Press release
Butterfly Valves Global Market Report 2024, Major Players Include Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Holding A/S, Crane Co.,
Butterfly Valves Global Market
The Business Research Company presents an extensive market research report on the Butterfly Valves Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The butterfly valves market size has grown strongly in recent years. It will grow from $10.47 billion in 2023 to $11.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to industrialization and infrastructure development, focus on energy efficiency, increased adoption in hvac systems, globalization of trade, fire protection systems, rise in mining and metals sector..
The butterfly valves market size is expected to see strong growth in the next few years. It will grow to $14.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing focus on water security, expansion of renewable energy, demand for low-maintenance valves, advancements in material sciences, hydraulic fracturing in oil and gas, focus on emission reduction in industries.. Major trends in the forecast period include advancements in valve technologies, increasing emphasis on automation, adoption of triple offset butterfly valves, customization and tailored solutions, market consolidation and strategic partnerships..
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Key Market Players:
Major companies operating in the butterfly valves market report are Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Holding A/S, Crane Co., Bray International Inc., Conbraco Industries Inc., Milwaukee Valve Company Inc., Anvil International LLC, Hayward Industries Inc., NIBCO Inc., Valworx Inc., Curtiss-Wright Corporation, ASEPCO, Schlumberger Limited, XHVAL Industrial Valve Manufacturing Co. Ltd., Huamei Machinery Limited, Flexachem Manufacturing Ltd., Valmet Corporation, Thermoplastic Valves Inc., PR Valves LLC, Lumaco Sanitary Valves, Centec LLC, Erdmann Corporation, World Wide Metric Inc., Jamieson Equipment Co. Inc., Cipriani Harrison Valves Corp., Xylem Inc., Ryan Herco Flow Solutions, Cargil Inc.
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. For instance, in March 2021, according to the Oil 2021 report released by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, global oil consumption is anticipated to reach 104.1 mb/d by 2026. As a result, the butterfly valve market is expanding due to the rising demand from the oil and gas industry.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/butterfly-valves-global-market-report
The butterfly valves market covered in this report is segmented -
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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