High Performance Butterfly Valve Market

High Performance Butterfly Valve Market Outlook (2024 to 2034)

The global high-performance butterfly valve market is expected to grow at 8.1% from 2024 to 2034. Such a trajectory is estimated to increase the market's overall value from US$ 7,232.1 million in 2024 to US$ 15,758.7 million by the end of 2034.

Industrial applications employ butterfly valves, also known as quarter-turn valves, as shut-off valves to control the flow of fluids and gases. It has two modes of operation and comprises a revolving disk inside a pipe. Owing to its rapid utilization, butterfly valve demand has increased over the anticipated duration.

Key Market Growth Drivers

• The availability of high-performance butterfly valves across multiple material types, easy operation, and tight shut-off features are key contributing factors to the growing demand for high-performance butterfly valves.

• Applications for high-pressure butterfly valves are increasing in fire safety, oil and gas, air, and high-temperature and high-pressure services. The agricultural, base, specialty, and fluoro-chemical industries are the target markets for the valves' usefulness and dependability.

• Triple-offset butterfly valves (TOVs) have a sturdy structure and can endure extreme circumstances, making them appropriate for critical and non-critical upstream applications. The oil and gas industry is a potential field to use triple-offset butterfly valves in diverse activities.

• The rising demand for automation in process industries is driving the high-performance butterfly valves market share, known for their excellent performance, reliability, and durability, making them ideal for critical applications in the oil, gas, chemical, and power generation industries.

Over the anticipated term, there is likely to be a rise in the demand for high performance butterfly valves due to a strong product pipeline. The sector is anticipated to expand moderately over the subsequent decade as more innovative and practical solutions are developed and made available to the public.

Report Attributes	Details
Estimated Market Value (2024E)	US$ 7,232.1 million
Forecasted Market Value (2034F)	US$ 15,758.7 million
Global Market Growth Rate (2024 to 2034)	8.1% CAGR
Offset HPBV Segment Growth Rate (2024 to 2034)	7.8%
Carbon Steel Segment Growth Rate (2024 to 2034)	8.1%
North America Market Share (2024)	29.1%
East Asia Market Share (2024)	35.9%
Key Companies Profiled	Alfa Europe Forum Energy Technologies, Inc. Severn Glocon Global Haitima Corporation Emerson Electric Co Flowserve Corporation Bray International, Inc. Crane Co Neles Corporation Baker Hughes DeZURIK IMI Critical Engineering JOHNSON Valves KB VALVE TECHNOLOGY CO., LTD. NIHON KOSO CO., LTD. ST&H Corporation TOMOE Valves Valworx Inc Samson Controls

Which Factors Have Driven the Global Surge in High Performance Butterfly Valve Market?

“High Demand in the Oil and Gas Sector Skyrockets the High Performance Butterfly Valves Industry”

In the gas and oil industries, high-performance butterfly valves are essential because they can endure extreme circumstances, such as cryogenic temperatures. Because of their robust characteristics and capacity for heavy lifting, triple offset valves (TOVs) are especially well-suited for critical and non-critical upstream oil and gas applications.

Investments in pipeline infrastructure are being driven by the increasing demand for petroleum products, particularly gas and oil, which are transported from one location to another. It is anticipated that this will raise the need for high-performance butterfly valves.

For instance, Enbridge Inc. announced its Line 3 pipeline replacement project, set to begin operations on October 1, with a projected US$ 8.2 billion investment to increase its capacity to 760,000 daily barrels. Increased investment in oil and gas pipeline infrastructure is also helping the high-performance butterfly valve industry grow.

“Rising Need for Flow Control in Multiple Industries Controls the High-Performance Butterfly Valves Industry Expansion”

High-pressure fluid control valves are designed to alter the flow passage's dimension in response to controller inputs, therefore regulating the movement of the fluid. The devices are perfect for controlling flow rate, temperature, and pressure in various sectors, including chemical processing, water treatment, oil and gas production, and power generation.

Butterfly valves that may be turned on and off offer a process system's fully open or closed condition. High performance butterfly valves are used when controlling fluid flow is secondary to initiating or stopping it. Improved process regulation capabilities provided by control butterfly valves increase overall efficiency and security.

On-and-off valves, on the other hand, are well known for their short actuation speeds and space-saving advantages and offer an affordable option for simple flow shut-off applications. The global industry is expanding owing to the need for high-performance butterfly valves for fluid control across several sectors.

Which Factors Present Challenges to the High Performance Butterfly Valve Market Growth?

“Demand for the High Performance Butterfly Valves Chocked Up by the Mechanical Failure”

The market for high-performance butterfly valves is expected to encounter some obstacles in its growth trajectory because of several problems, including cavitation, choked flow, and restricted throttling service to low differential pressure.

These problems can negatively affect high-pressure butterfly valves' performance, efficiency, and durability. The incapacity of the valve to give precise control over the flow rate at low-pressure differentials is known as limited throttling service at low differential pressure. This can result in imprecise flow regulation and reduced efficiency.

Cavitation, which can harm the valve body and other components, is the development of vapor bubbles in the fluid due to low-pressure zones. Choked flow, on the other hand, happens when the valve cannot pass the fluid at a greater rate, limiting the flow rate and resulting in decreased performance and efficiency.

These difficulties may hamper the market for high-performance butterfly valves. Thus, producers must deal with them to ensure long-term profitability and continued development.

