Triple Offset Butterfly Valve Market
PUBLISHED: 2023 ID: SMRC23729
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Triple Offset Butterfly Valve Market

Triple Offset Butterfly Valve Market Forecasts to 2030 - Global Analysis By Type (Stainless Steel, Carbon Steel, Alloy Steel and Other Types), Material (Ductile Iron, Cast Iron, Bronze and Other Materials), Production Process (Sand Casting, Investment Casting, Die Casting AND Other Production Processes), Size, Connection Type, Application, End User and By Geography

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4.5 (80 reviews)
Published: 2023 ID: SMRC23729

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Triple Offset Butterfly Valve Market is accounted for $3.5 billion in 2023 and is expected to reach $5.3 billion by 2030 growing at a CAGR of 6.1% during the forecast period. A particular kind of valve that controls fluid flow via a pipe by use of a disc is a triple-offset butterfly valve. The valve body's core, via which the disc is attached, is the shaft. The discs are spaced apart from one another such that there are three gaps between them when they are closed. Compared to conventional butterfly valves, this design offers more flexibility and less flow resistance. Triple offset butterfly valves are frequently employed in sectors including water treatment, petrochemical processing, and oil and gas extraction.

According to the Oil 2021 report released by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, global oil consumption is anticipated to reach 104.1 mb/d by 2026.

Market Dynamics:

Driver:

Growing adoption in various industries including wastewater treatment and construction

Market’s growth can be attributed to the valve's unique design, which offers distinct advantages over traditional valves. In wastewater treatment, where precision and durability are paramount, these valves provide exceptional bubble-tight shut-off and can withstand the challenging conditions of such environments. Similarly, in the construction industry, the valves' ability to regulate fluid flow efficiently within intricate systems has made them an indispensable choice. As industries increasingly prioritize reliable performance and long-term resilience, the triple offset butterfly valve's multifaceted benefits have led to its widespread integration.

Restraint:

Unavailability of common standards and policies

The lack of common industry standards poses challenges for manufacturers, customers, and regulatory bodies alike. This dearth of uniform guidelines can lead to confusion in design, manufacturing, and application, inhibiting interoperability and hindering market expansion. The absence of cohesive standards also complicates product comparison and quality assurance for end-users. Addressing this restraint is crucial for fostering a conducive environment that promotes innovation, ensures product consistency, and facilitates smoother market operations.

Opportunity:

Growing industrialization in developing economies

As these economies experience rapid growth and modernization, there is an increasing demand for efficient fluid control solutions across various sectors. The adoption of advanced manufacturing processes, infrastructure development, and expansion of industries such as oil and gas, power generation, and chemicals further drives the need for reliable and high-performance valves. The Triple Offset Butterfly Valve's ability to provide precise control, durability, and resistance to harsh conditions positions it as a sought-after solution in these dynamic markets, enabling manufacturers to tap into a burgeoning customer base and contribute to the industrial evolution of these economies.

Threat:

Unplanned downtime due to failure of valves

Such occurrences can disrupt industrial processes, leading to production halts, financial losses, and operational inefficiencies. The failure of these critical valves may stem from issues like wear, corrosion, or inadequate maintenance. Addressing this threat necessitates investing in robust valve design, materials, and preventive maintenance practices. By ensuring the reliability and durability of triple offset butterfly valves, manufacturers can help mitigate the risk of unplanned downtime, offering industries the reassurance of uninterrupted operations and bolstering their confidence in adopting these valves for crucial applications.

Covid-19 Impact:

The COVID-19 pandemic has significantly impacted the triple offset butterfly valve market, experiencing disruptions across its supply chains, manufacturing processes, and demand dynamics. Lockdowns and restrictions slowed production and construction activities, impacting valve installations. The uncertain economic environment led to cautious spending by industries, affecting new projects and replacements. However, the market demonstrated resilience as sectors like healthcare and water management demanded continued valve operations. Remote work posed challenges in terms of maintenance and servicing. While short-term setbacks were evident, the market's adaptability and the gradual recovery of industries suggest a path toward renewed growth as the effects of the pandemic subside.

The stainless steel segment is expected to be the largest during the forecast period

The stainless steel has a significant share in the Triple Offset Butterfly Valve market. Renowned for its corrosion resistance and durability, stainless steel is a popular material choice for manufacturing these valves. Its ability to withstand harsh environments, high pressures, and corrosive fluids aligns perfectly with the demanding applications across industries such as oil and gas, chemical, and water treatment. Stainless steels inherent strength ensures the longevity and reliability of triple offset butterfly valves, making them suitable for critical processes.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas have the highest CAGR within the Triple Offset Butterfly Valve market over the forecast period. These valves play a critical role in this industry, ensuring precise control over fluid flow in various processes, from extraction to refining and distribution. Their resilience to high-pressure environments and corrosive substances makes them indispensable for operations in challenging conditions. The demand for efficient flow control, along with stringent safety and performance requirements, positions triple offset butterfly valves as a preferred choice for enhancing operational efficiency and minimizing risks in the oil and gas sector, contributing significantly to the market's growth and relevance.

