Butterfly Valve Market Size

Butterfly Valve Market size was valued at USD 8.22 billion in 2024 and is anticipated to reach USD 20.7 billion by the end of 2037, expanding at around 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of butterfly valve is assessed at USD 8.71 billion. The growth of the market can be attributed primarily to the increasing crude oil and gas extraction worldwide. For instance, crude oil extraction accounted for 34 million metric tonnes (MMT) in the financial year 2018-19 in India.

Butterfly valves are three-way, rotary valves that are used for starting, regulating, and stopping gas or liquid flow through pipes. The actuator is made up of two semi-circular plates hinged at the center, a seal, stem, disc, handles and gears, and an actuator. This device is extremely reliable, economical, and requires little maintenance, and has a wide range of applications in the power generation industry, the oil and gas industry, and others. Moreover, a rise in butterfly valve production using 3D printing, combined with industrial Internet of Things (IIoT) for improved performance is further expected to drive market growth during the forecast period.