Stratview Research announces the launch of a new research report on the Triple Offset Butterfly Valve Market is Segmented by Size Type (Up to 10”, >10”–25”, >25”–50”, and >50”), by Material Type (Stainless Steel, Carbon Steel, Alloy Based, and Others [Brass, Bronze, Cast Iron, and Cryogenic]), by End-Use Industry Type (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceuticals & Healthcare, Food & Beverages, Chemicals, Building & Construction, Pulp & Paper, Metals & Mining, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Triple Offset Butterfly Valve Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Triple Offset Butterfly Valve Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Triple offset butterfly valve market is likely to witness a healthy CAGR of 4.0% during the forecast period. The prime factors contributing to the demand for triple offset butterfly valves are growing demand for energy and power generation in developing countries along with rising urbanization. Because of triple offset butterfly valve’s lightweight structure, compact, quarter-turn design, they are easy to install, operate, and require less pipe bracing. They provide cost saving, easy repair due to replaceable seal ring and bi-directional zero leakage closure for a wide temperature range.
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period due to the significant use of butterfly valves in water & wastewater treatment industry. Furthermore, large scale industrialization and rapid urbanization are likely to propel the uses of triple offset butterfly valves in various end use industries.
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According to the report, the key players of the market are –
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Asia-pacific is expected to remain the largest triple offset butterfly valve market during the forecast period of 2021-26.
Triple offset butterfly valves of size up to 10” are expected to maintain their leadership in the market in the coming years.