Butterfly Valves Market Outlook - 2025
The global butterfly valves market size is expected to reach $13,667.0 million by 2025 from $8,282.61 million in 2017, growing at a CAGR of 6.3% from 2018 to 2025. Butterfly valve is a shut-off valve used to isolate and control the flow of fluid and gases in various industrial applications. It is also known as quarter turn valve. The simple structure of butterfly valve includes a disk placed in middle of a pipe and swivels sideways or on uprights which starts and stops the fluid flow. Butterfly valve can be operated as a quarter turn valve and rotary motion valve. In quarter turn, the valve can be in fully open to fully closed position, which enables it for quick opening and closure.
The butterfly valves market growth is majorly driven by increase in demand from oil & gas industry, as oil & gas industry is experiences an increase in requirement of stainless steel butterfly valves. Moreover, there is an increase in the demand for butterfly valves in the developing regions—parts of Asia, the Africa/Middle East region, Central & Latin America, and Eastern Europe, owing to rapid industrialization, and this is anticipated to outpace demand for butterfly valves in some developed nations. Furthermore, butterfly valves find their application from the extraction of crude oil & gas till it reaches the end customers through refinery and oil terminals and depots, wherein increase in investment in the oil & gas industry in emerging economies is expected to provide lucrative opportunities to the valve manufacturers in these regions. Nonetheless, butterfly valves increase the operational efficiencies of the industrial production process and also enhance safety measures in process industries. Thus, growth in automation for industrial process is also expected to boost the growth of the butterfly valves industry. However, increase in competition from domestic butterfly valve manufacturers and high possibility of cavitation & chock in valve system is expected to hinder the growth of the butterfly valves market.
The global butterfly valves market analysis comprises of various segments including type, mechanism, function, end users, and region. Based on type, the market is divided into high performance butterfly valves and lined butterfly valves. The mechanism segment is further classified into centric butterfly valves and eccentric butterfly valves, wherein centric butterfly valves comprise of zero offset valves and eccentric includes double offset and triple offset valves. The triple offset valves segment is expected to secure the leading position during the forecast period.
By function, the butterfly valves market is categorized into on/off valves and control valves, where information related to revenue generated from new installations and replacements is also provided for both types. In 2017, the on/off valves segment is expected to secure the highest market share. The end user segment is bifurcated into oil & gas, electric power, water & wastewater, chemical, and other industries. The global butterfly valves market share is dominated by oil & gas segment, owing to increase in demand for butterfly valves in oil & gas downstream applications.
Based on region, the global butterfly valves market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Russia, France, and others), Asia-Pacific (China, India, Japan, Korea, and others), and LAMEA (Latin America, Middle East, and Africa). Various countries covered under each region are studied and analyzed to identify the butterfly valves market trends demonstrated by these respective regions. Asia-Pacific dominated the butterfly valves market in 2017, followed by Europe.
Top Impacting Factors
The top impacting factors for global butterfly valves market are increase in demand from oil & gas industry, growth in a number of industrial infrastructure and surge in usage of power in industrial processes, gradual increase in demand for automation in industrial processes, and rise in investment in oil & gas industry. However, increase in competition from domestic manufacturers, high threat of cavitation & choke, and limited throttling is expected to hinder the growth of the butterfly valve industry. Some of the major factors impacting the growth of the global butterfly valve market are given below:
Increase in demand from the oil & gas industry:
Oil & gas industry is currently creating the highest demand for stainless steel butterfly valves. Electric stainless-steel butterfly valves are more efficient and enable greater level of controls as compared to the other type of valves. In addition, increase in use of shale gas as an energy source is anticipated to lead to rise in demand for butterfly valves.
Rise in number of industrial infrastructure and surge in usage of power in industrial processes
China is expanding its industrial infrastructure rapidly to meet growth in demand from increase in consumption. Large chemical & petrochemical plants, grass-root oil & gas refineries, and new power plants fuel the market growth in China. Furthermore, the capital spending for power generation has grown significantly in the developing countries, especially in China and India. These factors are expected to boost the demand for butterfly valves.
