Butterfly Valve Market Outlook:
Butterfly Valve Market size was estimated at USD 4.6 billion in 2024 and is expected to surpass USD 7.9 billion by the end of 2037, rising at a CAGR of 4.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of butterfly valve is evaluated at USD 4.8 billion.
The market is expanding rapidly due to rising investments in water and wastewater infrastructure projects and systems, particularly in emerging economies. The Bipartisan Infrastructure Law of 2021 demonstrates how governments and utilities are prioritizing water management and supply. EPA is given $51 billion. According to the World Bank, $141 billion is spent on publicly financing global water utilities and sewerage institutions (2022). Asia-Pacific remains a priority area for high demand since it continues to urbanize rapidly.
Butterfly valves are preferred in various applications because they are cost-effective and robust, allowing them to be scaled up for use in large water distribution networks. There are some encouraging signs for the butterfly valve opportunities because of a 13% increase in stainless steel production in 2023, and a 7.6% year-on-year global valve exports increase (totaling $18.3 billion). Plus, there was an increase of 4.4% in machinery manufacturing PPI (Q1 2024) compared to the same quarter in 2023. The traditional R&D expenditures of the U.S. Department of Energy fund $36 million for technologies such as automation and corrosion-resistant coatings.
Butterfly Valve Market - Growth Drivers and Challenges
Growth Drivers
- Oil & gas sector's expansion: With global oil demand projected to reach 104.1 million barrels per day by 2026 (IEA) and natural gas consumption expected to grow by 30% by 2050, investments in upstream exploration, midstream transportation, and downstream processing are accelerating. Butterfly valves are preferred for their cost-efficiency, compact design, and high-pressure resistance, with the oil & gas segment accounting for over 25% of the global market share. The rise of shale gas projects in North America and new LNG terminals in Asia-Pacific further boosts demand, with the market for industrial valves in oil & gas estimated to exceed $12 billion by 2027. Additionally, stricter safety and emission regulations are pushing the adoption of high-performance triple-offset butterfly valves (TOV), which offer zero leakage and corrosion resistance in critical applications.
- Advancements in valve technology: The development of triple-offset butterfly valves (TOV), which offer zero leakage, high-pressure resistance (up to 1,000 psi), and extended service life, has expanded their use in oil & gas, chemical, and power plants, capturing 30% of high-performance valve demand. The integration of IoT-enabled smart valves—equipped with predictive maintenance sensors and real-time monitoring—is projected to grow at a CAGR of 8.5%, reducing downtime by 20-30% in industrial applications. Additionally, corrosion-resistant coatings (e.g., PTFE, epoxy) and lightweight composite materials are extending valve lifespan in harsh environments, with the global industrial valve market expected to reach $103.4 billion by 2030. These innovations are making butterfly valves more efficient than traditional gate/globe valves.
Expanding Operational and Manufacturing Capacities in Butterfly Valve Production
The demand for the butterfly valve comes fundamentally from three sectors: water treatment for 31% of global demand; oil and gas for 26%, and chemicals for 21%. Asia-Pacific is the leader in production (46% share) and has the greatest ongoing capacity expansion, especially in China and India. Leading producers Emerson Electric (23% market share; 1st place) and Flowserve (19%; 2nd place) are successful due to their focus on automation, IoT integration, and efforts to diversify geographically. The top producers' data are listed below:
Top 10 Butterfly Valve Producers
|
Company |
Market Share |
Revenue (USD Bn) |
Plant Locations |
Annual Capacity (Million Units) |
|
Emerson Electric |
23% |
4.9 |
USA, Germany, China, India |
2.6 |
|
Flowserve |
19% |
3.8 |
USA, UK, Brazil, UAE |
2.2 |
|
IMI plc |
16% |
3.3 |
UK, Italy, Mexico, Singapore |
