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Global Triple Offset Butterfly Valve Market is Projected to Reach US$ 651.4 Mn by 2023

Author: QYResearch | Publish date: 2018-08-20 | Views: 47
New report published by QY Research which offers insights on the global Triple Offset Butterfly Valve market. The Triple Offset Butterfly Valve market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for Triple Offset Butterfly Valve is expected to reflect increase in the revenue growth. In 2018 the global Triple Offset Butterfly Valve market was valued at US$ 531.01 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 651.4 Mn growing at a value CAGR of 3.51% throughout the period of forecast.

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Global Triple Offset Butterfly Valve Market: Market Driver and Restraint

Applications of Triple Offset Butterfly Valve are anticipated to create new business segments in the market. Triple offset butterfly valves have the same component as a concentric butterfly valve. A triple offset butterfly valve is usually metal to metal seat configuration valve. With this design the valve can achieve zero-leakage. Typically a triple offset butterfly valve has no cavity to allow build-up.


Global Triple Offset Butterfly Valve Market: Key Takeaways

·        Today, TOVs offer countless benefits to the industry, and most recently they’ve received attention because of the role they can play in controlling fugitive emissions. The industry has started to look for more unique and innovative ways of combating this global emissions challenge, and TOVs are an area where valve manufacturers have recently focused. By incorporating new and improved features, TOVs are used in ways never before seen while they are also being used more cost effectively.

·        Generally, TOVs are selected for specific applications because of their sealing features as well as cost savings over other metal-seated valve types. Because of the compact, quarter-turn design and lightweight structure, TOVs can be installed and operated easily, and they require less pipe bracing. A replaceable seal ring that allows quick and easy repair and the low torque of TOVs (which permits smaller actuators) mean even more cost savings.


Global Triple Offset Butterfly Valve Market: Forecast by Application

This segment includes oil and gas, petrochemical, energy power generation and others. In terms of volume, oil and gas segment is expected to remain dominant in the global Triple Offset Butterfly Valve market.


Global Triple Offset Butterfly Valve Market: Forecast by Form

Form segment consists of carbon steel dispensing valves, stainless steel dispensing valves, alloy steel dispensing valves and others. carbon steel dispensing valves segment has the largest market share of 48.41% in 2017.


Global Triple Offset Butterfly Valve Market: Forecast by Region

With emerging economies growing faster, a strategy has been adopted by most leading vendors in the mechanical seals market to approach these areas. Europe is the largest market of Triple offset butterfly valves based on production revenue and account for 29.32% of the revenue market in 2017.


Global Triple Offset Butterfly Valve Market: Key Players

YuADAMS Armaturen GmbH, Cameron, Emerson, L&T Valves, Zwick, The Weir Group, Bray International, Hobbs Valve, Pentair Valves & Controls, JC Valves, Velan, Dembla Valves Ltd, are the key vendors included in this report.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/118913/global-triple-offset-butterfly-valves-sales-market


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