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市場調查報告書
商品編碼
1792579
2025 年至 2033 年蝶閥市場規模、佔有率、趨勢及預測(按產品類型、材料類型、設計、功能、最終用途行業和地區)Butterfly Valve Market Size, Share, Trends and Forecast by Product Type, Material Type, Design, Function, End-Use Industry, and Region, 2025-2033 |
2024年,全球蝶閥市場規模為115億美元。展望未來, IMARC Group估計,到2033年,市場規模將達到172億美元,2025年至2033年期間的複合年成長率為4.06%。亞太地區目前佔據市場主導地位,2024年的市佔率將超過38.43%。該地區市場主要受到水和能源管理行業投資增加、工業化進程加快以及基礎設施項目激增的影響。
全球蝶閥市場的主要驅動力來自於關鍵產業(主要包括發電、石油天然氣和水處理)對高效能流量控制系統日益成長的需求。閥門技術的革命性創新,包括使用壽命和密封性的提升,正在提升關鍵操作的使用率。此外,工業領域對自動化的日益重視以及智慧閥門在提升營運效率方面的顯著應用,進一步促進了市場擴張。此外,能源領域投資的增加和基礎設施項目的激增也刺激了對蝶閥的需求。此外,蝶閥在各種環境下的多功能性和成本效益使其成為現代工業應用的理想選擇。
美國在全球蝶閥市場中扮演著重要角色,這得益於其先進的工業基礎設施以及石油天然氣、水處理和發電等關鍵產業的強勁需求。市場受益於採用符合嚴格監管和營運標準的高性能閥門。此外,材料和智慧閥門技術的創新也進一步促進了成長。此外,人們對永續性和高效流體控制系統的日益關注,也支持了蝶閥在現代應用中的應用,鞏固了美國在全球市場中的關鍵地位。例如,2024年1月,總部位於美國的知名蝶閥製造商艾默生推出了與蝶閥相容的Fisher easy-Drive 200R電動致動器。即使在石油天然氣等產業經常面臨的嚴苛條件下,尤其是在寒冷偏遠地區,該執行器也能提供可靠、精確的效能。與此類閥門整合後,它可以提高性能,最大限度地延長正常運行時間,並最大限度地降低通常與燃氣驅動系統相關的排放風險。
工業化進程的加速以及石油和天然氣行業自動化趨勢的上升是推動市場成長的主要因素之一。蝶閥廣泛用於從煉油廠、油庫和油庫提取原油和天然氣。它們也用於提高工業生產過程的營運效率。此外,發展中國家對發電的投資增加預計也將促進市場成長。據報道,印度發電產業裝置容量為 410,339.23 兆瓦,提供 831 個投資機會,總價值 3,422.1 億美元。到 2029-30 年,非化石燃料電力佔比預計將達到 64%,這一成長將刺激對關鍵基礎設施(包括蝶閥)的需求。以高能源效率為特徵的智慧城市的興起正在推動蝶閥的普及。同時,對不銹鋼型號的需求也在增加,因為它們能夠承受高壓且維護成本極低。這些閥門重量輕、結構緊湊、操作經濟高效,非常適合紙漿和造紙製造、燃料系統以及冷凍和空調等暖通空調系統等應用。此外,閥門生產中的3D列印技術以及整合工業物聯網(IIoT)技術以提高營運性能等進步預計將進一步推動蝶閥市場的成長。
The global butterfly valve market size was valued at USD 11.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 17.2 Billion by 2033, exhibiting a CAGR of 4.06% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 38.43% in 2024. This regional market is chiefly impacted by amplifying investments in water and energy management industries, bolstering industrialization, and proliferating infrastructure ventures.
The global butterfly valve market is majorly propelled by accelerating requirement for effective flow control systems in crucial sectors, mainly power generation, oil and gas, or water treatment. Revolutionary innovations in valve technology, encompassing improved longevity and sealing, are boosting utilization across crucial operations. Moreover, the fueling emphasis on automation in industrial setting and the notable incorporation of smart valves to enhance operational efficacy further bolster market expansion. In addition, elevating investments in energy segments and proliferating infrastructure ventures also foster the fueled need for butterfly valves. Furthermore, their versatility and cost-efficiency across varied environments position them as an ideal option in modern industrial functions.
