The North America Valve Positioner Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Positioner enables the exact positioning of valves in response to the controller's output signal, even in the presence of significant disturbances brought on by uneven force applied on the stem of the valve, variations in actuator temperature, etc. When a positioner is employed to communicate the valve position, even a comparatively small actuator that would otherwise have to be marked to an undesirable degree can be stroked precisely.
Pneumatic, electro-pneumatic, and digital are the three fundamental types of valve positioners. These vary depending on whether the actuator is moved by air or electricity. Signals are sent and received using pneumatic equipment. They can use a lot of force to seal a valve and are inherently safe. Electrical signals are both received and sent by electric valve positioners. Direct current (DC) voltage, three-phase alternating current (AC), and single-phase are main kinds of electric actuation.
Current control signals are converted to equivalent pneumatic signals by electro-pneumatic valve positioners. They combine the use of air with electricity. In digital valves, positioners Microprocessors are used. These are also called smart valve positioners. These are more accurate than analog positioners, require less air, and support online digital diagnostics.
In Canada, CP industries make up about one-third of the manufacturing GDP. The most prominent CP industry is the food and beverage industry, which is working with technological advancements to prioritize efficiency and quality control. In addition, the high density of the labor pool and proximity to several influential nations have made Mexico a favored location for international companies to establish their bases. As a result, vehicles, electrical equipment, gasoline, medical devices, and plastics are some of the main exports from Mexico. In general, it is expected that the consumer products sector will keep expanding in the future, particularly in North America. Consequently, this is propelling the growth of the valve positioner market.
The US market dominated the North America Valve Positioner Market by Country in 2021; thereby, achieving a market value of $523.8 Million by 2028. The Canada market is experiencing a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on Type, the market is segmented into Digital, Pneumatic and Electro-Pneumatic. Based on Actuation, the market is segmented into Single-Acting and Double-Acting. Based on Industry, the market is segmented into Energy & Power, Chemical, Oil & Gas, Food & Beverage, Water & Wastewater Treatment, Metal & Mining, Pharmaceutical, Paper & Pulp and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Valve Positioner Market is Predict to reach $2.5 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Emerson Electric Co., Baker Hughes Company, SMC Corporation, Flowserve Corporation, Valmet Oyj, Azbil Corporation and Badger Meter, Inc.
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