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Triple Offset Butterfly Valve Market Report
Triple Offset Butterfly Valve Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
Triple offset butterfly valve market is likely to witness a healthy CAGR of 4.0% during the forecast period. The prime factors contributing to the demand for triple offset butterfly valves are growing demand for energy and power generation in developing countries along with rising urbanization. Because of triple offset butterfly valve’s lightweight structure, compact, quarter-turn design, they are easy to install, operate, and require less pipe bracing. They provide cost saving, easy repair due to replaceable seal ring and bi-directional zero leakage closure for a wide temperature range.
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Triple Offset Butterfly Valve Market - Snapshot |
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Growth |
4.0% for the next five years |
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Major Size Type |
Up to 10” |
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Dominant Material Type |
Stainless Steel |
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Dominant End-Use Industry Type |
Oil & Gas |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Bürkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, IMI plc., Curtiss Wright Corporation, Trillium Flow Technologies, Cameron - Schlumberger, Metso Corporation, Crane Co., KITZ Corporation, and others. |
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Based on the size type, the triple offset butterfly valve market is segmented as up to 10”, 10”-25”, 25”-50”, and more than 50”. The size of valve is selected based on flow pressure, noise, vibration, and media. Triple offset butterfly valves of size up to 10” accounted for the largest market share and are expected to maintain their leadership during the forecast period. Valves of this size are mostly used in water & wastewater treatment, chemical, oil & gas, and energy & power industries as these valves are easy to replace, require less maintenance, and have efficient working mechanism.
Based on the material type, the market is segmented as stainless steel, carbon steel, alloy based, and others. Stainless steel-based triple offset butterfly valves dominated the market in 2020, and are expected to remain dominant during the forecast period. Rising demand for high-quality butterfly valves in food & beverages and chemical industries in order to mitigate the contamination in critical processes is likely to drive the market.
Based on the end-use industry type, the triple offset butterfly valve market is segmented as oil & gas, water & wastewater treatment, energy & power, pharmaceuticals & healthcare, food & beverages, metals & mining, chemicals, building & construction, pulp & paper, and others. Oil & gas is expected to dominate the market during the forecast period owing to the industry’s need for minimizing the production cost and to enhance operational efficiency.
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period due to the significant use of butterfly valves in water & wastewater treatment industry. Furthermore, large scale industrialization and rapid urbanization are likely to propel the uses of triple offset butterfly valves in various end use industries.
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Triple offset valves, also known as triple eccentric valves, are designed originally for water shut-off applications. Currently, these valves have received attention from various industries because of the role they can play in controlling fugitive emission. Generally, triple offset valves are used for specific applications because of their sealing feature along with cost saving over other metal-seated valves.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Triple Offset Butterfly Valve Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The triple offset butterfly valve market is segmented into the following categories.
Some of the major triple offset butterfly valve manufacturers are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The triple offset butterfly valve market is expected to witness an impressive growth of 4.0% CAGR in the foreseeable future.
Bürkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, IMI plc, Curtiss Wright Corporation, Trillium Flow Technologies, Cameron International Corporation, Metso Corporation, Crane Co., KITZ Corporation, and others are among the key players in the triple offset butterfly valve market.
Asia-pacific is expected to remain the largest triple offset butterfly valve market during the forecast period of 2021-26.
Oil & gas is expected to remain dominant end-use industry in the triple offset butterfly valve market in the coming five years.
Stainless steel-based triple offset butterfly valve segment is expected to remain dominant in the triple offset butterfly valve market over the next five years.
Triple offset butterfly valves of size up to 10” are expected to maintain their leadership in the market in the coming years.
The prime factors contributing to the demand for triple offset butterfly valves are growing demand for energy and power generation in developing countries along with rising urbanization.
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