Butterfly valve Market Size, Trends, Opportunities, Innovations & Forecast till 2025
According to a new report published by KD Market Insights , titled, " Butterfly Valves Market by Type, Mechanism, Function, and End User: Global Opportunity Analysis and Industry Forecast, 2018–2025," the butterfly valves market size was valued at $8,282.61 million in 2017, and is projected to reach at $13,667.0 million by 2025, growing at a CAGR of 6.3% from 2018 to 2025. Asia-Pacific is expected to be the leading contributor to the global butterfly valves market, followed by Europe and North America. Butterfly valve (also known as quarter turn valve) is a shut-off valve used to isolate and control the flow of fluid and gases in various industrial applications. It is also known as quarter turn valve. The simple structure of butterfly valve includes a disk placed in middle of a pipe and swivels sideways or on uprights which starts and stops the fluid flow. Furthermore, these valves are economical, consume less space, and lightweight as compared ...