Triple Offset Butterfly Valve Market by Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), Valve Size, Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025
[163 Pages Report] The Triple offset butterfly valve market is expected to grow from USD 2.8 billion in 2019 to USD 3.6 billion by 2025, at a CAGR of 4.1%. Rising need for tight shutoff, light in wieght, high pressure handling capacity with lower installation cost in critical processes, growing demand for energy & power generation in Asia Pacific, increasing adoption of valves in oil & gas industry, and growing urbanization are the major driving factors for the markets growth during the forecast period.
Stainless Steel to boost triple offset butterfly valve market during forecast period
Based on material, stainless steel triple offset butterfly valve are likely to continue to dominate the market during the forecast period. The rising demand for high-quality triple offset butterfly valves in food & beverages and chemicals industries to mitigate the threat of contamination in critical processes, such as water and steam handling, in food & beverages and chemicals industries will drive the market for stainless steel triple offset butterfly valves during the forecast period.
Oil & Gas to account the largest share of triple offset butterfly valve market during forecast period
Oil & gas industry is among the most promising industries for the adoption of triple offset butterfly valves in various processes. The demand for oil and gas has grown tremendously during the industrial revolution to promote the development of Western economies. The oil & gas industry needs deeper wells and longer pipelines and also focuses on reducing the production cost; this necessitates the use of specialized and critical equipment in oil and gas plants. As production, transportation, and processing equipment and technologies are advancing, performance requirements are becoming more and more stringent to support increasing operational efficiencies. To meet this demand, valves are required to be implemented in industrial plants; this is expected to drive the growth of the triple offset butterfly valve market.
APAC to be fastest-growing market during forecast period
The triple offset butterfly valve market in APAC for the water & wastewater treatment industry is growing at a significant rate, and a similar trend is likely to be observed in the coming years. Dense population and increasing per capita income in this region, along with large-scale industrialization and rapid urbanization, are the major factors driving the growth of the market in this region. Asia consists of a few fast-growing economies, such as China, India, and other Southeast Asian countries. Owing to the increasing urban population in the region, there is a high demand for new and improved wastewater treatment systems.
Key Market Players
A few major vendors in the triple offset butterfly valve market include Bόrkert Fluid Control Systems (Germany), Emerson (US), Flowserve (US), IMI plc. (UK), Curtiss Wright (US), Trillium Flow Technologies (Weir Group) (US), Cameron - Schlumberger (US), Metso Corporation (Finland), Crane Co. (US), KITZ Corporation (Japan).
Emerson (US) is one of the leading provider of triple offset butterfly valves. Emerson has shown a superior ability to drive the market through strategic acquisitions and continuous growth in the oil & gas, petrochemicals, power generation, and pharmaceuticals industries. For instance, in September 2019, Emerson acquired the Spence and Nicholson product lines from Circor International. The acquisition strengthen Emersons broad portfolio of steam system solutions for process industries and commercial buildings. The Spence and Nicholson product lines include steam regulators, control valves, safety relief valves, temperature regulators, steam traps and other steam accessories and solutions.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20162025 |
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Base year considered |
2018 |
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Forecast period |
20192025 |
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Forecast units |
Value (USD) |
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Segments covered |
Material, size, industry, and region |
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Geographies covered |
North America, Europe, APAC, and RoW |
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Companies covered |
Emerson Electric Co. (US), Flowserve Corporation (US), Cameron (A Schlumberger Company) (US), IMI PLC (UK), and Metso (Finland) and among others. |
This research report categorizes the overall triple offset butterfly valve market on the basis of material, size, industry, and geography.
Triple Offset Butterfly Valves, By Material
- Introduction
- Stainless Steel
- Cast Iron
- Cryogenic
- Alloy Based
- Others
Triple Offset Butterfly Valve Market, By Size
- Introduction
- Up to 3
- 3 10
- 10 25
- 25 50
- 50 and Larger
Triple Offset Butterfly Valves, By Application
- Introduction
- Oil & Gas
- Energy & Power
- Water and Wastewater Treatment
- Chemicals
- Food & Beverages
- Pharmaceutical & Healthcare
- Metals and Mining
- Building & Construction
- Paper and Pulp
- Others
Triple Offset Butterfly Valve Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- RoW
- South America
- Middle East
- Africa
Key questions addressed by the report
- What are the key drivers, restraints, opportunities, and challenges pertaining to market?
