According to a market report by Lucintel, the future of the global butterfly valve market looks promising with opportunities in the water & wastewater, oil & gas, energy & power, and chemical markets. The global butterfly valve market is expected to reach an estimated $14.6 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing requirement of stainless steel butterfly valves, rapid adoption of automation in the process industries, and increasing investment in oil & gas refineries and pipelines.

In this market, on/off valve and control valve are the major segments of butterfly valve market by function.

Lucintel forecasts that on/off valve is expected to witness highest growth over the forecast period.

Within this market, oil & gas will remain the largest segment.

Europe is expected to witness highest growth over the forecast period.

Crane, AVK Holding A/S, Alfa Laval, Flowserve, KSB Group, Emerson Electric, The Weir, Curtiss-Wright Corporation, Velan, and Schlumberger are the major suppliers in the butterfly valve market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com