Butterfly Valve Market by Product (High-Performance Butterfly Valves, Lined Butterfly Valves), Mechanism (Centric Valves, Eccentric Valves), Applications, Function, End-User, Installation, Sales Channel - Global Forecast 2024-2030

Butterfly Valve Market by Product (High-Performance Butterfly Valves, Lined Butterfly Valves), Mechanism (Centric Valves, Eccentric Valves), Applications, Function, End-User, Installation, Sales Channel - Global Forecast 2024-2030

The Butterfly Valve Market size was estimated at USD 17.32 billion in 2023 and expected to reach USD 18.34 billion in 2024, at a CAGR 6.27% to reach USD 26.53 billion by 2030.

The butterfly valves are mechanical devices that regulate, control, or isolate the flow of liquid or gas through a pipeline system. Butterfly valves are characterized by their unique design featuring a rotating disc positioned in the center of the pipe to control fluid flow. Increasing demand for energy-efficient fluid handling systems in industrial processes is accelerating the deployment of butterfly valves in the end-use sectors worldwide. These valves require less maintenance compared to traditional gate or globe valves, which can reduce operational costs for businesses. However, the high cost of manufacturing and concerns associated with product standardization may adversely impact the use of butterfly valves across industries. Besides, innovations such as triple-offset technology and advances in seal materials have resulted in improved performance and durability, which is anticipated to increase the use of butterfly valves in the end-use industries across the globe.

Regional Insights

The butterfly valve market is witnessing a significant demand in the Americas owing to the increasing investments in water and wastewater management infrastructure and the significant growth of industrial sectors such as oil & gas, chemicals, and power generation. Additionally, technological advancements in the region have led to product innovations that contribute to improved efficiency and durability of valves. In Europe, EU countries exhibit promising growth in the butterfly valve market due to their robust industrial base and stringent environmental regulations that necessitate efficient fluid-handling equipment. Investments in renewable energy projects, including wind turbines, drive the demand for high-quality butterfly valves in the EMEA region. The rapidly expanding industrial sector requiring more advanced flow control equipment and government initiatives promoting domestic manufacturing capacity are contributing to the growth of the butterfly valve market in the APAC region. Additionally, technological advancements, supportive government policies, and increasing investments in infrastructure projects are expected to propel the growth of the butterfly valves market globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Butterfly Valve Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rapid industrialization coupled with increased power consumption
• Increasing demand from oil & gas and chemical industry
• Rising need for water and wastewater treatment

Market Restraints

• High cost of manufacturing and constraints related to product standardization

Market Opportunities

• Technological advancements in butterfly valve
• Rising investments in renewable power generation projects

Market Challenges

• Performance issues associated with the use of butterfly valves

Market Segmentation Analysis

• Product: Rapid penetration of high-performance butterfly valves across a diverse range of end-user industries
• Mechanism: Growing usage of eccentric valves for critical and harsh service conditions
• Function: Majority adoption of butterfly valves for controlling fluid flow
• End-User: Significant use of butterfly value to handle corrosive and viscous materials

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Butterfly Valve Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Butterfly Valve Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Hawle Austria Group acquires McWane India's Valve Manufacturing Division

The Hawle Austria Group, a manufacturer of high-quality heavy-duty valves and fittings, acquired the valve manufacturing division of McWane India. This strategic move further strengthens Hawle's presence in India, which is recognized as one of the company's most important growth markets. As part of the acquisition, Hawle has retained the existing employee base, acknowledging their invaluable contribution to the success of McWane India.

Shipham Valves Launch New Range of Triple-Offset Butterfly Valves

Shipham Valves introduced a new line of Triple-Offset Butterfly Valves. This range incorporates innovative design features that deliver high-performance and effective valve solutions throughout their lifespan. These valves offer numerous benefits, including weight and space savings and an anti-rotational laminated seat design that ensures zero movement during service and consistent sealing performance.

Valworx Releases New Product Line: All Stainless Air Actuated Sanitary Butterfly Valve

Valworx has launched a new lineup of air-actuated butterfly valves with Tri-Clamp ends. These valves are specifically designed for applications that require hygienic connections and compliance with FDA, USDA, and 3-A standards. They are particularly suitable for use in industries such as food, beverage, pharmaceutical, personal care, and pet care. Furthermore, these valves conform to Namur and ISO mounting standards, making installation easy and ensuring compatibility.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Butterfly Valve Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Butterfly Valve Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, ASC Engineered Solutions, LLC, AVK Holding AS, BELIMO Holding AG, Bray International, Inc., Christian Bürkert GmbH & Co. KG, Crane Co., Curtiss-Wright Corporation, Dembla Valves Ltd., Emerson Electric Co., Festo SE and Co. KG, Finolex Industries Ltd., Flexachem, Flomatic Corporation, Flowserve Corporation, Georg Fischer Ltd., Hawle Beteiligungsgesellschaft m.b.H., Hobbs Valve Ltd., Honeywell International Inc., Huamei Machinery Limited, IMI Critical Engineering, KITZ Corporation, KSB SE and Co. KGaA, L&T Valves Limited, NIBCO Inc., OHL Gutermuth Industrial Valves GmbH, Schlumberger Limited, The Weir Group Plc, Valmet Oyj, Velan Inc., and XHVAL Valve Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Butterfly Valve Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• High-Performance Butterfly Valves
• Fire-Safe
• Metal Seat
• Soft Seat
• Lined Butterfly Valves
• Mechanism
• Centric Valves
• Eccentric Valves
• Double-offset
• Single-offset
• Triple-offset
• Applications
• Compressed Air/Gas Applications
• Cooling Water/Air/Gases
• High-pressure & High-Temperature Water & Steam Services
• Slurry Services
• Vacuum Service
• Function
• Control Valves
• On & Off Valves
• End-User
• Chemical
• Electric Power
• Oil & Gas
• Water & Wastewater
• Installation
• New Installations
• Replacements
• Sales Channel
• Offline
• Online

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year