Triple offset valves, also known as triple eccentric valves, are designed originally for water shut-off applications. Currently, these valves have received attention from various industries because of the role they can play in controlling fugitive emission. Generally, triple offset valves are used for specific applications because of their sealing feature along with cost saving over other metal-seated valves.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the size type, the triple offset butterfly valve market is segmented as up to 10”, 10”-25”, 25”-50”, and more than 50”. The size of valve is selected based on flow pressure, noise, vibration, and media. Triple offset butterfly valves of size up to 10” accounted for the largest market share and are expected to maintain their leadership during the forecast period. Valves of this size are mostly used in water & wastewater treatment, chemical, oil & gas, and energy & power industries as these valves are easy to replace, require less maintenance, and have efficient working mechanism.

Based on the material type, the market is segmented as stainless steel, carbon steel, alloy based, and others. Stainless steel-based triple offset butterfly valves dominated the market in 2020, and are expected to remain dominant during the forecast period. Rising demand for high-quality butterfly valves in food & beverages and chemical industries in order to mitigate the contamination in critical processes is likely to drive the market.

Based on the end-use industry type, the triple offset butterfly valve market is segmented as oil & gas, water & wastewater treatment, energy & power, pharmaceuticals & healthcare, food & beverages, metals & mining, chemicals, building & construction, pulp & paper, and others. Oil & gas is expected to dominate the market during the forecast period owing to the industry’s need for minimizing the production cost and to enhance operational efficiency.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period due to the significant use of butterfly valves in water & wastewater treatment industry. Furthermore, large scale industrialization and rapid urbanization are likely to propel the uses of triple offset butterfly valves in various end use industries.

Key Players:               

• Bürkert Fluid Control Systems

• Emerson Electric Co.

• Flowserve Corporation

• IMI plc.

• Curtiss Wright Corporation

• Trillium Flow Technologies

• Cameron International Corporation

• Metso Corporation

• Crane Co.

• KITZ Corporation

• others.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.