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High-Performance Butterfly Valve Market worth $9.29 billion by 2030, growing at a CAGR of 7.28% - Exclusive Report by 360iResearch
High-Performance Butterfly Valve Market | 360iResearch
The Global High-Performance Butterfly Valve Market to grow from USD 5.68 billion in 2023 to USD 9.29 billion by 2030, at a CAGR of 7.28%.
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The high-performance butterfly valve is an advanced, versatile, and efficient control instrument designed to handle high pressures and temperatures, serving many industries that demand precise and reliable flow rate control. These valves are favored for their efficiency, durability, and lowered downtime, making them vital components in fluid control systems. With their efficiency, robustness, and reduced operational downtime, these valves are indispensable in fluid control systems, helping control the flow of varied fluids and gases in complex industrial environments. Rapid industrialization with an increased focus on efficient fluid flow systems creates significant demand for high-performance butterfly valves. In addition, increasing demand from oil & gas and chemical industry and growing utilization in water and wastewater treatment propel the market growth. The significant hurdles in advancing the market for high-performance butterfly valves include the expensive manufacturing process, technical challenges, and the intricate installation requirements associated with these valves. Advances in high-performance butterfly valve technology for improved flow control and efficiency offer potential growth in the market. In addition, introducing triple-offset high-performance butterfly valves suitable for a wide range of applications is expected to produce growth opportunities in the market.
In the Americas, the demand for high-performance butterfly valves market significantly rises in industrial nations such as the United States and Canada. This surge can be attributed to the growing industrial and manufacturing sectors that utilize high-performance butterfly valves extensively in numerous operations. Such sectors include oil & gas, water and wastewater treatment, and power generation. The region's stringent environmental regulations further bolster the requirement for high-quality and durable equipment, such as high-performance butterfly valves. Rapid industrialization in countries such as China, India, Japan, and South Korea creates demand for high-performance butterfly valves in industries ranging from chemical, petrochemical, pulp, and paper to food and beverage. The vast population in this region also translates to escalated demands for clean water and electricity, which necessitates extensive usage of high-performance butterfly valves for efficient water and power management. In the EMEA region, Europe is the significant demand landscape for high-performance butterfly valves. The continent's considerable focus on technology incorporation and sustainability in industries spikes the demand. Key industries here include the automotive, shipping, pharmaceuticals, and chemicals sectors. Emerging markets such as Southeast Europe and parts of Africa also show promising prospects for high-performance butterfly valves' future demand owing to increasing infrastructure development and industrialization.
Market Segmentation & Coverage:
This research report categorizes the High-Performance Butterfly Valve Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fire-Safe, Metal Seat, and Soft Seat. The Metal Seat commanded largest market share of 42.12% in 2023, followed by Fire-Safe.
Based on Mechanism, market is studied across Centric Valves and Eccentric Valves. The Eccentric Valves is further studied across Double-offset and Triple-offset. The Eccentric Valves commanded largest market share of 63.23% in 2023, followed by Centric Valves.
Based on Pressure Class, market is studied across Class 150, Class 1500, Class 2500, Class 300, Class 600, and Class 900. The Class 900 commanded largest market share of 19.67% in 2023, followed by Class 1500.
Based on Leakage Class, market is studied across Class I, Class II, Class III, Class IV, Class V, and Class VI. The Class III commanded largest market share of 22.62% in 2023, followed by Class V.
Based on Function, market is studied across Control Valves and On & Off Valves. The Control Valves commanded largest market share of 77.77% in 2023, followed by On & Off Valves.
Based on End-User, market is studied across Chemical, Electric Power, Oil & Gas, and Water & Wastewater. The Chemical commanded largest market share of 26.31% in 2023, followed by Oil & Gas.
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 commanded largest market share of 36.45% in 2023, followed by Compressed Air/Gas Applications.
Based on Installation, market is studied across New Installations and Replacements. The Replacements commanded largest market share of 81.12% in 2023, followed by New Installations.
Based on Sales Channel, market is studied across Offline and Online. The Offline commanded largest market share of 88.93% in 2023, followed by Online.
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 39.04% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the High-Performance 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 High-Performance 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 High-Performance Butterfly Valve Market, highlighting leading vendors and their innovative profiles. These include A-T Controls, Inc., Aalberts N.V., Alfa Laval AB, ARI-Armaturen Albert Richter GmbH & Co. KG, AVK Holding A/S, Baker Hughes Company, Bray International, Inc., Crane Company, Curtiss-Wright Corporation, Davis Valve, DelVal Flow Controls, Dembla Valves Limited, DEZURIK, Emerson Electric Co., Flomatic Corporation, Flowserve Corporation, GEMÜ Gebr. Müller Apparatebau GmbH & Co. KG, Georg Fischer AG, Hawle Austria Group, Honeywell International Inc., Huamei Machinery Limited, IMI PLC, KITZ Corporation, KSB SE & Co. KGaA, NIBCO Inc., NTGD Valve (China) Co. Ltd., Ohio Valve Company, OHL Gutermuth Industrial Valves GmbH, Schlumberger N.V, Teko Industry Co., Limited, Valmet Oyj, Valworx, 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. High-Performance Butterfly Valve Market, by Type
7. High-Performance Butterfly Valve Market, by Mechanism
8. High-Performance Butterfly Valve Market, by Pressure Class
9. High-Performance Butterfly Valve Market, by Leakage Class
10. High-Performance Butterfly Valve Market, by Function
11. High-Performance Butterfly Valve Market, by End-User
12. High-Performance Butterfly Valve Market, by Applications
13. High-Performance Butterfly Valve Market, by Installation
14. High-Performance Butterfly Valve Market, by Sales Channel
15. Americas High-Performance Butterfly Valve Market
16. Asia-Pacific High-Performance Butterfly Valve Market
17. Europe, Middle East & Africa High-Performance Butterfly Valve Market
18. Competitive Landscape
19. 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 High-Performance Butterfly Valve Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the High-Performance Butterfly Valve Market?
3. What is the competitive strategic window for opportunities in the High-Performance Butterfly Valve Market?
4. What are the technology trends and regulatory frameworks in the High-Performance Butterfly Valve Market?
5. What is the market share of the leading vendors in the High-Performance Butterfly Valve Market?
6. What modes and strategic moves are considered suitable for entering the High-Performance Butterfly Valve Market?
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