Region with largest share:

North America holds a significant position and expected to hold a largest share over the forecast period. With a strong industrial base, the region's demand for these valves is driven by sectors like oil and gas, petrochemicals, and water treatment. Stringent regulations and a focus on operational efficiency fuel the adoption of these valves for their precise control and durability. The region's emphasis on technological advancements and sustainability further accelerates market growth. As triple offset butterfly valves gain traction in critical applications, North America's well-established infrastructure, coupled with its commitment to innovation, positions it as a key player in shaping the valve market's trends and developments.

Region with highest CAGR:

The Asia Pacific region witnessed highest CAGR in the Triple Offset Butterfly Valve market, Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations drive substantial demand for these valves across sectors such as energy, water treatment, and manufacturing. As economies grow, the need for reliable flow control solutions increases, propelling the adoption of triple offset butterfly valves due to their efficiency and durability. The region's expanding industrial landscape, coupled with a focus on modernizing processes, positions Asia Pacific as a significant growth engine for the valve market, shaping its trajectory in response to evolving industrial requirements.

Key players in the market

Some of the key players in Triple Offset Butterfly Valve Market include Emerson, Hobbs Valve, JC Valves, L&T Valves, ARI Valve Corp, Assured Automation, Belimo Americas, Bray International, ADAMS Armature GmBH, Advanced Valve Design, Cameron, CRANE ChemPharma & Energy, Dembla Valves Ltd, The Weir Group, Value Valves Co., Ltd, Northeast Fluid Controls, OHL Gutermuth Industrial Valves GmbH, Pentair Valves & Controls and Zwick.

Key Developments:

In December2022, GF Piping Systems announced the launch of its new Butterfly Valve 565. According to the company, Butterfly Valve 565 is strong but lightweight, consisting of high-performance plastic components. It applies for up to 16 bars, and tough temperatures range from -10 to +80 degrees Celsius.

In October 2022, Neles launched a new versatile butterfly valve product range that enables easy valve configuration for many applications in all process industries. According to the company, the product range offers superior process efficiency with a minimized environmental footprint.

In July 2022, Valworx released their new line of all stainless air-actuated sanitary butterfly valves. These all stainless sanitary butterfly valves feature Tri-Clamp ends for hygienic connections, and all materials comply with USDA, FDA, and 3-A standards. According to the company, these butterfly valves are suitable for pharmaceuticals, food, beverage, personal care, and pet care.

Types Covered:
• Stainless Steel
• Carbon Steel
• Alloy Steel
• Other Types

Materials Covered:
• Ductile Iron
• Cast Iron
• Bronze
• Other Materials

Production Processes Covered:
• Sand Casting
• Investment Casting
• Die Casting
• Other Production Processes

Sizes Covered:
• Up to 3”
• 3” – 10”
• 10” – 25”
• 25” – 50”
• 50” and Larger

Connection Types Covered:
• Wafer
• Lug
• Flanged

Applications Covered:
• Oil & Gas
• Energy & Power
• Water and Wastewater Treatment
• Chemicals
• Food & Beverages
• Pharmaceutical & Healthcare
• Metals and Mining
• Building & Construction
• Paper and Pulp
• Other Applications

End Users Covered:
• Direct Sales
• Distributors
• E-commerce
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Triple Offset Butterfly Valve Market, By Type
5.1 Introduction
5.2 Stainless Steel
5.3 Carbon Steel
5.4 Alloy Steel
5.5 Other Types

6 Global Triple Offset Butterfly Valve Market, By Material
6.1 Introduction
6.2 Ductile Iron
6.3 Cast Iron
6.4 Bronze
6.5 Other Materials

7 Global Triple Offset Butterfly Valve Market, By Production Process
7.1 Introduction
7.2 Sand Casting
7.3 Investment Casting
7.4 Die Casting
7.5 Other Production Processes

8 Global Triple Offset Butterfly Valve Market, By Size
8.1 Introduction
8.2 Up to 3”
8.3 3” – 10”
8.4 10” – 25”
8.5 25” – 50”
8.6 50” and Larger

9 Global Triple Offset Butterfly Valve Market, By Operational Connection Type
9.1 Introduction
9.2 Wafer
9.3 Lug
9.4 Flanged

10 Global Triple Offset Butterfly Valve Market, By Application
10.1 Introduction
10.2 Oil & Gas
10.3 Energy & Power
10.4 Water and Wastewater Treatment
10.5 Chemicals
10.6 Food & Beverages
10.7 Pharmaceutical & Healthcare
10.8 Metals and Mining
10.9 Building & Construction
10.10 Paper and Pulp
10.11 Other Applications

11 Global Triple Offset Butterfly Valve Market, By End User
11.1 Introduction
11.2 Direct Sales
11.3 Distributors
11.4 E-commerce
11.5 Other End Users