- Which industries are the leading adopters of triple offset butterfly valves?
- Who are the leading triple offset butterfly valves providers in the market?
- Which are the significant types of triple offset butterfly valves in the market?
- What are the recent developments in the triple offset butterfly valve ecosystem related to mergers and acquisitions, and partnerships?
Frequently Asked Questions (FAQ):
Which are the major driving factors of the market ?
Rising need for lightweight vales with tight shutoff, high-pressure handling capacity, and low installation cost, growing demand for energy and power generation in Asia Pacific and Middle East, and growing urbanization leading to rising adoption in industries such as water & wastewater treatment and building are some of the driving factors of the triple offset butterfly valve market
Which are the major companies in the market?
Emerson, Flowserve Corporation, Curtiss-Wright Corporation, IMI PLC., Metso, Schlumberger, Trillium Flow Technologies (Weir Flow Control), Crane, and Kitz Corporation dominated the triple offset butterfly valve market in 2019.
Which region is expected to witness significant demand for triple offset butterfly valves in the coming years?
The triple offset butterfly valve market in APAC is growing at a significant rate, and a similar trend is likely to be observed in the coming years. Dense population and increasing per capita income in this region, along with large-scale industrialization and rapid urbanization, are the major factors driving the growth of the market in this region. Asia consists of a few fast-growing economies, such as China, India, and other Southeast Asian countries.
Which vertical expected to lead growth of market market?
Oil & gas industry is among the most promising industries for the adoption of triple offset butterfly valves in various processes. As production, transportation, and processing equipment and technologies are advancing, performance requirements are becoming more and more stringent to support increasing operational efficiencies. To meet this demand, valves are required to be implemented in industrial plants; this is expected to drive the growth of the triple offset butterfly valve market.
Which are the major opportunities in the triple offset butterfly valve market?
Growing industrialization in developing economies, increasing use of 3D printers for valve manufacturing, and rising need for valve replacement and MRO are some of the opportunities in the triple offset butterfly valve market
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Table of Contents
1 Introduction (Page No. - 17)
1.1 Study Objectives
1.2 Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.3.3 Geographic Scope
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primaries
2.1.3.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 34)
4.1 Attractive Growth Opportunities in Triple Offset Butterfly Valve Market
4.2 Market, By Material
4.3 Market, By Size
4.4 Market in APAC, By Country and Industry
4.5 Market, By Country
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for Lightweight Vales With Tight Shutoff, High-Pressure Handling Capacity, and Low Installation Cost
5.2.1.2 Growing Demand for Energy and Power Generation in Asia Pacific and Middle East
5.2.1.3 Growing Urbanization Leading to Rising Adoption in Industries Such as Water & Wastewater Treatment and Building & Construction
5.2.2 Restraints
5.2.2.1 Lack of Common Standards and Policies
5.2.2.2 High Fabrication Cost
5.2.3 Opportunities
5.2.3.1 Growing Industrialization in Developing Economies
5.2.3.2 Increasing Use of 3D Printers for Valve Manufacturing
5.2.3.3 Rising Need for Valve Replacement and Mro
5.2.4 Challenges
5.2.4.1 Unplanned Downtime Due to Failure of Valves
