Butterfly Valves Market Outlook
According to a new report by Expert Market Research titled, “Global Butterfly Valves Market Size, Price, Growth, Report and Forecast 2024-2032″,the global butterfly valves market is projected to grow at a CAGR of 4.1% between 2024 and 2032. Aided by the increasing demand in wastewater treatment and the several advantages of butterfly valves, the market is expected to grow significantly by 2032.
Butterfly valves, renowned for their swift operation, low-pressure drop, and high durability, find extensive applications across multiple industries. These valves regulate or isolate fluid flow, serving essential roles in various sectors, including water and wastewater treatment, oil and gas, power generation, and chemical industries. The low cost, ease of installation, and maintenance of butterfly valves, coupled with their versatility across different types of fluids, make them a preferred choice for numerous industrial applications.
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The mounting demand for effective wastewater treatment is a significant driver of the global butterfly valves market growth. With environmental concerns on the rise and stricter regulations around wastewater disposal, there has been an uptick in the construction of wastewater treatment plants worldwide. Given their effectiveness in handling large flow rates, butterfly valves are integral to these plants, thereby propelling their market growth.
Infrastructure development, especially in emerging economies, also significantly contributes to the butterfly valves market expansion. The ongoing processes of industrialisation and urbanisation are leading to an increased construction of pipelines for water, oil, and gas distribution. These pipelines extensively utilise butterfly valves, thus fuelling the growth of the market.
In addition, technological advancements in butterfly valve design and material further catalyse the butterfly valves market development. Developments such as the triple-offset design and the use of more durable and corrosion-resistant materials enhance the efficiency, longevity, and applicability of butterfly valves across different environmental conditions and fluid types.
In addition, the increasing digitisation of industries and the rising adoption of Industrial Internet of Things (IIoT) in various sectors are expected to boost the demand for automated and smart butterfly valves. These valves, with their advanced features like remote operation and real-time data collection, can significantly improve operational efficiency and reduce maintenance costs, further enhancing their market appeal.
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Furthermore, the growing focus on renewable energy and the subsequent rise in the number of power generation projects, especially in developing countries, are anticipated to create a robust butterfly valves market demand. These valves play a critical role in power plants, where they are used in cooling water, feed water, and steam turbine systems, among others.
Butterfly Valves Market Segmentation
The market can be divided based on product type, material type, design, function, end use, and region.
Market Breakup by Product Type
- Rubber Lined
- Plastic Lined
- Metal Lined
Market Breakup by Material Type
- Stainless Steel
- Cast Iron
- Aluminium
- Others
Market Breakup by Design
- Centric Butterfly Valve
- Single-Eccentric Butterfly Valve
- Double-Eccentric Butterfly Valve
- Triple-Eccentric Butterfly Valve
Market Breakup by Function
- On/Off Valve
- Control Valve
Market Breakup by End Use
- Oil and Gas
- Water and Wastewater
- Power Generation
- Chemical
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global butterfly valves companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Emerson Electric Co.
- Schlumberger Limited
- L&T Valves Limited
- The Weir Group PLC
- Hobbs Valve Limited
- Velan Inc.
- Dembla Valves Ltd.
- Bray International, Inc.
- Others
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