Butterfly Valve Market by Product, Mechanism, Applications, Function, End-User, Installation, Sales Channel

List of Tables

[183 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 17.32 billion
Estimated Year [2024]	USD 18.34 billion
Forecast Year [2030]	USD 26.53 billion
CAGR (%)	6.27%

Product: Rapid penetration of high-performance butterfly valves across a diverse range of end-user industries

High-performance butterfly valves ensure minimal wear-and-tear while providing reliable leak-tight shutoffs even under extreme temperature or pressure conditions. The high-performance butterfly valves include soft seats, metal seats, and fire-safe butterfly valves. Soft seat butterfly valves offer excellent sealing capabilities in low-pressure applications where tight shutoff is essential. The soft seat provides more flexibility than metal seats, allowing better sealing over time. Metal seat butterfly valves often utilize stainless steel or other high-grade alloys for seat and disc materials. These valves are more durable than their soft-seat counterparts and can withstand high temperatures and pressures without compromising their sealing abilities. Fire-safe butterfly valves are designed to maintain their sealing capabilities in a fire. These valves combine soft and metal seating materials, offering tight shutoff under standard conditions while providing fire protection due to the secondary metal seat. Lined butterfly valves offer enhanced protection against corrosion from aggressive chemicals or highly acidic media, ensuring long-lasting performance in the most challenging environments. They are particularly suited for use in chemical processing plants, pharmaceutical manufacturing, and other industries where highly corrosive fluids need to be managed safely.

Mechanism: Growing usage of eccentric valves for critical and harsh service conditions

Centric butterfly valves, also commonly referred to as concentric or resilient-seated butterfly valves, feature a disc that rotates around the centerline of the valve body. Centric butterfly valves are known for their simplicity in design, ease of maintenance, and cost-effectiveness. Eccentric butterfly or offset valves are designed with the disc offset from the centerline of the valve seat and the valve body. Double-offset butterfly valves feature two distinct offsets. The dual-offset design allows the disc to quickly disengage from the seat upon valve actuation, minimizing wear and extending the valve's service life. Single-offset butterfly valves incorporate a single offset, where the shaft is positioned slightly off the centerline of the valve disc and seat. Triple-offset butterfly valves are the most advanced type, featuring three separate offsets. This design creates a "zero leakage" sealing, making triple-offset valves well-suited for critical and harsh service conditions, including extreme pressures and temperatures, and ensures long-term reliability and performance.

Function: Majority adoption of butterfly valves for controlling fluid flow

Control valves are designed to regulate fluid flow by varying the flow passage size in response to a controller's signals. This precise control makes them ideal for managing process conditions such as pressure, temperature, or flow rate within various industries, including oil and gas, chemical processing, power generation, and water treatment. On & off butterfly valves provide a complete open or closed position within a process system. These valves are utilized in scenarios where the primary function is to start or stop fluid flow rather than regulate it. Control valves offer enhanced process regulation capabilities that contribute to improved overall efficiency and safety, while on & off valves provide a cost-effective solution for basic flow shut-off applications and are renowned for their quick actuation times and space-saving benefits.

End-User: Significant use of butterfly value to handle corrosive and viscous materials

In the chemical sector, butterfly valves are predominantly used for their ability to control the flow of various fluids, including corrosive and viscous materials, with high precision. End-users often require valves that can resist aggressive chemicals, operate effectively at varying pressure and temperature ranges, and ensure minimal maintenance. The electric power sector utilizes butterfly valves to control flow and pressure in cooling water systems, boilers, and turbine lubrication systems. The electric power sector demands valves that deliver reliability and longevity even in high-temperature and high-pressure environments. Butterfly valves in the oil and gas industry are critical components for onshore and offshore applications, including production, processing, and transportation. The oil and gas sector requires robust valves capable of withstanding abrasive particles and harsh conditions while delivering isolation and regulatory functions. The application of butterfly valves in the water and wastewater sector facilitates the regulation of water flow, including treatment operations and distribution systems. End-users prioritize valves that provide watertight sealing, with low head loss, and that are cost-effective for large diameters.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Butterfly Valve Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Butterfly Valve Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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 Burkert 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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Butterfly Valve Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Butterfly Valve Market?

3. What are the technology trends and regulatory frameworks in the Butterfly Valve Market?

4. What is the market share of the leading vendors in the Butterfly Valve Market?

5. Which modes and strategic moves are suitable for entering the Butterfly Valve Market?

Product Code: MRR-AE7B39EF4453

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rapid industrialization coupled with increased power consumption
  - 5.1.1.2. Increasing demand from oil & gas and chemical industry
  - 5.1.1.3. Rising need for water and wastewater treatment
- 5.1.2. Restraints
  - 5.1.2.1. High cost of manufacturing and constraints related to product standardization
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in butterfly valve
  - 5.1.3.2. Rising investments in renewable power generation projects
- 5.1.4. Challenges
  - 5.1.4.1. Performance issues associated with the use of butterfly valves
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rapid penetration of high-performance butterfly valves across a diverse range of end-user industries
- 5.2.2. Mechanism: Growing usage of eccentric valves for critical and harsh service conditions
- 5.2.3. Function: Majority adoption of butterfly valves for controlling fluid flow
- 5.2.4. End-User: Significant use of butterfly value to handle corrosive and viscous materials
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Butterfly Valve Market, by Product

6.1. Introduction
6.2. High-Performance Butterfly Valves
6.3. Lined Butterfly Valves

7. Butterfly Valve Market, by Mechanism

7.1. Introduction
7.2. Centric Valves
7.3. Eccentric Valves

8. Butterfly Valve Market, by Applications

8.1. Introduction
8.2. Compressed Air/Gas Applications
8.3. Cooling Water/Air/Gases
8.4. High-pressure & High-Temperature Water & Steam Services
8.5. Slurry Services
8.6. Vacuum Service

9. Butterfly Valve Market, by Function

9.1. Introduction
9.2. Control Valves
9.3. On & Off Valves

10. Butterfly Valve Market, by End-User

10.1. Introduction
10.2. Chemical
10.3. Electric Power
10.4. Oil & Gas
10.5. Water & Wastewater

11. Butterfly Valve Market, by Installation

11.1. Introduction
11.2. New Installations
11.3. Replacements

12. Butterfly Valve Market, by Sales Channel

12.1. Introduction
12.2. Offline
12.3. Online

13. Americas Butterfly Valve Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Butterfly Valve Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Butterfly Valve Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. Hawle Austria Group acquires McWane India's Valve Manufacturing Division
- 16.3.2. Shipham Valves Launch New Range of Triple-Offset Butterfly Valves
- 16.3.3. Valworx Releases New Product Line: All Stainless Air Actuated Sanitary Butterfly Valve
16.4. Strategy Analysis & Recommendation

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio