Global Butterfly Valves Market Projected to Achieve USD 19.4 Billion by 2033 Amid Growing Demand for Hygienic and High-Performance Valves | FMI

The Asia Pacific region is poised to dominate the butterfly valves market, holding a 40% share in 2023. Rapid industrialization and urbanization in India and China are driving demand, particularly in the oil, gas, and automotive sectors. India’s high refining capacity and extensive pipeline network expansion are significant growth drivers, while China’s market is expected to reach USD 4.2 billion by 2033, with a CAGR of 6.4%, fueled by ongoing oil and gas exploration activities.

NEWARK, Del, Sept. 02, 2024 (GLOBE NEWSWIRE) — The global

Competitive Landscape

Acquisitions and mergers of butterfly valve companies are likely to support the industry’s growth goals. Research and development are also key activities undertaken by leading manufacturers to improve their products’ efficiency, reliability, and adaptability, thereby contributing to their growth. In addition, numerous technology-based companies contribute long-term fuel to the market’s growth.

Key Players in the Market:

• Alfa-Laval Corporate AB
• AVK Group
• Cameron
• Crane Co.
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corporation
• KSB Group
• Velan Inc.
• Weir Group

Recent Developments in the Butterfly Valve Industry:

• In April 2023, JA Moody and Lexair delivered the K-LOK valves for the United States Navy. With this product line being managed by a small company that offers excellent customer service, component engineering, manufacturing, and component machining, the Navy can expect better results.
• In June 2023, Francis Ward and Aliaxis teamed up to reduce food contamination. Together, Francis Ward and Aliaxis created an industry-first plastic opening valve incorporating FDA and WRAS approvals. By working closely together, Francis Ward and Aliaxis designed a truly unique solution for the client that mitigated contamination risks.

Explore the Full Scope of Our Report to Gain Expert Insights! https://www.futuremarketinsights.com/reports/butterfly-valves-market

Market Segmentation

By Type:

• High-performance
• Lined

By Mechanism:

• Eccentric Valves
• Centric Valves

By Function:

• On/Off Valves
• Control Valves

By Application:

• Oil & Gas
• Water & Wastewater
• Chemicals
• Power Generation
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia
• East Asia
• Middle East and Africa

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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