Press release
Butterfly Valve Market Growth, Top Vendors, Regional Outlook and Forecast by 2025
Butterfly Valve Market
The global butterfly valves market size is expected to reach $13,667.0 million by 2025 from $8,282.61 million in 2017, growing at a CAGR of 6.3% from 2018 to 2025
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Top Companies
CRANE CO., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, AVK Holding A/S, Velan inc., Alfa Laval Corporate AB, The Weir Group PLC, KSB SE & Co. KGaA, Schlumberger Ltd. (Cameron Corporation)
Before delving into the market trends, it's essential to understand what butterfly valves are. A butterfly valve is a quarter-turn rotational valve that uses a circular disc to control the flow of a fluid within a pipeline. They are typically preferred when quick and efficient shutoff is required, and they are known for their low-pressure drop and ease of installation.
The butterfly valve market has witnessed significant growth in recent years. This growth can be attributed to various factors, including increasing industrialization, urbanization, and infrastructural development across the globe. The market size has been expanding due to the rising demand for butterfly valves in various applications, including water and wastewater treatment, HVAC systems, and oil and gas production.
With growing concerns over water scarcity and the need for efficient water treatment, butterfly valves play a crucial role in managing water distribution and sewage systems. The market has seen an upsurge in demand for large-diameter butterfly valves in water infrastructure projects. The oil and gas sector remains one of the most significant consumers of butterfly valves. Butterfly valves are widely used in upstream, midstream, and downstream operations for controlling the flow of crude oil, natural gas, and various petroleum products. The industry's ongoing expansion and maintenance activities continue to drive the demand for these valves.
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Automation and digitalization are influencing the valve industry, including butterfly valves. Smart butterfly valves equipped with sensors and actuators are gaining popularity as they allow remote monitoring and control. This trend aligns with Industry 4.0 and the increasing need for data-driven decision-making. Environmental concerns and government regulations are pushing industries to adopt eco-friendly and energy-efficient solutions. Butterfly valves are seen as a sustainable choice due to their low energy consumption and reduced greenhouse gas emissions. This trend is expected to drive the adoption of butterfly valves in the future.
Manufacturers are continuously working on improving the design and materials used in butterfly valves. The development of resilient-seated and triple-offset butterfly valves has enhanced their performance and durability. This innovation is crucial, especially in industries that demand long-term reliability. As developing nations invest in infrastructure development, there is a growing demand for butterfly valves. Emerging markets in Asia, Latin America, and Africa are expected to be key growth drivers in the coming years. The butterfly valve market is highly competitive, with numerous global and regional players. Companies are focusing on mergers and acquisitions to expand their product portfolios and global reach. Providing after-sales services and technical support is also a key strategy to gain a competitive edge.
The butterfly valve market continues to evolve, driven by the demand for efficient fluid control solutions in various industries. As technology advances, butterfly valves are becoming smarter and more versatile, making them an integral part of the industrial landscape. With a focus on sustainability, efficiency, and innovation, the market is poised for steady growth in the years to come. Keep an eye on these trends and insights to stay informed about the ever-changing landscape of the butterfly valve market.
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