1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Breakdown of primaries 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 23
2.4.1 ASSUMPTIONS 23
2.4.2 LIMITATIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 28
4.1 VALVE POSITIONER MARKET OPPORTUNITIES 28
4.2 VALVE POSITIONER MARKET, BY TYPE (2019–2024) 28
4.3 VALVE POSITIONER MARKET, BY ACTUATION 29
4.4 VALVE POSITIONER MARKET IN ROW, BY REGION 29
4.5 VALVE POSITIONER MARKET, BY INDUSTRY AND GEOGRAPHY 30
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5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increasing importance of monitoring and control in
process industries for efficient output 32
5.2.1.2 Rising demand for fuel and power 32
5.2.2 RESTRAINTS 33
5.2.2.1 Lack of standardized norms and governing policies 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Deployment of IIoT and rising awareness regarding digitalization 33
5.2.4 CHALLENGES 33
5.2.4.1 Positioner overshoot hinders the operation of control valves 33
5.2.4.2 Keeping pace with advancements in IIoT and digitalization 34

6 VALVE POSITIONER MARKET, BY TYPE 35
6.1 INTRODUCTION 36
6.2 PNEUMATIC POSITIONER 37
6.2.1 PNEUMATIC POSITIONER ENSURES ACCURATE OPERATION OF
CONTROL VALVES DEALING WITH PNEUMATIC SIGNALS 37
6.3 ELECTRO-PNEUMATIC POSITIONER 37
6.3.1 KEY FEATURES OF ELECTRO-PNEUMATIC POSITIONER MAKE IT WIDELY ADOPTED ACROSS INDUSTRIES 38
6.4 DIGITAL POSITIONER 38
6.4.1 DIGITAL POSITIONERS ARE WIDELY PREFERRED OVER ANALOG POSITIONERS 38

7 VALVE POSITIONER MARKET, BY ACTUATION 40
7.1 INTRODUCTION 41
7.2 SINGLE-ACTING POSITIONER 42
7.2.1 SINGLE-ACTING POSITIONERS ACCOUNT FOR A LARGER MARKET
SHARE AS COMPARED TO DUAL-ACTING POSITIONERS 42
7.3 DOUBLE-ACTING POSITIONER 43
7.3.1 DOUBLE-ACTING POSITIONER HAS A COMPARATIVELY COMPLEX
WORKING MECHANISM 43

8 VALVE POSITIONER MARKET, BY INDUSTRY 44
8.1 INTRODUCTION 45
8.2 OIL & GAS 46
8.2.1 DIGITAL VALVE POSITIONERS MINIMIZE THE DAILY MAINTENANCE WORK IN OIL & GAS PLANTS 47
8.3 WATER & WASTEWATER 47
8.3.1 VALVE POSITIONERS SUPPORT EFFECTIVE MANAGEMENT AND UTILIZATION OF WATER 48
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8.4 ENERGY & POWER 48
8.4.1 VALVE POSITIONERS HELP CONTROL VALVES PERFORM BETTER IN
POWER STATIONS 49
8.5 CHEMICALS 49
8.5.1 SUSTAINABLE DEVELOPMENT OF CHEMICALS INDUSTRY FUELS
THE GROWTH OF THE VALVE POSITIONER MARKET 50
8.6 PAPER & PULP 50
8.6.1 VALVE POSITIONERS HELP IN PREDICTIVE MAINTENANCE OF
EQUIPMENT USED IN PAPER AND PULP MANUFACTURING 51
8.7 PHARMACEUTICALS 51
8.7.1 VALVE POSITIONERS KEEP A WATCH OVER THE FLOW CONTROL OF PROCESSES IN THE PHARMACEUTICALS INDUSTRY 51
8.8 METALS & MINING 52
8.8.1 RISING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGES THE USE OF VALVE POSITIONERS IN THE METALS & MINING INDUSTRY 52
8.9 FOOD & BEVERAGES 53
8.9.1 VALVE POSITIONER OFFERS MONITORING AND SELF-DIAGNOSIS OF
THE FERMENTATION PROCESS IN THE FOOD INDUSTRY 53
8.10 OTHERS 54

