rise in competition in developing economies such as India is anticipated to impact the growth of the market
WASHINGTON, DE, UNITED STATES, November 19, 2024 /EINPresswire.com/ — 𝗕𝘂𝘁𝘁𝗲𝗿𝗳𝗹𝘆 𝗩𝗮𝗹𝘃𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄
The butterfly valves market is projected to grow at the fastest rate during the forecast period, driven by rapid urbanization, industrialization, and increased investments in the oil & gas and power generation sectors. However, rising competition in developing economies like India may impact market growth.
According to a report by Allied Market Research, titled “𝗕𝘂𝘁𝘁𝗲𝗿𝗳𝗹𝘆 𝗩𝗮𝗹𝘃𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 by Type, Mechanism, Function, and End User: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the market was valued at $8,282.61 million in 2017 and is anticipated to reach $13,667.0 million by 2025, with a CAGR of 6.3% from 2018 to 2025. Asia-Pacific is expected to lead the market, followed by Europe and North America.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆: https://www.alliedmarketresearch.com/request-sample/5280
𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝗕𝘂𝘁𝘁𝗲𝗿𝗳𝗹𝘆 𝗩𝗮𝗹𝘃𝗲𝘀?
Butterfly valves, also known as quarter-turn valves, are shut-off devices designed to isolate and regulate fluid or gas flow in industrial applications. Their simple structure consists of a disk positioned in the middle of a pipe that swivels to control flow. These valves are lightweight, economical, and compact compared to other valve types, making them a popular choice across industries.
𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀
𝗗𝗿𝗶𝘃𝗲𝗿𝘀
Oil & Gas Industry Demand: The growing need for stainless steel butterfly valves in the oil & gas sector is a major driver. These valves are critical in processes ranging from crude oil extraction to delivery at refineries and terminals.
Rapid Industrialization: Emerging economies are experiencing increased demand for butterfly valves due to industrial expansion, particularly in Asia-Pacific.
High-Performance Valves: The superior speed, rigidity, and strength of high-performance butterfly valves, including double and triple offset variants, have boosted their adoption.
𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀
Domestic Competition: Local manufacturers in developing regions are increasing competition, potentially impacting global players.
Technical Limitations: The risk of cavitation and choking in valve systems poses challenges for the market.
𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀
High-Performance Valves Dominate: In 2017, high-performance butterfly valves contributed the highest revenue, driven by their efficiency and productivity. This segment is expected to grow at a CAGR of 6.8% during the forecast period.
Eccentric Butterfly Valves: These valves, particularly triple offset variants, are anticipated to witness the fastest growth due to their operational advantages.
End-Use Segments: The oil & gas industry accounted for 39% of the market share in 2017, while the water & wastewater segment is projected to grow at the highest CAGR of 9.4% through 2025.
New Installations Lead: Approximately 88% of market demand is driven by new installations, compared to 12% for replacements.
𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗘𝗻𝗾𝘂𝗶𝗿𝘆 https://www.alliedmarketresearch.com/purchase-enquiry/5280
Regional Insights
Asia-Pacific: This region dominated the global butterfly valves market in 2017 and is expected to retain its lead due to urbanization, industrialization, and significant investments in energy sectors.
Europe: Ranked as the second-largest market, Europe contributes substantially to global revenue.
China: A key player in Asia-Pacific, China accounted for over 40% of the regional market in 2017.
𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲
Leading market players include:
Emerson Electric Co.
Flowserve Corporation
Cameron
Alfa-Laval Corporate AB
AVK Group
Crane Co.
Weir Group
Curtiss-Wright Corporation
KSB Group
Velan Inc.
Companies employ strategies such as product launches, partnerships, and acquisitions to enhance market presence and meet evolving customer demands.
𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀
High-performance butterfly valves are expected to dominate during the forecast period, growing at a CAGR of 6.8%.
Eccentric valves accounted for over 50% of the market share in 2017.
The oil & gas sector remains the largest end-user, contributing 39% of global revenue.
Asia-Pacific is set to maintain its dominance, with China leading regional growth.
The butterfly valves market offers substantial growth opportunities, particularly in emerging economies, driven by industrialization and increasing investments in key sectors.
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David Correa
Allied Market Research
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