USA jobs

Asia Pacific Butterfly Valve Market Trends, Industry Size, Share, Growth and Report 2023-2028

No comments

The latest report by IMARC Group, titled “Asia Pacific Butterfly Valve Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the Asia Pacific butterfly valve market trends. The market size reached US$ 4,039 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,386 Million by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

A butterfly valve is a versatile and efficient quarter-turn rotational shut-off valve used for controlling the flow of gases or fluids in pipes. Its design consists of two semi-circular plates joined in the center, along with a seal, stem, disc, and actuator. This valve can be easily operated using handles and gears. One of its notable advantages is its affordability, making it a cost-effective choice in various industries.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asia-pacific-butterfly-valve-market/requestsample

Asia Pacific Butterfly Valve Market Trends and Drivers:

Other Post You May Be Interested In

The rising trend of automation in the oil and gas industry and the elevating levels of industrialization are primarily driving the butterfly valve market. They are used in the extraction of gas and crude oil from refineries depots, oil terminals, etc. Moreover, increasing investments in power generation, especially in developing nations, are further propelling the market growth. Besides this, there is an escalating demand for stainless steel variants that can withstand high pressure and are maintenance-free. They are lightweight and compact and are extensively utilized in fuel handling, paper and pulp production, air conditioning, etc. Additionally, the rising production of butterfly valves using 3D printing technology and incorporation the Industrial Internet of Things (IIoT) for performance enhancements are expected to fuel the butterfly valve market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Rubber Lined Butterfly Valve
  • Plastic Lined Butterfly Valve
  • Metal Lined Butterfly Valve

Breakup by Material Type:

  • Stainless Steel
  • Cast Iron
  • Aluminum
  • Others

Breakup by Design:

  • Centric Butterfly Valve
  • Single-Eccentric Butterfly Valve
  • Double-Eccentric Butterfly Valve
  • Triple-Eccentric Butterfly Valve

Breakup by Function:

  • On/Off Valve
  • Control Valve

Breakup by End-Use Industry:

  • Oil and Gas Industry
  • Water and Wastewater Industry
  • Power Generation Industry
  • Chemical Industry
  • Others

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

SHARE NOW
Tagged with

Leave a Reply

Your email address will not be published. Required fields are marked *