6 Industry Trends (Page No. - 42)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.3.1 Impact of IoT on Market
6.3.2 3D Printing
7 Triple Offset Butterfly Valve Market, By Size (Page No. - 45)
7.1 Introduction
7.2 Up to 10
7.2.1 Triple Offset Butterfly Valves Sized Up to 10" to Exhibit Highest CAGR During Forecast Period
7.3 >1025
7.3.1 >10"25" Sized Triple Offset Butterfly Valves to Account for Largest Market Share During Forecast Period
7.4 >2550
7.4.1 Oil & Gas, Chemicals, Pharmaceuticals, and Energy & Power are Key Industries That Use Triple Offset Butterfly Valves Sized >25"50"
7.5 >50
7.5.1 Adoption of Triple Offset Butterfly Valves Sized >50" to Grow Significantly in Oil & Gas, Power, and Petrochemicals Industries
8 Triple Offset Butterfly Valve Market, By Material (Page No. - 49)
8.1 Introduction
8.2 Stainless Steel
8.2.1 Stainless Steel Triple Offset Butterfly Valves to Hold Largest Market Share During Forecast Period
8.3 Carbon Steel
8.3.1 Demand for Carbon Steel Triple Offset Butterfly Valves Likely to Upsurge During Forecast Period
8.4 Alloy Based
8.4.1 Market for Alloy-Based Triple Offset Butterfly Valves to Grow at A Significant Rate in Coming Years
8.5 Others
8.5.1 Brass
8.5.2 Bronze
8.5.3 Cast Iron
8.5.4 Cryogenic
9 Triple Offset Butterfly Valve Market, By Industry (Page No. - 54)
9.1 Introduction
9.2 Oil & Gas
9.2.1 Oil & Gas Industry to Continue to Hold Largest Size of Market During Forecast Period
9.3 Water & Wastewater Treatment
9.3.1 Modification in Older Water Infrastructure Expected to Augment Demand for Triple Offset Butterfly Valves
9.4 Energy & Power
9.4.1 Increasing Need for Energy in Developing Countries is Expected to Accelerate Demand for Triple Offset Butterfly Valves
9.5 Pharmaceuticals & Healthcare
9.5.1 Market for Pharmaceuticals & Healthcare Industry to Witness Highest Growth in APAC
9.6 Food & Beverages
9.6.1 APAC to Dominate Market for Food & Beverages Industry During Forecast Period
9.7 Chemicals
9.7.1 Triple Offset Butterfly Valves are Used in Chemicals Industry as They Help Meet Stringent Safety Requirements
9.8 Building & Construction
9.8.1 Building & Construction Segment is Expected to Witness Significant Growth Owing to Rapid Urbanization and High Focus on Smart Infrastructure Projects
9.9 Pulp & Paper
9.9.1 APAC Expected to Be Fastest-Growing Market for Pulp & Paper Industry
9.10 Metals & Mining
9.10.1 APAC to Dominate Market for Metals & Mining Industry
9.11 Others
10 Geographic Analysis (Page No. - 86)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Aging Water & Wastewater Infrastructure in US Generates Demand for Triple Offset Butterfly Valves
10.2.2 Canada
10.2.2.1 Upcoming Investments in Natural Gas Projects Would Augment Canadian Market Growth
10.2.3 Mexico
10.2.3.1 Uptrend in Water & Wastewater Treatment Industry Expected to Drive Mexican Market During Forecast Period
10.3 Europe
10.3.1 UK
10.3.1.1 Water Industry in UK to Be the Major Consumer of Triple Offset Butterfly Valves
10.3.2 Germany
10.3.2.1 Germany Currently Holds Second-Largest Share of European Triple Offset Butterfly Valve Market
10.3.3 France
10.3.3.1 Energy & Power Sector Expected to Drive Market in France
10.3.4 Italy
10.3.4.1 Italian Market Will Be Driven By Upcoming Investments in Water & Wastewater Treatment Industry
10.3.5 Rest of Europe
10.4 Asia Pacific (APAC)
10.4.1 China
10.4.1.1 Market in China Will Be Driven By Growing Demand From Energy & Power and Oil & Gas Sectors
10.4.2 Japan
10.4.2.1 Investments in Renewable Energy Sources and Power Generation in Japan Will Increase Demand for Triple Offset Butterfly Valves
10.4.3 South Korea
10.4.3.1 Chemicals Industry to Witness High Demand for Triple Offset Butterfly Valves to Ensure Highest Level of Hygienic Processing
