According to FMI, the butterfly valves market will be worth US$ 10.3 billion in 2023, and US$ 19.4 billion by 2033. Sales of butterfly valves are projected to increase by 6.5% over the projection period.
With the growth of technology and innovations in the industrial automation market, the demand for butterfly valves is expected to increase. For example, NelesTM NeldiscTM metal-seated and JamesburyTM Wafer-SphereTM soft-seated butterfly valves are designed for long-term performance. Soft-seated and metal-seated butterfly valves are both part of a wide range. Control valves and on-off applications benefit from the industry’s top butterfly valves with SIL3 certification.
The devices have wide applications in various process media and industries, particularly in water treatment, distribution, collection, and pump stations, particularly in flow isolation. As a result of their simple construction, compactness, and smaller installation footprints, they perform faster than other valve families and are lighter in weight and cost.
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There are significant advantages to using butterfly valves in certain applications, especially when the dimension exceeds 200 mm (DN 200) in size:
- Due to their compact designs and ease of installation demand is set to expand.
- Their inherently simple and economical design eliminates many wear points by having fewer components.
- Butterfly valves are often more economical than other valve types due to their simpler design and simpler manufacturing process.
- The butterfly valve is widely used in a variety of applications, including underground installation
Key Takeaways from the Butterfly Valve Market:
- Based on FMI research, the United States is projected to hold almost 78.70% of the global market in 2033.
- Butterfly valve sales in South Korea are expected to grow at a CAGR of 6.2% by 2033.
- In 2023, it is anticipated that the butterfly valve sector in China will hold a market share of 42.2%.
- Butterfly valves in Japan are predicted to grow at a CAGR of 6.4% over the forecast period.
- By 2033, the high-performance segment of the butterfly valve market is predicted to command nearly 6.4% of the market’s CAGR.
- By 2033, the eccentric valve mechanism will dominate the butterfly valve industry with a CAGR of roughly 6.3%.
How Key Players are transforming the Manufacturing of Butterfly Valves?
Butterfly valves are competitively priced and are offered by a wide variety of global manufacturers. Market leaders include
- Alfa-Laval Corporate AB
- AVK Group
- Cameron
- Crane Co.
- Curtiss-Wright Corporation
- Emerson Electric Co.
- Flowserve Corporation
- KSB Group
- Velan Inc.
- Weir Group
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Recent Developments
- In May 2023, ChargePoint Technology and Famat Sampling will collaborate to address one of the toughest containment problems in the industry. A pharmaceutical supplier has developed a valve solution that allows operators to keep sterile integrity during production while taking a product sample for quality analysis. A highly potent and sterile powder sample can be taken using ChargePoint Technology’s split butterfly valve combined with Famat Sampling’s 125-TC/OEL valve.
- In June 2023, Munson Machinery, Utica, New York, USA, will release the VB-1-S316, a 28-liter Vee Cone Blender designed to blend uniformly within 15-30 minutes with minimal degradation of products. Blenders are constructed of 316 stainless steel, which can be finished for use in food, dairy, pharmaceutical, or industrial industry applications.
