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Butterfly Valve Market Set to Reach USD 13,667.0 Million Forecast by 2025 | Velan, Flowserve, Emerson Electric
The Butterfly Valve Market has emerged as indispensable devices. With their efficient and versatile design, butterfly valves play a crucial role in regulating and controlling the flow of various fluids. From water and gas to oil and chemicals, butterfly valves find applications in diverse industries such as oil and gas, water treatment, food processing, pharmaceuticals, and more. This blog explores the evolving butterfly valve market and its significant contributions to modern industrial operations.
The global butterfly valves market size is expected to reach $13,667.0 million by 2025 from $8,282.61 million in 2017, growing at a CAGR of 6.3% from 2018 to 2025.
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Leading Players:
AVK Holding A/S, Emerson Electric Co., Alfa Laval Corporate AB, Schlumberger Ltd. (Cameron Corporation), KSB SE & Co. KGaA, Curtiss-Wright Corporation, Velan inc., CRANE CO., The Weir Group PLC, Flowserve Corporation.
Rising Demand:
Butterfly valves are quarter-turn valves that utilize a disc or a vane to control the flow of fluid through a pipe. The disc is positioned at a right angle to the pipe when fully closed and rotates a quarter turn to allow unrestricted flow when fully open. This simplistic yet effective design enables quick operation and offers low-pressure drops, making butterfly valves an efficient solution in numerous applications.
The rapid expansion of industries such as oil and gas, water treatment, and power generation has led to increased demand for flow control solutions, including butterfly valves. These valves are favored for their cost-effectiveness, durability, and ease of maintenance.
Growing investments in infrastructure development projects worldwide, including water supply networks, wastewater treatment plants, and power generation facilities, have fueled the demand for butterfly valves. These valves are vital for controlling the flow of fluids in these large-scale systems.
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Competitive Landscape and Future Outlook:
The integration of automation, Internet of Things (IoT) connectivity, and advanced control systems has paved the way for smart butterfly valves. These intelligent valves offer real-time monitoring, predictive maintenance, and enhanced control capabilities, improving overall operational efficiency. Growing environmental concerns and the need for sustainable practices are driving the demand for eco-friendly valve solutions. Manufacturers are developing butterfly valves with reduced emissions, energy-efficient designs, and recyclable materials to meet sustainability goals.
The butterfly valve market plays a vital role in the smooth operation of various industries by providing efficient flow control solutions. With advancements in technology, expanding industrial sectors, and increasing regulatory requirements, the market continues to grow and evolve. The future holds tremendous opportunities for smart valve solutions and sustainable innovations. As industries strive for enhanced efficiency and reliability, butterfly valves will remain a key player in meeting their flow control needs.
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