Press release
Butterfly Valves Market Size, Share, Growth, Trends, Strategies, Opportunities And Forecast to 2032
Butterfly Valves Market
Butterfly Valves Market Size, Growth Rate, And Forecast
The global butterfly valves market is expected to grow from $9.83 billion in 2022 to $10.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The butterfly valves market is expected to grow to $13.36 billion in 2027 at a CAGR of 6.2%.
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Butterfly Valves Market Drivers
The increasing demand for butterfly valves from the oil and gas industry is expected to propel the butterfly valve market. Valves play a vital role in the oil and gas industry since they are an essential part of every piping system. They are employed to control flow rates, segregate and secure equipment, and direct the processing of crude oil. The increasing oil and gas upstream and downstream activities will lead to an increase in demand for valves
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Butterfly Valves Market Segments
1) By Type: High-Performance Butterfly Valves, Lined Butterfly Valves
2) By Mechanism: Centric Valves (Zero Offset Butterfly Valves), Eccentric Valves
3) By Function: On/Off Valves, Control Valves
4) By End User: Oil And Gas, Electric Power, Water And Wastewater, Chemical, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Butterfly Valves Market.
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Butterfly Valves Market Key Players
Major competitors in the Butterfly Valves Market include Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Group, Crane Holdings, Co., The Weir Group PLC., Velan Inc., Curtiss-Wright Corporation, KSB Group, Cameron International Corporation, Schlumberger Limited, L&T Valves Limited, Bray International Inc., Hobbs Valve, and Dembla Valves Ltd
The Business Research Company's "Global Butterfly Valves Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Butterfly Valves Market Include:
1. Executive Summary
2. Butterfly Valves Market Characteristics
3. Butterfly Valves Market Trends And Strategies
4. Butterfly Valves Market - Macro Economic Scenario
5. Butterfly Valves Market Size And Growth
......
26. Africa Butterfly Valves Market
27. Butterfly Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Butterfly Valves Market
29. Butterfly Valves Market Future Outlook and Potential Analysis
30. Appendix
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