The Asia Pacific butterfly valve market is expected to record a CAGR of 7.27% during the forecast period. The Asia Pacific butterfly valve market is estimated to be the fastest-growing market during the forecast period. It dominated the overall market in terms of revenue. The rising energy sources, expanding oil and gas saves, expanding selection of pipeline transportation, expanding development exercises because of fast industrialization and urbanization, and so forth, are evaluated to drive the development of the Asia Pacific butterfly valve showcase during the forecast period.
The Asia Pacific market is assessed on the basis of China, India, South Korea, Australia, Japan, and the Rest of Asia Pacific. The expanding water infrastructures, industrial infrastructures, refineries, chemical industries, and the increase in capital spending for power generation along with the rapid growth of Chinese economy, are the factors estimated to drive the Asia Pacific butterfly valve market. However, the stagnant growth in developed countries, the emergence of domestic competitors, limitations in the designs are few of the restraints that can hamper the growth of Asia Pacific butterfly valve market.
Nibco Inc., ITT Inc., Georg Fischer Ltd, Crane Co., The Weir Group Plc, Honeywell International Inc., KSB SE & Co. KGAA, Curtiss-Wright Corporation, AVK Holding A/S, Alfa Laval, Schlumberger Ltd., Velan Inc., IMI Plc, Flowserve Corporation, etc. are the major players in the market.