10.4.4 India
10.4.4.1 India to Be Fastest-Growing Market
in APAC 115
10.4.5 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East
10.5.1.1 Middle East to Hold Largest Share of Market in RoW During Forecast Period
10.5.2 South America
10.5.2.1 Growing Oil & Gas Industry to Drive Market Growth in South American Countries
10.5.3 Africa
10.5.3.1 Investments in Oil & Gas and Energy & Power Industries Drive Market in Africa
11 Competitive Landscape (Page No. - 121)
11.1 Overview
11.2 Competitive Scenario
11.2.1 Product Developments/Launches
11.2.2 Mergers and Acquisitions
11.2.3 Expansions
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
12 Company Profiles (Page No. - 127)
12.1 Introduction
12.2 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2.1 Emerson
12.2.2 Flowserve Corporation
12.2.3 Curtiss-Wright Corporation
12.2.4 IMI PLC.
12.2.5 Metso
12.2.6 Schlumberger
12.2.7 Trillium Flow Technologies (Weir Flow Control)
12.2.8 Crane
12.2.9 Kitz Corporation
12.2.10 Velan
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12.3 Other Important Players
12.3.1 Samson Controls
12.3.2 Neway Valve
12.3.3 L&T Valves
12.3.4 Zwick Armaturen
12.3.5 AVK Holding
12.3.6 Bray International
12.3.7 ABO Valve
12.3.8 Wuzhou Valve Co.
12.3.9 SWI Valve Co.
12.3.10 Hobbs Valve
13 Appendix (Page No. - 157)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (102 Tables)
Table 1 Assumptions for Research Study
Table 2 Triple Offset Butterfly Valve Market, By Size, 20162025 (USD Million)
Table 3 Control Valves Market, By Size, 20162025 (USD Million)
Table 4 Market, By Material, 20162025 (USD Million)
Table 5 Control Valves Market, By Material, 20162025 (USD Million)
Table 6 Market, By Industry, 20162025 (USD Million)
Table 7 Control Valves Market, By Industry, 20162025 (USD Million)
Table 8 Market for Oil & Gas Industry, By Region, 20162025 (USD Thousand)
Table 9 Control Valves Market for Oil & Gas Industry, By Region, 20162025 (USD Million)
Table 10 Market for Oil & Gas Industry in North America, By Country, 20162025 (USD Thousand)
Table 11 Market for Oil & Gas Industry in Europe, By Country, 20162025 (USD Thousand)
Table 12 Market for Oil & Gas Industry in APAC, By Country, 20162025 (USD Thousand)
Table 13 Market for Oil & Gas Industry in RoW, By Region, 20162025 (USD Thousand)
Table 14 Market for Water & Wastewater Treatment Industry, By Region, 20162025 (USD Thousand)
Table 15 Control Valves Market for Water & Wastewater Treatment Industry, By Region, 20162025 (USD Million)
Table 16 Triple Offset Butterfly Valve Market for Water & Wastewater Treatment Industry in North America, By Country, 20162025 (USD Thousand)
Table 17 Market for Water & Wastewater Treatment Industry in Europe, By Country, 20162025 (USD Thousand)
Table 18 Market for Water & Wastewater Treatment Industry in APAC, By Country, 20162025 (USD Thousand)
Table 19 Market for Water & Wastewater Treatment Industry in RoW, By Region, 20162025 (USD Thousand)
Table 20 Market for Energy & Power Industry, By Region, 20162025 (USD Thousand)
Table 21 Control Valves Market for Energy & Power Industry, By Region, 20162025 (USD Million)
Table 22 Market for Energy & Power Industry in North America, By Country, 20162025 (USD Thousand)
Table 23 Market for Energy & Power Industry in Europe, By Country, 20162025 (USD Thousand)
Table 24 Market for Energy & Power Industry in APAC, By Country, 20162025 (USD Thousand)
Table 25 Market for Energy & Power Industry in RoW, By Region, 20162025 (USD Thousand)
Table 26 Triple Offset Butterfly Valve Market for Pharmaceuticals & Healthcare Industry, By Region, 20162025 (USD Thousand)
Table 27 Control Valve Market for Pharmaceuticals & Healthcare Industry, By Region, 20162025 (USD Million)
Table 28 Market for Pharmaceuticals & Healthcare Industry in North America, By Country, 20162025 (USD Thousand)
Table 29 Market for Pharmaceuticals & Healthcare Industry in Europe, By Country, 20162025 (USD Thousand)
