Butterfly Valves Market Is Expected to USD 17.11 Billion by 2030. Smart Investment in a Quality Butterfly Valve Is Expected to Unlock Efficiency in Industrial Applications | MMR

The Butterfly Valves Market size was valued at USD 11.2 Billion in 2023 and the total Butterfly Valves Market revenue is expected to grow at a CAGR of 6.24 % from 2024 to 2030, reaching nearly USD 17.11 Billion.

Butterfly Valves Definition:

A butterfly valve is a device that rotates its disk by a quarter-turn to tolerate or restrict the flow of media within the diameters of large pipes. It is also called as quarter-turn valves. The butterfly is a metal disc, which is mounted on a rod. It is designed to fully open and close operation and flow control of the passage of a fluid in a pipe. Butterfly valve is used in application area in the oil and gas industry, water and, paper industry, wastewater industry, power generation industry, cryogenic application, chemical industry and others.

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Butterfly Valves Market Overview:
Butterfly valves are quarter turn rotational movement valves and are a vital part of pumping system. It offers many benefits over other conventional valve types such as savings in weight, space as well as maintenance costs. The number of moving parts is low and there are also no pockets to trap fluids. Butterfly valves are ideal product for liquid and gas applications, which are very corrosive or aggressive. A butterfly valve is a device designed to isolate the flow in pipes using a disc which, when aligned with the connecting pipe(s) allows flow. The disc is rotated by a sealed stem that connects it to the turning device, which can be a manually operated by a lever or gearbox. Nowadays, butterfly valves are used in many applications because with correctly matched materials of construction to their intended application. A butterfly valve offers a reliable and effective means of controlling flow in pipes.

The butterfly valves have high demand in the Major oil-producing regions include the Middle East (Saudi Arabia, Iraq, Iran), North America (United States, Canada), Russia, Latin America (Brazil, Venezuela), and Africa (Nigeria, Angola). The butterfly valves have several certifications for safe usage and resistance to many influences like drinking water approval, ATEX or the safety requirements of directive 97/23/EC, porosity testing and leak testing. Key players operating in the Butterfly Valves market are offering comprehensive range of triple-offset butterfly valves in a variation of body styles and materials to address critical process requirements in various industries like hydrocarbon, power, chemicals & fertiliser, water, etc. Companies are employing various strategies like product innovation, cost optimization, geographic expansion, mergers & acquisitions (m&a) and focus on aftermarket services. New materials, manufacturing techniques, and automation are expected to create a competitive advantage for key players to increase their sales revenue. The Butterfly Valve Market is a dynamic and competitive space.
Butterfly Valves Market Dynamics:
The MMR report covers the detail analysis of the market dynamics factors like drivers, restraints, challenges and opportunities under the section of butterfly valves market dynamics. The Butterfly Valves Market growth is driven by the factors like Oil & Gas Industry expansion, Water & Wastewater Treatment Expansion, Industrialization Boom in Developing Economies and Automation Integration in Process Industries.

The oil and gas industry are heavily relying on butterfly valves that drive the demand and sales growth of Butterfly Valves.

The oil and gas industry are one of the largest sectors across the globe, with a momentous impact on global GDP and trade. It includes the activities like exploration, production, refining, transportation, and distribution of crude oil, natural gas, and petroleum products. Oil remains a dominant source of energy, impacting everything from transportation to manufacturing. Technological advancements are constantly evolving the industry, with areas like automation and digitalization playing an increasing role. Butterfly valves are used in a variety of applications in the oil and gas industry like upstream, midstream, and downstream operations, which is expected to boost the Butterfly Valve Market growth. The growth of the oil and gas industry is expected to continue to drive demand for butterfly valves during the near future. The industry is also experiencing a transition towards cleaner and more sustainable energy sources, which is expected to impact the long-term demand projections for butterfly valves.

