About Triple Offset Butterfly Valves
The triple-offset metal-seated valve delivers outstanding performance, durability, and quality in critical process applications, including steam isolation, high cycle frequency, and temperature extremes. Refining, chemical processing, power generation, maritime, pulp and paper, petroleum production, and gas processing are just a few of the industries where valves are employed. Process liquids, gases, flue gas, cryogenics, steam, condensate, petroleum products, thermal fluid, and water are all examples of applications. The market for stainless steel triple offset butterfly valves will be driven by the increased demand for high-quality triple offset butterfly valves in the food & beverage and chemicals sectors to limit the possibility of contamination in essential operations such as water and steam handling.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Triple Offset Butterfly Valves market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Burkert Fluid Control Systems (Germany), Emerson (United States), Flowserve (United States), IMI plc. (United Kingdom), Curtiss Wright (United States), Trillium Flow Technologies (Weir Group) (United States), Cameron - Schlumberger (United States), Metso Corporation (Finland), Crane Co. (United States) and KITZ Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Velan, Inc. (Canada), Neway Valve (China), ABO valve s.r.o. (Czech Republic) and Mountain States Engineering & Controls. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Triple Offset Butterfly Valves market by , Application (Oil & Gas, Energy & Power, Water and Wastewater Treatment, Chemicals, Food & Beverages, Pharmaceutical & Healthcare, Metals and Mining, Building & Construction, Paper and Pulp and Others) and Region.
On the basis of geography, the market of Triple Offset Butterfly Valves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Less than 3 Inch will boost the Triple Offset Butterfly Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Triple Offset Butterfly Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of 3D Printing Technology in Valve Manufacturing
Market Growth Drivers:
Rising Demand for Lightweight Vales with Tight Shutoff & High-Pressure Handling Capacity and Growth in Energy Sector Across West Aisa and Pacific Regions
Challenges:
High Fabrication Cost
Restraints:
Lack of Regulations and High Impact Due to Valve Failure
Opportunities:
Increasing Industrialization across Emerging Regions
Market Leaders and their expansionary development strategies
On 4th January, 2021 - Anvil and Smith-Cooper International Acquired ABZ (Leading of Resilient Seated and High-Performance Butterfly Valves Provider) and Quadrant Valve (Subsidiary Expertizing in Patented, Quarter-Turn Specialty Ball and Butterfly Valves) Segments from Forum Energy Technologies, Inc.
On 8th September, 2020 – RAYS Launched its New Triple Offset Butterfly Valve (TOV) with Full Metal Seated, Bi-Directional, & Zero-Leakage. Features Of the Offer Full Metal to Metal Sealing for Critical Conditions Such as Powder and Particle, High Pressure Drop, High Temperature, And So On.
Key Target Audience
Triple Offset Butterfly Valves Manufactures, New entrants and Investors, Triple Offset Butterfly Valves Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.