Table 30 Market for Pharmaceuticals & Healthcare Industry in APAC, By Country, 20162025 (USD Thousand)
Table 31 Market for Pharmaceuticals & Healthcare Industry in RoW, By Region, 20162025 (USD Thousand)
Table 32 Market for Food & Beverages Industry, By Region, 20162025 (USD Thousand)
Table 33 Control Valves Market for Food & Beverages Industry, By Region, 20162025 (USD Million)
Table 34 Market for Food & Beverages Industry in North America, By Country, 20162025 (USD Thousand)
Table 35 Market for Food & Beverages Industry in Europe, By Country, 20162025 (USD Thousand)
Table 36 Market for Food & Beverages Industry in APAC, By Country, 20162025 (USD Thousand)
Table 37 Market for Food & Beverages Industry in RoW, By Region, 20162025 (USD Thousand)
Table 38 Market for Chemicals Industry, By Region, 20162025 (USD Thousand)
Table 39 Control Valves Market for Chemicals Industry, By Region, 20162025 (USD Million)
Table 40 Triple Offset Butterfly Valve Market for Chemicals Industry in North America, By Country, 20162025 (USD Thousand)
Table 41 Market for Chemicals Industry in Europe, By Country, 20162025 (USD Thousand)
Table 42 Market for Chemicals Industry in APAC, By Country, 20162025 (USD Thousand)
Table 43 Market for Chemicals Industry in RoW, By Region, 20162025 (USD Thousand)
Table 44 Market for Building & Construction Industry, By Region, 20162025 (USD Thousand)
Table 45 Control Valves Market for Building & Construction Industry, By Region, 20162025 (USD Million)
Table 46 Market for Building & Construction Industry in North America, By Country, 20162025 (USD Thousand)
Table 47 Market for Building & Construction Industry in Europe, By Country, 20162025 (USD Thousand)
Table 48 Market for Building & Construction Industry in APAC, By Country, 20162025 (USD Thousand)
Table 49 Market for Building & Construction Industry in RoW, By Region, 20162025 (USD Thousand)
Table 50 Market for Pulp & Paper Industry, By Region, 20162025 (USD Thousand)
Table 51 Control Valves Market for Pulp & Paper Industry, By Region, 20162025 (USD Million)
Table 52 Market for Pulp & Paper Industry in North America, By Country, 20162025 (USD Thousand)
Table 53 Market for Pulp & Paper Industry in Europe, By Country, 20162025 (USD Thousand)
Table 54 Market for Pulp & Paper Industry in APAC, By Country, 20162025 (USD Thousand)
Table 55 Triple Offset Butterfly Valve Market for Pulp & Paper Industry in RoW, By Region, 20162025 (USD Thousand)
Table 56 Market for Metals & Mining Industry, By Region, 20162025 (USD Thousand)
Table 57 Control Valves Market for Metals & Mining Industry, By Region, 20162025 (USD Million)
Table 58 Market for Metals & Mining Industry in North America, By Country, 20162025 (USD Thousand)
Table 59 Market for Metals & Mining Industry in Europe, By Country, 20162025 (USD Thousand)
Table 60 Market for Metals & Mining Industry in APAC, By Country, 20162025 (USD Thousand)
Table 61 Market for Metals & Mining Industry in RoW, By Region, 20162025 (USD Thousand)
Table 62 Market for Other Industries, By Region, 20162025 (USD Thousand)
Table 63 Control Valves Market for Other Industries, By Region, 20162025 (USD Million)
Table 64 Market for Other Industries in North America, By Country, 20162025 (USD Thousand)
Table 65 Market for Other Industries in Europe, By Country, 20162025 (USD Thousand)
Table 66 Market for Other Industries in APAC, By Country, 20162025 (USD Thousand)
Table 67 Market for Other Industries in RoW, By Region, 20162025 (USD Thousand)
Table 68 Market, By Region, 20162025 (USD Million)
Table 69 Control Valves Market, By Region, 20162025 (USD Million)
Table 70 Triple Offset Butterfly Valve Market in North America, By Country, 20162025 (USD Million)
Table 71 Control Valves Market in North America, By Country, 20162025 (USD Million)
Table 72 Market in North America, By Industry, 20162025 (USD Thousand)
Table 73 Control Valves Market in North America, By Industry, 20162025 (USD Million)
