A butterfly valve is a valve that isolates or regulates the flow of a fluid. The closing mechanism is a disk that rotates.
New oil and gas discoveries in the African region is expected to increase its contribution to the global oil supply. Moreover, the growing population, urbanization, and expanding middle class are also boosting the oil and gas industry in Africa. For instance, six out of 10 major discoveries in the global oil and gas industry in 2013 were made in Africa. Therefore, the rising demand for oil and gas has led to widespread exploration activities in Africa, triggering the demand for industrial valves in the region, and thus propelling the growth of the overall butterfly valve market.
The global butterfly valve market is envisioned to receive impetus due to increasing focus on the development of smart cities, high demand for energy, and advancement of oil and gas production facilities. Furthermore, the swelling automation demand in processing and manufacturing industries for monitoring and predictive maintenance is foretold to boost market growth in the future years. The escalating usage of power in industrial processes could be another factor improving the demand in the market. The expensive cost of fabricating industrial valves could reflect on market growth in a negative way. However, researchers foresee 3D and IIoT-based developments and innovations to help overcome the challenges.
The Butterfly Valve Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Butterfly Valve industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Butterfly Valve by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Butterfly Valve market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Butterfly Valve market for 2015-2027.
Key Companies
Emerson Electric
Flowserve
Pentair
Weir
Alfa Laval
AVK Group
Cameron
Crane
Curtiss-Wright
Honeywell
KSB Group
Butterfly Valve Market by Type
Cast Iron
Steel
Cryogenic
Alloy Based
Butterfly Valve Market by Application
Oil and Gas Industry
Water and Wastewater Industry
Power Industry
Chemical Industry
At the same time, we classify Butterfly Valve according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Butterfly Valve market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Butterfly Valve market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Butterfly Valve market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Butterfly Valve market for the forecast period 2021 - 2027?
• What are the driving forces in the Butterfly Valve market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Butterfly Valve industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
For any other requirements, please feel free to contact us and we will provide you customized report.