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Surging Oil And Gas Industry Demand Drives Growth In The erfly Valve Market: Core Growth Enabler in the erfly Valves Market, 2025
erfly Valves
What Will the erfly Valves Industry Market Size Be by 2025?
The market size for erfly valves has seen robust expansion in the past couple of years. Having been valued at $11.1 billion in 2024, it is forecasted to surge to $11.81 billion in 2025, marking a compound annual growth rate (CAGR) of 6.5%. The significant growth observed in the previous period can be traced back to elements such as industrial and infrastructure development, a prioritization of energy efficiency, an increased inclusion in HVAC systems, the globalization of trade and fire protection systems, as well as an upward movement in the mining and metals sector.
What's the Long-Term Growth Forecast for the erfly Valves Market Size Through 2029?
In the upcoming years, the erfly valves market size is predicted to witness robust growth, reaching $15.53 billion by 2029 with a compound annual growth rate (CAGR) of 7.1%. The rise in the forecast period can be attributed to the increasing attention towards water security, growth of renewable energy, the need for valves requiring low-maintenance, material sciences advancements, and hydraulic fracturing in the oil and gas sector along with focus on reducing industrial emissions. In the forecast period, key trends such as improvement in valve technologies, concentrated focus on automation, the use of triple offset erfly valves, market consolidation and strategic partnerships, and tailored customization and solutions are anticipated.
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What Are the Key Growth Drivers Fueling the erfly Valves Market Expansion?
The erfly valve market is experiencing growth due to the escalated demand from the oil and gas sector. Valves are indispensable in this industry as they are critical to all piping systems, controlling flow rates, separating and securing equipment, and directing crude oil processing. An escalation in oil and gas activities on both the upstream and downstream ends will invariably lead to higher valve demand. As stated by the International Energy Agency (IEA) oil, a French intergovernmental organization, global oil demand in June 2023 escalated by 800,000 barrels each day (kb/d) in the initial six months of the year, a figure lower than the anticipated growth of 2.3 million barrels each day (mb/d) for 2023. However, expectations are for a rise of 900 kb/d in 2024, followed by an increase of 950 kb/d in 2025. Consequently, the escalating demand from the oil and gas sector is contributing to the growth of the erfly valve market.
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What Are the Key Trends Driving erfly Valves Market Growth?
Leading firms in the erfly valves market are concentrating on creating innovative solutions like double-offset erfly valves to improve efficiency and performance. The double-offset erfly valves imply a distinctive valve design in which the shaft is offset from both the valve body and the disc. Take for example, Kingdom Flow Control Co., a UK industrial equipment manufacturer and exporter, introduced double offset erfly valves in August 2024. These valves feature a distinctive stem and disc design that lessens seat wear, lowers torque, and prolongs service life. These valves are apt for both shut-off and regulation applications, and they provide bi-directional sealing performance as well as reduced operational torque. In addition, they come with adjustable live-loaded stem sealing, an anti-static scheme, an anti-blowout stem for improved safety, frictionless operation, and easy maintenance for seat replacement.
How Is the erfly Valves Market Segmented?
The erfly valves market covered in this report is segmented -
1) By Type: High-Performance erfly Valves, Lined erfly Valves
2) By Mechanism: Centric Valves (Zero Offset erfly Valves), Eccentric Valves
3) By Function: On Or Off Valves, Control Valves
4) By End User: Oil And Gas, Electric Power, Water And Wastewater, Chemical, Other End Users
Subsegments:
1) By High-Performance erfly Valves: Double Offset erfly Valves, Triple Offset erfly Valves
2) By Lined erfly Valves: PTFE Lined erfly Valves, Rubber Lined erfly Valves
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Which Companies Are Leading the Charge in erfly Valves Market Innovation?
Major companies operating in the erfly valves market are Emerson Electric Co., Flowserve Corporation, Alfa Laval AB, AVK Holding A/S, Crane Co., Bray International Inc., Conbraco Industries Inc., Milwaukee Valve Company Inc., Anvil International LLC, Hayward Industries Inc., NIBCO Inc., Valworx Inc., Curtiss-Wright Corporation, ASEPCO, Schlumberger Limited, XHVAL Industrial Valve Manufacturing Co. Ltd., Huamei Machinery Limited, Flexachem Manufacturing Ltd., Valmet Corporation, Thermoplastic Valves Inc., PR Valves LLC, Lumaco Sanitary Valves, Centec LLC, Erdmann Corporation, World Wide Metric Inc., Jamieson Equipment Co. Inc., Cipriani Harrison Valves Corp., Xylem Inc., Ryan Herco Flow Solutions, Cargil Inc.
Which Regions Are Leading the Global erfly Valves Market in Revenue?
Asia-Pacific was the largest region in the erfly valves market share in 2024. The regions covered in the erfly valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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