the driving force facilitating the growth for this industry. The next major
market is the North American and European regions. Though the rate at which the
industry is growing in these regions is quite low, Industrialization and
growing demand are the growth factors in this region.
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for Sample Data/Brochure:
Some of the major industries where Valves
Actuators and Positioners are
used include Oil & Gas, Power Generation
(Thermal/Solar/Nuclear/Hydro/Wind), Chemical processing, Mining, Marine, Water
& Waste Water Treatment, Food & Beverage and many others. Oil
& Gas and Chemical Industry occupy the top spots in terms of
revenue generated by Valves, Actuator and Positioner industry. Solar
PV Industry contributes
to 7% of revenue in 2014. These components, in Solar PV industry are used in
wide range of applications such as to control the movement of heliostats, to
regulate the flow of molten salt in Power Unit, for pressure control and so on.
Increasing demand for electricity across the world combined with focus on
energy generation from renewable sources is the major driving force for this
market. This industry is in growth stage and would provide huge opportunity to
valves actuators and positioners manufacturers.
VAP market is a mature industry with no major
developments in the past. Hence, new application developments are the major
driving force for this market. Government regulations and impositions which
limit the development of an industry combined with the drop in O&G and
metals are some of the major challenges faced by this industry.
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About
IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports annually
in various industries, such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food & Beverages,
Information Technology, Life sciences & Healthcare.
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primarily focuses on Cutting Edge Technologies and Newer Applications of the
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