Butterfly Valve Market - Global Market Share, Trends, Analysis and Forecast 2023 – 2032
The global butterfly valve market was estimated to be US$ 11.50 Billion in 2022 and is expected grow at a CAGR of 6.3% between 2023 to 2032.
A butterfly valve is a type of quarter-turn valve that is commonly used to control the flow of liquids or gases in industrial, commercial, and residential applications. The valve gets its name from the butterfly-shaped disc that is located in the center of the valve body.
The disc is connected to a shaft that passes through the body of the valve. When the shaft is turned a quarter-turn, the disc rotates either parallel or perpendicular to the flow of the fluid or gas. This allows the valve to be quickly and easily opened or closed, and to regulate the flow with precision.
Butterfly valves are lightweight and compact, making them easy to install and maintain. They are also relatively inexpensive compared to other types of valves, and can be used in a wide range of applications, from water treatment plants to power generation facilities.
Butterfly Valve Market Drivers
Increasing awareness of water consumption is driving the market growth
Butterfly valves are quarter-turn valves that are widely used in various industries such as oil and gas, chemical, water treatment, and others. The key factors driving the use of butterfly valves include efficient flow control, low maintenance, versatility, cost-effectiveness, and energy efficiency.
Butterfly valves are designed to regulate the flow of fluids in pipelines, and their quick and easy opening and closing feature makes them ideal for applications where fast response time is required. Their simple design and fewer moving parts make them easier to maintain and repair, reducing downtime and maintenance costs. They can be made from a variety of materials, including stainless steel, carbon steel, and PVC, making them versatile and adaptable to different working conditions.
Butterfly valves are generally more affordable than other types of valves, making them a popular choice for budget-conscious applications. In addition, their low maintenance requirements and long service life make them a cost-effective choice over the long term.
Butterfly valves have a streamlined design that minimizes pressure drop, making them more energy-efficient than other types of valves. Their ability to provide precise flow control means that less energy is wasted in heating or cooling areas that don't require it, further reducing energy consumption.
Type segmentation of Global Butterfly Valve Market
Lined butterfly valves is the fastest-growing type in the market
Based on type, the market is segmented into High-Performance Butterfly Valves, and Lined Butterfly Valves. Among these, high-performance butterfly valves is the largest segment. These are designed for applications that require high temperature, high pressure, or corrosive fluids. These valves are typically made of materials such as stainless steel, alloy steel, or high-temperature alloys, and may include features such as metal seats, fire-safe design, or cryogenic service.
The high-performance segment of the butterfly valve market is mainly owing to the wide variety of industries and applications that require high-performance valves, such as oil and gas, chemical, and power generation.
While, lined butterfly valves is the fastest growing segment as industries continue to seek out cost-effective and reliable solutions for fluid control. These walves have a coating or lining on the internal surface of the valve that is designed to protect against corrosion or abrasion.
The lining can be made of materials such as PTFE, rubber, or ceramic, depending on the specific application requirements. Lined butterfly valves are typically used in industries such as chemical processing, pharmaceuticals, and water treatment, where the fluid being transported may be corrosive or abrasive.
End-user segmentation of Global Butterfly Valve Market
Oil and gas industry is the largest segment of the market
Based on the end-user, the market is segmented into Oil & Gas, Electric Power, Water & Wastewater, Chemical, and other end-users.
Among these, the largest segment in the butterfly valve market by end-user is the oil and gas industry. This is due to the large-scale usage of butterfly valves in upstream, midstream, and downstream processes in the oil and gas industry. Butterfly valves are used for various applications in the oil and gas industry, including pipeline transportation, refining, and storage, making it the largest end-user segment for butterfly valves.
The water and wastewater industry is also a significant end-user segment for butterfly valves. Butterfly valves are commonly used in water and wastewater treatment facilities for regulating flow and controlling the pressure of the water, as well as in pump stations and filtration systems.
The chemical industry is another important segment for butterfly valves, as they are used for precise control and isolation of chemical substances in chemical processing plants.
The electric power industry also utilizes butterfly valves for regulating the flow of gases and liquids in power generation plants. Other end-user segments, such as food and beverage, pharmaceuticals, and pulp and paper industries, also use butterfly valves for their respective applications.
Regional trends of the Global Butterfly Valve Market
Increasing demand for energy-efficient valves is driving market growth in North America
Geographically, the global butterfly valve market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Following are some of the major trends in these regions –
North America: The North American market for butterfly valves is expected to grow due to the increasing demand for efficient flow control solutions across various industries such as oil and gas, water and wastewater, and chemical.
The oil and gas industry in the United States and Canada is a significant end-user of butterfly valves, driving market growth. Additionally, the increasing need for water conservation and wastewater treatment in the region is also expected to contribute to market growth.
Europe: The European market for butterfly valves is driven by the increasing demand for energy-efficient valves, particularly in the water and wastewater treatment and HVAC industries.
The strict environmental regulations imposed by the European Union on various industries have led to the adoption of butterfly valves as a cost-effective and energy-efficient solution for flow control. The region also has a significant chemical industry, which is expected to contribute to market growth.