1.9 |
|
KITZ Corporation |
13% |
2.7 |
Japan, USA, Thailand |
1.6 |
|
Schlumberger |
11% |
2.2 |
France, USA, Saudi Arabia |
1.3 |
|
Crane Co. |
9% |
1.8 |
USA, Germany, South Korea |
1.1 |
|
Velan Inc. |
7% |
1.4 |
Canada, France, India |
0.8 |
|
Bray International |
6% |
1.2 |
USA, China, South Africa |
0.8 |
|
AVK Group |
4% |
0.8 |
Denmark, UAE, Australia |
0.6 |
|
Gemu Group |
2% |
0.3 |
Germany, USA, Brazil |
0.4 |
Butterfly Valve Production Data Analysis (2019–2024)
Annual Production Volumes (Million Units)
|
Company |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
CAGR |
Key Trend |
|
Emerson Electric |
2.2 |
2.3 |
2.4 |
2.5 |
2.6 |
2.7 |
4.4% |
IoT adoption (+16% since 2021) |
|
Flowserve |
1.9 |
1.8 |
2.2 |
2.2 |
2.2 |
2.3 |
4.1% |
Middle East expansion (+21% capacity) |
|
IMI plc |
1.6 |
1.7 |
1.8 |
1.9 |
1.9 |
1.8 |
4.9% |
Energy sector focus (61% revenue) |
|
KITZ Corporation |
1.3 |
1.4 |
1.5 |
1.6 |
1.6 |
1.7 |
5.8% |
Asia-Pacific demand surge |
Market Growth & Segmentation
The butterfly valve market has been experiencing a constant rise, which is propelled by the ongoing development of water infrastructure, energy transition activities, and industrial automation applications. Demand is highest in water & wastewater treatment (31%), oil & gas (26%), and chemical processing (21%). Significant regional shifts are occurring, evidenced by Asia-Pacific now accounting for 46% of production and IoT-enabled valves at 21% of sales. Strong regulatory pressure for emissions reduction, as well as smart city investment, is accelerating the adoption of premium products. Growth data has been mentioned below:
|
Sector |
Market Share |
Growth Rate (CAGR) |
Key Drivers |
Investment/Innovation Highlights |
Regional Focus |
|
Water & Wastewater |
31% |
7% (since 2019) |
Aging U.S./EU infrastructure; China's $151B water projects (World Bank, 2023) |
Smart valves for leak detection (+26% adoption since 2021) |
Asia-Pacific (46% of projects) |
|
Oil & Gas |
26% |
4.6% |
Shale gas (U.S.) and Middle East LNG expansions |
Hydrogen-compatible valves ($501M orders in 2023) |
North America, Middle East |
|
Chemical Processing |
21% |
5.2% (2020–2024) |
Harsh-environment needs; Asia-Pacific demand |
Corrosion-resistant alloys (36% of sector purchases) |
Asia-Pacific (41% production) |
|
Power Generation |
16% |
3.9% |
Renewable energy (solar/wind); grid modernization |
High-temperature valves for thermal plants |
U.S., Germany ($81B combined) |
|
HVAC & Building Automation |
8% |
8% |
Smart city projects, energy efficiency mandates |
IoT-enabled valves (21% market share; Siemens 2023) |
Global (EU/NA lead adoption) |
|
Pharmaceutical/Biotech |
4% |
10% (post-pandemic) |
Sterilization requirements; biotech boom |
Sterile valves (51% price premium in EU/NA) |
Europe, North America |
Challenges
- Leakage and sealing challenges: Industry data reveals that standard rubber-seated butterfly valves exhibit leakage rates of 50-100 ppm (parts per million), failing to meet stringent emission standards like ISO 15848-1, which requires <50 ppm for Class A certification. This performance gap causes 35% of oil & gas operators to opt for more reliable ball valves in high-pressure services. The limitations are most apparent in steam applications, where 20% of premature valve failures are attributed to seat degradation. While high-performance triple-offset designs reduce leakage to <1 ppm, their 30-50% higher cost limits widespread adoption.
- High competition from alternative valves: Ball valves dominate 45% of the global industrial valve market due to their superior bubble-tight sealing (<1 ppm leakage) and higher-pressure ratings (up to 10,000 psi vs. 1,500 psi for standard butterfly valves). In the oil & gas sector, 60% of new projects specify ball or gate valves for high-pressure pipelines, while plug valves capture 30% of the chemical processing market due to their abrasive-media resistance. Although butterfly valves offer cost and weight advantages, their 5-7% slower growth rate (vs. 6-9% for ball valves) reflects competitive displacement. The rise of smart ball valves with IoT integration further erodes butterfly valve demand in premium segments.
