$2.8 Billion Triple Offset Butterfly Valves Industry to 2027 - Impact of COVID-19 on the Market

Dublin, March 30, 2021 (GLOBE NEWSWIRE) -- The "Triple Offset Butterfly Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Triple Offset Butterfly Valves estimated at US$ 2.8 Billion in the year 2020, is projected to reach a revised size of US$ 3.7 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027.

Stainless Steel, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$ 1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cast Iron segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $832.5 Million, While China is Forecast to Grow at 3.7% CAGR

The Triple Offset Butterfly Valves market in the U.S. is estimated at US$ 832.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 656.6 Million by the year 2027 trailing a CAGR of 3.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Cryogenic Segment to Record 4% CAGR

In the global Cryogenic segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 411.6 Million in the year 2020 will reach a projected size of US$ 544.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 411.5 Million by the year 2027.

Select Competitors (Total 38 Featured):

• ADAMS Armature GmBH

• Advanced Valve Design

• ARI Valve Corp

• Assured Automation

• Belimo Americas

• Bray International

• Cameron

• CRANE ChemPharma?Energy

• Dembla Valves Ltd

• Emerson

• Hobbs Valve

• JC Valves

• L&T Valves

• North American Machine Works

• Northeast Fluid Controls

• OHL Gutermuth Industrial Valves GmbH

• Pentair Valves & Controls

• The Weir Group

• Value Valves Co., Ltd

• Velan

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Global Competitor Market Shares

• Triple Offset Butterfly Valves Competitor Market Share Scenario Worldwide (in %): 2020E

• Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/xom9ji

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