Companies are still actively exploring for new oil and gas reserves, particularly in unconventional sources like shale formations. The oil & gas industry is continuously adopting innovative technologies, which helps to improve efficiency that is expected to increase the demand for butterfly valves. Oil and gas operations deal with harsh environments with high pressure and extreme temperatures. Butterfly valves are suitable solution in the harsh conditions and helps to offer feature like robust construction with strong metal bodies and resilient seats. The quarter-turn operation of butterfly valves allows for quick opening and closing, making them ideal for controlling flow during various stages of oil and gas production. Butterfly valves come in a wide range of sizes and materials, making them suitable for various applications within the oil and gas industry.

Exploration activities have expanded to discover new oil and gas reserves, both onshore and offshore across various regions worldwide. Downstream infrastructure like refineries, petrochemical plants, pipelines are expected to expand during the forecast period to meet growing demand for refined products and chemicals that also expected to drive the demand for butterfly valves in the oil and gas sector.

The water and wastewater treatment sector are one of major drivers in the Butterfly Valves Market

The water and wastewater treatment industry are a vital sector that ensures clean water for consumption and sanitation, and proper treatment of wastewater before it's released back into the environment. Butterfly valves play a vital role in regulating flow throughout various stages of water and wastewater treatment. They help to control the movement of water, wastewater, chemicals, and sludge within treatment plants. It also helps to isolate specific sections of pipelines for maintenance or repairs, preventing disruptions to the entire system. The rising global demand for clean water and stricter regulations on wastewater treatment are driving significant growth in the water and wastewater treatment sector. An expansion water and wastewater treatment industry require the use of more butterfly valves to manage and control the flow of various fluids within treatment plants.

Butterfly valves are well known for their excellent features like reliability, durability, and low maintenance requirements, which is making them ideal solution for long-term usage in water and wastewater treatment applications. It is designed to bear harsh operating conditions like high pressures, fluctuating temperatures. Butterfly valves used in Water and wastewater treatment facilities must comply with Butterfly Valve industry standards and regulations, like NSF/ANSI 61 for drinking water applications and AWWA C504 to meet quality and safety standards. An increase in global focus on water conservation, pollution prevention, and sustainable development are expected to lead to the expansion of water and wastewater treatment infrastructure worldwide that also boost the demand for butterfly valves, which significantly boost the Butterfly Valve Market growth. The rapid urbanization and population growth, rising demand for clean water, stricter environmental regulations on wastewater discharge and growing focus on water reuse and resource recovery are some of the prime factors which are expected to increase the demand for butterfly valves.

Butterfly Valves Market Challenge Insight:

Fluctuations in Raw Material Prices are expected to become challenging factors for Key Players operating in the Butterfly Valves Market.
Fluctuations in raw material prices are a significant challenge for key players in the butterfly valves Market. When raw material prices rise, manufacturers face higher production costs, which is also expected to impact profit margins, especially if they are unable to pass on the entire cost increase to end-users through higher valve prices. It also disrupts supply chains, and making it difficult for manufacturers to secure consistent supplies of materials at predictable costs. Butterfly Valve Manufacturers need to strike a balance between maintaining adequate inventory levels to meet demand and avoiding excessive stockpiling that ties up capital when raw material prices are high. Companies are expected to implement strategies to optimize production processes and reduce waste to minimize the impact of raw material price fluctuations. Additionally, collaboration between manufacturers and suppliers are expected to lead to more stable pricing models and a more resilient supply chain.

Porter’s Five Forces Analysis: Butterfly Valves Market

The porter's five forces analysis represent a powerful tool for understanding, and analysing the current position, market demand situation, and power of the butterfly valve businesses. Porter’s five force model is helpful for companies to understand the strength of their current competitive position. The threat of new entrants in the butterfly valves market is relatively low because of several barriers to entry that includes high capital investment required for research and development, manufacturing facilities and regulatory compliance. Established brands have a reputation for quality and reliability, which can be a barrier for new entrants. Meeting stringent environmental and safety regulations are expected to add complexity and cost for new entrants. The bargaining power of suppliers in the butterfly valves market is moderate. The bargaining power of buyers in the butterfly valves market is moderate to high, mainly driven by factors like the accessibility of alternative suppliers, price sensitivity, and the reputation of quality and reliability. The threat of substitutes in the butterfly valves market is comparatively low to moderate because of their unique features and performance characteristics. The MMR Butterfly Valves Market report will cover the detail description about porters five force analysis.
Butterfly Valves Market Segmentation Insight:
Based on Mechanism, butterfly valves Market is segmented into eccentric valves and centric valves. Eccentric Butterfly Valves have the axis of the shaft behind the centreline of the disc to seat seal, and the shaft is also eccentric, creating a cam effect. The result is that the disc creates a flat seal against the seat face, and the valve is unidirectional as the disc cannot rotate through the seat. The design eccentric butterfly valves are helps to minimizes wear and tear on the sealing surfaces, making them suitable for high-pressure applications and applications involving abrasive fluids.

