Butterfly Valve Market Poised for Growth with Smart Valve Integration
The global butterfly valve market size was estimated at USD 12.12 billion in 2024 and is projected to reach USD 15.78 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. The market's growth is primarily driven by strong demand from the oil and gas sector. Butterfly valves are extensively deployed across upstream, midstream, and downstream processes for isolating and regulating fluid flow. As global energy demand rises, particularly in emerging economies, there is a significant uptick in oil and gas exploration and production activities. This has fueled the need for compact, reliable, and cost-efficient flow control devices such as butterfly valves. Additionally, modernization efforts and increasing automation in oil and gas infrastructures are further propelling market expansion. Rising investments in water treatment and wastewater management are also key drivers. Both public and private stakeholders are focusing on enhancing water infrastructure to suppor...