Ball Valves Market: By Type (Trunnion Mounted, Rising Stem, Floating and Others), By Material Type (Alloy Based, Brass, Bronze, Cast Iron, Cryogenic, Steel and Others), By Size (Up to 1", 1“-6", 6“-25", 25“-50", 50" and Above and Others), By End User (Aerospace & defense,  Building & Construction, Chemicals, Energy & Power, Food & Beverage, Oil & Gas, Pharmaceuticals, Utilities, Water & Wastewater and Others) and Geography  

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The Ball Valves Market size was valued at US$ 11.9 Bn in 2022 and is poised to grow at significant CAGR of 3.4% from2023-2029. 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.

 

Global Ball Valves Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.4%

Largest Market

Asia Pacific

Fastest Growing Market

North-America
Ball Valves Market Dynamics

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.

Key Features of the Reports

  • Global ball valves market expanding at significant CAGR over 2023 to 2029 due to growing demand for process safety
  • Based on type, trunnion mounted segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global ball valves market

Global Ball Valves Market Segmentation

By Type
  • Trunnion Mounted
  • Rising Stem
  • Floating
  • Others
By Material Type
  • Alloy Based
  • Brass
  • Bronze
  • Cast Iron
  • Cryogenic
  • Steel
  • Others
By Size
  • Up to 1"
  • 1"-6"
  • 6"-25"
  • 25"-50"
  • 50" and Above
  • Others
By End User
  • Aerospace & defense
  • Building & Construction
  • Chemicals
  • Energy & Power
  • Food & Beverage
  • Oil & Gas
  • Pharmaceuticals
  • Utilities
  • Water & Wastewater
  • Others

Frequently Asked Questions

2022 is the base year and 2029 is the forecast year.

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.

Ball Valves Market size was valued at US$ 11.9 Billion in 2022 and is poised to grow at significant CAGR of 3.4% from2023-2029.

Table of Content

  1. Executive Summary
  2. Global Ball valves Market Introduction
    • Global Ball valves Market - Taxonomy
    • Global Ball valves Market - Definitions
      • Type
      • Material Type
      • Size
      • End User
  1. Global Ball valves Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Ball valves Market Dynamic Factors - Impact Analysis
    • Global Ball valves Market - Competition Landscape
  2. Global Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Ball valves Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Trunnion Mounted
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rising Stem
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Floating
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ball valves Market Forecast, By Material Type, 2018 - 2022 and Forecast, 2023 - 2029
    • Alloy Based
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Brass
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bronze
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cast Iron
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cryogenic
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Steel
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ball valves Market Forecast, By Size, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Up to 1"
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 1“-6"
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 6“-25"
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 25“-50"
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 50" and Above
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ball valves Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Aerospace & defense
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building & Construction
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemicals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Energy & Power
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food & Beverage
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oil & Gas
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceuticals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Utilities
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Water & Wastewater
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ball valves Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Region, 2023 - 2029
  2. North America Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Trunnion Mounted
      • Rising Stem
      • Floating
      • Others
    • Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Alloy Based
      • Brass
      • Bronze
      • Cast Iron
      • Cryogenic
      • Steel
      • Others
    • Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Up to 1"
      • 1"-6"
      • 6"-25"
      • 25"-50"
      • 50" and Above
      • Others
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & defense
      • Building & Construction
      • Chemicals
      • Energy & Power
      • Food & Beverage
      • Oil & Gas
      • Pharmaceuticals
      • Utilities
      • Water & Wastewater
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Country, 2023 - 2029
    • North America Ball valves Market Dynamics - Trends
  3. Europe Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Trunnion Mounted
      • Rising Stem
      • Floating
      • Others
    • Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Alloy Based
      • Brass
      • Bronze
      • Cast Iron
      • Cryogenic
      • Steel
      • Others
    • Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Up to 1"
      • 1"-6"
      • 6"-25"
      • 25"-50"
      • 50" and Above
      • Others
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & defense
      • Building & Construction
      • Chemicals
      • Energy & Power
      • Food & Beverage
      • Oil & Gas
      • Pharmaceuticals
      • Utilities
      • Water & Wastewater
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Country, 2023 - 2029
    • Europe Ball valves Market Dynamics - Trends
  4. Asia-Pacific Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Trunnion Mounted
      • Rising Stem
      • Floating
      • Others
    • Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Alloy Based
      • Brass
      • Bronze
      • Cast Iron
      • Cryogenic
      • Steel
      • Others
    • Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Up to 1"
      • 1"-6"
      • 6"-25"
      • 25"-50"
      • 50" and Above
      • Others
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & defense
      • Building & Construction
      • Chemicals
      • Energy & Power
      • Food & Beverage
      • Oil & Gas
      • Pharmaceuticals
      • Utilities
      • Water & Wastewater
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Country, 2023 - 2029
    • Asia-Pacific Ball valves Market Dynamics - Trends
  5. Latin America Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Trunnion Mounted
      • Rising Stem
      • Floating
      • Others
    • Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Alloy Based
      • Brass
      • Bronze
      • Cast Iron
      • Cryogenic
      • Steel
      • Others
    • Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Up to 1"
      • 1"-6"
      • 6"-25"
      • 25"-50"
      • 50" and Above
      • Others
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & defense
      • Building & Construction
      • Chemicals
      • Energy & Power
      • Food & Beverage
      • Oil & Gas
      • Pharmaceuticals
      • Utilities
      • Water & Wastewater
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Country, 2023 - 2029
    • Latin America Ball valves Market Dynamics - Trends
  6. Middle East and Africa Ball valves Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Trunnion Mounted
      • Rising Stem
      • Floating
      • Others
    • Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Alloy Based
      • Brass
      • Bronze
      • Cast Iron
      • Cryogenic
      • Steel
      • Others
    • Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Up to 1"
      • 1"-6"
      • 6"-25"
      • 25"-50"
      • 50" and Above
      • Others
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace & defense
      • Building & Construction
      • Chemicals
      • Energy & Power
      • Food & Beverage
      • Oil & Gas
      • Pharmaceuticals
      • Utilities
      • Water & Wastewater
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Ball valves Market - Opportunity Analysis Index, By Type, Material Type, Size, End User, and Country, 2023 - 2029
    • MEA Ball valves Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Alfa Laval AB (Sweden)
      • Cameron-Schlumberger Ltd.(U.S)
      • Chemtrols (India)
      • Curtiss-Wright Corporation (US)
      • Dwyer Instruments Inc. (US)
      • Emerson Electric Company (US)
      • Flomatic Corporation (US)
      • Flowserve Corporation (US)
      • Kitz Corporation (Japan)
      • Metso Oyj (Finland)
      • MRC Global Inc. (US)
      • Swagelok Company (US)
      • Velan Inc. (Canada)
      • Weir Group (UK)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Alfa Laval AB (Sweden)
  • Cameron-Schlumberger Ltd.(U.S)
  • Chemtrols (India)
  • Curtiss-Wright Corporation (US)
  • Dwyer Instruments Inc. (US)
  • Emerson Electric Company (US)
  • Flomatic Corporation (US)
  • Flowserve Corporation (US)
  • Kitz Corporation (Japan)
  • Metso Oyj (Finland)
  • MRC Global Inc. (US)
  • Swagelok Company (US)
  • Velan Inc. (Canada)
  • Weir Group (UK)

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