Ball Valves Market by Types (Floating Ball Valve, Rising Stem Ball Valve, Trunnion-mounted Ball Valves), Material (Alloy Based, Cast Iron, Cryogenic), Size, Industry - Global Forecast 2024-2030

Ball Valves Market by Types (Floating Ball Valve, Rising Stem Ball Valve, Trunnion-mounted Ball Valves), Material (Alloy Based, Cast Iron, Cryogenic), Size, Industry - Global Forecast 2024-2030


The Ball Valves Market size was estimated at USD 12.86 billion in 2023 and expected to reach USD 13.56 billion in 2024, at a CAGR 5.84% to reach USD 19.15 billion by 2030.

Ball valves are quarter-turn valves that use a hollow, perforated, and pivoting ball to control flow. They are considered one of the most reliable valve types and are commonly used in various industries to control the flow of liquids, gases, and slurries. The valve's simplicity, durability, and reliability make it commonly used in industrial and domestic applications. Ball Valves have a wide application range due to their function and design versatility. Some of the prevalent applications include flow control processes in the oil and gas sector, chemical storage and transportation systems, water and wastewater management facilities, and processed food & beverage systems. The increase in global industrialization and urbanization, advancements in technology leading to improved valve designs and materials, and government regulations and safety norms pushing for more reliable flow control solutions have driven the growth and adoption of ball valves. However, fluctuating raw material prices affect the cost of ball valve production, and several operational issues in extreme conditions affect the durability and performance of ball valves. However, manufacturers have invested in developing smart valves with IoT connectivity, which can facilitate better flow monitoring and control and create new opportunities for growth for the industry. Furthermore, research into additive manufacturing processes to create complex and customized valve designs also fuels the industry's progress.

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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for automated valves in the industrial sector
5.1.1.2. Expansion of oil & gas plants with the rising demand for ball valve installation
5.1.1.3. Government initiatives for water & wastewater treatments
5.1.2. Restraints
5.1.2.1. Presence of alternatives to ball valves
5.1.3. Opportunities
5.1.3.1. Innovation and advancements in the designs of ball valves
5.1.3.2. Implementation of 3D printing technologies for manufacturing ball valves
5.1.4. Challenges
5.1.4.1. Failures and malfunctions of ball valves
5.2. Market Segmentation Analysis
5.2.1. Material: Adoption of alloy-based material in harsh environments
5.2.2. Types: Advancements to improve the performance of floating ball valves
5.2.3. Size: Expanding utilization of 1” to 5” in HVAC systems and solutions to achieve efficiency
5.2.4. Industry: Expansion and investments in oil & gas infrastructure necessitating deployment of ball valves
5.3. Market Trend Analysis
5.3.1. Well-developed ball valves market in the Americas characterized by exponential end-use demand with new energy projects and presence of large-scale companies
5.3.2. Significant growth potential in APAC region backed by increasing demand from manufacturing and oil & gas industry and supportive regulatory framework in the region
5.3.3. Ball valves production in Europe is characterized by innovation and a favorable business environment supported by a comprehensive regulatory framework and investments in green technologies
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Ball Valves Market, by Types
6.1. Introduction
6.2. Floating Ball Valve
6.3. Rising Stem Ball Valve
6.4. Trunnion-mounted Ball Valves
7. Ball Valves Market, by Material
7.1. Introduction
7.2. Alloy Based
7.3. Cast Iron
7.4. Cryogenic
7.5. Steel
8. Ball Valves Market, by Size
8.1. Introduction
8.2. 1” to 5”
8.3. 25” to 49”
8.4. 50” & Larger
8.5. 6” to 24”
8.6. Up to 1”
9. Ball Valves Market, by Industry
9.1. Introduction
9.2. Agriculture
9.3. Building & Construction
9.4. Chemicals
9.5. Energy & Power
9.6. Food & Beverages
9.7. Metals & Mining
9.8. Oil & Gas
9.9. Pharmaceuticals
9.10. Pulp & Paper
9.11. Water & Wastewater Treatment
10. Americas Ball Valves Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Ball Valves Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Ball Valves Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. SAPAG VALVES Expands Middle East Presence with New Dubai Office
13.3.2. Valmet to Deliver Valve Solutions to Sibanye-Stillwater’s Keliber Lithium Refinery in Kokkola, Finland
13.3.3. KITZ Launches PFA Lined Diaphragm Valves
13.3.4. The Collins Companies Acquires Washburn‐Garfield & Waites Company
13.3.5. Flow Control Holdings Acquires Strahman Holdings
13.3.6. Expro Wins Work on Well Abandonment Campaign Offshore UK
13.3.7. OLAB’s New CO2 Ball Valve Designed to Prevent Leaks
13.3.8. Flowserve Introduces Reduced Port Flanged Ball Valves
13.3.9. Trillium Flow Technologies Acquires Coulter Valve Service
13.3.10. Flomatic Introduces 8-Inch AIS Compliant Model 408S6 Stainless Steel Ball Check Valve
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio
FIGURE 1. BALL VALVES MARKET RESEARCH PROCESS
FIGURE 2. BALL VALVES MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL BALL VALVES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL BALL VALVES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL BALL VALVES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. BALL VALVES MARKET DYNAMICS
FIGURE 7. GLOBAL BALL VALVES MARKET SIZE, BY TYPES, 2023 VS 2030 (%)
FIGURE 8. GLOBAL BALL VALVES MARKET SIZE, BY TYPES, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL BALL VALVES MARKET SIZE, BY MATERIAL, 2023 VS 2030 (%)
FIGURE 10. GLOBAL BALL VALVES MARKET SIZE, BY MATERIAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL BALL VALVES MARKET SIZE, BY SIZE, 2023 VS 2030 (%)
FIGURE 12. GLOBAL BALL VALVES MARKET SIZE, BY SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL BALL VALVES MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
FIGURE 14. GLOBAL BALL VALVES MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES BALL VALVES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES BALL VALVES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA BALL VALVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. BALL VALVES MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 24. BALL VALVES MARKET, FPNV POSITIONING MATRIX, 2023

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