Press release
Butterfly Valve Market Trends, Major Manufacturers, Opportunities and Forecast by 2025
Butterfly Valve Market
The global butterfly valves market size is expected to reach $13,667.0 million by 2025 from $8,282.61 million in 2017, growing at a CAGR of 6.3% from 2018 to 2025.
Top Companies
C The Weir Group PLC, Emerson Electric Co., CRANE CO., Flowserve Corporation, KSB SE & Co. KGaA, AVK Holding A/S, Schlumberger Ltd. (Cameron Corporation), Curtiss-Wright Corporation, Velan inc., Alfa Laval Corporate AB.
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The butterfly valve market has witnessed substantial growth due to its extensive adoption in industries such as oil and gas, water and wastewater, power generation, chemical, food and beverage, and HVAC. The rising demand for efficient flow control systems, along with the advantages offered by butterfly valves, has propelled their popularity across diverse sectors.
With the growing emphasis on automation and digitalization, industries are adopting advanced butterfly valves equipped with smart features. These valves can be integrated into industrial control systems, enabling remote monitoring, precise control, and real-time data analytics. The rising global population and increasing water scarcity have led to significant investments in water and wastewater treatment infrastructure. Butterfly valves play a crucial role in these systems, driving their demand in this sector.
Developing regions such as Asia-Pacific, Latin America, and Africa are witnessing rapid industrialization, driving the demand for butterfly valves. The expansion of industries such as oil and gas, power generation, and chemical processing presents significant growth opportunities for market players. Increasing investments in infrastructure development projects, including water supply systems, wastewater treatment plants, and power generation facilities, offer lucrative opportunities for butterfly valve manufacturers. These projects require reliable flow control solutions, driving the demand for butterfly valves.
Competitive Analysis
The report takes in an analysis of the major market players active in the global Butterfly Valve Market. It emphasizes on the business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations incorporated by these market players to reinforce their position in the market. The market report takes account of statistics, tables, and charts to present a detailed study of the industry.
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Regional Analysis:
Region-wise, the global Butterfly Valve Market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Butterfly Valve Market share, and LAMEA is anticipated to secure a leading position during the forecast period.
Challenges and Future Outlook
The future of the butterfly valve market looks promising, with steady growth anticipated in the coming years. Factors such as increasing industrialization, infrastructure development, and the need for efficient flow control systems will continue to drive the demand for butterfly valves. Furthermore, advancements in valve technology, including IoT integration and predictive maintenance capabilities, will further propel market growth.
The butterfly valve market is experiencing significant growth, driven by industrial expansion, infrastructure development, and the advantages offered by these valves in terms of efficiency and reliability. As industries focus on automation, energy efficiency, and sustainability, butterfly valves are poised to play a pivotal role in providing effective flow control solutions. Market players need to capitalize on emerging opportunities and technological advancements to stay competitive in this dynamic and evolving market.
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