The global butterfly valve market is expected to grow at a CAGR of around 5% during 2019-2024. A butterfly valve is a quarter-turn rotational shut-off valve that is used to start, regulate and stop the flow of gases or fluids through a pipe. It consists of two semicircular plates hinged at the center along with a seal, stem, disc and an actuator, which can be operated through handles and gears. The device is economical, highly reliable and requires low maintenance, and is crucial in several applications across water supply and treatment plants, chemical industry, oil and gas industry, power generation systems, etc.
Growing industrialization, along with the rising trend of automation in the oil and gas industry, is among the key factors driving the growth of the market. Butterfly valves are extensively used in the extraction of crude oil and gas from refineries, oil terminals and depots. They are also utilized to enhance the operational efficiency of the industrial production process. Furthermore, increasing investments for power generation in developing nations are also expected to catalyze the market growth. The development of smart cities, which have high energy utilization, has also accelerated the adoption rate of the product. Additionally, there is a growing demand for stainless steel variants which can withstand high pressure and are maintenance-free. They are compact in size, lightweight and have low operational costs, owing to which they are widely used in paper and pulp production, fuel handling, air conditioning and refrigeration systems. Other factors, including the production of butterfly valves using 3D printing technology and the incorporation of Industrial Internet of Things (IIoT) for performance enhancements, are projected to drive the market growth further.
IMARC Group’s latest report provides a deep insight into the global butterfly valve market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the butterfly valve market in any manner.
Historical, Current and Future Market Trends
Market Breakup by Product Type:
Rubber Lined Butterfly Valve
Plastic Lined Butterfly Valve
Metal Lined Butterfly Valve
Market Breakup by Material Type:
Market Breakup by Design:
Centric Butterfly Valve
Single-Eccentric Butterfly Valve
Double-Eccentric Butterfly Valve
Triple-Eccentric Butterfly Valve
Market Breakup by Function:
Market Breakup by End-Use Industry:
Oil and Gas Industry
Water and Wastewater Industry
Power Generation Industry
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Alfa Laval Corporate, Curtiss-Wright, Flowserve, Emerson Electric, Pentair, Weir Group, AVK Group, Crane Company, Schlumberger, Velan, KSB, Honeywell, etc.
Key questions answered in this report:
How has the global butterfly valve market performed so far and how will it perform in the coming years?
What are the key regional markets in the global butterfly valve industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the design?
What is the breakup of the market based on the function?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the global butterfly valve industry?
What are the key driving factors and challenges in the global butterfly valve industry?
What is the structure of the global butterfly valve industry and who are the key players?
What is the degree of competition in the global butterfly valve industry?