Butterfly Valve Market 2024-2028
The butterfly valve market is forecasted to grow by USD 2524.8 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the butterfly valve market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by recent product developments of butterfly valve, growing regulatory compliance requirements for safety and carbon emissions, and increasing number of oil and gas exploration activities.
Technavio's butterfly valve market is segmented as below:
- By End-user
- Oil and gas Industry
- Water and wastewater industry
- Power generation industry
- Chemical industry
- Others
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the additive manufacturing gaining traction as one of the prime reasons driving the butterfly valve market growth during the next few years. Also, advancements in valve technology and evolution of valve diagnostics will lead to sizable demand in the market.
The report on the butterfly valve market covers the following areas:
- Butterfly Valve Market sizing
- Butterfly Valve Market forecast
- Butterfly Valve Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading butterfly valve market vendors that include Alfa Laval AB, AVK Holding AS, Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Dembla Valves Ltd., Emerson Electric Co., Festo SE and Co. KG, Flomatic Corp., Flowserve Corp., Georg Fischer Ltd., Honeywell International Inc., IMI Critical Engineering, KITZ Corp., KSB SE and Co. KGaA, Larsen and Toubro Ltd., Neles Oyj, Schlumberger Ltd., The Weir Group Plc, and Velan Inc.. Also, the butterfly valve market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.