Press release
Butterfly Valves Market Strategic Analysis and key Business Influencing Factors 2018- 2025
butterfly valves
Surge in demand from the oil & gas industry, increase in utilization of power in industrial processes, and rise in need for automation in process industries drive the growth in the market.
However, high level of competition from local players and possibility of choking and cavitation hinder the market growth. On the other hand, increase in demand for industrial infrastructure and untapped potential in emerging economies create new opportunities in the market.
Based on motor type, the high-performance butterfly valve segment held the major market share in 2017, accounting for nearly two-thirds of the total revenue. This segment is estimated to register the fastest CAGR of 6.8% from 2018 to 2025, owing to flow path, high capacity, and ability offered by them to pass solid & viscous media. The research also analyzes the lined butterfly valve segment.
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On the basis of end user, the oil & gas industry accounted for nearly two-fifths of the total share in 2017 and will maintain its lead position throughout the forecast period. This is attributed to rise in demand for the upstream exploration, midstream transmission, and downstream refining. However, the water & waste water segment would grow at the highest CAGR of 9.3% from 2018 to 2025, owing to rise in adoption for transportation through pipelines, desalination projects, treatment in different processing industries, and water treatment factories. The report also explores electric power, chemical, and other end users.
Asia-Pacific accounted for more than one-third of the total market share in terms of revenue in 2017 and will maintain its leadership status by 2025. In addition, the region would register the highest CAGR of 7.5% during the forecast period. This is a lucrative region, owing to surge in adoption of pipeline transportation and power projects in major economies such as India, Japan, and China. The report also analyzes regions including North America, Europe, and LAMEA.
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The key market players analyzed in the research include Emerson Electric Co., Cameron, Flowserve Corporation, AVK Group, Alfa-Laval Corporate AB, Weir Group, Crane Co., KSB Group, Curtiss-Wright Corporation, and Velan Inc.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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