High Performance Butterfly Valve Market

Market Study on High Performance Butterfly Valves: Demand Growth Being Led by Oil & Gas and Chemical Industries

High Performance Butterfly Valve Market Segmented By Lug, Wafer End Connection in Rubber seated BV, Offset HPBV Type in Carbon Steel, Stainless Steel, Nickel, Aluminium, Bronze Material

Market Snapshot

Newly-released data on the high performance butterfly valve market reveals that global sales currently account for around US$ 5.8 Bn, registering a Y-o-Y growth of approximately 6.6%. As of 2020, offset high performance butterfly valves comprise close to 60% market value share, and are projected to register a growth rate of around 7.7% through 2031.

As per the research, Persistence Market Research has anticipated that high performance butterfly valve consumption across the world is expected to witness a CAGR of 8% through the period of 2021-2031. In 2020, high performance butterfly valve sales accounted for approximately 9% to 12% share in the global industrial valve market.

High Performance Butterfly Valve Market Size (2020A)

US$ 5.47 Bn

Projected Year Value (2031F)

US$ 12.5 Bn

Value CAGR (2021-2031)

8%

Collective Value Share: Top 3 Countries (2021E)

47.4%

Find Out More about the Report Coverage

Companies

  • Emerson Electric Co.
  • Butterfly Valve and Control Inc.
  • Valworx Inc.
  • Flowserve Corporation
  • CRANE Supply
  • BRAY
  • Apollo Valves
  • DeZURIK
  • Assured Automation
  • Baker Huges
  • Alfa Europe
  • VALVOMEC SRL
  • MEI VALVOLE Industriali
  • Burkert
  • Actuation Valve
  • JOHNSON Valves
  • NELES Corporation
  • Severn Glocon Global
  • IMI Critical Engineering
  • KB Valves
  • TOMOE Valves
  • Haitima Corp
  • Flowx Smart Control System Co. Ltd.
  • ST&H Corporation
  • SAMSUNG Control Valve
  • NIHON KOSO Co. Ltd.
  • Samson Controls

Sales Analysis of High Performance Butterfly Valves from 2016 to 2020 Vs Market Outlook for 2021 to 2031

Revenue from high performance butterfly valves, including type, end connections, application, and end-use industry collectively totalled US$ 5.47 Bn in 2020. The market witnessed a growth rate of 1.4% from 2016 to 2020. Sluggish growth was mainly due to the COVID-19 pandemic crisis that impacted market growth in 2020.

Increasing industrial infrastructure in many countries is propelling demand for compatible flow control equipment, which has bolstered demand for high performance butterfly valves all over the globe.

High performance butterfly valves have major application in oil & gas and chemical industries. These products have application in entities of liquids, gases, and fluids, and hence play a vital role in regulating and monitoring the flow of liquid. High performance butterfly valves are highly efficient as compared to other valves, and hence, are preferred by many companies and pipeline workers across the globe.

Global demand for high performance butterfly valves is slated to surge at 8% CAGR over the decade, with sales of triple offset butterfly valves, control valves, quarter turn valves, and flow control equipment leading the way.

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What are the Key Opportunities for High Performance Butterfly Valve Manufacturers across the Globe?

Growing demand from the oil & gas and chemical industry across the globe is boosting consumption of high performance butterfly valves.

Asia Pacific is the fastest growing market for high performance butterfly valves, and is expected to generate significant opportunities over the coming years. Rapid industrialization coupled with high disposable income in emerging countries such as India, China, South Korea, and Vietnam are driving the oil & gas, chemicals, and water & wastewater treatment industries, which, in turn, is aiding growth of high performance butterfly valve suppliers.

Furthermore, in Africa, exploration of oil and gas is expected to significantly contribute to global oil supplies, which is expected to create growth opportunities for the target market. Another supporting factor driving demand for high performance butterfly valves is large investments in refineries and pipelines in the oil & gas industry.

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Country-wise Analysis

Why is Germany a Key Market for High Performance Butterfly Valves?

Germany is anticipated to remain one of the prominent markets for high performance butterfly valves, and accounts for around 24.4% share in the sales of high performance butterfly valves across Europe.

With the presence of a strong end-user base in the country coupled with significant growth in disposable income, demand for high performance butterfly valve is going to significantly increase over the coming years. Germany is also one of the leading countries in the chemicals industry, and is anticipated to account for growing high performance butterfly valve shipments over the decade.

How are Sales of High Performance Butterfly Valves Shaping Up in the U.S.?

High performance butterfly valve demand in the U.S. is set to expand at a value CAGR of 7.5% during the forecast period. Across the whole of North America, total sales of high performance butterfly valves are expected to account for 39.9% of the global market share.

Significant growth in industrial infrastructure is one of the key factors fuelling the consumption rate of high performance butterfly valves. Moreover, strong presence of manufacturers in the U.S. has also benefited the sales volume of high performance butterfly valve producers.

Also, the U.S. is the world’s leading country in the production of chemical products, in which, largest concentration of the chemical industry is in its northern part due to high degree of industrial development, large and expanding market, etc., which is bolstering demand for high performance butterfly valves in the region.

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Category-wise Insights

Which End-Use Industry Drives Most Demand for High Performance Butterfly Valves?

