The global Butterfly Valves Market is estimated to account for USD 11.7 billion in 2025. It is anticipated to grow at a CAGR of 6.5% during the assessment period and reach a value of USD 22.1 billion by 2035. In 2024, the world industry witnessed steady growth as demand from industries like water treatment, oil & gas, and food & beverage grew.
The use of stainless steel and hygienic products picked up, specifically in the food and dairy industries, where hygiene standards are of paramount importance. New valve designs, including jacketed hygienic, picked up pace, fulfilling particular demands in the dairy and confectionery industries.
Moreover, automation and intelligent technology integration into gained pace, allowing for remote monitoring, predictive maintenance, and increased operational efficiency. As part of growing economies, especially in Asia-Pacific and Latin America, fast industrialization and infrastructure development helped fuel growth.
Ahead of 2025 and beyond, the sector will continue to grow, with an estimated CAGR of 6.5%. Demand for products in developing industries will increase further, driven by urbanization and industrial growth. IoT-enabled valves and predictive maintenance using AI will become more common, minimizing downtime and operational expenditure.
In addition, emphasis on sustainability and energy efficiency will fuel innovation in valve material and design, keeping the industry vibrant and sensitive to changing industry requirements. Through 2035, the industry is expected to surpass USD 22 billion, demonstrating consistent growth and innovation.
Key Metrics
| Metrics | Values |
|---|---|
| Industry Size (2025E) | USD 11.7 billion |
| Industry Value (2035F) | USD 22.1 billion |
| Value-based CAGR (2025 to 2035) | 6.5% |
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FMI Survey Findings: Dynamics from Stakeholder Views
Stakeholders' Top Priorities
Use of Advanced Technologies
Material Choices
Price Sensitivity
Pain Points in the Value Chain
Future Investment Priorities
Regulatory Impact
Conclusion: Variance vs. Consensus
| Countries | Regulations and Mandatory Certifications |
|---|---|
| India | The Products (Quality Control) Order, 2020 mandates that for general purposes conform to IS 13095:1991 standards. Manufacturers must obtain BIS certification (ISI Mark) to legally sector these products in India. |
| European Union | The Pressure Equipment Directive (PED) 2014/68/EU sets standards for the design and fabrication of pressure equipment, including products. Compliance with this directive is mandatory for products to be placed on the EU landscape. |
| United States | It must comply with standards set by organizations such as the American Society of Mechanical Engineers (ASME) and the American Petroleum Institute (API). While not government-mandated, adherence to these standards is often required by industry and regulatory bodies. |
| China | The China Compulsory Certification (CCC) mark is required for certain products. While products may not specifically require CCC certification, compliance with relevant national standards (GB standards) is necessary. |
| Australia | The Australian Standard AS 4795 specifies requirements for products used in water supply and sewerage systems. Compliance with this standard is essential for sector acceptance. |
| 2020 to 2024 | 2025 to 2035 |
|---|---|
| - The global industry was valued at approximately USD 8.28 billion in 2017 and reached around USD 13.67 billion by 2025, growing at a CAGR of 6.3% from 2018 to 2025. | - The industry is projected to grow from USD 11.1 billion in 2024 to USD 11.81 billion in 2025, with a CAGR of 6.5%. |
| - Asia-Pacific emerged as the fastest-growing region, attributed to rapid industrialization and infrastructure development. | - North America is expected to hold the largest share by 2025, driven by technological advancements and stringent regulatory standards. |
| - Increased demand from the oil & gas industry and the need for efficient flow control solutions. | - Rising investments in water and wastewater infrastructure, along with advancements in valve technologies. |
| - Major companies included Emerson Electric Co., Flowserve Corporation, L&T Valves Limited, Alfa Laval Corporate AB, and Curtiss-Wright Corporation. | - The industry is anticipated to see new entrants focusing on smart valve technologies and automation. |
| - Adoption of high-performance to meet industry-specific requirements. | - Integration of Industrial Internet of Things (IIoT) for real-time monitoring and predictive maintenance. |
| - Fluctuations in raw material prices and intense competition. | - Addressing cybersecurity concerns associated with smart valve technologies. |
Based on type, the market is divided into high-performance and lined. High-performance butterfly valves are utilized more extensively than lined, mainly because of their flexibility, strength, and capacity to cater to a wider variety of applications. High-performance are made to work under increased pressure and temperature levels, hence suitable for demanding applications like oil and gas, power generation, and chemical processing.
They are built using hard materials such as stainless steel or high-quality alloys, which resist corrosion, abrasion, and harsh conditions perfectly. Their double-offset or triple-offset constructions also provide for tightness and low leakage during operation, including in high-pressure systems, an important consideration to ensure operationally efficient and safe operation.
Based on the mechanism, the market is divided into eccentric valves and centric valves. Eccentric butterfly valves are utilized more frequently than centric, predominantly due to their better performance with high pressure and temperature, as well as a tighter shut-off and reduced wear over a lifespan.
Eccentric valves, particularly double-off-center and triple-off-center designs, are constructed where the disc is off-center to the valve seat and stem. All this design is meant to decrease friction and wear while in function, providing improved sealing performance along with a long lifespan, even in aggressive circumstances.
