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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Ball Valves Market: By Type, By Material Type, By Size, By End User and Region
The Ball Valves Market size was valued at US$ 13.2 billion in 2023 and is poised to grow at significant CAGR of 3.4% from2024-2030. Some of the key factors fueling the market growth include growing demand for process safety, need for ball valve replacement, increasing industrialization, urbanization, and smart city initiatives across the globe and rise in the number of refineries, petrochemicals and chemicals plants worldwide. However, downtime time to repair valves and increasing cost of raw material for installation of ball valves are the factors hindering the market growth. In addition, growing popularity of IoT devices especially amongst industrial devices such as ball valve is expected to provide huge growth opportunity for the market growth. Major oil producers are running out of storage space for extracted oil, while demand is trending downward.
As a result, there is a significant supply-demand disparity. One of the most important industries for valves is oil and gas. Valves are also used extensively in the water and wastewater treatment, as well as the energy and power industries. These industries are also seeing a drop in demand as a result of the global epidemic. As a preventive measure to protect public health and safety, restrictions on foreign trade have been imposed due to the closure of international borders, non-operational distribution channels, and several other government policies. Global ball valves market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in December 2018, Metso made an agreement with Granbech & Sanner A/S (Denmark) to offer the entire breadth of Metso's valve products and related solutions across Denmark.
Study Period
2024-2030Base Year
2023CAGR
3.4%Largest Market
Asia PacificFastest Growing Market
North-America
Process safety has been practiced as a field of research and safety management in the oil and chemical industries. Over the period there have been numerous tragic incidents, which have resulted in mortalities as well as asset, environmental, and reputational damage. While standards have enhanced, mainly in essentially safer design and management systems, catastrophic incidents are still happening and will continue to do. High performance ball valves are widely used in demanding control applications. By combining an innovative process ball valve design with various safety and plant performance expectations, the advantages of using true process valves are easy to recognize. Ball valves are suitable for handling slurries and fluids with a high solid content, and for this reason have found wide applications in the paper industry, chemical plants, and sewage treatment plants.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 13.2 billion |
Market CAGR |
3.4% |
By Type |
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By Material Type |
|
By Size |
|
By End User |
|
By Region |
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The global ball valves market size was valued at US$ 13.2 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
1.Executive Summary |
2.Global Ball Valves Market Introduction |
2.1.Global Ball Valves Market - Taxonomy |
2.2.Global Ball Valves Market - Definitions |
2.2.1.Type |
2.2.2.Material Type |
2.2.3.Size |
2.2.4.End User |
2.2.5.Region |
3.Global Ball Valves Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Ball Valves Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Ball Valves Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Trunnion Mounted |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Rising Stem |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Floating |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Ball Valves Market By Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Alloy Based |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Brass |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Bronze |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Cast Iron |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Cryogenic |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Steel |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7.Global Ball Valves Market By Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Up to 1" |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. 1"-6" |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. 6"-25" |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. 25"-50" |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. 50" and Above |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8.Global Ball Valves Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Aerospace & defense |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Building & Construction |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Chemicals |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Energy & Power |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Food & Beverage |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Oil & Gas |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Pharmaceuticals |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
