What Is The Anticipated Growth Of Butterfly Valves Market Size?
The butterfly valves market size showcased strong growth in recent years, growing from $11.1 billion in 2024 to $11.81 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historical period can be attributed to industrialization, infrastructure development, focus on energy efficiency, increased adoption in HVAC systems, globalization of trade, fire protection systems, and the rise in the mining and metals sector.
Furthermore, the butterfly valves market size is anticipated to display significant growth in the forthcoming years, reaching $15.53 billion in 2029 at a CAGR of 7.1%. The growth in the forecast period can be credited to the increasing focus on water security, expansion of renewable energy, demand for low-maintenance valves, advancements in material sciences, hydraulic fracturing in oil and gas, and efforts towards emission reduction in industries.
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What Is Driving The Butterfly Valves Market Growth?
An influential driver for butterfly valve market growth includes its increased demand in the oil and gas sectors. Valves are paramount in every piping system within oil and gas industries, controlling flow rates, segregating and securing equipment, and directing the processing of crude oil. The rise in oil and gas upstream and downstream activities will likely push the demand for valves. For instance, according to the International Energy Agency (IEA), in June 2023, the global oil demand increased by 800,000 barrels per day (kb/d), a lower increase compared to the projected growth of 2.3 million barrels per day (mb/d) for 2023. Demand is projected to rise by 900 kb/d in 2024 and by 950 kb/d in 2025. As a result, the butterfly valves market is expanding due to the increasing demand from the oil and gas industry.
Which Are The Major Segments Within The Butterfly Valves Market?
1) Types: High-Performance Butterfly Valves, Lined Butterfly Valves
2) Mechanism: Centric Valves (Zero Offset Butterfly Valves), Eccentric Valves
3) Function: On Or Off Valves, Control Valves
4) End User: Oil And Gas, Electric Power, Water And Wastewater, Chemical, Other End Users
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Who Are The Major 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, and Cargil Inc.
What Are The Emerging Trends In The Butterfly Valves Market?
Major companies in the butterfly valves market are increasingly focusing on innovative solutions such as double-offset butterfly valves to enhance efficiency and performance. For instance, in August 2024, Kingdom Flow Control Co., a UK-based manufacturer and exporter of industrial equipment, launched double offset butterfly valves. These valves offer bi-directional sealing performance and lower operational torque and are suitable for both shut-off and regulation applications.
Which Region Dominates The Butterfly Valves Market Share?
In 2024, Asia-Pacific region held the largest market share in the butterfly valves market. The other regions covered in this market report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Butterfly Valves Market Report 2025 Offer?
Butterfly valves are a group of quarter-turn rotational motion mechanisms consisting of a rotating curved surface or a pair of hinged semicircular plates connected by a transverse spindle and placed inside a pipe. The Butterfly Valves Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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