Lined Valve Market

Market Leaders- Top Lined Valve

The global lined valve market size is expected to grow from USD 3.4 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2%. The rising necessity for adhering to government guidelines regarding process safety, the growing potential of end-user industries such as chemical and petrochemical, and the growing need for ensuring the purity of operations in the pharmaceutical industry are the key factors driving the lined valve market.

The key players operating in the lined valve market include the major players which operate in different stages in the entire value chain of the lined valve; these players are Emerson (US), Flowserve Corporation (US), Crane Co. (Sweden), Neles (Finland), and KITZ Corporation (Japan). To stay competitive in the market and to increase their footprint in the global market, these players have adopted various strategies, including increasing investments in R&D, new product launches, increasing number of acquisitions, mergers, partnerships, strategic alliances, and planned geographic expansions.

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One of the most important business strategies Emerson employs is to deliver solutions to customers by manufacturing high-quality products at the most relevant and globally accepted cost, which forms the basis of the company’s competitive strategy. Emerson’s regional manufacturing strategy, coupled with strong supplier relationships and multi-sourcing arrangements, has enabled it to effectively mitigate day-to-day challenges such as multidimensional disruptions (political, social, and economic) and competitive rivalry and maintain optimum financial performance.

Flowserve Corporation has pursued a strategy of industry diversity and geographic breadth, which enables them to minimize the impact of normal economic downturns occurring due to the adverse effect on any industry or any part of the world. Additionally, as part of the company’s growth strategy, Flowserve Corporation reviews its capacity requirements from time to time. It ensures their current facilities are adequate for meeting the production requirements of their present and near future operations. The company also invests in its aftermarket strategy to provide local support for driving customer investments in its offerings. The aftermarket business is primarily served by the company’s global network of 155 QRCs, which help provide customers with various service offerings, including service solutions, spare parts, product life cycle solutions, and other value-added services. The aftermarket strategy also promotes the customer’s preference to avail of the company’s installation or repair services, thereby increasing customer engagement with the brand. Moreover, the aftermarket strategy also helps the organization to ensure business stability during various economic periods.

Neles(Valmet), as part of its sales strategy, have devised a systematic process for evaluating, onboarding, and managing its global sales partners, enabling them to ensure positive customer satisfaction worldwide. Neles focuses on an acquisition strategy to complement its offerings. For instance, Neles acquisition of Flowrox in 2021 allowed the company to strengthen its product line in the metals and mining industry. This acquisition strategy helps Neles leverage growth opportunities and enhance its geographic presence.

Crane Co. focuses on a strategy based on the manufacturing of highly engineered industrial products, with the aim of targeting specific markets. This strategy helps the organization to leverage their technological and vertical expertise and to take advantage of their scale. Further, this strategy enhances the company’s capabilities to fulfil diversified customer needs.. This strategy helps the company to increase its earnings and generate positive cash flows. With respect to the process flow solutions business, the company focuses on driving its gains by reducing lead times for product modifications to meet customer needs, improving the efficiency of front-end processes, including order quote times, and through localization in India, China, and the Middle East.

KITZ Corporation has a strong global sales network. The company has established regional headquarters covering multiple functions such as sales, marketing, engineering, maintenance, and service for each area, helping better satisfy local customers’ needs. Apart from the representative offices in UAE and India, the company has established dedicated sales offices in multiple countries, including China, Korea, Singapore, Hong Kong, Malaysia, Vietnam, Spain, Brazil, and the US. This helps the company to increase responsiveness to customer demands and queries. KITZ Corporation is focused on developing a global network of manufacturing facilities in the most suitable locations resonating with the company’s business. Under this strategy, Japan plays a major role as the global command center for other manufacturing facilities. This strategy has propelled the organization to set up international factories in Thailand, Korea, Taiwan, India, China, Spain, Germany, and Brazil.

Related Reports:

Lined Valve Market by Type (Ball Valve, Butterfly Valve, Globe Valve, Plug Valve, Gate Valve), Material (Polytetrafluoroethylene (PTFE), Perfluoroalkoxy (PFA), Polychlorotrifluoroethylene(PCTFE) ), Industry and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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[email protected]

Lined Valve Market Size,  Share & Growth Report
Report Code
SE 5934
RI Published ON
12/19/2022
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