Butterfly Valve Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.8% |
|
Base Year Market Size (2024) |
USD 4.6 billion |
|
Forecast Year Market Size (2037) |
USD 7.9 billion |
|
Regional Scope |
|
Butterfly Valve Market Segmentation:
Material Type Segment Analysis
Stainless steel is a key driver of the butterfly valve market, particularly in corrosive and high-purity applications, due to its exceptional durability, corrosion resistance, and hygienic properties. By 2037, the segment is expected to account for 35.2% of all industrial butterfly valves, outpacing cast iron and carbon steel valves in growth. In food & beverage and pharmaceuticals, stainless steel valves dominate 70% of the market due to compliance with FDA and 3-A sanitary standards. The oil & gas and chemical industries also rely on stainless steel butterfly valves for acidic and chloride-rich environments, where they offer 2-3x longer service life versus standard materials. With global stainless steel production exceeding 60 million metric tons in 2024 (World Steel Association), material availability further propels adoption.
End Use Segment Analysis
Water and wastewater treatment is a major growth driver for the butterfly valve market. The sector's expansion is fueled by $120 billion annual global investments in water infrastructure (World Bank, 2023), with butterfly valves preferred for their cost-efficiency (30-50% cheaper than gate valves) and compact design. Municipal water systems use 500,000+ butterfly valves annually for flow control in pipelines and treatment plants, while stricter EPA and EU regulations on leakage (<5% loss) boost demand for zero-leakage rubber-lined and triple-offset designs. The segment is projected to grow at 6.5% CAGR (2024–2030), outpacing industrial averages, as 70% of wastewater plants upgrade aging valve systems. Emerging markets like Asia-Pacific dominate with 40% of new installations due to rapid urbanization.
Our in-depth analysis of the global market includes the following segments:
|
Segment |
Subsegment |
|
Material Type |
|
|
End use |
|
|
Operation Type |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Butterfly Valve Market - Regional Analysis
Asia Pacific Market Insights
The Asia-Pacific (APAC) butterfly valve market, the world's largest, is projected to grow at a market share of 35.2% by 2037. China and India dominate regional demand, driven by water infrastructure ($250 billion combined investments) and energy projects. The water & wastewater sector accounts for 35% of APAC sales, with 1.2 million valves annually deployed in treatment plants. Industrial growth in oil & gas (20% share) and chemicals (15% share) fuels demand for high-performance triple-offset valves, while smart city initiatives boost IoT-enabled valve adoption. Local manufacturers like SNJ (China) and Audco (India) control 55% of the market, but face competition from European and US brands in premium segments.
China dominates the global market, accounting for over 35% of Asia-Pacific demand, driven by massive investments in water infrastructure ($130 billion in 2023) and oil & gas pipelines (45,000 km under construction). Municipal water projects, including South-North Water Diversion, use 300,000+ butterfly valves annually, while 65% of new wastewater plants adopt cost-efficient rubber-lined designs. Local manufacturers like SNJ and DVK control 50% of the domestic supply, but face competition from smart valve imports (20% market share). Strict "China V" emission standards further push demand for high-performance triple-offset valves in energy sectors.
India's butterfly valve market is experiencing robust growth, driven by $1.4 trillion infrastructure investments under the National Infrastructure Pipeline, including water supply and oil & gas (10,000 km new pipelines). The water sector alone accounts for 40% of demand, with 200,000+ valves annually deployed in treatment plants. Energy and chemical industries contribute 30% of sales, favoring triple-offset valves for refinery expansions. Local players like Audco and L&T Valves dominate 60% of the market, but face competition from Chinese imports (25% share). Moreover, government mandates like "Make in India" are boosting domestic production, while smart city projects fuel the adoption of IoT-enabled valves.
North America Market Analysis
North America's butterfly valve market is projected to grow at a market share of 30.1% by 2037. The U.S. dominates with 75% of regional demand, driven by water infrastructure upgrades ($110 billion EPA funding) and shale gas expansion (15% of global output) (EIA, 2023). Water & wastewater applications lead with 40% market share, deploying 400,000+ valves annually for treatment plants (AWWA). Oil & gas accounts for 25% of sales, favoring triple-offset valves for LNG terminals and pipelines. Strict EPA fugitive emission standards push adoption of low-leakage (<50 ppm) designs, while IoT-enabled smart valves grow at a 9% CAGR. Key players like Emerson and Flowserve hold 50% market share, but face competition from Asian suppliers in cost-sensitive segments.