Concentric construction butterfly valve has the stem that drives the disc fixed along the same centreline as the disc that rotates 90 degrees to control flow. A significant benefit of concentric butterfly valves is that the flowing media is not ever in contact with the valve body or stem, it only wets the liner and disc. Centric Butterfly Valves held the dominant position in the butterfly valves market. They are suitable for various applications with moderate pressure and non-abrasive fluids. The simpler design mechanism is expected translate to lower manufacturing and purchase costs compared to eccentric valves. Concentric construction is commonly used in low to moderate pressure and temperature conditions where precise flow control is required.



By Function, butterfly valves market is segmented into on/Off Valve and Control Valve. The on/Off Valves are designed to completely stop or allow flow through a pipeline. They are ideal for isolating sections of a system for maintenance or safety purposes. Their simple design features a 90-degree disc rotation that either fully blocks the passage or opens it completely. On/Off Butterfly Valves held the dominant position in the butterfly valves market in 2023 because of their quarter-turn operation allows for rapid opening and closing, making them efficient for on/off applications. On the other hand, the control valves regulate the flow rate of a fluid within a pipeline. They achieve this by adjusting the degree of opening of the disc, allowing for precise control over flow. Control valves are crucial for various applications where maintaining a specific flow rate is critical, such as in chemical processing or water treatment plants. As industries are increasingly relying on automation, the demand for butterfly valves is expected to increase with control systems for precise flow management application. Control valves play a key role in optimizing flow rates within systems, leading to reduced energy consumption.

By end user industry, butterfly valves market is segmented into oil and gas industry, water and wastewater industry, power generation industry, chemical industry and others. The oil and gas industry deals with managing fluids, which are frequently pressurized and volatile. Butterfly valves are extensively used in the oil and gas sector because of their due to their ease of operation and reliable waterproofing capabilities. They are widely preferred in various stages like extraction, processing, transport, and storage. Oil and gas sector held the dominant share in the market with a share of more than 30% share in the global butterfly valves market.



The chemical industry includes the usage of a wide range of materials both corrosive and non-corrosive fluids. Butterfly valves are a used in the chemical industry because they help to resistant to chemical corrosion, and making them right option for controlling the flow of chemical substances. Butterfly valves are used in several stages of water treatment to control the flow of water into treatment tanks and adjust the release of treated water into the distribution system. In wastewater treatment, butterfly valves help to manage the flow of wastewater into treatment ponds and switch the discharge of treated water. The butterfly valves market report will give the statistics of end user industry segment for the forecast period (2024-2030) by North America, Europe, Asia Pacific, Middle East & Africa and South America region.
Butterfly Valves Market Regional Insight:
Asia Pacific region is projected to be leading region in the Butterfly Valves Market.

Expanding economies like China and India are witnessing significant industrial development, creating a high demand for butterfly valves in various sectors like chemical processing, power generation, and manufacturing. Investments in water & wastewater treatment plants, oil & gas pipelines, and power grids across the APAC region require a demand of butterfly valves for flow control and isolation. Growing populations and rising concerns about water quality are driving investments in water treatment infrastructure, where butterfly valves play a crucial role. Some APAC governments are actively promoting domestic manufacturing of butterfly valves, potentially leading to increased availability and lower costs for end-users. Butterfly valves offer a cost-effective solution for flow control compared to some other valve types, which is making them attractive solution for projects in developing economies within APAC. The increasing demand for energy, particularly in developing countries, expantion os the oil & gas sector are expected to increase the demand for butterfly valves during the forecast period.