8.8. Utilities |
8.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.8.3. Market Opportunity Analysis |
8.9. Water & Wastewater |
8.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.9.3. Market Opportunity Analysis |
8.10. Others |
8.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.10.3. Market Opportunity Analysis |
9.Global Ball Valves Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Ball Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Trunnion Mounted |
10.1.2.Rising Stem |
10.1.3.Floating |
10.1.4.Others |
10.2. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Alloy Based |
10.2.2.Brass |
10.2.3.Bronze |
10.2.4.Cast Iron |
10.2.5.Cryogenic |
10.2.6.Steel |
10.2.7.Others |
10.3. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Up to 1" |
10.3.2.1"-6" |
10.3.3.6"-25" |
10.3.4.25"-50" |
10.3.5.50" and Above |
10.3.6.Others |
10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Aerospace & defense |
10.4.2.Building & Construction |
10.4.3.Chemicals |
10.4.4.Energy & Power |
10.4.5.Food & Beverage |
10.4.6.Oil & Gas |
10.4.7.Pharmaceuticals |
10.4.8.Utilities |
10.4.9.Water & Wastewater |
10.4.10.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Ball Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Trunnion Mounted |
11.1.2.Rising Stem |
11.1.3.Floating |
11.1.4.Others |
11.2. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Alloy Based |
11.2.2.Brass |
11.2.3.Bronze |
11.2.4.Cast Iron |
11.2.5.Cryogenic |
11.2.6.Steel |
11.2.7.Others |
11.3. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Up to 1" |
11.3.2.1"-6" |
11.3.3.6"-25" |
11.3.4.25"-50" |
11.3.5.50" and Above |
11.3.6.Others |
11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Aerospace & defense |
11.4.2.Building & Construction |
11.4.3.Chemicals |
11.4.4.Energy & Power |
11.4.5.Food & Beverage |
11.4.6.Oil & Gas |
11.4.7.Pharmaceuticals |
11.4.8.Utilities |
11.4.9.Water & Wastewater |
11.4.10.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Ball Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Trunnion Mounted |
12.1.2.Rising Stem |
12.1.3.Floating |
12.1.4.Others |
12.2. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Alloy Based |
12.2.2.Brass |
12.2.3.Bronze |
12.2.4.Cast Iron |
12.2.5.Cryogenic |
12.2.6.Steel |
12.2.7.Others |
12.3. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Up to 1" |
12.3.2.1"-6" |
12.3.3.6"-25" |
12.3.4.25"-50" |
12.3.5.50" and Above |
12.3.6.Others |
12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Aerospace & defense |
12.4.2.Building & Construction |
12.4.3.Chemicals |
12.4.4.Energy & Power |
12.4.5.Food & Beverage |
12.4.6.Oil & Gas |
12.4.7.Pharmaceuticals |
12.4.8.Utilities |
12.4.9.Water & Wastewater |
12.4.10.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Ball Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Trunnion Mounted |
13.1.2.Rising Stem |
13.1.3.Floating |
13.1.4.Others |
13.2. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Alloy Based |
13.2.2.Brass |
13.2.3.Bronze |
13.2.4.Cast Iron |
13.2.5.Cryogenic |
13.2.6.Steel |
13.2.7.Others |
13.3. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Up to 1" |
13.3.2.1"-6" |
13.3.3.6"-25" |
13.3.4.25"-50" |
13.3.5.50" and Above |
13.3.6.Others |
13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Aerospace & defense |
13.4.2.Building & Construction |
13.4.3.Chemicals |
13.4.4.Energy & Power |
13.4.5.Food & Beverage |
13.4.6.Oil & Gas |
13.4.7.Pharmaceuticals |
13.4.8.Utilities |
13.4.9.Water & Wastewater |
13.4.10.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Ball Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Trunnion Mounted |
14.1.2.Rising Stem |
14.1.3.Floating |
14.1.4.Others |
14.2. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Alloy Based |
14.2.2.Brass |
14.2.3.Bronze |
14.2.4.Cast Iron |
14.2.5.Cryogenic |
14.2.6.Steel |
14.2.7.Others |
14.3. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Up to 1" |
14.3.2.1"-6" |
14.3.3.6"-25" |
14.3.4.25"-50" |
14.3.5.50" and Above |
14.3.6.Others |
14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Aerospace & defense |
14.4.2.Building & Construction |
14.4.3.Chemicals |
14.4.4.Energy & Power |
14.4.5.Food & Beverage |
14.4.6.Oil & Gas |
14.4.7.Pharmaceuticals |
14.4.8.Utilities |
14.4.9.Water & Wastewater |
14.4.10.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Alfa Laval AB |
15.2.2.Cameron-Schlumberger Ltd. |
15.2.3.Chemtrols |
15.2.4.Curtiss-Wright Corporation |
15.2.5.Dwyer Instruments Inc. |
15.2.6.Emerson Electric Company |
15.2.7.Flomatic Corporation |
15.2.8.Flowserve Corporation |
15.2.9.Kitz Corporation |
15.2.10.Metso Oyj |
15.2.11.MRC Global Inc. |
15.2.12.Swagelok Company |
15.2.13.Velan Inc. |
15.2.14.Weir Group |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players