A comprehensive breakdown and market segmentation of the global butterfly valve market by end-user (oil and gas industry, water and wastewater industry, power industry, chemical industry, and others), and by geography (the Americas, APAC, and EMEA). Major vendors include Emerson Electric, Flowserve, Pentair, and Weir.
Technavio’s market research analysts estimate the global butterfly valve market to grow at a CAGR of 6% between 2015 and 2019. The increasing demand from the oil and gas industry will drive the demand for butterfly valve due to an increase in exploration and upgradation activity. The APAC dominates the global market for butterfly valves, occupying around 37% of the total market share. Much of this region’s demand comes from increased construction activities and surged oil and gas production.
The new market research report from Technavio provides a breakdown and analysis of the butterfly valve segments by technology.
“Industrial valve vendors are developing next-generation valves with additional capabilities such as threaded bonnets and floating polytetrafluoroethylene diaphragm. These next-generation valves can deliver 60% higher flow, operate over a wide temperature range, and have a pressure handling ability to improve industrial production processes. Vendors are also coming up with ceramic valves to enhance the wear resistance and corrosion protection, thereby extending the operational life of the valves,” says Navin Rajendra, Semiconductor, Technavio Research.
Oil and gas industry dominates the global butterfly valves market, accounting for around 23% of the total market share. New oil and gas exploration activities, offshore and shale energy exploration and heavy investments in pipelines and refineries in the Americas, the Middle East, Africa, and APAC are the major factors influencing the market growth.
The key vendors in the global butterfly valve market are Emerson Electric, Flowserve, Pentair, and Weir. The valves and actuators industries are seeking for vendors that can provide complete solutions rather than following the traditional multi-vendor approach to meet requirements. Therefore, valve manufacturers are increasingly trying to enhance their product portfolio either through strategic M&A or by developing new products themselves.
A more detailed analysis is available in the Technavio report, Global Butterfly Valve Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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