Competition from domestic manufacturers
Global players such as Flowserve, Emerson, and others have established facilities for manufacturing, engineering, sourcing, and marketing of butterfly valves in India and other developing economies, with the rise in demand for butterfly valves.
Competition Analysis
Competitive analysis and profiles of the major butterfly valves market players, such as Emerson Electric Co., Flowserve Corporation, Cameron, Alfa-Laval Corporate AB, AVK Group, Crane Co., Weir Group, Curtiss-Wright Corporation, KSB Group, and Velan Inc. are provided in this report.
Key Benefits for Butterfly Valves Market:
- The report provides an extensive analysis of the current & emerging market trends and dynamics in the global butterfly valves market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.
- Extensive analysis of the butterfly valves market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
- Key market players within the butterfly valves market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.
Butterfly Valves Market Key Segments:
By Type
- High-Performance Butterfly Valves
- Lined Butterfly Valves
By Mechanism
- Centric Valves (Zero Offset Butterfly Valves)
- Eccentric Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
By Function
- On/Off Valves
- New Installations
- Replacements
- Control Valves
- New Installations
- Replacements
By End User
- Oil & Gas
- Oil & Gas Upstream
- Oil & Gas Midstream
- Oil & Gas Downstream
- Electric Power
- Water & Wastewater
- Chemical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Russia
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Emerson Electric Co.
- Flowserve Corporation
- Cameron
- Alfa-Laval Corporate AB
- AVK Group
- Crane Co.
- Weir Group
- Curtiss-Wright Corporation
- KSB Group
- Velan Inc.
Butterfly Valves Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Mechanism |
|
 By Function |
|
 By End-User |
|
 By Region |
|
 Key Market Players | KSB SE & Co. KGaA, AVK Holding A/S, Emerson Electric Co., Flowserve Corporation, Velan inc., CRANE CO., Alfa Laval Corporate AB, The Weir Group PLC, Curtiss-Wright Corporation, Schlumberger Ltd. (Cameron Corporation) |
Analyst Review
The butterfly valves market is projected to depict a prominent growth during the forecast period, owing to various factors, such as increase in demand from the oil & gas industry, rise in number of industrial infrastructures, surge in usage of power in industrial processes, and growth in requirement of automation in the process industries.
Butterfly valves are widely used in various industries, which include water supply, wastewater treatment, fire protection and gas supply, in the chemical and oil industries, in fuel handling systems, and power generation. Oil & gas industry is currently creating the highest demand for stainless steel butterfly valves. Electric stainless-steel butterfly valves are more efficient and enable greater level of controls as compared to the other type of valves. Moreover, increase in investment in the oil & gas industry is also expected to boost the demand for butterfly valves in various processes in the developing economies such as China and India.
Various leading manufacturers such as Emerson Electric Co., Flowserve Corporation, Cameron, Alfa-Laval Corporate AB, AVK Group, Crane Co., Weir Group, Curtiss-Wright Corporation, KSB Group, and Velan Inc. occupy a prominent revenue share in the butterfly valve market.
The butterfly valves market size was valued at $8,282.6 million in 2017, and is projected to reach at $13,667.0 million by 2025, growing at a CAGR of 6.3% from 2018 to 2025.
Increase in demand from oil & gas industry majorly drives the growth of the butterfly valves market owing to the requirement of stainless steel butterfly valves from the oil & gas industry.
The report sample for butterfly valves market report can be obtained on demand from the website.
There is an increase in the demand for high performance butterfly valves in the oil & gas industry, owing to straight-through flow path, high capacity, and ability to pass solid & viscous media.
The statistical data of the top market players of butterfly valves market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the butterfly valves industry.
The growth strategies of butterfly valves market players are acquisition and product launch.
Asia-Pacific region is expected to provide more business opportunities for butterfly valves market in coming years.
The key players operating in the market include Emerson Electric Co., Flowserve Corporation, Cameron, Alfa-Laval Corporate AB, AVK Group, Crane Co., Weir Group, Curtiss-Wright Corporation, KSB Group, and Velan Inc.
The global butterfly valves market analysis comprises of various segments including type, mechanism, function, end users, and region.
The oil & gas, electric power, water & wastewater, chemical, and other industries are the potential customers of butterfly valves industry.
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