The United States plays a significant role in the global butterfly valve market, driven by its advanced industrial infrastructure and robust demand across key sectors such as oil and gas, water treatment, and power generation. The market heavily benefits from the adoption of high-performance valves tailored for stringent regulatory and operational standards. Besides this, innovations in materials and smart valve technologies further bolster growth. In addition to this, the rising focus on sustainability and efficient fluid control systems supports the adoption of butterfly valves in modern applications, reinforcing the United States' position as a critical market in the global landscape. For instance, in January 2024, Emerson, a U.S.-based prominent butterfly valves manufacturer, launched Fisher easy-Drive 200R Electric Actuator, compatible with butterfly valves. The actuator delivers reliable and accurate performance, even in challenging conditions often faced in sectors such as oil and gas, especially in cold, isolated regions. When integrated with such valves, it enhances performance, maximizes uptime, and minimizes emission risks typically associated with gas-powered systems.
Growing industrialization, along with the rising trend of automation in the oil and gas industry, is one of the primary factors fueling the market's growth. Butterfly valves are extensively used in the extraction of crude oil and gas from refineries, oil terminals and depots. They are also utilized to enhance the operational efficiency of the industrial production process. Furthermore, increasing investments for power generation in developing nations are also expected to catalyze the market growth. According to reports, India's Electricity Generation sector, with an installed capacity of 410,339.23 MW, offers 831 investment opportunities valued at USD 342.21 Billion. As non-fossil fuel electricity is set to reach 64% by 2029-30, this growth boosts demand for critical infrastructure, including butterfly valves. The rise of smart cities, characterized by high energy efficiency, is boosting the adoption of butterfly valves. Simultaneously, the demand for stainless steel models is increasing due to their ability to endure high pressures while requiring minimal maintenance. These valves are lightweight, compact, and cost-effective to operate, making them ideal for applications such as pulp and paper manufacturing, fuel systems, and HVAC systems like refrigeration and air conditioning. Additionally, advancements like 3D printing in valve production and the integration of Industrial Internet of Things (IIoT) technologies to enhance operational performance are expected to further propel the butterfly valve market growth further.
High performance valve stands as the largest product type in 2024, holding around 64.5% of the market. This is attributed to their preeminent ability to operate under elevated temperature and pressure conditions. Such valves are comprehensively leveraged in applications demanding dependable sealing and accurate flow control, especially in industries like energy production, chemical manufacturing, and oil and gas. Moreover, their cutting-edge design facilitates reduced leakage, even in challenging parameters, establishing them as vital component for crucial operations. Furthermore, with rapid increase in industrialization and requirement for efficacy-driven solutions, producers are emphasizing on improving both the performance and durability of such valves through advanced technologies. The amplifying focus on operational dependability and safety further strengthens high-performance valves as the key product type in the global market.
Stainless steel leads the market with around 36.8% of market share in 2024. This is owned to its superior longevity, robustness, and resistance against corrosion. It is especially preferred in sectors dealing with and demanding operational ecosystems, aggressive or corrosive chemicals, and elevated temperatures. Furthermore, the material's resilience and capability to endure vigorous conditions make it preferable option for utilization in chemical processing or oil and gas industries. In addition, stainless steel valves provide compatibility with both low-pressure and high-pressure systems, facilitating flexibility across wide range of applications. Moreover, heavy investments in industrial and infrastructure ventures worldwide are significantly bolstering the deployment of stainless steel butterfly valves, as they offer a cost-efficient solution with reduced maintenance requirements, sustaining their position as an ideal material in the market.
Double-eccentric butterfly valve leads the market with around 37.1% of market share in 2024. These valves offer enhanced sealing performance and reduced wear and tear due to their unique offset design, which minimizes contact between the disc and seat. This makes them suitable for demanding applications where reliability and operational efficiency are paramount like in power generation plants, water purification facilities, and petroleum refineries. Moreover, the double-eccentric design also enables quick and easy operation, reducing downtime and improving process efficiency. Furthermore, as industries prioritize sustainability and operational precision, the demand for these valves continues to grow, reinforcing their leadership within the design segment of the global butterfly valve market.