Country-wise Insights

The high performance butterfly valve market in North America is predicted to develop at an 8.2% CAGR through 2034. The United States is expected to lead North America in 2024, with a 64.6% revenue share.

On the other hand, the East Asia high performance butterfly valve market is predicted to grow at a healthy annual pace of 8.2% by 2034. In 2024, high-pressure butterfly valves are estimated to account for 55.6% of the Chinese industry.

Why is the United States Leading the Global High Performance Butterfly Valve Market?

“Manufacturing Sector in the United States Fancies the High Performance Butterfly Valves”

It is anticipated that in 2024, the United States high performance butterfly valves market will grow to a value of US$ 1,359.5 million. By 2024, it is projected that the United States will hold a 64.6% market share in North America. In recent years, this market has experienced substantial growth. For 2024 to 2034, the estimated growth rate is 8.3%.

The United States is one of the world's most technologically advanced countries, driving the high-performance butterfly valve industry. The market gains from the strong focus on safety and danger mitigation in industrial settings, which makes high-performance butterfly valves a preferred option for guaranteeing safety.

The substantial manufacturing sector in the United States and the extensive use of technological and automated solutions in industrial settings have also boosted demand across various end-use industries, raising the market value of these valves in the United States.

Which Factors Position China as a Prospering High Performance Butterfly Valve Market?

“Rigid Chemical Industry Thrusts the Demand of High Performance Butterfly Valves in China”

High-performance butterfly valve demand is projected to skyrocket in China, where the market is expected to reach US$ 1,443.6 million in 2024. In addition, a nurturing CAGR of 8.5% is anticipated for the forecast period. By 2034, this anticipated growth will translate into an estimated market value of US$ 3,268.8 million.

China continues to dominate the global chemical industry. In the forecast decade, its fast economic expansion is predicted to increase demand for high-performance butterfly valves, especially in mining, oil production, and power generation sectors.

Through its strong manufacturing capabilities, technological expertise, and advantageous location, China is likely to witness considerable expansion in the high-performance butterfly valve market, establishing itself as a key supplier to local and international markets.

Category-wise Insights

According to Fact.MR.'s market predictions, rubber-seated BV is estimated to account for 49.2% of the high-performance butterfly valve market in 2024. By 2024, offset HPBV is expected to have a 50.8% market share. Due to its use in several industries, the rubber-seated BV segment is expected to outperform the offset HPBV category in the forthcoming decade.

The carbon steel category is anticipated to have a 38.2% share in 2024 due to its material type. Concurrently, the bronze category is expected to garner a 33.6% share of the market.

Why is the High Performance Butterfly Valve Market Augmented Demand for Offset High Performance Butterfly Valves?

“Offset HPBV Opens Up Demand from Multiple Industries Globally”

Fact.MR's market research indicates that in 2024, offset high performance butterfly valves held a 50.8% market share. Over the next ten years, the offset HPBV market is anticipated to expand at a 7.8% CAGR. It was projected that the market for offset high-performance butterfly valves is estimated to be worth US$ 3,673.9 million in 2024.

Industry analysts predict that over the next ten years, the dominance of valve types in the global market for high-performance butterfly valves will change. It is anticipated that rubber-seated butterfly valves will become more common and exceed the demand for offset high-pressure butterfly valves. The valve market and the sectors that depend on these valves for their operations are expected to be greatly impacted by that pattern.

The offset high-performance butterfly valve is a valve type that is engineered to prevent any contact between the media passing through it and the valve body. Due to its distinctive design, it can handle a wide range of materials, including abrasive materials, coatings, food items, specific powders, and chemicals. The offset high-performance butterfly valve is becoming increasingly popular globally because of its versatility in handling various applications. For several industries, it is anticipated to become the favored option of the butterfly valve.

Competitive Landscape

Several recent developments in the market have occurred on a global scale. Manufacturers of high pressure butterfly valves globally are said to prioritize acquisitions and long-term agreements with end users.

The global high-performance butterfly valve industry comprises various market players, such as Alfa Europe, Forum Energy Technologies, Inc., Severn Glocon Global, Haitima Corporation, Emerson Electric Co, Flowserve Corporation, Bray International, Inc., Crane Co, Neles Corporation, Baker Hughes, DeZURIK, IMI Critical Engineering, JOHNSON Valves, KB VALVE TECHNOLOGY CO., LTD., NIHON KOSO CO., LTD., ST&H Corporation, TOMOE Valves, Valworx Inc, Samson Controls, and others.

Partnerships and collaborations are other strategic alliances fostered to increase operational effectiveness and expand market reach. Companies use product releases and other marketing campaigns to gain a competitive advantage and expand the market for high performance butterfly valves.

Recent Development

• In December 2023, Curtiss-Wright Corporation acquired Flowserve's high-performance butterfly valve division, aiming to strengthen its market leadership position and expand its portfolio of advanced flow control solutions to serve its customers better.

• In May 2023, ChargePoint and Famat developed an integrated valve solution that enables operators to analyze product samples securely and sterilely during production using a split butterfly valve and 125-TC/OEL valve.

Segmentation of the High Performance Butterfly Valve Market

• By Type:

  • Rubber seated BV
  • Offset HPBV

• By Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Aluminum
  • Bronze

• By Region:

  • North America
  • Europe
  • East Asia
  • East Asia
  • South Asia & Oceania
  • The Middle East & Africa