12 Global Triple Offset Butterfly Valve Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa

13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 Company Profiling
14.1 Emerson
14.2 Hobbs Valve
14.3 JC Valves
14.4 L&T Valves
14.5 ARI Valve Corp
14.6 Assured Automation
14.7 Belimo Americas
14.8 Bray International
14.9 ADAMS Armature GmBH
14.10 Advanced Valve Design
14.11 Cameron
14.12 CRANE ChemPharma & Energy
14.13 Dembla Valves Ltd
14.14 The Weir Group
14.15 Value Valves Co., Ltd
14.16 Northeast Fluid Controls
14.17 OHL Gutermuth Industrial Valves GmbH
14.18 Pentair Valves & Controls
14.19 Zwick

List of Tables
1 Global Triple Offset Butterfly Valve Market Outlook, By Region (2021-2030) ($MN)
2 Global Triple Offset Butterfly Valve Market Outlook, By Type (2021-2030) ($MN)
3 Global Triple Offset Butterfly Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
4 Global Triple Offset Butterfly Valve Market Outlook, By Carbon Steel (2021-2030) ($MN)
5 Global Triple Offset Butterfly Valve Market Outlook, By Alloy Steel (2021-2030) ($MN)
6 Global Triple Offset Butterfly Valve Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Triple Offset Butterfly Valve Market Outlook, By Material (2021-2030) ($MN)
8 Global Triple Offset Butterfly Valve Market Outlook, By Ductile Iron (2021-2030) ($MN)
9 Global Triple Offset Butterfly Valve Market Outlook, By Cast Iron (2021-2030) ($MN)
10 Global Triple Offset Butterfly Valve Market Outlook, By Bronze (2021-2030) ($MN)
11 Global Triple Offset Butterfly Valve Market Outlook, By Other Materials (2021-2030) ($MN)
12 Global Triple Offset Butterfly Valve Market Outlook, By Production Process (2021-2030) ($MN)
13 Global Triple Offset Butterfly Valve Market Outlook, By Sand Casting (2021-2030) ($MN)
14 Global Triple Offset Butterfly Valve Market Outlook, By Investment Casting (2021-2030) ($MN)
15 Global Triple Offset Butterfly Valve Market Outlook, By Die Casting (2021-2030) ($MN)
16 Global Triple Offset Butterfly Valve Market Outlook, By Other Production Processes (2021-2030) ($MN)
17 Global Triple Offset Butterfly Valve Market Outlook, By Size (2021-2030) ($MN)
18 Global Triple Offset Butterfly Valve Market Outlook, By Up to 3” (2021-2030) ($MN)
19 Global Triple Offset Butterfly Valve Market Outlook, By 3” – 10” (2021-2030) ($MN)
20 Global Triple Offset Butterfly Valve Market Outlook, By 10” – 25” (2021-2030) ($MN)
21 Global Triple Offset Butterfly Valve Market Outlook, By 25” – 50” (2021-2030) ($MN)
22 Global Triple Offset Butterfly Valve Market Outlook, By 50” and Larger (2021-2030) ($MN)
23 Global Triple Offset Butterfly Valve Market Outlook, By Operational Connection Type (2021-2030) ($MN)
24 Global Triple Offset Butterfly Valve Market Outlook, By Wafer (2021-2030) ($MN)
25 Global Triple Offset Butterfly Valve Market Outlook, By Lug (2021-2030) ($MN)
26 Global Triple Offset Butterfly Valve Market Outlook, By Flanged (2021-2030) ($MN)
27 Global Triple Offset Butterfly Valve Market Outlook, By Application (2021-2030) ($MN)
28 Global Triple Offset Butterfly Valve Market Outlook, By Oil & Gas (2021-2030) ($MN)
29 Global Triple Offset Butterfly Valve Market Outlook, By Energy & Power (2021-2030) ($MN)
30 Global Triple Offset Butterfly Valve Market Outlook, By Water and Wastewater Treatment (2021-2030) ($MN)
31 Global Triple Offset Butterfly Valve Market Outlook, By Chemicals (2021-2030) ($MN)
32 Global Triple Offset Butterfly Valve Market Outlook, By Food & Beverages (2021-2030) ($MN)
33 Global Triple Offset Butterfly Valve Market Outlook, By Pharmaceutical & Healthcare (2021-2030) ($MN)
34 Global Triple Offset Butterfly Valve Market Outlook, By Metals and Mining (2021-2030) ($MN)
35 Global Triple Offset Butterfly Valve Market Outlook, By Building & Construction (2021-2030) ($MN)
36 Global Triple Offset Butterfly Valve Market Outlook, By Paper and Pulp (2021-2030) ($MN)
37 Global Triple Offset Butterfly Valve Market Outlook, By Other Applications (2021-2030) ($MN)
38 Global Triple Offset Butterfly Valve Market Outlook, By End User (2021-2030) ($MN)
39 Global Triple Offset Butterfly Valve Market Outlook, By Direct Sales (2021-2030) ($MN)
40 Global Triple Offset Butterfly Valve Market Outlook, By Distributors (2021-2030) ($MN)
41 Global Triple Offset Butterfly Valve Market Outlook, By E-commerce (2021-2030) ($MN)
42 Global Triple Offset Butterfly Valve Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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