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Discover Cutting-Edge Insights with Our Complete Butterfly Valves Market Report - Delve deep into the current market trends and future industry prospects || Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Group
Butterfly Valves Market
The Business Research Company's Butterfly Valves Global Market Report 2023 identifies the increasing demand for butterfly valves from the oil and gas industry is the major driver for the butterfly valves market's growth in the forecast period. 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.
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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Major competitors in the butterfly valves market are Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Group, Crane Holdings, Co., The Weir Group PLC., Velan Inc., Curtiss-Wright Corporation, KSB Group.
A key trend in the Butterfly Valves market includes product innovation. Major companies operating in the butterfly valve market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2021, Valves Online Limited, a UK-based industrial equipment supplier, launched an innovative, jacketed hygienic butterfly valve that solves reoccurring problems commonly found in the confectionery industry. The Warmflow design involves the butterfly valve principle, which is then enclosed with a jacket that allows a heating medium into the jacket and is separated from the valve and the process line.
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The butterfly valves market is segmented -
• By Type: High-Performance Butterfly Valves, Lined Butterfly Valves
• By Mechanism: Centric Valves (Zero Offset Butterfly Valves), Eccentric Valves
• By Function: On/Off Valves, Control Valves
• 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 share.
The Business Research Company's "Global Butterfly Valves Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……………
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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