The Butterfly Valve (BFV) Market is divided by Type, and by Application. Players, stakeholders, and other contributors in the international Butterfly Valve (BFV) Market. It will be able to gain the upper hand as they use the report as a powerful resource. This Butterfly Valve (BFV) Market report divides the global Butterfly Valve (BFV) Market comprehensively and delivers the closest approach to the profits for the overall market and the sub-segments across different verticals and regions. This report helps stakeholders understand the pulse of the Butterfly Valve (BFV) Market and gives them knowledge on key market drivers, limitations, challenges, and opportunities. Moreover, this report will help stakeholders to understand opponents better and gain more insights to better their position in their industries.

Market Overview

The butterfly valves market size was estimated at USD 10.97 billion in 2023 and is projected to reach USD 16.64 billion in 2030 at a CAGR of 6.13% during the forecast period 2023-2030.

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Butterfly valves are a quarter-turn valve used to control the flow of liquids or gases through a pipe. They consist of a circular disc or plate with a pivot axis at its center. When the valve is rotated a quarter turn, the disc either allows or blocks the flow of fluid, similar to the movement of a butterfly’s wings, hence the name “butterfly valve”. Butterfly valves are commonly used in industries such as water treatment, HVAC systems, chemical processing, food and beverage, etc. Their simple design, ease of operation, and cost-effectiveness make them a versatile choice for controlling the flow of fluids in various applications.

The growth of the market is being driven by the rising demand for the oil and gas industry, increasing demand from the water and wastewater treatment industry, the development of new technologies, and growing demand from the power generation industry. Moreover, the urbanization of cities and the building of infrastructure have increased the demand for butterfly valves.

However, factors such as competition from other types of valves, high cost of butterfly valves, availability of reasonably priced products and strict set of quality control and safety regulations might hamper the growth of the market.

The COVID-19 pandemic had a considerable impact on the market. Disruption in the supply chain reduced demand across end-user industries such as oil and gas due to limited exploration and production activities hampered the growth of the market during the pandemic.

Key Findings

·                     Based on type, the market is segmented into high-performance butterfly valve, and lined butterfly valve. The high-performance butterfly valve dominated the market in this segment. High performance valves, because of their flow path, high capacity and their ability to pass solid and viscous media, dominated the market in the market in this segment.

·                     Based on design, the market is bifurcated into concentric butterfly valve, and eccentric butterfly valve. The eccentric butterfly valve dominated the market in this segment. The recommended flow direction for erosive applications is with the shaft upstream on an eccentric plug valve. In the port or outlet area, high velocity flow is isolated. The seat ring and retainer can be easily maintained and protected by using erosion resistant materials. These factors have led to the growth of the eccentric butterfly valve market.

·                     Based on material type, the market is segmented into stainless steel valves, cast iron valves, and others. Stainless steel valves dominated the market in this segment. Stainless steel butterfly valves are strong, durable, and resistant to corrosion and wear and tear, making them a good choice for a wide range of applications.

·                     Based on function, the market is segmented into on/off valve, and control valve. The on/off valve dominated the market in this segment. These valves offer long-term tight shut-off, quick and safe operation and lower fugitive emissions.

·                     Based on end user, the market is bifurcated into oil & gas, water & wastewater, energy & power, pharmaceutical, and chemical. Oil & Gas sector dominated the market in this segment. This growth can be attributed to increase in demand for butterfly valves in oil & gas downstream applications.

·                     The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific is estimated to account for the largest market share during the forecast period. Increasing urbanization rate across various countries of the Asia Pacific region is driving investment in the water & wastewater management industry which is a major consumer for butterfly valves. Moreover, expanding energy sources, increasing pipeline transportation usage, increasing oil and gas reserves, increasing infrastructure projects are expected to drive the market during the forecast period.

Regional Analysis

Asia-Pacific to Dominate the Market

·                     Asia-Pacific is estimated to account for the largest market share during the forecast period. In Asia-Pacific, investment in the water & wastewater management industry due to rapid urbanization has led to increase in demand of butterfly valve.

·                     Moreover, rapid industrialization and urbanization have led to expanding energy sources, increasing pipeline transportation usage, increasing oil and gas reserves, increasing infrastructure projects which is expected to drive the market during the forecast period.

Competitive Landscape

·                     Alfa Laval Corporate AB

·                     ASE Engineered Solutions

·                     AVK Group

·                     Bray International, Inc.

·                     Crane Co.

·                     Curtiss-Wright Corporation

·                     Dembla Valves Ltd.

·                     Emerson Electric Co.

·                     Flexachem

·                     Flowserve Corporation

·                     Hobbs Valve Limited

·                     Huamei Machinery Limited

·                     KSB Group

·                     L&T Valves Limited

·                     NIBCO Inc.

·                     Schlumberger Limited

·                     The Weir Group PLC

·                     Valmet Corporation

·                     Velan Inc.

·                     XHVAL Valve Co., Ltd.Recent Developments

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Recent Developments

·                     In May 2023, John King Group acquired valve manufacturer DAB Valves for an undisclosed amount. DAB Valves sells a variety of valves and associated equipment within their range from slide and butterfly valves to gravity flap diverter valves and drop-out boxes.

·                     In April 2023, two small businesses, JA Moody and Lexair, teamed up to supply the high-spec Keystone K-LOK butterfly valve, used for fuel, lube oil, AFFF and other fluid lines on every class of Navy ship to the U.S. Navy.

Reasons to Acquire

·                     Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

·                     Gain authentic and granular data access for the Butterfly Valves Market to understand the trends and the factors involved in changing market situations.

·                     Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

·                     In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Table of Contents

The butterfly valves Market is segmented into various segments such as type, design, material type, function, end user and region:

Based on Type

·                     High-Performance Butterfly Valve

·                     Lined Butterfly Valve

Based on Design

·                     Concentric Butterfly Valve

·                     Eccentric Butterfly Valve

Based on Material Type

·                     Stainless Steel Valves

·                     Cast Iron Valves

Based on Function

·                     On/Off Valve

·                     Control Valve

Based on End User

·                     Oil & Gas

·                     Oil & Gas Upstream

·                     Oil & Gas Midstream

·                     Oil & Gas Downstream

·                     Water & Wastewater

·                     Energy & Power

·                     Pharmaceutical

·                     Chemical

Based on region

Asia Pacific

·                     Japan

·                     China

·                     India

·                     Australia

·                     South Korea

·                     Vietnam

·                     New Zealand

·                     Philippines

·                     Thailand

·                     Malaysia

·                     Hong Kong

·                     Taiwan

·                     Singapore

·                     Indonesia

·                     Sri Lanka

·                     Rest of Asia-Pacific

North America

·                     U.S.

·                     Canada

·                     Mexico

Europe

·                     Germany

·                     U.K.

·                     France

·                     Italy

·                     Spain

·                     Sweden

·                     Austria

·                     Finland

·                     Belgium

·                     Turkey

·                     Russia

·                     Poland

·                     Hungary

·                     Czech Republic

·                     Switzerland

·                     Netherlands

·                     Rest of Europe

·                     South America

·                     Brazil

·                     Argentina

·                     Chile

·                     Colombia

·                     Rest of South America

Middle East & Africa

·                     South Africa

·                     U.A.E.

·                     Saudi Arabia

·                     Oman

·                     Qatar

·                     Iran

·                     Egypt

·                     Rest of Middle East and Africa

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