Press release
Lined Valve Market Trends That Will Shape the Next Decade: Insights from Innovative Smart Valve Positioner Technology In The Lined Valve Market
Lined Valve
How Large Will the Lined Valve Market Size By 2025?
Over recent years, the lined valve market has seen robust growth. It is projected to increase from $3.26 billion in 2024 to $3.43 billion in 2025, at a compound annual growth rate (CAGR) of 5.5%. Factors that contributed to historical growth include a surge in demand from chemical processing industries, enhanced environmental regulations advocating safer valve technologies, expansion of water treatment infrastructure projects, growing utilization of lined valves in mining operations, and an increased emphasis on corrosion-resistant materials.
How Big Is the Lined Valve Market Size Expected to Grow by 2029?
The expansion of the lined valve market is anticipated to be robust in the upcoming years, surging to a value of $4.19 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. This predicted growth during the forecast period can be ascribed to the uptick in expenditure towards water treatment infrastructure, an escalating need for lined valves in the oil and gas industry, expansion of the pharmaceutical and biotechnology sectors, growing emphasis on energy efficiency in the manufacturing sphere, burgeoning demand for special chemical production, and increasing exploration activities in the mining and minerals sectors. Some prominent trends for the forecast period are the adoption of intelligent valve technologies, creation of environmentally-friendly lined valve solutions, employment of internet of things (IoT) for remote valve supervision and upkeep, evolution in valve sealing technologies, and a deepening focus on automation technology.
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Which Key Market Drivers Powering Lined Valve Market Expansion and Growth?
The burgeoning oil and gas industry is set to boost the growth trajectory of the lined valve market. This industry entails the discovery, extraction, refinement, transportation, and promotion of petroleum products. The ever-increasing global energy requirement, fueled by population expansion and economic progress, encourages the growth of the oil and gas industry. Lined valves play a crucial role in this growth by providing efficient and reliable flow control, reducing the need for maintenance, and ensuring safety during operations. For example, in April 2024, the US Energy Information Administration (EIA), a government-based agency in the US, reported that in 2023, China imported 11.3 million barrels of crude oil daily, marking a 10% uptick from 2022. Consequently, the flourishing oil and gas industry is acting as a catalyst for the growth of the lined valve market.
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Which Fast-Growing Trends Are Poised to Disrupt the Lined Valve Market?
Key players in the lined valve market are focusing on the creation of technologically advanced and innovative goods, such as the smart valve positioner technology, which enhances efficiency in industrial procedures. The smart valve positioner technology uses sensor feedback and complex control algorithms to auto-adjust valve positions, thereby increasing the effectiveness and dependability of process control through exact valve positioning. To illustrate, in April 2022, the U.S. Federal Communications Commission granted approval to Emerson, a technology and software company based in the US, for its TopWorx PD Series Smart Valve Positioner. The device effectively uses 4-20 mA loop signals and HART protocols for precise valve control, featuring dual configurable alarms, and Hall effect position detection. The TopWorx PD Series Smart Valve Positioner has been crafted to fit rotary and linear actuators in industries including oil and gas, chemical processing, and power generation. It guarantees straightforward installation and trustworthy operation in complex settings.
What Are the Emerging Segments in the Lined Valve Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Lined Valve Industry?
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.
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