Press release
Oil & Gas Industry Triggers the Butterfly Valves Market during 2018-2025 | Top Players Emerson Electric Co., Cameron, Flowserve Co., Alfa-Laval Corporate AB, Weir Group, Crane Co.
Butterfly valve
Increase in demand from oil & gas industry majorly drives the growth of the butterfly valves market owing to the requirement of stainless steel butterfly valves from the oil & gas industry. Moreover, increase in demand for butterfly valves in developing regions, due to rapid industrialization is expected to boost the market growth. Furthermore, butterfly valves are used in every process ranging from the extraction of crude oil &gas till it reaches the end customers via refinery and oil terminals and depots. Therefore, increase in investment in oil & gas industry in emerging economies is expected to provide lucrative opportunities to the valve manufacturers in these regions. However, rise in competition from domestic butterfly valve manufacturers and high possibility of cavitation & chock in valve system is expected to hinder the growth of the butterfly valves market.
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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.
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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Asia-Pacific accounted for a major share of the global butterfly valves market in 2017 and is expected to dominate the market in terms of revenue during the forecast period, owing rapid urbanization & industrialization, and increase in investment in oil & gas and power generation industries. The Europe region holds the second largest share in the global butterfly valves market.
The key players profiled in the report include Emerson Electric Co., Flowserve Corporation, Cameron, Alfa-Laval Corporate AB, AVK Group, Crane Co., Weir Group, Curtiss-Wright Corporation, KSB Group, and Velan Inc. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the butterfly valves market.
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Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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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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