Butterfly Valves Market Overview:
The study documents by MRFR state that the Butterfly Valves Market Research Report Information by Application, Type, and Region – Forecast Till 2032, the Butterfly Valves Market Size is projected to grow from USD 11.65 Billion in 2023 to USD 19.871 Billion by 2032, with CAGR of 6.90% during the forecast period (2024 – 2032).
The oil and gas sector is a major driver due to the high demand for valves with tight shutoff, high-pressure handling capacity, and low installation cost. The rise in oil and gas exploration and production activities is boosting the demand for butterfly valves?.
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Competitive Analysis
- Weir Group
- Emerson Electric Co.
- Flowserve Corporation
- AVK Group
- Cameron
- Alfa-Laval Corporate AB
- Crane Co.
- Curtiss-Wright Corporation
- KSB Group
- Velan Inc.
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Market Drivers
The butterfly valves market is experiencing significant growth driven by several key factors. One major driver is the increasing demand from the oil and gas industry. These valves are crucial for controlling flow and isolating equipment in pipelines, and as oil and gas exploration and production activities expand, the demand for butterfly valves rises accordingly.
Another important factor is the growth in industrialization and infrastructure development, particularly in emerging economies. This includes the expansion of water and wastewater treatment facilities, where butterfly valves are essential for regulating large-diameter pipes effectively and cost-efficiently.
Technological advancements are also propelling the market forward. Innovations such as high-performance and eccentric butterfly valves offer better flow control and sealing capabilities, which are increasingly favored in industries requiring reliable and low-maintenance solutions, such as chemicals, power generation, and water treatment?.
Segment Analysis
Butterfly Valves Type – High Performance Butterfly Valves, Lined Butterfly Valves
Butterfly Valves Mechanism – Centric Butterfly Valves, Eccentric Butterfly Valves
Butterfly Valves End User – Oil & Gas, Electric Power, Water & Wastewater, Chemical, Other Industries
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Regional Analysis
North America, led by the United States and Canada, exhibits steady growth due to ongoing investments in oil and gas pipelines and the power generation sector. The region’s focus on maintaining and upgrading its existing industrial infrastructure plays a crucial role in sustaining the butterfly valves market.
Asia Pacific is the dominant region in the butterfly valves market, driven by significant demand in countries like China, Japan, and India. The growth in this region is primarily due to the increasing need for water treatment facilities, a rise in oil and gas activities, and the expansion of chemical plants. The region’s robust industrialization, coupled with rising energy demand, further fuels the market.
Europe is another significant market, benefiting from the renovation and retrofitting of old infrastructure, particularly in the water treatment and oil and gas sectors. Countries like Germany, France, and the UK are investing heavily in upgrading their industrial capabilities, which drives the demand for advanced butterfly valves.
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