Global Butterfly Valves Market Projected to Achieve USD 19.4 Billion by 2033 Amid Growing Demand for Hygienic and High-Performance Valves | FMI [Yahoo! Finance]
Crane Holdings, Co. (CR)
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Source: Yahoo! Finance
Rapid industrialization and urbanization in India and China are driving demand, particularly in the oil, gas, and automotive sectors. India's high refining capacity and extensive pipeline network expansion are significant growth drivers, while China's market is expected to reach USD 4.2 billion by 2033, with a CAGR of 6.4%, fueled by ongoing oil and gas exploration activities. NEWARK, Del, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The global demand for butterfly valves is on a path to significant expansion, with a projected market size of USD 19.4 billion by 2033. This growth, up from USD 10.3 billion in 2023, represents a robust compound annual growth rate (CAGR) of 6.5% over the forecast period. The rising demand for compact, lightweight, and efficient flow control solutions across various industries is a key factor driving this market growth. Butterfly valves are increasingly preferred over other control valve types due to their design, which is particularly well-suited for automatic
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CR
Earnings
- 10/28/24 - Beat
CR
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- CR's page on the SEC website