Press release
Lined Valve Market Size, Share Analysis, Global Report 2024-2033
Lined Valve Market
As per the report, 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 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%.
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Impact Of Oil And Gas Sector Expansion On The Lined Valve Market
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.
Innovative Smart Valve Positioner Technology In The Lined Valve Market
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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Major companies operating in the lined valve market are 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
Contents of the report:
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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