Key Findings
The North American butterfly valve market is expected to project a CAGR of 4.90% during the forecast period. The North American butterfly valve market is considered to be the mature market due to the expansion of oil & gas industries. The Shale gas production drives the demand for butterfly valves across North America, and it is also considered to lead the market during the forecast period.

Market Insights
The North American market is assessed on the basis of the United States and Canadian market. The increase in the production of oil from hydraulically fractured wells, an increased need for water treatment applications, increased demands from pulp and paper industries, are the factors driving the demand for butterfly valve market in the United States. The rise in manufacturing industries, chemical, and petrochemical industries, rising water treatment activities are the factors responsible for the boost in demand for butterfly valve market in Canada. The shale oil production of oil & gas reserves of the US and the oil price crisis, is leading to increasing demand for butterfly valves.

Competitive Insights
The major players of the market are Curtiss-Wright Corporation, Honeywell International Inc., Crane Co., The Weir Group Plc, Velan Inc., Flowserve Corporation, Schlumberger Ltd., etc. The limitations in the design, recession and the rising domestic competitors are the factors that restrain the growth of the butterfly valve market.