Butterfly Valves Market

Growing adoption from the oil & gas sector is driving the market growth

The oil and gas industry's rising need for butterfly valves is anticipated to drive the market CAGR. Valves are important to the oil and gas sector because they are a fundamental component of all piping systems. They are used to manage crude oil processing, separate and safeguard equipment, and regulate flow rates. The need for valves will rise due to the expanding upstream and downstream operations involving oil and gas.

For instance, the Oil 2021 report published in March 2021 by the autonomous intergovernmental agency based in France, the International Energy Agency (IEA), predicted that by 2026, the world's oil consumption would have increased to 104.1 million barrels per day. As a result of the growing demand from the oil and gas industry, the butterfly valve market is growing.

Going forward, the market for butterfly valves is anticipated to rise at a rapid pace due to the increasing prevalence of wastewater. Wastewater is defined as water that has been intentionally used for home, commercial, industrial, or agricultural purposes, among other purposes. In wastewater treatment plants, butterfly valves are frequently employed to control flow in large-diameter pipes. They also offer a reasonably priced way to manage wastewater flow and movement during treatment.

The market for butterfly valves is seeing a rise in the important trend of product innovation. Leading businesses in the butterfly valve industry are concentrating on creating cutting-edge solutions to improve their competitiveness. For instance, Valves Online Limited, a UK-based provider of industrial equipment, introduced a novel jacketed sanitary butterfly valve in October 2021 that addresses recurring issues frequently seen in the confectionery sector. The Warmflow design uses the butterfly valve principle, which is then encased in a jacket that keeps the heating medium inside while keeping the valve and process line out of it.

As a result, the product can flow freely without hardening, and the valve is kept from warming up. The valve, which results in effective lines that save time and money, has been put in food plants throughout the United Kingdom and has passed stringent testing with a perfect success rate. Thus, driving the butterfly valves market revenue.

The Global Butterfly Valves Market Industry is projected to experience substantial growth over the next decade. With a market value anticipated to reach 12.4 USD Billion in 2024 and 24.3 USD Billion by 2035, the industry is on a promising trajectory. The compound annual growth rate of 6.27% from 2025 to 2035 reflects the increasing adoption of butterfly valves across various sectors, including water management, oil and gas, and chemical processing. This growth is indicative of the industry's resilience and adaptability in meeting the evolving needs of global markets. As such, stakeholders in the Global Butterfly Valves Market Industry are likely to capitalize on these favorable conditions.

The Global Butterfly Valves Market Industry is significantly influenced by the expansion of the oil and gas sector. As exploration and production activities intensify, the demand for reliable and durable valve solutions increases. Butterfly valves are favored for their ability to handle high-pressure applications and their cost-effectiveness. The industry's growth is underscored by investments in pipeline infrastructure and processing facilities, which are essential for transporting hydrocarbons efficiently. This sector's resilience is projected to contribute to the market's growth trajectory, with estimates suggesting a market value of 24.3 USD Billion by 2035. Consequently, the Global Butterfly Valves Market Industry stands to gain from this upward trend.

The Global Butterfly Valves Market Industry is significantly impacted by stringent regulatory compliance and safety standards across various sectors. Industries such as oil and gas, water treatment, and chemical processing are subject to rigorous regulations aimed at ensuring safety and environmental protection. Compliance with these standards necessitates the use of high-quality valve solutions that meet specific performance criteria. As companies strive to adhere to these regulations, the demand for reliable butterfly valves is likely to increase. This trend not only drives market growth but also fosters innovation in valve design and manufacturing, positioning the Global Butterfly Valves Market Industry for sustained expansion.

Technological innovations play a pivotal role in shaping the Global Butterfly Valves Market Industry. The introduction of smart valve technologies, including automation and remote monitoring capabilities, enhances operational efficiency and reliability. These advancements cater to various industries, including water treatment, oil and gas, and chemical processing, where precision and control are paramount. The integration of advanced materials and manufacturing techniques further improves valve performance and longevity. As industries increasingly adopt these technologies, the market is expected to witness a compound annual growth rate of 6.27% from 2025 to 2035, indicating a robust future for the Global Butterfly Valves Market Industry.

The Global Butterfly Valves Market Industry experiences a notable surge in demand driven by the increasing need for efficient water management solutions. As urbanization accelerates, municipalities and industries are investing in infrastructure to manage water resources effectively. This trend is evident in regions where water scarcity is a pressing issue, prompting the adoption of advanced valve technologies. The market is projected to reach 12.4 USD Billion in 2024, reflecting the growing emphasis on sustainable water management practices. Furthermore, the Global Butterfly Valves Market Industry is likely to benefit from government initiatives aimed at enhancing water distribution systems, thereby fostering growth in this sector.

The Global Butterfly Valves Market Industry is poised for growth due to the rising industrialization and infrastructure development across emerging economies. As countries invest in industrial sectors, the demand for efficient fluid control systems, including butterfly valves, escalates. This trend is particularly evident in regions experiencing rapid urbanization, where infrastructure projects necessitate the installation of advanced valve solutions. The Global Butterfly Valves Market Industry is likely to benefit from these developments, as industries seek to optimize operations and enhance productivity. The increasing focus on modernizing infrastructure is expected to contribute to the overall market growth, creating opportunities for manufacturers and suppliers.

By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American butterfly valves market area will dominate this market because the need for efficient flow control systems in various sectors, such as the chemical, oil and gas, and water and wastewater industries, is expanding. The oil and gas industry is one of the primary end-users of butterfly valves in the US and Canada, which drives market expansion.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2: Butterfly Valves Market Share By Region 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe butterfly valves market accounts for the second-largest market share, spurred by the growing need for energy-efficient valves, especially in the HVAC and water and wastewater treatment sectors. Butterfly valves have been widely used as an economical and energy-efficient flow control solution due to the stringent environmental restrictions enforced by the European Union on various businesses. Further, the German butterfly valves market held the largest market share, and the UK butterfly valves market was the fastest growing market in the European region.

The Asia-Pacific Butterfly Valves Market is expected to grow at the fastest CAGR from 2024 to 2032 because nations like China and India are seeing a growing demand for infrastructure development. The demand for wastewater and water treatment, a major end-user market for butterfly valves, is being driven by the region's increasing urbanization and population. Moreover, China’s butterfly valves market held the largest market share, and the Indian butterfly valves market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the butterfly valves market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the butterfly valves industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global butterfly valves industry to benefit clients and increase the market sector. In recent years, the butterfly valves industry has offered some of the most significant advantages to medicine. Major players in the butterfly valves market are attempting to increase market demand by investing in research and development operations, including Weir Group, Emerson Electric Co., Flowserve Corporation, AVK Group, Cameron, Alfa-Laval Corporate AB, Crane Co., Curtiss-Wright Corporation, KSB Group, and Velan Inc.

For clients in the commercial, industrial, and residential markets, Emerson Electric Co. (Emerson) offers cutting-edge solutions. Pneumatic devices, industrial valves, process control software and systems, fluid control, measurement and analytical instruments, electrical distribution equipment, and pneumatic mechanisms are just a few of the things that the company sells. Along with these services, it offers process automation, smart wireless, modernization and migration, training, consultancy, and post-project support.

The Weir Group Plc (Weir Group) is a provider of engineering solutions for the mining technology and minerals industries. It offers a range of goods and services, such as engineering workshop and maintenance services, spare parts, pressure pumping equipment, pressure control devices, and leasing services. The company's goods and services are used in many different industries, such as water and sewage, mining, infrastructure, infrastructure for the military and sea, and industrial. Additionally, it provides field services, asset management, certification, and repairs for equipment.