Electro Pneumatic Positioners Market Size, Share, Growth, and Industry Analysis, By Type (Single Acting Type, Double Acting Type), By Application (Chemical Industry, Oil Industry, Other), Regional Insights, and Forecast To 2032

Updated On: 08 July 2024

electro pneumatic positioners market REPORT OVERVIEW

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The global electro pneumatic positioners market size was USD 785.2 million in 2022 and is expected to reach USD 905.3 million by 2028, at CAGR of 2.4% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, electro pneumatic positioners experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

An electro pneumatic positioner comprises a piece of machinery that makes it easier to help control the movements of valves and actuators. Additionally, the increased efficiency and programmability of these devices have a wide range of applications in numerous end-user sectors. The efficiency of the equipment is increased by the use of electro pneumatic positioners for motion to regulate industrial automation.

In the upcoming years, demand for electro pneumatic positioners is anticipated to be driven by elements like effective programmability and positioner precision. Additionally, it is projected that the growing use of smart positioners and the IIoT also referred to as industrial internet of things will support demand for this equipment over the projection period.

COVID-19 Impact: Protracted Lockdown to Deplete Market Share

The COVID-19 outbreak halted manufacturing of a number of goods within the global market, mostly as a result of the protracted lockdown in important international markets. This has substantially slowed the expansion of the market during the past few months, and it will probably do so throughout 2020.

Equipment and machinery sales have already been impacted by COVID-19 in the initial quarter of 2020, and the market growth is projected to suffer throughout the year. The primary need for machinery and other supplies was previously observed from large manufacturing nations that are severely impacted by the coronavirus outbreak, which halted the demand for such items. Furthermore, the lockdown's potential effects are now unknown, and a company's ability to recover financially depends entirely on its reserves of cash. For the equipment and machinery industries, a total lockdown is only realistic for a few months; beyond that, players would need to alter their investment plans.

Manufacturers of machinery and equipment must prioritize safeguarding their personnel, company operations, along with supply chains in order to respond to urgent emergencies and devise new operational strategies to advance in the coming years.

LATEST TRENDS

"Individually Designed Positioners to Stimulate Market Development"

One of the main drivers of the electro pneumatic positioners market share expansion is the rising demand for individually designed electro pneumatic positioners. The market offers a wide variety of positioners that may be customized in terms of coat and body material. Numerous adjustable product options make it easier for various end customers to choose the best options for their applications. For instance, because these positioners are subjected to a variety of chemically aggressive liquids, vendors in the chemicals and petrochemical industry use valve positioners with anti-corrosion coating capabilities.

electro pneumatic positioners market SEGMENTATION

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• By Type

Based on type; the market is divided into single acting type, double acting type

Single acting type is the leading part of the type segment.

• By Application

Based on the application; the market is divided into chemical industry, oil industry, other

Chemical industry is the leading part of the application segment.

DRIVING FACTORS

"Employment Opportunities to Aid Market Expansion  "

The urbanization of the world's population creates employment opportunities and raises people's income levels. The electro pneumatic positioners market has chances to grow as a result of the aforementioned reasons of rising population, urbanization, and consumer living standards. This subsequently is promoting expansion in the global transportation, aviation, and tourist sectors.

The use of gasoline has significantly increased over the past few years due to the increase in construction activity around the world. These elements continue to support the expansion of the global energy sector by boosting worldwide demand for and utilization of oil and gas. By extension, this promotes the expansion of the pneumatic positioner industry as a whole.

"Incorporation of Several Technologies to Foster Industry Progress "

IoT, machine learning, data science, and artificial intelligence technologies have all greatly aided the electro pneumatic positioners market growth. The use of digital or "smart" valve positioners is expanding, and this is a major trend that is propelling the industry. By gathering information about the valves, these positioners are able to determine how well they are working. As a result, producers are able to create analytical models that aid in increasing the plant's operational efficiency. Future market expansion for electro pneumatic positioners is anticipated as a result of this.

RESTRAINING FACTOR

"Price Volatility of Raw Materials to Stop Market Evolution "

The price volatility of raw materials used in manufacturing is a restraint since it prohibits manufacturing enterprises from implementing pneumatic positioners, which in turn restrains the market's expansion.

electro pneumatic positioners market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market owing to Advanced Wastewater Treatment Technologies "

From 2019 to 2027, Asia Pacific is expected to have the highest demand for pneumatic positioners. In the near future, it is projected that the Asia Pacific market will grow quickly. Asian nations including China and India are expanding rapidly in the industrial sector, which includes the water & treatment of waste water, oil and gas, chemicals and petrochemical, metal and mining, and other associated businesses.

This is anticipated to play a significant role in boosting the market in the area by increasing demand for pneumatic positioners. Additionally, an increasing urban population has increased the need for advanced wastewater treatment technologies. The need for pneumatic positioners within Asia Pacific is anticipated to increase as a result.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Emerson (U.S.)
• Flowserve (U.S.)
• Rotork (U.K.)
• SAMSON Controls (India)
• Siemens (Germany)
• ABB (Switzerland)
• AIRA EURO AUTOMATION (India)
• Budenberg Gauge (U.K.)
• EBRO ARMATUREN (Germany)
• EGMO (Israel)
• Flucon Automation (U.S.)
• KSB Pumps (India)
• SMC (Japan)
• Valve Related Controls (U.S.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.