According to a new market research report “Valves, Actuators and Positioners Market (2015 – 2020) – By Application (Aerospace, Automotive, Electronics & Others); By Valve type (Control, Isolation & others); By Actuator type (Hydraulic, Pneumatic, Electric & others); By Positioner type (Pneumatic and Electro pneumatic - Global Forecast to 2020”. Valves, Actuators and Positioners Market is expected to grow at a healthy CAGR of 3.6% during the forecast period.
Browse Market Data Tables and Figures spread through 170 pages and in-depth TOC on “Valves, Actuators and Positioners Market - Global Forecast to 2020".
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, subcomponents 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.
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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.
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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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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