Market Overview:
The Global Silo Closure Butterfly Valves Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for food and beverages, rising investments in food and beverage industries, and growing awareness about hygiene across the globe. In terms of type, the low-temperature segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the increasing demand for frozen food products across different regions.
Product Definition:
A Silo Closure Butterfly Valve is a valve that is used to close off the top of a silo in order to prevent the release of stored material. The importance of Silo Closure Butterfly Valves is that they help to keep people and property safe by preventing the release of stored material.
Low Temperature:
Low temperature is the lowest possible temperature an alloy can attain without liquefaction. Low-temperature alloys are used in various applications, such as nuclear reactors and spacecraft. The growth factor is a measure of how much demand there will be for low-temperature alloys in application X over the coming years.
The global low temperature, it's usage and growth factor in silo closure butterfly valves market size was valued at USD 1,001 million in 2016.
Medium Temperature:
The medium temperature and it’s usage in silo closure butterfly valves market is segmented into two types based on the material type and application. The material type is further sub-segmented into stainless steel, carbon steel, alloy metals & plastic. Based on the application, it is classified as chemical process industry including petrochemical plants; power generation plants; oil refineries & gas processing plants; pulp & paper mills; food processing facilities and metal manufacturing facilities.
Application Insights:
The liquid application segment led the global silo closure butterfly valves market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for industrial liquids, such as flue gas desulfurization chemicals, lubricants and oils, hydraulic fluids, cooling water circulation systems for electronics plants and petrochemical plants among others.
Powder applications include mining operations where explosives are used or stored along with their feed materials such as fertilizers among others. Increasing mining activities across various regions coupled with favorable government regulations aimed at promoting infrastructure development is expected to drive product demand in powder applications over the forecast period.
Regional Analysis:
Asia Pacific dominated the global silo closure butterfly valves market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies such as China, India, and Japan has led to an increase in construction activities for storage tanks across various industries. This has resulted in increased demand for these valves across end-use industries such as oil & gas, chemical, water treatment etc.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to increasing infrastructure development projects by governments of countries including Saudi Arabia and UAE among others are likely to boost product demand across several sectors including water treatment plants and energy generation facilities. In addition, rising infrastructural developments coupled with growing oil & gas industry will drive growth further over the coming years.
Growth Factors:
- Increasing demand from the oil and gas industry for reliable and efficient valves for controlling the flow of fluids
- Rising investments in infrastructure development across the globe
- Growing popularity of butterfly valves as an alternative to traditional ball valves in many industries
- Technological advancements that have led to the development of more durable and efficient butterfly valves
- The increasing demand for automation in industrial processes, which is benefiting the market for Silo Closure Butterfly Valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Silo Closure Butterfly Valves Market Research Report
By Type
Low Temperature, Medium Temperature, High Temperature, Normal Temperature
By Application
Liquid, Powder, Others
By Companies
Wamgroup S.p.a, Tectra Ltd, Sn Engineering Services, Elega, Cubic3, Wesdom Group, Filquip, Bk Group, Zhejiang Akmk Automation, Shanghai Santo Company, Wamgroup S.p.a, Hebei Weichun Trade
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Silo Closure Butterfly Valves Market Report Segments:
The global Silo Closure Butterfly Valves market is segmented on the basis of:
Types
Low Temperature, Medium Temperature, High Temperature, Normal Temperature
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Liquid, Powder, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wamgroup S.p.a
- Tectra Ltd
- Sn Engineering Services
- Elega
- Cubic3
- Wesdom Group
- Filquip
- Bk Group
- Zhejiang Akmk Automation
- Shanghai Santo Company
- Wamgroup S.p.a
- Hebei Weichun Trade
Highlights of The Silo Closure Butterfly Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Temperature
- Medium Temperature
- High Temperature
- Normal Temperature
- By Application:
- Liquid
- Powder
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silo Closure Butterfly Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Silo closure butterfly valves are used in the oil and gas industry to control the flow of fluids. They are also known as check valve, or stop cock valves.
