The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
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:
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Breakup by End Use 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||2020|
|Segment Coverage||Product Type, Material Type, Design, Function, End Use Industry, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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