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Butterfly Valve Market worth $26.53 billion by 2030, growing at a CAGR of 6.27% - Exclusive Report by 360iResearch
Butterfly Valve Market | 360iResearch
The Global Butterfly Valve Market to grow from USD 17.32 billion in 2023 to USD 26.53 billion by 2030, at a CAGR of 6.27%.
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The butterfly valves are mechanical devices that regulate, control, or isolate the flow of liquid or gas through a pipeline system. Butterfly valves are characterized by their unique design featuring a rotating disc positioned in the center of the pipe to control fluid flow. Increasing demand for energy-efficient fluid handling systems in industrial processes is accelerating the deployment of butterfly valves in the end-use sectors worldwide. These valves require less maintenance compared to traditional gate or globe valves, which can reduce operational costs for businesses. However, the high cost of manufacturing and concerns associated with product standardization may adversely impact the use of butterfly valves across industries. Besides, innovations such as triple-offset technology and advances in seal materials have resulted in improved performance and durability, which is anticipated to increase the use of butterfly valves in the end-use industries across the globe.
The butterfly valve market is witnessing a significant demand in the Americas owing to the increasing investments in water and wastewater management infrastructure and the significant growth of industrial sectors such as oil & gas, chemicals, and power generation. Additionally, technological advancements in the region have led to product innovations that contribute to improved efficiency and durability of valves. In Europe, EU countries exhibit promising growth in the butterfly valve market due to their robust industrial base and stringent environmental regulations that necessitate efficient fluid-handling equipment. Investments in renewable energy projects, including wind turbines, drive the demand for high-quality butterfly valves in the EMEA region. The rapidly expanding industrial sector requiring more advanced flow control equipment and government initiatives promoting domestic manufacturing capacity are contributing to the growth of the butterfly valve market in the APAC region. Additionally, technological advancements, supportive government policies, and increasing investments in infrastructure projects are expected to propel the growth of the butterfly valves market globally.
Market Segmentation & Coverage:
This research report categorizes the Butterfly Valve Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across High-Performance Butterfly Valves and Lined Butterfly Valves. The High-Performance Butterfly Valves is further studied across Fire-Safe, Metal Seat, and Soft Seat. The Lined Butterfly Valves is projected to witness significant market share during forecast period.
Based on Mechanism, market is studied across Centric Valves and Eccentric Valves. The Eccentric Valves is further studied across Double-offset, Single-offset, and Triple-offset. The Eccentric Valves is projected to witness significant market share during forecast period.
Based on Applications, market is studied across Compressed Air/Gas Applications, Cooling Water/Air/Gases, High-pressure & High-Temperature Water & Steam Services, Slurry Services, and Vacuum Service. The High-pressure & High-Temperature Water & Steam Services is projected to witness significant market share during forecast period.
Based on Function, market is studied across Control Valves and On & Off Valves. The Control Valves is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Chemical, Electric Power, Oil & Gas, and Water & Wastewater. The Water & Wastewater is projected to witness significant market share during forecast period.
Based on Installation, market is studied across New Installations and Replacements. The Replacements is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.52% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Butterfly Valve Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Butterfly Valve Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Butterfly Valve Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, ASC Engineered Solutions, LLC, AVK Holding AS, BELIMO Holding AG, Bray International, Inc., Christian Bürkert GmbH & Co. KG, Crane Co., Curtiss-Wright Corporation, Dembla Valves Ltd., Emerson Electric Co., Festo SE and Co. KG, Finolex Industries Ltd., Flexachem, Flomatic Corporation, Flowserve Corporation, Georg Fischer Ltd., Hawle Beteiligungsgesellschaft m.b.H., Hobbs Valve Ltd., Honeywell International Inc., Huamei Machinery Limited, IMI Critical Engineering, KITZ Corporation, KSB SE and Co. KGaA, L&T Valves Limited, NIBCO Inc., OHL Gutermuth Industrial Valves GmbH, Schlumberger Limited, The Weir Group Plc, Valmet Oyj, Velan Inc., and XHVAL Valve Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Butterfly Valve Market, by Product
7. Butterfly Valve Market, by Mechanism
8. Butterfly Valve Market, by Applications
9. Butterfly Valve Market, by Function
10. Butterfly Valve Market, by End-User
11. Butterfly Valve Market, by Installation
12. Butterfly Valve Market, by Sales Channel
13. Americas Butterfly Valve Market
14. Asia-Pacific Butterfly Valve Market
15. Europe, Middle East & Africa Butterfly Valve Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Butterfly Valve Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Butterfly Valve Market?
3. What is the competitive strategic window for opportunities in the Butterfly Valve Market?
4. What are the technology trends and regulatory frameworks in the Butterfly Valve Market?
5. What is the market share of the leading vendors in the Butterfly Valve Market?
6. What modes and strategic moves are considered suitable for entering the Butterfly Valve Market?
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