Revenue from the water & waste water segment is expected to grow at a robust 3.4% year-over-year in 2021. Huge demand for wastewater treatment projects in end-use industries such as food & beverages, automotive, pharmaceuticals, and chemicals is expected to drive this end-use industry at a CAGR of 8.1% over the forecast period.

Market share of high performance butterfly valves in oil & gas and chemicals industries is significant. The reason behind increasing sales of high performance butterfly valves is large number of piping systems in oil & gas as well as chemical industries and the need for precise control valves for regulation purposes.

Another factor for sales growth of high performance butterfly valves is that many industries are moving toward automation, and high performance butterfly valves fulfil this need precisely with each & every industry standard.

Which Application of High Performance Butterfly Valves is Most Popular?

High performance butterfly valves are used for regulating various kinds of liquids and gases in various end-use industries such as oil & gas, chemicals, power generation, water and waste water projects, metal & mining, pharmaceuticals, food & beverages, and pulp & paper.

The most popular high performance butterfly valve application amongst these is the regulation of liquid flow in piping systems and pumps in petroleum refineries and chemical processing.

The water treatment segment is expected to expand at the highest CAGR of 8.2%, owing to increasing capital investments in water & waste water treatment plants.

Competitive Landscape

Moving forward into 2022, companies are continuously exploring possible acquisition opportunities and striving to be at the forefront to tackle market challenges. This is done through expanding operations in new oil and gas regions and emerging markets. Aiming to achieve a higher market share, manufacturers are steadily advancing the design of butterfly valves to cater to each end user’s requirements.

For instance, Emerson’s butterfly valve product portfolio is suitable for a diverse range of industries, including chemicals, petrochemicals, oil and gas, power, institutional, pulp and paper, and general industrial applications.

Also, Valworx announced a launch of its new line of electric actuators “5618a Series”, which are available all types of valves.

Similarly, other key developments related to companies manufacturing high performance butterfly valves have been tracked by the team at Persistence Market Research, which are available in the full report.

High Performance Butterfly Valve Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

  • US$ Mn for Value
  • (‘000 Units) for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • South Africa

Key Market Segments Covered

  • End Connection
  • Type
  • Application
  • End-use Industry
  • Region

Key Companies Profiled

  • Emerson Electric Co
  • Flowserve Corporation
  • Bray International, Inc.
  • Crane Co
  • Neles Corporation
  • Baker Hughes
  • DeZURIK
  • Alfa Europe
  • Forum Energy Technologies, Inc.
  • Severn Glocon Global
  • Haitima Corporation
  • IMI Critical Engineering
  • JOHNSON Valves
  • KB VALVE TECHNOLOGY CO., LTD.
  • NIHON KOSO CO., LTD.
  • ST&H Corporation
  • TOMOE Valves
  • Valworx Inc
  • Samson Controls

Pricing

Available upon Request

Key Segments Covered in High Performance Butterfly Valve Industry Research

High Performance Butterfly Valve Market by End Connection

  • Lug
  • Wafer
  • Others

High Performance Butterfly Valve Market by Type

  • Rubber seated BV
  • Offset HPBV

High Performance Butterfly Valve Market by Material

  • Carbon Steel High Performance Butterfly Valves
  • Stainless Steel High Performance Butterfly Valves
  • Nickel High Performance Butterfly Valves
  • Aluminium High Performance Butterfly Valves
  • Bronze High Performance Butterfly Valves

High Performance Butterfly Valve Market by Application

  • High Performance Butterfly Valves for Power Plants
  • High Performance Butterfly Valves for Petroleum Refineries
  • High Performance Butterfly Valves for Chemical Processing
  • High Performance Butterfly Valves for Water Treatment

High Performance Butterfly Valve Market by End-use Industry

  • High Performance Butterfly Valves for Oil & Gas
  • High Performance Butterfly Valves for Electric Power
  • High Performance Butterfly Valves for Water & Waste Water
  • High Performance Butterfly Valves for Chemicals
  • Others

High Performance Butterfly Valve Market by Region

  • North America High Performance Butterfly Valve Market
  • Latin America High Performance Butterfly Valve Market
  • Europe High Performance Butterfly Valve Market
  • East Asia High Performance Butterfly Valve Market
  • South Asia & Pacific High Performance Butterfly Valve Market
  • Middle East & Africa High Performance Butterfly Valve Market

- FAQs -

The global high performance butterfly valve market grew sluggishly at a CAGR of 1.4% from 2016 to 2020.

Global sales of high performance butterfly valves are set to surge at 8% CAGR and be valued at US$ 12.5 Bn by 2031.

North America currently leads the global market for high performance butterfly valves, with more than 1/3 global market share.

Wafer type high performance butterfly valves are highly-sought-after for many applications.

High performance butterfly valves are widely used for the regulation of flow of liquid in piping systems, specifically in oil & gas and chemical industries.

Growing demand from oil & gas, chemicals, and power generation industries and increased investments in water & wastewater treatment projects to remain key growth factors for the market.

Some of the leading companies manufacturing high performance butterfly valves include Emerson Electric Co., The Flowserve Corporation, Crane Co., Baker Hughes, Forum Energy Technologies Inc., and Neles Corporation.

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