What is the global market trend for butterfly valves

From the perspective of market size, the global butterfly valve market is showing steady growth, regional differentiation, and structural upgrading trends, driven by the transformation of new energy, strengthening of environmental policies, and accelerated industrialization in emerging markets.

The global butterfly valve market is expected to reach approximately 8.5 billion US dollars in 2023, accounting for 15% -20% of the total industrial valve market, with the highest proportion in the Asia Pacific region (45%). It is expected that the CAGR will reach 5.2% from 2024 to 2030, and the market size will exceed 12 billion US dollars by 2030, driven by new energy investment, environmental policies, and infrastructure updates.

Regional market differentiation is evident: Asia Pacific is the core growth engine, China is the world's largest producer, and demand for new energy and environmental protection is rapidly increasing; India accelerates the localization of medium and low pressure butterfly valves; Southeast Asia attracts Chinese valve companies to export. Europe and North America dominate the high-end market, with Europe benefiting from the transition to green energy and North America driving demand due to the recovery of oil and gas extraction activities. The potential of Latin America and the Middle East is unleashed, but they are respectively affected by political risks and regional economic stability.

In terms of changes in segmented market structure, according to product types, high-pressure/ultra-high pressure butterfly valves have the fastest growth rate, while intelligent butterfly valves have a significant growth rate; By application field, new energy has the fastest growth rate and water treatment accounts for the highest proportion.

The market is facing challenges such as supply chain volatility, trade policy uncertainty, and threats of technological substitution.

In the future, the fields of new energy and environmental protection will continue to make efforts, and the demand for butterfly valves in the hydrogen energy industry chain will grow exponentially; The regional market differentiation is intensifying, and the market share in the Asia Pacific region will exceed 50%, but the high-end market is still dominated by Europe and America; The rise of intelligence and full lifecycle services will significantly increase the proportion of intelligent butterfly valves.

In short, the global butterfly valve market will continue to expand, with growth momentum shifting towards new energy and environmental protection. Enterprises need to address challenges and seize growth opportunities through technological innovation, supply chain diversification, and localized production.