What Does the Historical and Current Butterfly Valves Market Size Trend Indicate?
The butterfly valves market has seen considerable growth due to a variety of factors.
• The market for butterfly valves has experienced robust growth in the past few years. This market is projected to expand from a value of $11.1 billion in 2024 to reach $11.81 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. The surge in growth during the historical period can be associated with factors such as industrialization and the development of infrastructure, emphasis on energy efficiency, heightened use in HVAC systems, increased globalization of trade, implementation of fire protection systems, and growth in the mining and metals sector.
How Will the Butterfly Valves Market Size Evolve over the Forecast Period?
The Butterfly Valves market is expected to maintain its strong growth trajectory in upcoming years.
• The market for butterfly valves is predicted to undergo considerable expansion in the coming years, reaching a market cap of $15.53 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%.
This projected growth within the forecast period is due to several factors including heightened attention to water safety, growth in the renewable energy sector, a growing demand for valves that require minimal maintenance, developments in material science, and the adoption of hydraulic fracturing in the oil and gas industries, as well as an industry-wide focus on reducing emission levels. Furthermore, the forecast period sees key trends such as improvements in valve technology, a growing emphasis on automation, the increased use of triple offset butterfly valves, the provision of bespoke solutions, market consolidation, and the formation of strategic partnerships.
Which Factors Are Boosting Growth In The Butterfly Valves Market?
The anticipated surge in the need for butterfly valves from the oil and gas sector is projected to boost the butterfly valve market. These valves are integral to every piping system in the industry as they control flow rates, isolate and safeguard equipment, and guide the crude oil processing. An escalation in oil and gas upstream and downstream activities will trigger a heightened demand for these valves. For example, the International Energy Agency (IEA) oil, a France-based intergovernmental organization, documented in June 2023 that global oil demand rose by 800,000 barrels per day (kb/d) in the first half of the year. This is lower than the predicted growth of 2.3 million barrels per day (mb/d) for 2023, but the demand is expected to climb by 900 kb/d in 2024 and by 950 kb/d in 2025. Consequently, the butterfly valve market is growing due to the escalating requirement from the oil and gas sector.
What Key Areas Define The Segmentation Of The Global Butterfly Valves Market?
The butterfly valves market covered in this report is segmented –
1) By Type: High-Performance Butterfly Valves, Lined Butterfly Valves
2) By Mechanism: Centric Valves (Zero Offset Butterfly Valves), Eccentric Valves
3) By Function: On Or Off Valves, Control Valves
4) By End User: Oil And Gas, Electric Power, Water And Wastewater, Chemical, Other End Users
Subsegments:
1) By High-Performance Butterfly Valves: Double Offset Butterfly Valves, Triple Offset Butterfly Valves
2) By Lined Butterfly Valves: PTFE Lined Butterfly Valves, Rubber Lined Butterfly Valves
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How Are Emerging Trends Reshaping The Dynamics Of The Butterfly Valves Market?
Prominent businesses in the butterfly valves market are placing emphasis on the creation of innovative solutions, such as double-offset butterfly valves, to augment efficacy and output. The term double-offset butterfly valves pertain to a unique valve design that positions the shaft off-center from the valve body and the disc. For instance, Kingdom Flow Control Co., a manufacturer and exporter of industrial equipment based in the UK, introduced double offset butterfly valves in August 2024. These valves highlight a one-of-a-kind stem and disc layout that lessens seat wear, diminishes torque, and prolongs service life. These innovative designs are ideal for shut-off and regulation functions, providing bi-directional sealing efficacy and a decline in operational torque. Features include adjustable live-loaded stem sealing, an anti-static design, an anti-blowout stem for improved safety, friction-free operation, and straightforward seat replacement maintenance.
Who Are the Key Players In The Butterfly Valves Market?
Major companies operating in the butterfly valves market include:
• Emerson Electric Co.
• Flowserve Corporation
• Alfa Laval AB
• AVK Holding A/S
• Crane Co.
• Bray International Inc.
• Conbraco Industries Inc.
• Milwaukee Valve Company Inc.
• Anvil International LLC
• Hayward Industries Inc.
• NIBCO Inc.
• Valworx Inc.
• Curtiss-Wright Corporation
• ASEPCO
• Schlumberger Limited
• XHVAL Industrial Valve Manufacturing Co. Ltd.
• Huamei Machinery Limited
• Flexachem Manufacturing Ltd.
• Valmet Corporation
• Thermoplastic Valves Inc.
• PR Valves LLC
• Lumaco Sanitary Valves
• Centec LLC
• Erdmann Corporation
• World Wide Metric Inc.
• Jamieson Equipment Co. Inc.
• Cipriani Harrison Valves Corp.
• Xylem Inc.
• Ryan Herco Flow Solutions
• Cargil Inc.
What Is The Most Dominant Region In The Butterfly Valves Market?
Asia-Pacific was the largest region in the butterfly valves market share in 2024. The regions covered in the butterfly valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
