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Butterfly Valve Market Trends

Report ID: GMI10192
Published Date: Jul 2024
Report Format: PDF

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Butterfly Valve Market Trends

Manufacturers are exploring materials like nickel-alloys and exotic metals to create butterfly valves that can withstand extreme temperatures, harsh chemicals, and abrasive fluids. This caters to demanding applications in sectors like oil & gas exploration and chemical processing. The use of composite materials like reinforced nylons and fiberglass offers a lighter weight alternative to traditional metal valves. This can be beneficial for applications requiring weight reduction or corrosion resistance. Butterfly valves are increasingly being equipped with automation features like electric or pneumatic actuators. This allows for remote control and integration with industrial automation systems, improving process efficiency and safety.

The emergence of smart butterfly valves with embedded sensors and diagnostics capabilities is gaining traction. These valves can provide real-time data on performance parameters like flow rate, pressure, and valve position. This data can be used for predictive maintenance, optimizing operations, and preventing downtime.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of butterfly valve was reached USD 10.8 billion in 2023 and is expected to register 5% CAGR from 2024 to 2032, owing to its use in applications requiring stainless steel variants due to their high-pressure tolerance and minimal maintenance needs worldwide.

Butterfly valve industry from the plastic lined segment is expected to cross USD 7.8 billion by 2032, due to offering exceptional resistance to a broad spectrum of corrosive chemicals, making them suitable for highly aggressive environments.

North America butterfly valve industry is likely to exceed USD 4.4 billion by 2032, due to the region being a significant producer and consumer of oil and gas and therefore, having extensive usage of butterfly valve.

AVK Group, Bray International, Inc., Crane Co., Curtiss-Wright Corporation, DeZURIK, Inc., Emerson Electric Co., Flowserve Corporation, Grundfos, Honeywell International Inc., Neles, SPX FLOW, Inc., Velan Inc., Weir Group, and Xylem, are some of the major butterfly valve companies worldwide.