Market Overview:
The North America butterfly valve market size reached US$ 2,992.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,310.9 Million by 2032, exhibiting a growth rate (CAGR) of 4.02% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 2,992.3 Million |
Market Forecast in 2032
|
US$ 4,310.9 Million |
Market Growth Rate (2024-2032) |
4.02% |
Butterfly valves are quarter-turn rotational shutoff valves commonly used to start, regulate and stop the flow of fluids or gases through a pipeline. These valves are made using two semi-circles linked to a disc shape, which operates using gears and handles. They are reliable and find extensive applications in the oil and gas, water treatment, and pulp and paper industries across the North American region.
The increasing oil exploration activities represent one of the significant factors propelling the growth of the North America butterfly valve market. Apart from this, butterfly valves consume less space, exhibit simple constructions and cost less than isolation valves. Consequently, they are widely utilized in the production of chemicals and shale oil and gas reserves. Furthermore, the leading manufacturers are investing in renewable power plants to reduce their dependency on fossil fuels. Besides this, the outbreak of the coronavirus disease (COVID-19) has negatively impacted the market. This can be accredited to lockdown restrictions, temporary closures of manufacturing units and disruption in the supply chain. However, the market is anticipated to experience an increase in overall sales once the regional governing agencies introduce lockdown relaxations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America butterfly valve market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type, material type, design, function and end use industry.
Breakup by Product Type:
- Rubber Lined Butterfly Valve
- Plastic Lined Butterfly Valve
- Metal Lined Butterfly Valve
Breakup by Material Type:
- Stainless Steel
- Cast Iron
- Aluminium
- 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:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Product Type, Material Type, Design, Function, End Use Industry, Country |
Countries Covered |
United States, Canada |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License:US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America butterfly valve market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the North America butterfly valve market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the design?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the North America butterfly valve market and who are the key players?
- What is the degree of competition in the industry?