"Global Butterfly Valve Market 2015-2019" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sun Oct 18 2015

Market outlook of the global butterfly valve market

Technavio's market research analysts expect the global butterfly valves market to grow significantly, posting a CAGR of over 6% in the forecast period, which is driven by the booming oil and gas industry in Latin America, Africa, and the Middle East. The increasing demand from the oil and gas industry will drive the demand for butterfly valve due to an increase in exploration and upgradation activity.

New oil and gas discoveries in the African region is expected to increase its contribution to the global oil supply. Moreover, the growing population, urbanization, and expanding middle class are also boosting the oil and gas industry in Africa. For instance, six out of 10 major discoveries in the global oil and gas industry in 2013 were made in Africa. Therefore, the rising demand for oil and gas has led to widespread exploration activities in Africa, triggering the demand for industrial valves in the region, and thus propelling the growth of the overall butterfly valve market.

Full Report Details at
- http://www.fastmr.com/prod/1060665_global_butterfly_valve.aspx?afid=301

Segmentation of the global butterfly valve market by end-user
Oil and gas industry
Water and wastewater industry
Power industry
Chemical industry
Oil and gas industry dominated the global butterfly valves market in 2014 with over 23% share, and this is expected to grow during the forecast period. New oil and gas exploration activities coupled with heavy investments in pipelines and refineries in the Americas, the Middle East, Africa, and APAC are the major factors influencing the market growth.

Geographical segmentation of the global butterfly valve market

APAC is expected to maintain the highest market share throughout the forecasting period with a 39% market share. Factors such as urbanization has surged construction activities in the region, boosting the consumption of chemicals. Also, the rapid industrialization of developing countries such as India and China has propelled the demand for oil and gas and electricity in the APAC region.

Competitive landscape and key vendors

Key vendors in this market are -

Emerson Electric
The valves and actuators industries are seeking for vendors that can provide complete solutions rather than following the traditional multi-vendor approach to meet requirements. Therefore, valve manufacturers are increasingly trying to enhance their product portfolio either through strategic M&A or by developing new products themselves.

Other prominent vendors include Alfa Laval, AVK Group, Cameron, Crane, Curtiss-Wright, Honeywell, and KSB Group.

Key questions answered in the report include

What will the market size and the growth rate be in 2019?
What are the key factors driving the global butterfly valve market?

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Industrial Valves Market - Global Trend & Forecast to 2019
- Global Hydraulic Valve Actuators Market 2015-2019
- Global Pneumatic Valve Actuators market 2015-2019
- Global Valve Market to 2019 - Market Size, Development, Top 10 Countries, and Forecasts
- Global Industrial Valves Market in Oil and Gas Industry 2015-2019

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »