1. What is the projected Compound Annual Growth Rate (CAGR) of the Butterfly Valves Market ?
The projected CAGR is approximately 20.3%.
Butterfly Valves Market by Type (Wafer, Lug), by Material Type (Stainless Steel Valves, Cast Iron Valves, Others), by End Use Industry (Oil & Gas, Water & Wastewater, Chemical, Power & Energy, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Butterfly Valves Market size was valued at USD 12.9 USD Billion in 2023 and is projected to reach USD 47.04 USD Billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Butterfly valves are pivotal components in fluid control systems, designed to regulate flow through a pipe or duct. They feature a circular disc or vane that rotates around a central axis to open or close the valve, which controls the flow of liquids or gases. Common types include the wafer, lug, and flanged butterfly valves, each suited for different mounting requirements. Wafer valves are sandwiched between flanges, lug valves have threaded holes for bolting, and flanged valves attach directly to flanges. Key features include a compact design, quick operation, and reliable shut-off capabilities. Butterfly valves are widely used in various industries for applications like water treatment, HVAC systems, and chemical processing due to their efficiency in managing flow and pressure.
Butterfly Valves Trends
Type:
Material Type:
End Use Industry:
Recent acquisitions, partnerships, and product launches:
This comprehensive report provides an in-depth analysis of the butterfly valves market, including:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 20.3% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 20.3%.
Key companies in the market include Schlumberger Limited., Emerson Electric Co., L&T Valves Limited., The Weir Group PLC, Bray International, Hobbs Valve, JC Fábrica de Válvulas S.A.U, Velan Inc., Dembla Valves Ltd., North American Machine Works and among others..
The market segments include Type, Material Type, End Use Industry.
The market size is estimated to be USD 12.9 USD Billion as of 2022.
Rising Demand from the Automotive and Construction Sectors to Aid Market Growth.
The increasing availability of connected logistics solutions equipped with a high level of interoperability. security and accessibility features. is fuelling the demand for these solutions. Additionally. the need to lower down the cost associated with warehousing services and shipment are driving the growth of the market. The expanded market for intelligent transportation solutions is anticipated to accelerate the growth of the market..
The Change in International Policies is Expected to Impact the Market Growth.
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