Such features make Eccentric well-placed for high-demand applications such as oil and gas, power generation, and chemical processing, where reliability and leak-tight performance are essential.
By function, the market is segmented into on / off valves and control valves. On/off are employed more widely than control, primarily due to their ease of use, low price, and versatility for a large range of uses where precise flow regulation is not required. On/off are designed to fully open or fully close off the flow of media and are ideal for application in such uses as water distribution, heating, ventilation, air conditioning systems, and general industrial processes.
Their uncomplicated design, with a disc that turns to open or close off the flow, offers quick action, minimal maintenance, and reliability. Also, on/off are compact, light in weight, and comparatively affordable, which makes them a favored choice for massive installations and systems in which straightforward flow isolation is essential.
Based on applications, the market is divided into oil & gas, water & wastewater, chemicals, power generation, and others. They are applied throughout various industries but are especially in use in the water & wastewater industry, with oil & gas, chemicals, and power generation following suit. In the water & wastewater business, are heavily deployed because they are cost-effective, easy to install, and capable of high water volumes without a high-pressure drop.
Their light construction and small size make them suitable for uses like water supply, treatment plants, and sewage, where they can tolerate reliability and low maintenance. Also, products are particularly good for operating non-corrosive fluids like water and, therefore, are a natural choice for this industry.
| Countries | CAGR |
|---|---|
| USA | 6.8% |
| UK | 6.2% |
| France | 6.0% |
| Germany | 6.5% |
| Italy | 5.8% |
| South Korea | 6.3% |
| Japan | 5.5% |
| China | 7.0% |
The USA industry is anticipated to grow at a CAGR of 6.8% during the period 2025 to 2035, led by strong demand from the oil & gas, water & wastewater, and power generation industries. The large pipeline infrastructure in the country and shale gas exploration are major drivers, with used extensively for isolation and flow control.
Besides, the implementation of smart valves with IoT functionality is catching up in industries like industrial automation and smart water management systems. The rigorous environmental regulations, including those of the EPA, are also fueling demand for low-emission and eco-friendly designs for valves.
The USA has good investments in R&D and the availability of major producers of valves, which ensures a steady supply of high-performance and innovative products. However, supply chain disruptions and higher raw material costs can impede growth marginally. Overall, the USA is one of the most profitable sectors for butterfly valves globally.
The UK market is also anticipated to grow at a CAGR of 6.2% over the forecast period due to the country's focus on wastewater treatment and water conservation. The old water system of the UK is undergoing gigantic overhauls, which create demand for heavy-duty and efficient products. The oil & gas sector, particularly in the North Sea, is also driving the secsectorowth, where valves are used in offshore platforms and refineries.
The Net Zero 2050 drive of sustainability in the UK is inspiring the adoption of low-emission and energy-efficient valve technologies. However, producers are faced with Brexit-driven disruptions in trade as well as rules challenges. Barring these concerns, the UK is still an attractive destination owing to its industrially strong backbone and emphasis on technological development.
The industry in France is forecasted to expand at a CAGR of 6.0% during 2025 to 2035 due to demand from water & wastewater and chemical sectors. The nation's emphasis on modernizing its water infrastructure and adhering to EU environmental standards is a growth driver.
France's chemical industry, among the largest in Europe, is also dependent on products in processing corrosive and abrasive media. The power generation sector, especially nuclear power, also drives demand.
Moreover, challenges such as labor costs and competition from Asian low-cost manufacturers affect the industry. Even with these challenges, France's focus on sustainability and innovation guarantees consistent growth in the butterfly valve industry.
Germany, the biggest industrial economy in Europe, will record a CAGR of 6.5% in the butterfly valves industry between 2025 and 2035. The robust manufacturing sector in Germany, especially in chemicals, automobiles, and power generation, fuels the demand for high performance. Germany's dominance in smart manufacturing and industrial automation is also driving the implementation of IoT-based valves.
Stringent environmental rules in the country, including the EU Industrial Emissions Directive, are encouraging producers to create eco-friendly and power-efficient valve models. Yet high production costs and competition from producers in Asia persist as hurdles. Germany's commitment to innovation and sustainability overall leads it to be a significant butterfly valve industry.
Italy's industry is expected to expand at a CAGR of 5.8% during the forecast period, based on demand from water & wastewater and oil & gas industries. Its large network of water distribution in the country and emphasis on the treatment of wastewater are major growth-inducing factors. Italy's oil & gas industry, specifically along the Mediterranean area, is a source of demand for the industry.
However, the industry is challenged by economic uncertainty and competition from cheap imports. Notwithstanding these challenges, Italy's robust industrial sector and focus on infrastructure development guarantee consistent growth in the industry.
The industry in South Korea is forecast to expand at a CAGR of 6.3% during 2025 to 2035, fueled by demand from the water & wastewater, chemical, and power generation industries.The country's focus on industrial automation and intelligent manufacturing is driving the development of advanced valve technologies.
