The present invention applies to the hydraulic axial piston regulating valve with a linear position sensor, consisting of the valve body (1) and the central part (2), around which the fluid flows when the valve is opened, the hydraulic cylinder (3) with the piston (4) and the piston rod (5), to which the valve regulating piston (12) is firmly fastened. The linear position sensor (8) is placed inside the hydraulic cylinder, and in the electric version of the valve, the sensor with the magnetostrictive waveguide (20) is used. The present invention applies also to the utilization of the linear response of such valves for the regulation purpose using various driving aids; as e.g. electro-hydraulic drive, pneumatic drive or autonomous drive using the energy of the fluid flowing in the pipeline.