The lined valve global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lined Valve Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lined valve market size has grown strongly in recent years. It will grow from $3.10 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to increasing demand from chemical processing industries, rise in environmental regulations promoting safer valve technologies, growth in water treatment infrastructure projects, rise in the use of lined valves in mining operations, increasing focus on corrosion-resistant materials.
The lined valve market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing investments in water treatment infrastructure, rising demand for lined valves in oil and gas applications, growth of pharmaceutical and biotechnology industries, increasing focus on energy efficiency in manufacturing, rising demand for specialty chemical production, rising exploration activities in mining and minerals sectors. Major trends in the forecast period include adoption of smart valve technologies, development of eco-friendly lined valve solutions, integration of internet of things (IoT) for remote valve monitoring and maintenance, advancement in valve sealing technologies, growing focus on automation technology.
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Scope Of Lined Valve Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lined Valve Market Overview
Market Drivers –
The expansion of the oil and gas sector is expected to propel the growth of the lined valve market going forward. The oil and gas sector is an industry that involves the exploration, extraction, refining, transportation, and marketing of petroleum products. The global energy demand continues to rise, driven by population growth and economic development that stimulate the growth of the oil and gas sector. Lined valves support the expansion of the oil and gas industry by ensuring efficient and reliable flow control, reducing maintenance costs, and enhancing operational safety. For instance, in April 2024, according to the US Energy Information Administration (EIA), a US-based government agency, China imported 11.3 million barrels of crude oil per day in 2023, reflecting a 10% increase compared to 2022. Therefore, the expansion of the oil and gas sector is driving the growth of the lined valve market.
Market Trends –
Major companies operating in the lined valve market are developing innovative products with advanced technologies, such as smart valve positioner technology, to enhance control accuracy and efficiency in industrial processes. Smart valve positioner technology automatically adjusts valve positions using sensor feedback and sophisticated control algorithms, improving process control effectiveness and reliability through precise valve positioning. For instance, in April 2022, Emerson, a US-based technology and software company, obtained approval from the U.S. Federal Communications Commission for its TopWorx PD Series Smart Valve Positioner. TopWorx PD Series Smart Valve Positioner utilizes 4–20 mA loop signals and HART protocols for precise valve control, featuring Hall effect position detection and dual configurable alarms. It is designed for rotary and linear actuators in the oil and gas, chemical processing, and power generation industries, ensuring easy installation and reliable operation in challenging environments.
The lined valve market covered in this report is segmented –
1) By Type: Ball Valve, Butterfly Valve, Plug Valve, Globe Valve, Gate Valve, Other Types
2) By Material: Polytetrafluoroethylene (PTFE), Perfluoroalkoxy (PFA), Modified Polytetrafluoroethylene (TFM), Polychlorotrifluoroethylene (PCTFE), Other Materials
3) By Industry: Chemical, Petrochemical, Pharmaceuticals, Food And Beverages, Pulp And Paper, Other Industries
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Regional Insights –
Asia-Pacific was the largest region in the lined valve market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the lined valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the lined valve market are <b>Honeywell International Inc., Schlumberger NV, Emerson Electric Co., Pentair plc, Flowserve Corporation, Entegris Inc., KSB SE & Co. KGaA, Crane Company, KITZ Corporation, samsoncontrols.net, Bürkert Fluid Control Systems, Bray International, DeZURIK, Mueller Co. LLC, AZ Armaturen, FluoroSeal Group, InterApp AG, Bueno Technology Co. Ltd., ChemValve Schmid AG, EBRO Armaturen Gebr, Sigma Polymers Engineering Company</b>
Table of Contents
1. Executive Summary
2. Lined Valve Market Report Structure
3. Lined Valve Market Trends And Strategies
4. Lined Valve Market – Macro Economic Scenario
5. Lined Valve Market Size And Growth
…..
27. Lined Valve Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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