Electro Pneumatic Positioner Market – Outline
Rising adoption of various emerging smart and cutting edge technologies is expected to fuel growth in the global electro pneumatic positioner market in coming years. Products in the global electro pneumatic positioner market, electro pneumatic positioners are electro-mechanical devices that facilitate the motion control in actuators and valves. They feature advanced scope for programmability and provide superior efficiency as compared to conventional positioners. Increasing adoption of the smart positioners in various industry verticals is expected to create opportunities for industry players to build efficient and smooth systems. Introduction and increasing acceptance of industrial internet of things (IIoT) is also anticipated to create numerous lucrative opportunities in the global electro pneumatic positioner market in coming years.
Benefits offered by electro pneumatic positioners such as efficient programmability and accuracy of positioners are currently driving the demand for products in the global electro pneumatic positioner market. However, low mechanical durability of these electro pneumatic positioners can hamper growth of the global electro pneumatic positioner market in coming years. Rising scope for applications in industry automation through integration of advanced smart positioners can also provide ample opportunities for vendors in global electro pneumatic positioner market in near future. Enhanced motion control and superior precision offered by electro pneumatic positioner are the key factors for this emerging trend.
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Electro-Pneumatic Positioner: Introduction
- Electro-pneumatic positioner is an equipment that controls the motion involved in the valves and actuators that improves the productivity of the equipment.
- Electro-pneumatic positioners are made of vibration-resistant and corrosion-resistant aluminum die-cast. It provides a simple structure for feedback connection, sensitive response, and easy maintenance.
- The two types of electro-pneumatic positioners available in the market includes linear acting, and rotary acting electro-pneumatic positioners. These are used in chemical, electric power generation, metals & mining, textile, marine, oil & gas, refining, and water & wastewater end-use industries.
- Manufacturers are moving from conventional pneumatic positioners to fully digitalized electro-pneumatic positioners.
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Rise in Demand in the Oil & Gas Industry
- By end-use industry, the oil & gas industry is expected the fastest growing segment of the electro-pneumatic positioner market during the forecast period.
- Consumption of fuel & gas is increasing globally and companies operating in the oil & gas industry are always looking to cut their operating costs and enhance the overall efficiency of oil & gas plants. This encourages the installation of electro-pneumatic positioners in control valve assemblies that supports efficient plant operations of the oil & gas industry.
- Moreover, electro-pneumatic positioners are critical components which determine plant efficiency. This is expected to drive the demand for electro-pneumatic positioners in new installations.
- Profit margins get reduced and presence of unorganized manufacturers hinders the entry of national and international suppliers. These are major restraints of the global electro-pneumatic positioner market.
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Asia Pacific to Lead the Electro-Pneumatic Positioner Market
- In terms of region, the global electro-pneumatic positioner market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to witness the highest growth in the electro-pneumatic positioner market throughout the forecast period due to rising urban population in APAC, positive prospects for the oil & gas industry in the region, and growth in pipelines in Asian countries such as China, Japan, India, Indonesia, and Australia.
- Moreover, the high demand for new and improved wastewater treatment systems, and growing recognition of water as a resource for various purposes in manufacturing and agriculture also propels the growth of the electro-pneumatic positioner market in the region.
- North America is expected to hold the second largest share of the electro-pneumatic positioner market during the forecast period due to increased spending on electro-pneumatic positioners in the next few years, and the high growth of the oil and gas industry that increases the use of electro-pneumatic positioners.
- The electro-pneumatic positioner market in Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Electro-Pneumatic Positioner Market
The global electro-pneumatic positioner market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for electro-pneumatic positioners. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.
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