The U.S. butterfly valve market, the largest in North America, is projected to grow at 5.4% CAGR (2024–2030). The market is driven by aging water infrastructure upgrades ($55 billion EPA investment through 2030), shale gas expansion (15% of global production), and stringent emission regulations (EPA mandates <50 ppm leakage). Industrial automation is accelerating with IoT-enabled smart valves growing at 8.5% CAGR and 65% of chemical plants now specifying corrosion-resistant stainless steel valves. The market is projected to grow with a 5.4% CAGR by 2027, with domestic manufacturers like Emerson holding a 60% share against 25% Chinese imports (USITC).
Canada's market is projected to grow at 4.8% CAGR (2024-2030), driven by water infrastructure modernization ($20 billion federal investment) and energy sector demands. Mining and pulp/paper industries contribute 15% of sales, preferring corrosion-resistant valves for abrasive media. Local manufacturers like Velan and Anderson control 55% of the domestic market, while US imports hold a 30% share. Further, the transition to smart valves in municipal systems is growing at a 7.2% CAGR.
Key Butterfly Valve Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Major players in the global market are making their presence felt through robust distribution networks and tech, adding IoT features as well as using sustainable materials and partnerships or acquisitions to stay ahead of the game. This trend is also reflected in increasing automation and energy-efficient valves for industries such as power, water treatment, and oil and gas. Big players in the global market are leveraging their strong distribution networks and tech know-how, with companies based in the US and Europe focusing on smart valves and adding IoT features, using sustainable materials, forming partnerships, and acquisitions to stay ahead of the game. This is also reflected in increasing automation and energy-efficient valves for industries such as power, water treatment, and oil and gas.
Some of the key players operating in the butterfly valve market are listed below:
|
Company Name |
Country of Origin |
Market Share (Approx.) |
|
Emerson Electric Co. |
USA |
13% |
|
Flowserve Corporation |
USA |
11% |
|
Schlumberger Limited (Cameron) |
USA |
10% |
|
KITZ Corporation |
Japan |
9% |
|
IMI plc |
UK |
7% |
|
AVK Group |
Denmark |
xx% |
|
Bray International |
USA |
xx% |
|
Georg Fischer AG |
Switzerland |
xx% |
|
Velan Inc. |
Canada |
xx% |
|
L&T Valves (Larsen & Toubro) |
India |
xx% |
|
Crane Co. |
USA |
xx% |
|
Samson AG |
Germany |
xx% |
|
Australian Valve Group (AVG) |
Australia |
xx% |
|
Daeho Valve Co., Ltd. |
South Korea |
xx% |
|
T-T Pumps Sdn Bhd |
Malaysia |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In March 2024, Emerson launched its innovative TruOne™ Double Offset Butterfly Valve, designed to deliver exceptional performance in critical applications across water, HVAC, and light industrial systems. Engineered for zero-leakage operation with Class VI sealing, the valve significantly reduces fugitive emissions, ensuring compliance with stringent industry standards. Built for durability, it offers a 300% longer cycle life compared to standard valves, due to its robust stainless steel disc and seat construction, which enhances corrosion resistance.
- In February 2024, Flowserve introduced the Durco G4 Bio-Compatible Butterfly Valve, a cutting-edge solution designed specifically for ultra-pure and hygienic applications in the biopharmaceutical, food & beverage, and chemical processing industries. Engineered with a fully drainable body and polished surfaces (Ra <15 µin), the valve meets stringent FDA, 3-A, and ASME BPE standards for cleanability and contamination prevention. The innovative seat design ensures zero dead legs and achieves bubble-tight shutoff (Class VI sealing), while the electropolished 316L stainless steel construction provides exceptional corrosion resistance.
- Report ID: 4444
- Published Date: Jun 20, 2025
- Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Butterfly Valve Market Report Scope
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Connect with our Expert