On/Off valve stand as the largest component in 2024, holding around 62.48% of the market. This domination pertains to their high dependability and less complexity. These valves are designed to either completely stop or allow flow, making them essential in applications requiring straightforward flow control. Furthermore, industries such as water treatment, HVAC, and chemical processing heavily rely on these valves for their ease of use and low maintenance. Their compatibility with automation systems further enhances their efficiency in modern industrial settings. In addition to this, the growing need for cost-effective and dependable solutions for flow management across multiple industries solidifies on/off valves as the dominant functional segment within the butterfly valve market.
Oil and gas industry leads the market with around 25.82% of market share in 2024. This is due to its extensive need for flow control solutions in upstream, midstream, and downstream operations. Butterfly valves are widely used in pipeline systems, refining processes, and storage facilities for their capability to manage high pressure and temperature fluctuations effectively. Moreover, the industry's continuous expansion, driven by rising energy demand and investments in exploration and production activities, significantly contributes to the growth of this segment. Additionally, stringent safety regulations and the necessity for reliable equipment in hazardous environments make butterfly valves a preferred choice in the oil and gas sector, ensuring their dominance in the end-use industry segment.
In 2024, Asia-Pacific accounted for the largest market share of over 38.43%. In the Asia-Pacific region, economic growth is a key driving factor for the butterfly valve market, particularly in emerging economies like China and India. The expanding industrial sector, including manufacturing, chemical processing, and power generation, drives the demand for fluid control solutions such as butterfly valves. The rapid urbanization and industrialization in these countries result in increased investments in infrastructure projects, particularly in water and wastewater management systems, where reliable valve systems are crucial. Additionally, the rising demand for energy, particularly in renewable energy sectors like solar and wind, has led to increased demand for high-performance valves in power plants. According to ITA, India, the third-largest energy consumer, aims to achieve 500 GW of non-fossil energy capacity by 2030, with renewable energy comprising 50% of its energy mix. This transition to renewables enhances the need for reliable components, such as butterfly valves, to support energy systems, ensuring efficient fluid and gas flow management in renewable energy plants. Technological advancements in valve materials, such as corrosion-resistant alloys and durable elastomers, also play a role in expanding the market. Government initiatives and regulations aimed at enhancing energy efficiency and environmental protection further boost the adoption of butterfly valves. Additionally, the increasing focus on industrial automation, with the integration of smart valves and control systems, is set to drive the market in the region, as industries seek to improve efficiency and reduce operational costs.
United States Butterfly Valve Market Analysis
In 2024, United States accounted for the 82.50% of the market share in North America. The growth of the butterfly valve market in the United States is driven by the growing need for energy-saving solutions in sectors like oil and gas, chemical processing, and water treatment. The country's extensive infrastructure development, along with a push for modernization in utilities and industrial applications, fuels the need for advanced valve systems. For instance, in September 2023, the USD 25 Trillion U.S. economy, supported by aging infrastructure, is benefiting from the largest federal investment in decades through the bipartisan infrastructure law, boosting sectors like butterfly valves essential for modernizing water systems, electrical grids, and transportation networks. Regulatory standards and safety protocols also contribute to market expansion, as companies adopt high-quality butterfly valves to ensure compliance with environmental and operational standards. Moreover, the demand for automation in manufacturing plants and pipelines enhances the market's growth, as butterfly valves offer quick, reliable control of fluid flow. The rising focus on sustainable practices and energy conservation within industries encourages the adoption of energy-efficient valve technologies. Technological advancements in valve design and materials also play a pivotal role, as manufacturers introduce corrosion-resistant and high-performance valves, further boosting their application in various sectors. The country's robust industrial sector, along with increased investments in water infrastructure and waste management systems, is expected to continue driving the growth of the butterfly valve market in the United States.
