Global Butterfly Valve Market 2019-2027
The butterfly valve is a valve used to regulate and isolate the flow of liquids and gases, and are economical, less space-consuming, and delicate. The global butterfly valve market is expected to grow at a CAGR of 6.34%, and the revenues are projected to reach $ 15171.9 million by 2027. The increasing demand for butterfly valves is highest in the oil and gas industries.
• The expanding water infrastructures in developing countries is another reason for the rising demand of the butterfly valve. • The increasing demands from industries such as oil & gas, power, chemical, and rising infrastructural developments are the factors driving the growth of the butterfly valve market. • The butterfly valves are advanced materials, and the market is dependent on these industries.
“The global butterfly valve market is expected to grow at a CAGR of 6.34%, and the revenues are projected to reach $ 15171.9 million by 2027. �
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The North American butterfly valve market is expected to project a CAGR of 4.90% during the forecast period.
The Europe butterfly valve market is estimated to record a CAGR of 5.96% during the forecast period.
The Asia Pacific butterfly valve market is expected to record a CAGR of 7.27% during the forecast period.
The major players of the global butterfly valve market are Crane Co., Georg Fischer Ltd., Alfa Laval, IMI Plc, NIBCO Inc., ITT Inc., Schlumberger Ltd., The Weir Group Plc, KSB SE & Co. KGAA, AVK Holding A/S, Honeywell International Inc., Flowserve Corporation, CurtissWright Corporation, and Velan Inc.