South Korea's stringent safety and environmental regulations, such as KGS and KOSHA certifications, are also driving demand for excellent valves. Furthermore, the market faces excessive competition and price sensitivity. Despite these drawbacks, South Korea's strong industrial base and focus on innovation ensure consistent industry growth.
Japan's industry is projected to increase at 5.5% during the forecast period, driven by demand from the water & wastewater and chemical industries. Japan's focus on energy conservation and sustainability encourages the adoption of new valve technologies. Additionally, Japan's expansion is hindered by the use of legacy systems and cost sensitivity. In spite of all these issues, Japan's strong industrial foundation and attention to quality ensure consistent demand for its products.
The industry in China is projected to develop at a CAGR of 7.0% during 2025 to 2035 due to high industrialization, urbanization, and infrastructure growth. Water & wastewater and power generation segments in the country are the primary growth drivers.
China's emphasis on intelligent manufacturing and industrial automation is also driving demand for high-end valve technologies. However, the sector faces stiff competition and regulatory barriers. Regardless, China's enormous industrial sector and drive towards innovation ensure the butterfly valve market's strong growth.
Emerson Electric Co.: (15%)
Key Strengths: Emerson is a global market leader in valve technologies and automation solutions. Its innovative products such as IoT-capable, support the oil & gas, power generation, and water & wastewater industries. Strong R&D skills of Emerson combined with its focus on smart valve solutions have helped it gain an enormous share.
Regional Presence: Strong in North America, Europe, and Asia-Pacific.
Flowserve Corporation: (12%)
Major Strengths: Flowserve has a worldwide reputation for producing high-performance, specifically within the oil & gas and chemicals sectors. Its valves have an excellent reputation for being very reliable, highly durable, and for withstanding the most difficult of conditions.
Regional Presence: Strong in North America and Europe, with increasing operations in Asia-Pacific and the Middle East.
Schlumberger Limited: (10%)
Key Strengths: Schlumberger, with its Cameron business, has a focus on oil & gas valves. The companies are extensively utilized in upstream and midstream processes such as pipelines and refineries.
Regional Presence: Well established in North America, the Middle East, and Asia-Pacific.
Velan Inc.: (8%)
Key Strengths: Velan is a world leader in the production of industrial valves, including high-performance. The products of the company are famous for precision engineering and reliability in demanding applications.
Regional Presence: Strong in North America and Europe, with groa wing presence in Asia-Pacific.
IMI plc: (7%)
Key Strengths: IMI is a global leader in fluid control systems with a diversified portfolio of products in power generation, water & wastewater, and chemicals. The company's focus on innovation and sustainability has helped it maintain its leadership position.
Regional Presence: Leading in Europe and North America, with ga rowing presence in Asia-Pacific.
KITZ Corporation: (6%)
Key Strengths: KITZ is one of the leading Japanese valve manufacturers well known for their quality. Its products find extensive use in water & wastewater, chemical, and power generation applications.
Regional Presence: Very strong in Asia-Pacific, particularly Japan and South Korea, with expanding operations in North America and Europe.
Crane Co.: (5%)
Key Strengths: Crane Co. offers a wide range of products across many industries including oil & gas, chemicals, and power generation. The company's valves are well known for their durability and performance in extreme conditions.
Geographic Presence: Well established in North America and Europe, witha growing presence in Asia-Pacific.
The sector is influenced by mamacroeconomicmic drivers like industrialization, urbanization, infrastructure development, and world energy consumption. The industry has showcased resilience and growth on the shoulders of increasing investment in water & wastewater treatment, oil & gas exploration, and power generation facilities.
Urbanization, particularly in developing economies like China, India, and Southeast Asia, has led to mounting demand for efficient water management systems, which has boosted the take-up of products. The worldwide push towards sustainability and energy efficiency has also encouraged the development of new, eco-friendly valve designs, pushing growth further.
Moreover, the sector is confronted with issues like increasing raw material prices, supply chain disruptions, and economic uncertainty. Geopolitical tensions and trade restrictions have caused fluctuations in steel and polymer prices, affecting production costs. In addition, the transition to renewable energy sources can slow demand in conventional sectors like oil & gas in the short term, although it also creates opportunities in new applications like hydrogen and bioenergy.
They find extensive applications in water & wastewater, oil & gas, chemicals, and power generation industries for controlling, isolating, or regulating fluid flow.
Stainless steel, carbon steel, and polymers such as PTFE are common materials used, selected for their strength, corrosion resistance, and application-specific suitability.
Intelligent combines IoT and automation technology to provide remote monitoring, predictive maintenance, and real-time flow control, lowering downtime and expense.
Eccentric is made for high-pressure and high-temperature applications with low wear, whereas centric valves are more basic and economical for low-pressure applications.
The water & wastewater industry is the biggest user, followed by oil & gas, chemicals, and power generation, because of their requirement for efficient and reliable flow control solutions.
With respect to type, it is classified into high-performance and lined.
In terms of mechanism, it is divided into eccentric valves and centric valves.
In terms of function, it is divided into on / off valves and control valves.
In terms of applications, it is divided into oil & gas, water & wastewater, chemicals, power generation, and others.
In terms of region, it is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.
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Butterfly Valves Market
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