Press release
Lined Valve Market Set to Reach $4.19 Billion by 2029 with 5.1% Yearly Growth
Lined Valve Market Size
The expansion of the oil and gas sector is expected to boost the growth of the lined valve market. The oil and gas industry is growing due to increasing global energy demand, driven by population growth and economic development. Lined valves are essential in ensuring safe and efficient flow control, reducing maintenance costs, and enhancing safety in the oil and gas industry. According to the U.S. Energy Information Administration, China's crude oil imports increased by 10% in 2023. This growth in the oil and gas sector is supporting the lined valve market.
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What growth opportunities are expected to drive the lined valve market's CAGR through 2034?
The lined valve market will grow from $3.26 billion in 2024 to $3.43 billion in 2025 at a CAGR of 5.5%, driven by chemical processing demand, water treatment projects, and the rise of corrosion-resistant materials.
The lined valve market is projected to reach $4.19 billion by 2029, experiencing a CAGR of 5.1%. Growth is driven by investments in water treatment infrastructure, demand in the oil and gas sector, and expansion in pharmaceuticals and specialty chemicals. Trends include smart valve technologies, IoT-enabled monitoring, eco-friendly solutions, and automation advancements.
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What are the emerging trends shaping the future of the lined valve market?
Companies in the lined valve market are introducing innovations like smart valve positioners to improve control accuracy and process efficiency. Smart valve positioners adjust valve positions automatically using sensor feedback, ensuring precise process control. For example, in April 2022, Emerson, a US-based technology company, received approval for its TopWorx PD Series Smart Valve Positioner. This device uses 4-20 mA loop signals and HART protocols for precise control, making it ideal for the oil, gas, chemical, and power generation industries.
Which growth-oriented segments of the lined valve market are leading the industry's development?
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
Subsegments:
1) By Ball Valve: Full Port Ball Valve, Standard Port Ball Valve, V-Port Ball Valve
2) By Butterfly Valve: Wafer Butterfly Valve, Lug Butterfly Valve, Double Offset Butterfly Valve
3) By Plug Valve: Lubricated Plug Valve, Non-Lubricated Plug Valve, Eccentric Plug Valve
4) By Globe Valve: Tee Pattern Globe Valve, Angle Pattern Globe Valve, Wye Pattern Globe Valve
5) By Gate Valve: Wedge Gate Valve, Parallel Slide Gate Valve, Knife Gate Valve
6) By Other Types: Diaphragm Valve, Check Valve, Pinch Valve
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What regions are leading the charge in the lined valve market?
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.
What companies are at the forefront of innovation in the lined valve market?
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
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What Is Covered In The Lined Valve Global Market Report?
•Market Size Forecast: Examine the lined valve market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lined valve market for a structured understanding.
•Key Players Overview: Analyze major players in the lined valve market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lined valve market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lined valve market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lined valve market.
•Industry Challenges: Identify potential risks and obstacles affecting the lined valve market.
•Competitive Landscape: Review strategic developments in the lined valve market, including expansions, agreements, and new product launches.
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