Asia-Pacific: The Asia-Pacific market for butterfly valves is expected to grow significantly due to the increasing demand for infrastructure development in countries such as China and India. The rising population and urbanization in the region are driving the demand for water and wastewater treatment, which is a significant end-user segment for butterfly valves.
Additionally, the region has a growing oil and gas industry, particularly in countries such as Australia and Indonesia, which is expected to contribute to market growth.
Key players and market strategies:
Companies operating in the global butterfly valve market have adopted various growth strategies to strengthen their position in the market. One of the key strategies is product development and innovation.
Companies are investing heavily in R&D to develop advanced butterfly valves that are more efficient, reliable, and cost-effective. For instance, in 2021, Emerson Electric Co. launched a new line of butterfly valves that are designed for higher performance and lower maintenance.
Another key growth strategy is strategic partnerships and collaborations. Companies are forming partnerships and collaborations to expand their product offerings and enter new markets. For instance, in 2021, AVK Group signed a partnership agreement with AUMA, a leading provider of valve automation solutions, to expand its product portfolio and strengthen its position in the global valve market.
Mergers and acquisitions (M&A) are also popular growth strategies in the butterfly valve market. Companies are acquiring other companies to expand their product offerings and customer base.
For instance, in 2020, Curtiss-Wright Corporation acquired the valve division of Schlumberger, a leading provider of oilfield services, to expand its product portfolio and strengthen its position in the oil and gas industry. These growth strategies are expected to continue in the future as companies aim to capitalize on the growing demand for butterfly valves across various industries.
Some of the biggest companies operating in the global butterfly valve market are Alfa-Laval Corporate AB, AVK Group, Cameron, Crane Co., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, KSB Group, Velan Inc., Weir Group., and many more.
Global Butterfly Valve Market Segmentation:
By Type:
- High-Performance Butterfly Valves
- Lined Butterfly Valves
By Mechanism:
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
By Function:
- On/Off Valves
- Control Valves
By End User:
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Butterfly Valve Market
- Global Butterfly Valve Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Butterfly Valve Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- Global Butterfly Valve Market Analysis and Forecast, by Function
- Overview and definitions
- Key segment analysis
- Global Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- Global Butterfly Valve Market Analysis and Forecast, by Mechanism
- Overview and definitions
- Key segment analysis
- Global Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- Global Butterfly Valve Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- Global Butterfly Valve Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Butterfly Valve Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Butterfly Valve Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- North America Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- North America Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- North America Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- North America Butterfly Valve Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Butterfly Valve Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- Europe Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- Europe Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- Europe Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- Europe Butterfly Valve Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Butterfly Valve Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- Asia Pacific Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- Asia Pacific Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- Asia Pacific Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- Asia Pacific Butterfly Valve Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Butterfly Valve Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- Middle East & Africa Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- Middle East & Africa Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- Middle East & Africa Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- Middle East & Africa Butterfly Valve Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Butterfly Valve Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Butterfly Valve Market Estimates (US$ Mn and Units), by Type, 2019 – 2032
- High-Performance Butterfly Valves
- Lined Butterfly Valves
- South America Butterfly Valve Market Estimates (US$ Mn), by Function, 2019 – 2032
- On/Off Valves
- Control Valves
- South America Butterfly Valve Market Estimates (US$ Mn), by Mechanism, 2019 – 2032
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- South America Butterfly Valve Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Oil & Gas
- Electric Power
- Water & Wastewater
- Chemical
- Others
- South America Butterfly Valve Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Butterfly Valve Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Alfa-Laval Corporate AB
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- AVK Group
- Cameron
- Crane Co.
- Curtiss-Wright Corporation
- Emerson Electric Co.
- Flowserve Corporation
- KSB Group
- Velan Inc.
- Weir Group
- Alfa-Laval Corporate AB
- Conclusion & Recommendations
Frequently asked questions about this report
What are the driving factors in the butterfly valve market?
The key factors driving the use of butterfly valves include efficient flow control, low maintenance, versatility, cost-effectiveness, and energy efficiency.
What are the prominent butterfly valve market players across the globe?
Major players operating in the global butterfly valve market include Alfa Laval Corporate, Curtiss-Wright, Flowserve, Emerson Electric, Pentair, Weir Group, AVK Group, Crane Company, Schlumberger, Velan, KSB, Honeywell, etc., and others.
How is the regional performance of the butterfly valve market?
The North American market for butterfly valves is expected to grow due to the increasing demand for efficient flow control solutions across various industries such as oil and gas, water and wastewater, and chemical.
How large is the butterfly valve market?
The butterfly valve market was estimated to be US$ 11.50 Billion in 2022.
What is the estimated growth rate of the butterfly valve market?
The butterfly valve market is expected grow at a CAGR of 6.3% between 2023 to 2032.
Which end-user type is the largest in the butterfly valve market?
The largest segment in the butterfly valve market by end-user is the oil and gas industry. This is due to the large-scale usage of butterfly valves in upstream, midstream, and downstream processes in the oil and gas industry.
Which type is the largest in the butterfly valve market?
Lined butterfly valves is the fastest growing segment as industries continue to seek out cost-effective and reliable solutions for fluid control.