Europe Butterfly Valve Market Analysis
In Europe, the adoption of butterfly valves is primarily driven by stringent environmental regulations and the industrial focus on sustainability. The chemical and pharmaceutical sectors demand high-performance valves for managing hazardous and high-purity substances under controlled conditions. European manufacturers butterfly valves for their compact design and operational efficiency, which align with space and energy-saving objectives. The pulp and paper industry is another significant user, as these valves are ideal for handling slurry and fibrous materials with minimal wear and maintenance. The increasing investment in desalination plants to address water scarcity concerns has further boosted demand for corrosion-resistant butterfly valves capable of withstanding saline environments. Moreover, the food processing sector has a strong requirement for sanitary butterfly valves, designed to ensure compliance with hygiene standards and facilitate easy cleaning. The focus on transitioning to advanced manufacturing technologies has led to the integration of smart valve systems that support data-driven operational optimization in European facilities. The adoption of butterfly valves in power generation, particularly in hydropower and thermal plants, is supported by their efficiency in controlling high-capacity fluid flow. According to EU, In 2022, the EU's net electricity generation dropped by 3.1% to 2,701 TWh, 5.0% below its 2008 peak of 2,844 TWh, emphasizing efficiency needs where butterfly valves enhance power plant performance by optimizing flow control and reducing energy losses. With a strong emphasis on operational longevity and reduced environmental impact, butterfly valves remain a critical component in Europe's industrial landscape.
Latin America Butterfly Valve Market Analysis
Latin America's demand for butterfly valves is propelled by its flourishing industrial processing sectors. The mining industry relies on these valves for handling abrasive and slurry applications in ore processing. For instance, in May 2024, Latin America, holding 58.4% of global lithium reserves, remains a mining hotspot despite economic and social challenges, with USD 19.3 Million tons of lithium resources in Argentina alone. Butterfly valves benefit significantly from the mining boom by enabling precise flow control in lithium extraction processes, aligning with rising demands and energy transition goals. The rise of beverage and food industries has also increased the need for hygienic and corrosion-resistant valve options to maintain operational compliance. Furthermore, pulp and paper manufacturing industries require robust flow control solutions for high-capacity applications, making butterfly valves an optimal choice. The focus on improving industrial productivity and reducing maintenance costs has driven manufacturers to adopt reliable and lightweight valves. These factors collectively drive the utilization of butterfly valves across key sectors in Latin America.
Middle East and Africa Butterfly Valve Market Analysis
In the Middle East and Africa, butterfly valve adoption is fuelled by the region's emphasis on efficient fluid control across various industrial applications. The oil and gas sectors prioritize these valves for their ability to operate under extreme conditions while minimizing leakage risks in pipelines. For instance, in January 2024, Saudi Arabia's vast oil and gas sector, holding 17% of global petroleum reserves and producing 13.6 mmbpd in 2022, highlights robust investment in cleaner energy and technologies like CCUS. This environment drives demand for butterfly valves, essential for efficient fluid control in oil, gas, and petrochemical processes, aligning with Saudi Aramco's USD 161.1 Billion net income and ambitious capital programs. Agricultural irrigation systems, crucial for water conservation efforts, also rely on durable butterfly valves for precise flow regulation. The industrial manufacturing landscape demands cost-effective and adaptable solutions, further enhancing the appeal of butterfly valves in production lines. Additionally, the growing focus on localized industrialization has prompted the adoption of versatile valve technologies that can be integrated into diverse systems. By addressing the needs of high-temperature and large-scale operations, butterfly valves remain an essential tool in the region's industrial advancements.
The competitive landscape is represented by the robust establishment of key players actively emphasizing on tactical collaborations, advancements, and product augmentation to fortify their market position. For instance, in November 2024, Heap & Partners Ltd unveiled its latest Phase Butterfly Valve Range. This proud line envelops high performance triple offset butterfly valves, concentric butterfly valves, and double offset butterfly valves. Besides, several companies are utilizing innovations in valve materials and technology to improve accuracy, effectiveness and durability. Furthermore, industry leaders are rapidly utilizing digital monitoring systems and automation to cater to the trends of industrial modernization. Regional players also elevate competition significantly by aligning with the local needs and providing cost-competitive services. In addition, partnerships, mergers, and acquisitions remain crucial tactics to proliferate product portfolio and geographical foothold. Moreover, with magnifying need across key industries, such as power generation, oil and gas, and water treatment, the market portrays optimistic competition boosted by technological revolution and end-user demands.