Table 74 Market in US, By Industry, 20162025 (USD Thousand)
Table 75 Market in Canada, By Industry, 20162025 (USD Thousand)
Table 76 Market in Mexico, By Industry, 20162025 (USD Thousand)
Table 77 Market in Europe, By Country, 20162025 (USD Million)
Table 78 Control Valves Market in Europe, By Country, 20162025 (USD Million)
Table 79 Market in Europe, By Industry, 20162025 (USD Thousand)
Table 80 Control Valves Market in Europe, By Industry, 20162025 (USD Million)
Table 81 Market in UK, By Industry, 20162025 (USD Thousand)
Table 82 Market in Germany, By Industry, 20162025 (USD Thousand)
Table 83 Market in France, By Industry, 20162025 (USD Thousand)
Table 84 Market in Italy, By Industry, 20162025 (USD Thousand)
Table 85 Market in Rest of Europe, By Industry, 20162025 (USD Thousand)
Table 86 Market in APAC, By Country, 20162025 (USD Million)
Table 87 Control Valves Market in APAC, By Country, 20162025 (USD Million)
Table 88 Triple Offset Butterfly Valve Market in APAC, By Industry, 20162025 (USD Thousand)
Table 89 Control Valves Market in APAC, By Industry, 20162025 (USD Million)
Table 90 Market in China, By Industry, 20162025 (USD Thousand)
Table 91 Market in Japan, By Industry, 20162025 (USD Thousand)
Table 92 Market in South Korea, By Industry, 20162025 (USD Thousand)
Table 93 Market in India, By Industry, 20162025 (USD Thousand)
Table 94 Market in Rest of APAC, By Industry, 20162025 (USD Thousand)
Table 95 Market in RoW, By Region, 20162025 (USD Million)
Table 96 Market in RoW, By Industry, 20162025 (USD Thousand)
Table 97 Market in Middle East, By Industry, 20162025 (USD Thousand)
Table 98 Market in South America, By Industry, 20162025 (USD Thousand)
Table 99 Market in Africa, By Industry, 20162025 (USD Thousand)
Table 100 Key Product Developments/Launches
Table 101 Key Mergers and Acquisitions
Table 102 Key Expansions
List of Figures (53 Figures)
Figure 1 Triple Offset Butterfly Valve Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market Size, 20162025
Figure 7 Stainless Steel Triple Offset Butterfly Valves Held Largest Market Share in 2018
Figure 8 Market for Triple Offset Butterfly Valves Sized >1025 to Grow at Highest CAGR During Forecast Period
Figure 9 Oil & Gas Industry to Account for Largest Size of Triple Offset Butterfly Valve Market During Forecast Period
Figure 10 APAC Held Largest Share of Market in 2018
Figure 11 Growing Demand for Energy and Power Generation in Asia Pacific Propels Market Growth
Figure 12 Stainless Steel Triple Offset Butterfly Valves to Hold Largest Market Size in 2025
Figure 13 Triple Offset Butterfly Valves Sized >1025 to Hold Largest Market Size in 2025
Figure 14 Energy & Power Industry to Hold Largest Share of Market in APAC in 2025
Figure 15 Market in India to Grow at Highest CAGR During Forecast Period
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Market Drivers and Their Impact
Figure 18 Market Restraints and Their Impact
Figure 19 Market Opportunities and Their Impact
Figure 20 Market Challenges and Their Impact
Figure 21 Raw Material and Component Suppliers and Original Equipment Manufacturers Collectively Add Major Value to Product
Figure 22 Triple Offset Butterfly Valve Market, By Size
Figure 23 Triple Offset Butterfly Valves Sized >1025 Expected to Hold Largest Market Size By 2025
Figure 24 Market, By Material
Figure 25 Stainless Steel Triple Offset Butterfly Valves to Hold Largest Market Size By 2025
Figure 26 Market, By Industry
Figure 27 Oil Production and Consumption Trend (20002018)
Figure 28 Natural Gas Production and Consumption Trend (20002018)
Figure 29 Market: Geographic Snapshot
Figure 30 Snapshot of Market in North America
Figure 31 Oil Production and YOY Growth Rate in US (20002018)
Figure 32 Natural Gas Production Data and YOY Growth Rate in US (20002018)
Figure 33 Oil Production and YOY Growth Rate in Canada (20002018)
