The triple offset butterfly valve market is expected to grow from USD 2.8 billion in 2019 to USD 3.6 billion by 2025, at a CAGR of 4.1%.
Stainless Steel to hold the largest market share during the forecast period.
Steel offers efficient mechanical properties and good resistance to stress corrosion and sulfides. Carbon steel offers high- and low-temperature strength. Carbon steel valves can be used in many locations where extreme pressure and extreme temperature make other materials unusable. Carbon steel is used in the manufacturing of various types of triple offset butterfly valves. Also, the rising demand for high-quality triple offset butterfly valves in food & beverages and chemicals industries to mitigate the threat of contamination will drive the market for stainless steel triple offset butterfly valves during the forecast period.
>3” to 10” sized triple offset butterfly valves to hold largest markt share during the forecast period.
Triple offset butterfly valves sized >3”–10” are the most widely manufactured valves; these valves held the largest market share in 2018 and are expected to be the largest share holder during the forecast period also. These valves are selected on the basis of flow pressure, noise, media, and vibration. These valves are mostly used in industries such as chemicals, oil & gas, energy & power, and water & wastewater treatment because of their efficient working mechanisms. Typically, these valves require less maintenance time and are easy to replace.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to record the highest growth rate during the forecast period. Rapid population growth and urbanization in developing economies, such as China, Japan, South Korea, and India have prompted speedy development of several industries, such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas, which, in turn, will upsurge the demand for triple offset butterfly valves.
The break-up of profiles of primary participants for the report has been given below.
- By Company Type: Tier 1 = 56%, Tier 2 = 23%, and Tier 3 = 21%
- By Designation: C-Level Executives = 75% and Directors = 25%
- By Region: North America = 40%, Europe = 23%, APAC = 26%, and RoW = 11%
Bürkert Fluid Control Systems (Germany), Emerson (US), Flowserve (US), IMI plc. (UK), Curtiss Wright (US), Trillium Flow Technologies (Weir Group) (US), Cameron - Schlumberger (US), Metso Corporation (Finland), Crane Co. (US), KITZ Corporation are among the major players in the triple offset butterfly valve market.
Research Coverage:
The triple offset butterfly valve market, in this report, is segmented into material, size, industry, and geography. The market based on material is further classified into satinless steel, cast iron, alloy based, cryogenic, and others. The triple offset butterfly valve market, by size, is further segmented into up to 3”, >3” to 10”, >10” to 25”, <25” to 50”, and >50”. The triple offset butterfly valve market, by industry, is further segmented into oil & gas, water & wastewater treatment, energy & power, pharmaceuticals & healthcare, food & beverages, chemicals, building & construction, pulp & paper, metals & mining, and others.
Key Benefits of Buying the Report:
- Illustrative segmentation, analysis, and forecast for the market, by material, size, industry, and geography have been provided to give the overall view of the triple offset butterfly valve market.
- Major drivers, restraints, opportunities, and challenges pertaining to the triple offset butterfly valve market have been provided in the research report.
- The report includes a detailed competitive landscape and revenues of key players.
Table of Contents
Samples
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Companies Mentioned
- Emerson
- Flowserve Corporation
- Curtiss-Wright Corporation
- Schlumberger
- IMI PLC
- Metso
- Trillium Flow Technologies
- Crane
- KITZ Corporation
- Velan
- Samson Controls
- Neway Valve
- L&T Valves
- Zwick Armaturen
- AVK Holdings
- Bray International
- ABO valve
- Wuzhou Valve Co.
- SWI Valve Co.
- HOBBS Valve
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 163 |
| Published | December 2019 |
| Forecast Period | 2019 - 2025 |
| Estimated Market Value ( USD | $ 2.8 billion |
| Forecasted Market Value ( USD | $ 3.6 billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
