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The Europe butterfly valve market is currently witnessing moderate growth. A butterfly valve is used to start, regulate and stop the flow of gases or fluids in a pipeline. It is made using a disc, stem, seal, accumulator and two semi-circular plates. As compared to its counterparts, the butterfly valve is more reliable, economical and requires low maintenance. Consequently, it finds extensive applications in water supply and treatment plants in Europe.
Rapid urbanization and industrialization, along with the escalating demand for renewable energy and exploration activities, are among the primary factors positively influencing the butterfly valve market in Europe. Apart from this, the European Union (EU) has implemented stringent laws to regulate the standards of mining, refining, oil and gas, power, and chemical industries to control emissions and gas leakages. This, in turn, is escalating the demand for high-quality butterfly valves in the region. However, the outbreak of the coronavirus disease (COVID-19) pandemic and consequent lockdown restrictions have negatively impacted the market in Europe. This can be accredited to a temporary standstill in various manufacturing units. The butterfly valve market will experience growth once lockdown restrictions are uplifted. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe butterfly valve market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type, material type, design, function and end-use industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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