Some of the major companies in the silo closure butterfly valves market are Wamgroup S.p.a, Tectra Ltd, Sn Engineering Services, Elega, Cubic3, Wesdom Group, Filquip, Bk Group, Zhejiang Akmk Automation, Shanghai Santo Company, Wamgroup S.p.a, Hebei Weichun Trade.
The silo closure butterfly valves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silo Closure Butterfly Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silo Closure Butterfly Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silo Closure Butterfly Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silo Closure Butterfly Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silo Closure Butterfly Valves Market Size & Forecast, 2018-2028
4.5.1 Silo Closure Butterfly Valves Market Size and Y-o-Y Growth
4.5.2 Silo Closure Butterfly Valves Market Absolute $ Opportunity
Chapter 5 Global Silo Closure Butterfly Valves Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Silo Closure Butterfly Valves Market Size Forecast by Type
5.2.1 Low Temperature
5.2.2 Medium Temperature
5.2.3 High Temperature
5.2.4 Normal Temperature
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Silo Closure Butterfly Valves Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Silo Closure Butterfly Valves Market Size Forecast by Applications
6.2.1 Liquid
6.2.2 Powder
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Silo Closure Butterfly Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silo Closure Butterfly Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Silo Closure Butterfly Valves Analysis and Forecast
9.1 Introduction
9.2 North America Silo Closure Butterfly Valves Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Silo Closure Butterfly Valves Market Size Forecast by Type
9.6.1 Low Temperature
9.6.2 Medium Temperature
9.6.3 High Temperature
9.6.4 Normal Temperature
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Silo Closure Butterfly Valves Market Size Forecast by Applications
9.10.1 Liquid
9.10.2 Powder
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Silo Closure Butterfly Valves Analysis and Forecast
10.1 Introduction
10.2 Europe Silo Closure Butterfly Valves Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Silo Closure Butterfly Valves Market Size Forecast by Type
10.6.1 Low Temperature
10.6.2 Medium Temperature
10.6.3 High Temperature
10.6.4 Normal Temperature
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Silo Closure Butterfly Valves Market Size Forecast by Applications
10.10.1 Liquid
10.10.2 Powder
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Silo Closure Butterfly Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Silo Closure Butterfly Valves Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Silo Closure Butterfly Valves Market Size Forecast by Type
11.6.1 Low Temperature
11.6.2 Medium Temperature
11.6.3 High Temperature
11.6.4 Normal Temperature
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Silo Closure Butterfly Valves Market Size Forecast by Applications
11.10.1 Liquid
11.10.2 Powder
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Silo Closure Butterfly Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America Silo Closure Butterfly Valves Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Silo Closure Butterfly Valves Market Size Forecast by Type
12.6.1 Low Temperature
12.6.2 Medium Temperature
12.6.3 High Temperature
12.6.4 Normal Temperature
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Silo Closure Butterfly Valves Market Size Forecast by Applications
12.10.1 Liquid
12.10.2 Powder
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Silo Closure Butterfly Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Silo Closure Butterfly Valves Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Silo Closure Butterfly Valves Market Size Forecast by Type
13.6.1 Low Temperature
13.6.2 Medium Temperature
13.6.3 High Temperature
13.6.4 Normal Temperature
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Silo Closure Butterfly Valves Market Size Forecast by Applications
13.10.1 Liquid
13.10.2 Powder
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Silo Closure Butterfly Valves Market: Competitive Dashboard
14.2 Global Silo Closure Butterfly Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wamgroup S.p.a
14.3.2 Tectra Ltd
14.3.3 Sn Engineering Services
14.3.4 Elega
14.3.5 Cubic3
14.3.6 Wesdom Group
14.3.7 Filquip
14.3.8 Bk Group
14.3.9 Zhejiang Akmk Automation
14.3.10 Shanghai Santo Company
14.3.11 Wamgroup S.p.a
14.3.12 Hebei Weichun Trade