9 VALVE POSITIONER MARKET, BY REGION 55
9.1 INTRODUCTION 56
9.2 NORTH AMERICA 57
9.2.1 US 59
9.2.1.1 ExxonMobil placed customized pump systems and resourceful positioner packages for the critical functions of its floating platforms 60
9.2.2 CANADA 60
9.2.2.1 Need for strong heating and HVAC applications to boost the valve positioner market in Canada 60
9.2.3 MEXICO 60
9.2.3.1 Growing process industry to help enhance the valve positioner
market in Mexico 60
9.3 EUROPE 65
9.3.1 UK 66
9.3.1.1 Water & wastewater industry to support the valve positioner
market in the UK 66
9.3.2 GERMANY 67
9.3.2.1 Growing process industries and valve market in Germany encouraging the valve positioner market 67
9.3.3 FRANCE 67
9.3.3.1 Nuclear plants to drive the demand for valve positioners in France 67
9.3.4 REST OF EUROPE 67
9.4 APAC 72
9.4.1 CHINA 73
9.4.1.1 Medium-sized players to support the export of valve-related
products in the country 73
9.4.2 JAPAN 74
9.4.2.1 Reintegration of nuclear plants likely to boost the growth of the valve positioner market in Japan 74
9.4.3 INDIA 74
9.4.3.1 Growing demand for power and effective water management to propel the growth of the valve positioner market in India 74
9.4.4 REST OF APAC 74
9.5 REST OF THE WORLD (ROW) 79
9.5.1 MIDDLE EAST & AFRICA 80
9.5.1.1 Oil & gas industry to uplift the valve positioner market in the
Middle East 81
9.5.2 SOUTH AMERICA 81
9.5.2.1 Brazil is a significant contributor to the growth of the valve positioner market in South America 81

10 COMPETITIVE LANDSCAPE 87
10.1 OVERVIEW 87
10.2 COMPETITIVE ANALYSIS 87
10.2.1 RANKING ANALYSIS OF VALVE POSITIONER MARKET, 2018 87
10.3 COMPETITIVE LEADERSHIP MAPPING, 2018 88
10.3.1 VISIONARY LEADERS 88
10.3.2 INNOVATORS 88
10.3.3 DYNAMIC DIFFERENTIATORS 88
10.3.4 EMERGING COMPANIES 88

11 COMPANY PROFILES 90
11.1 KEY PLAYERS 90
(Business Overview, Products Offered, SWOT Analysis, and MnM View)*
11.1.1 EMERSON ELECTRIC 90
11.1.2 ABB 92
11.1.3 SIEMENS 94
11.1.4 SCHNEIDER ELECTRIC 96
11.1.5 FLOWSERVE 98
11.1.6 SMC 101
11.1.7 AZBIL 103
11.1.8 BAKER HUGHES 105
11.1.9 ROTORK 107
11.1.10 METSO 109
* Business Overview, Products Offered, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
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11.2 OTHER PLAYERS 111
11.2.1 SAMSON CONTROLS 111
11.2.2 VRG CONTROLS 111
11.2.3 FESTO 112
11.2.4 CIRCOR INTERNATIONAL 112
11.2.5 CONTROLAIR 113
11.2.6 CRANE 113
11.2.7 BURKERT 114
11.2.8 GEMU GROUP 114
11.2.9 DWYER INSTRUMENTS 115
11.2.10 VALVE RELATED CONTROLS 115
11.2.11 POWER-GENEX 115
11.2.12 VAL CONTROLS 116
11.2.13 BRAY INTERNATIONAL 116
11.2.14 NIHON KOSO 116
11.2.15 SPIRAX SARCO 117

12 APPENDIX 118
12.1 INSIGHTS OF INDUSTRY EXPERTS 118
12.2 DISCUSSION GUIDE 119
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 122
12.4 AVAILABLE CUSTOMIZATIONS 124
12.5 RELATED REPORTS 124
12.6 AUTHOR DETAILS 125