Ball Valves Market Size, Share, Trends, Growth 2032

Ball Valves Market

Ball Valves Market By Material Type (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Brass, Bronze, and Others), By Valve Type (Trunnion Mounted, Floating, and Rising Stem), By Valve Size (Up To 1”, Between 1” and 6”, Between 6” and 25”, Between 25” and 50”, and More Than 50”), By End-Use Industry (Food & Beverages, Oil & Gas, Chemicals, Energy & Power, Water & Wastewater Treatment, Construction, Pulp & Paper, Pharmaceuticals, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-4326 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 11.88 Billion USD 16.40 Billion 3.65% 2023

The global ball valves market size was evaluated at $11.88 billion in 2023 and is slated to hit $16.40 billion by the end of 2032 with a CAGR of nearly 3.65% between 2024 and 2032.

The study includes the drivers and restraints of the ball valves market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the ball valves market on a global level.

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Ball Valves Market: Growth Factors

A ball valve is a sphere-shaped closing device that offers on/off flow control. These ball valves are utilized across various end-use industries to control operational conditions, such as transmission and storage, gas processing, industrial, etc.

The global ball valves market is likely to experience significant growth over the forecast time period, owing to the growing number of expansions witnessed by the energy and power, robust industrialization, and substantial technological developments regarding the use of mechanical engineering-based procedures. Rising investments in process industries, such as oil and gas, energy and power, petrochemical, food and beverages, and pharmaceutical, are anticipated to further propel the ball valves market globally in the years to come.

However, the lack of standardization of certifications and policies may hamper the ball valves market development globally. Conversely, the escalating demand by various industries for IoT and Industry 4.0 architecture in emerging countries is likely to offer new opportunities for the major market players.

In order to give the users of this report a comprehensive view of the ball valves market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product offering launch, agreements, partnerships, collaborations, and joint ventures, research & development, product offering, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

Ball Valves Market: Segmentation

The study provides a crucial view of the ball valves market by segmenting it based on material type, valve type, valve size, end-use industry, and region.

Based on Material Type, the ball valves market includes stainless steel, cast iron, alloy based, cryogenic, brass, bronze, and others.

Based on Valve Type, the global market includes rising stem, floating, and trunnion mounted.

Based on Valve Size, the ball valves market comprises up to 1”, between 1” and 6”, between 6” and 25”, between 25” and 50”, and more than 50”.

Based on End-Use Industry, segment is classified into oil and gas, food and beverages, energy and power, chemicals, construction, water and wastewater treatment, pharmaceuticals, pulp and paper, and others. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Ball Valves Market: Regional Insights

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2018, Asia Pacific was the largest ball valves market globally. This growth can be principally attributed to the numerous initiatives taken by the different regional governments to encourage the implementation of IoT in companies across the region. Moreover, the Asia Pacific ball valves market is anticipated to be the fastest growing market globally over the next few years, owing to the increasing demand for ball valves, especially from food and beverage, energy and power, pharmaceutical, water and wastewater, and chemical industries. North America is a developed ball valves market, as ball valves are used in advanced safety systems across end-user industries.

Ball Valves Market: Competitive Space

The global ball valves market profiles key players such as:

  • Flowserve Corporation
  • Emerson Electric
  • Crane
  • Cameron–Schlumberger
  • Kitz Corporation
  • IMI PLC
  • Neway Valves
  • Metso
  • Weir Group
  • Velan
  • Astech Valve
  • Conbraco Industries
  • Christian Bürkert

This report segments the global ball valves market into:

Global Ball Valves Market: Material Type Analysis

  • Stainless Steel
  • Cast Iron
  • Alloy Based
  • Cryogenic
  • Brass
  • Bronze
  • Others

Global Ball Valves Market: Valve Type Analysis

  • Trunnion Mounted
  • Floating
  • Rising Stem

Global Ball Valves Market: Valve Size Analysis

  • Up to 1”
  • Between 1” and 6”
  • Between 6” and 25”
  • Between 25” and 50”
  • More Than 50”

Global Ball Valves Market: End-Use Industry Analysis

  • Food and Beverages
  • Oil and Gas
  • Chemicals
  • Energy and Power
  • Water and Wastewater Treatment
  • Construction
  • Pulp and Paper
  • Pharmaceuticals
  • Others

Global Ball Valves Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

In numerous industries, ball valves, which are a form of quarter-turn valve, are utilized to regulate the flow of fluids (liquids or gases) through a pipeline. The flow is regulated by the spherical or ball-shaped closure element contained within the valve body, hence their nomenclature. By virtue of its central aperture or port, the ball is in alignment with the conduit to permit fluid to traverse while the valve is in an open state, while it obstructs the flow when the valve is closed.

In sectors including water and wastewater treatment, power generation, petrochemicals, oil and gas, and chemical processing, the demand for ball valves is highly correlated with industrial expansion and infrastructure development. The expansion of these sectors, propelled by expanding the global economy, urbanization, and energy requirements, has the potential to augment the need for ball valves.

The global ball valves market size was evaluated at $11.88 billion in 2023 and is slated to hit $16.40 billion by the end of 2032.

The global ball valves market with a CAGR of nearly 3.65% between 2024 and 2032.

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Some major players of the global ball valves market are Flowserve Corporation, Emerson Electric, Crane, Cameron–Schlumberger, Kitz Corporation, IMI PLC, Neway Valves, Metso, Weir Group, Velan, Astech Valve, Conbraco Industries, and Christian Bürkert.

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