Escalating demand in the oil and gas sector is expected to drive market expansion in the near future at a CAGR of 6.90% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Butterfly Valves Market” that contains information from 2019 to 2032. The butterfly valves market is estimated to register a CAGR of 6.90% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global butterfly valves market - Weir Group, Emerson Electric Co., Flowserve Corporation, AVK Group, Cameron, Alfa-Laval Corporate AB, Crane Co., Curtiss-Wright Corporation, KSB Group, and Velan Inc.

Market Highlights

The global butterfly valves market is accounted to register a CAGR of 6.90% during the forecast period and is estimated to reach USD 19.871 billion by 2032.

One of the main reasons propelling the market's expansion is the increasing tendency of automation in the oil and gas sector, along with growing industrialization. Butterfly valves are widely employed to extract crude oil and gas from refineries, oil terminals, and depots. They are also employed to improve the industrial production process's operating efficiency. Moreover, rising power generation investments in developing countries are anticipated to fuel market expansion. The product's adoption rate has also increased due to the growth of smart cities, which use a lot of energy.

Segment Analysis

The global butterfly valves market has been segmented into type, mechanism, and end user.

On the basis of type, the market is segmented into High Performance Butterfly Valves and Lined Butterfly Valves. The high performance butterfly valves segment was attributed to holding the largest market share in 2023. Due to the high capacity, solid and dense media passing capabilities, and flow path these valves provide, the high-performance butterfly valves segment is predicted to be the most profitable over the forecast period.

The global butterfly valves market has been segmented based on mechanism into Centric Butterfly Valves and Eccentric Butterfly Valves. The centric butterfly valves segment was expected to hold the largest market share in 2023. As the seat of the centric butterfly valve is built like a sleeve or cartridge inside the body, the media that flows through the valve remains external to the body. Applications include food, chemicals, coatings, certain solids, and abrasives, all of which use the zero offset butterfly valve. These variables are expected to lead to an increase in the adoption of centric butterfly valves.

Based on end user, the global butterfly valves market has been segmented into Oil & Gas, Electric Power, Water & Wastewater, Chemical, and Other Industries. The oil & Gas segment was expected to hold the largest market share in 2023 because the seat of the centric butterfly valve is built into the body like a sleeve or cartridge; the media passing through the valve does not come into contact with the body. The zero offset butterfly valve can handle abrasive applications, coatings, food, certain powders, and chemicals. It is anticipated that these factors would lead to an increase in the usage of centric butterfly valves.

Regional Analysis

The global butterfly valves market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe butterfly valves market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The butterfly valves market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World butterfly valves market comprises the Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for butterfly valves because there is a growing need for effective flow control solutions in various industries, including chemical, water wastewater, and oil and gas. One of the main end-users of butterfly valves in the US and Canada is the oil and gas sector, which propels market expansion. Furthermore, the region's growing need for wastewater treatment and water conservation is anticipated to support market expansion.

Moreover, the Europe market has been persistently growing over the forecast period due to an increase in the area's requirement for butterfly valves due to the transfer of oil and gas via pipelines, desalination projects, treatment in various processing sectors, and water treatment facilities. In Europe, consumer awareness is anticipated to rise when antiquated technologies are renovated and repurposed.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Asia Pacific is presently leading the world market for butterfly valves because of factors like the growing demand for water treatment in various countries, the extensive use of valves in various end-use industry verticals, especially in the oil and gas and water treatment industries, as well as the rise in refineries and chemical plants.

Furthermore, the rest of the world's butterfly valves market is divided into the Middle East, Africa, and Latin America. The market for butterfly valves is anticipated to increase moderately in Latin America, the Middle East, and Africa due to rising infrastructure and industrial development spending. Additionally, the area is home to some of the world's biggest chemical and oil and gas businesses, both of which are significant butterfly valve end-users. Furthermore, rising investments in the region's infrastructure development are anticipated to increase demand for butterfly valves.

Key Findings of the Study

• The global butterfly valves market is expected to reach USD 19.871 billion by 2032, at a CAGR of 6.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the growing demand for water treatment in various developing countries.


• Based on type, the high performance butterfly valves segment was attributed to holding the largest market in 2023.


• Weir Group, Emerson Electric Co., Flowserve Corporation, AVK Group, Cameron, Alfa-Laval Corporate AB, Crane Co., Curtiss-Wright Corporation, KSB Group, and Velan Inc. are the key market players.