North America Butterfly Valves Market Insights:

North America has a long-standing and well-developed oil & gas industry with extensive infrastructure that is expected to increase the demand for butterfly valves. North America enforces strict environmental regulations on the oil & gas industry and other sectors that utilize butterfly valves. The extensive oil & gas pipeline network and water & wastewater treatment plants in North America require ongoing maintenance and replacement are expected to drive the demand for butterfly valves across developed countries like USA and Canada. Stringent environmental regulations in North America mandate the use of high-quality, leak-proof, and potentially corrosion-resistant butterfly valves, especially in sectors like oil & gas and water treatment. The ongoing boom in shale oil & gas exploration in countries like the US and Canada creates a demand for durable and reliable butterfly valves suitable for high-pressure environments. The rise of low-cost producers, particularly in the Asia Pacific region is expected to intensify competition in the North American butterfly valves market. The North American Butterfly Valves Market is expected to present a mature yet promising landscape during the forecast period.


Butterfly Valves Market Scope: Inquire Before Buying



Global Butterfly Valves Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 212.75 Bn.


Forecast Period 2024 to 2030 CAGR:
4.29%
Market Size in 2030:
US $ 285.54 Bn.


 Segments Covered:
by Type
High Performance Butterfly Valve
Lined Butterfly Valve


by Mechanism
Eccentric Valves
Centric Valves


by Function
On/Off Valve
Control Valve


by End-User Industry
Oil and Gas Industry
Water and Wastewater Industry
Power Generation Industry
Chemical Industry
Others



Butterfly Valves Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

North America Butterfly Valves Market Key players:
1. Flowserve Corporation (USA)
2. Bray (USA)
3. Apollo (USA)
4. Crane (USA)
5. Milwaukee Valve Company (USA)
6. Emerson Electric Co. (USA)
7. Davis (USA)
8. Nibco (USA)
9. Anvil International, Inc. (USA)
10. Flomatic Valves (USA)
Europe Butterfly Valves Market Key players:
1. Valworx (Germany)
2. ABO Valve (Czech Republic)
3. Zwick (Germany)
4. Hobbs Valve (United Kingdom)
5. Ayvaz (Bulgaria)
APAC Butterfly Valves Market Key players:
1. WuZhou Valve Co., Ltd (China)
2. Jiangsu Shentong valve co., ltd.(China)
3. Huawei Machinery Co., Ltd (China)
4. L&T Valves (India)
5. Kirloskar Valves (India)
6. Jiwa Industries Pte Ltd (Singapore)
Middle East & Africa Butterfly Valves Market Key players:
1. Valvetech LLC (UAE)
2. Middle East Valve (UAE)
3. Bray Controls Africa (Pty) Ltd (South Africa)
4. Petropipe (UAE)
5. Camtech Manufacturing (UAE)

FAQs:
1. Which regions are leading in the production and consumption of Butterfly Valves?
Ans: Regions such as Asia-Pacific, particularly China, dominate both the production and consumption of Butterfly Valves market.

2. What trends are shaping the future of the Butterfly Valves market?
Ans. Emerging trends in the Butterfly Valves market include an integration of Internet of Things (IoT), Additive Manufacturing, and Material Science Advancements.

3. What is the projected market size & and growth rate of the Butterfly Valves Market?
Ans. The Butterfly Valves Market size is expected to grow at a CAGR of 6.24% from 2024 to 2030, reaching nearly USD 17.11 Billion in 2030.

4. What segments are covered in the Butterfly Valves Market report?
Ans. The segments covered in the butterfly valves Market report are Type, Mechanism, end-use industry and Function.

5. How do market dynamics such as supply and demand fluctuations affect butterfly valves prices?
Ans: Butterfly valves prices are influenced by factors such as raw material costs, market demand and geopolitical events. Supply chain disruptions, trade tariffs, and changes in consumer preferences are expected to impact prices and leading to volatility in the Butterfly Valves market.