The North America butterfly valve market is expected to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Butterfly valves are quarter-turn rotational shutoff valves commonly used to start, regulate and stop the flow of fluids or gases through a pipeline. These valves are made using two semi-circles linked to a disc shape, which operates using gears and handles. They are reliable and find extensive applications in the oil and gas, water treatment, and pulp and paper industries across the North American region.
The increasing oil exploration activities represent one of the significant factors propelling the growth of the North America butterfly valve market. Apart from this, butterfly valves consume less space, exhibit simple constructions and cost less than isolation valves. Consequently, they are widely utilized in the production of chemicals and shale oil and gas reserves. Furthermore, the leading manufacturers are investing in renewable power plants to reduce their dependency on fossil fuels. Besides this, the outbreak of the coronavirus disease (COVID-19) has negatively impacted the market. This can be accredited to lockdown restrictions, temporary closures of manufacturing units and disruption in the supply chain. However, the market is anticipated to experience an increase in overall sales once the regional governing agencies introduce lockdown relaxations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America butterfly valve market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on product type, material type, design, function and end use industry.
Breakup by Product Type:
Rubber Lined Butterfly Valve
Plastic Lined Butterfly Valve
Metal Lined Butterfly Valve
Breakup by Material Type:
Breakup by Design:
Centric Butterfly Valve
Single-Eccentric Butterfly Valve
Double-Eccentric Butterfly Valve
Triple-Eccentric Butterfly Valve
Breakup by Function:
Breakup by End Use Industry:
Oil and Gas Industry
Water and Wastewater Industry
Power Generation Industry
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Product Type, Material Type, Design, Function, End Use Industry, Country
United States, Canada
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Key Questions Answered in This Report:
How has the North America butterfly valve market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the North America butterfly valve market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the design?
What is the breakup of the market based on the function?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the North America butterfly valve market and who are the key players?
What is the degree of competition in the industry?
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