Butterfly Valves Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, 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 to 2030.
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Recent Developments
John King Group has 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.
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.
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.
The Prominent Players in the Butterfly Valves Market
- Alfa Laval Corporate AB
- ASE Engineered Solutions
- AVK Group
- Bray International, Inc.
- Crane Co.
- Curtiss-Wright Corporation
- KSB Group
- L&T Valves Limited
- NIBCO Inc.
- Schlumberger Limited
- The Weir Group PLC
- Valmet Corporation and More
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.
- 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.
- Based on function, the market is segmented into on/off valve, and control valve. The on/off valve dominated the market in this segment.
- 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.
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