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
Description
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.
Regional Insights
The Americas region is characterized by a robust infrastructure in several industries, such as food and beverage, chemical plants, and pharmaceutical industries, which drives the growth of ball valves. The presence of key players in this region, constant product innovations, and government support for infrastructure upgradation have fuelled demand for ball valves. Europe's ball valve market is driven by strict government regulations pertaining to environmental standards and energy efficiency. As a result, industries have been adopting ball valves as they are known for minimal fluid resistance, prompt response, and ease of operation, which contribute to energy conservation. Furthermore, with an established industrial sector, the adoption of automated ball valves is increasing to enhance operational efficiency and integration with smart technology and the Internet of Things (IoT) for process optimization, especially in countries such as Germany, the UK, and France. As a manufacturing powerhouse, the Asia-Pacific region has a high demand for industrial valves. Rapid industrialization and growth in sectors such as oil and gas and energy generation are key drivers. Moreover, the region's growth in maritime trade has necessitated more adoption of ball valves in shipbuilding and offshore platforms.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Ball Valves Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing demand for automated valves in the industrial sector
- Expansion of oil & gas plants with the rising demand for ball valve installation
- Government initiatives for water & wastewater treatments
- Market Restraints
- Presence of alternatives to ball valves
- Market Opportunities
- Innovation and advancements in the designs of ball valves
- Implementation of 3D printing technologies for manufacturing ball valves
- Market Challenges
- Failures and malfunctions of ball valves
- Market Segmentation Analysis
- Material: Adoption of alloy-based material in harsh environments
- Types: Advancements to improve the performance of floating ball valves
- Size: Expanding utilization of 1” to 5” in HVAC systems and solutions to achieve efficiency
- Industry: Expansion and investments in oil & gas infrastructure necessitating deployment of ball valves
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ball Valves Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ball Valves Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- SAPAG VALVES Expands Middle East Presence with New Dubai Office
SAPAG VALVES, a division of France's IPI Group, established a presence in the Middle East with the opening of a new office in Dubai, marking a strategic expansion in the region. The launch underscores the company's commitment to the UAE's market by providing a comprehensive range of superior industrial valves designed for multiple sectors.
Valmet to Deliver Valve Solutions to Sibanye-Stillwater’s Keliber Lithium Refinery in Kokkola, Finland
Valmet secured a contract to supply a comprehensive suite of critical ball valves and automated valve solutions for Keliber Oy's lithium project in Kokkola, Finland. Valmet's proven track record in valve solutions for critical chemical processes, robust product lineup, and readiness to provide accessible spare parts and services resonate with expectations to serve the customer base better.
KITZ Launches PFA Lined Diaphragm Valves
KITZ Corporation expanded its range of PFA-lined valves with the introduction of Weir Type Diaphragm Valves engineered to meet the rigorous demands of chemical and corrosion-resistant piping systems. This innovative series encompasses a comprehensive selection of valve types, such as butterfly, ball, plug, and check valves. These PFA-lined offerings are designed to cater to the intricate requirements of high-value fine chemical industries, including pharmaceuticals, pigments, paints, fats, oils, and surfactants.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ball Valves Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Ball Valves Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABB Ltd., Alfa Laval AB, ASC Engineered Solutions, LLC, AVK Group A/S, BELIMO Holding AG, Bray International, Inc., Crane Holdings, Co., Curtiss-Wright Corporation, Dembla Valves Ltd., Emerson Electric Co., Festo SE and Co. KG, Finolex Industries Ltd., Flomatic Corporation, Flowserve Corporation, Georg Fischer Ltd., Hayward Industries, Inc., Hitachi Ltd., Honeywell International Inc., KITZ Corporation, KLINGER Holding, Milwaukee Valve Corporation, MV Nederland BV, NIBCO Inc., Parker Hannifin Corporation, Powell Valves, Robert Bosch GmbH, Schlumberger Limited, Schneider Electric SE, Siemens AG, Simtech USA, Spirax-Sarco Engineering PLC, SSP Fittings Corporation, Sulzer Ltd., Swagelok Company, Trillium Flow Technologies, Valmet Oyj, and Velan Inc..
Market Segmentation & Coverage
This research report categorizes the Ball Valves Market to forecast the revenues and analyze trends in each of the following sub-markets:- Types
- Floating Ball Valve
- Rising Stem Ball Valve
- Trunnion-mounted Ball Valves
- Material
- Alloy Based
- Cast Iron
- Cryogenic
- Steel
- Size
- 1” to 5”
- 25” to 49”
- 50” & Larger
- 6” to 24”
- Up to 1”
- Industry
- Agriculture
- Building & Construction
- Chemicals
- Energy & Power
- Food & Beverages
- Metals & Mining
- Oil & Gas
- Pharmaceuticals
- Pulp & Paper
- Water & Wastewater Treatment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
185 Pages
- 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
Pricing
Currency Rates
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