Figure 34 Gas Production and YOY Growth Rate in Canada (20002018)
Figure 35 Oil Production Data and YOY Growth Rate in Mexico (20002018)
Figure 36 Gas Production Data and YOY Growth Rate in Mexico (20002018)
Figure 37 Oil Production and YOY Growth Rate in Europe (20002018)
Figure 38 Gas Production and YOY Growth Rate in Europe (20002018)
Figure 39 Snapshot of Triple Offset Butterfly Valve Market in Europe
Figure 40 Oil Production and YOY Growth Rate in APAC (20002018)
Figure 41 Gas Production and YOY Growth Rate in APAC (20002018)
Figure 42 Snapshot of Market in APAC
Figure 43 Companies in Market Adopted Product Developments/Launches and Mergers & Acquisitions as Key Growth Strategies From 2016 to 2019
Figure 44 Triple Offset Butterfly Valve Market (Global) Competitive Leadership Mapping, 2018
Figure 45 Emerson: Company Snapshot
Figure 46 Flowserve Corporation: Company Snapshot
Figure 47 Curtiss-Wright Corporation: Company Snapshot
Figure 48 IMI PLC: Company Snapshot
Figure 49 Metso: Company Snapshot
Figure 50 Schlumberger: Company Snapshot
Figure 51 Crane: Company Snapshot
Figure 52 Kitz Corporation: Company Snapshot
Figure 53 Velan: Company Snapshot
The study involved four major activities for estimating the size of the triple offset butterfly valve market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, valves-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.
Secondary research has been conducted to obtain key information about the industrys supply chain, markets monetary chain, the total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.
Primary Research
The triple offset butterfly valve market comprises several stakeholders, such raw material and component suppliers, original equipment manufacturers (OEMs), system integrators, distribution channels, and end users. The demand side of this market is characterized by the adoption and usage of triple offset butterfly valves in industries such as oil & gas, water & wastewater treatment, energy & power, food & beverages, metals & mining, chemicals, pharmaceuticals & healthcare, building & construction , pulp & paper, and others. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents has been provided below.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the triple offset butterfly valve market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:
- Key industry players have been identified through extensive secondary research.
- The market size of industries, in terms of value, has been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the automotive & transportation, aerospace & defense, home & commercial, healthcare, energy & utilities, oil & gas, and other related industries.
Report Objectives
- To describe and forecast the triple offset butterfly valve market, by material, size, industry, and geography, in terms of value
- To describe and forecast the triple offset butterfly valve market for various segments with regard to 4 main regionsNorth America, Asia Pacific (APAC), Europe, Rest of the World (RoW), in terms of value
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the triple offset butterfly valve market
- To study a complete triple offset butterfly valve value chain and analyze current and future market trends
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall triple offset butterfly valve market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments in the triple offset butterfly valve market
- To strategically profile key players, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as product launches, acquisitions, mergers, collaborations, contracts, expansions, and partnerships in the triple offset butterfly valve market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companies specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players based on various blocks of the value chain
Growth opportunities and latent adjacency in Triple Offset Butterfly Valve Market