Ball Valves Market by Types, Material, Size, Industry

List of Tables

[199 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.86 billion
Estimated Year [2024]	USD 13.56 billion
Forecast Year [2030]	USD 19.15 billion
CAGR (%)	5.84%

Material: Adoption of alloy-based material in harsh environments

Alloy-based ball valves are constructed from strong, durable alloys, often including materials such as inconel, hastelloy, monel, and titanium. These alloys are chosen for their resistance to extreme temperatures, pressures, and chemical corrosion, making alloy-based valves suitable for harsh environments such as oil and gas extraction, chemical processing, and marine applications. Cast iron ball valves are utilized for their effective cost-to-strength ratio. Widely used in low and medium pressure and temperature applications, these valves are found in water and wastewater management, heating, ventilation, and air conditioning (HVAC) systems, and certain light industrial processes. Cryogenic ball valves are designed to operate effectively in extremely low-temperature conditions, which are commonplace in applications involving liquified natural gas (LNG), medical gases, and certain chemical processes. Steel ball valves, including carbon steel and stainless steel variants, balance strength, provide resistance to temperature and corrosion, and durability.

Types: Advancements to improve the performance of floating ball valves

Floating ball valves are named for the way the ball floats slightly downstream to maintain a tight seal with the seats. These valves are suited for relatively low pressure and temperature conditions. Rising Stem ball Vvlves are characterized by a stem that rises as the valve opens and lowers as the valve closes. This visual indication of the valve's status is advantageous in various process control applications. Trunnion-mounted ball valves feature a ball that is anchored at both the top and bottom, which makes them ideal for high-pressure and extreme-temperature applications. The trunnion absorbs additional stress from the pipeline, making these valves robust and durable.

Size: Expanding utilization of 1" to 5" in HVAC systems and solutions to achieve efficiency

Ball valves within the 1" to 5" size are deployed in residential and light commercial applications such as water utilities, heating, ventilation, and air conditioning (HVAC) systems, and in industries where fluid control requires precision and moderate flow rates. Ball valves between 6" to 25" are often installed in mid to large-scale operations, such as industrial processing facilities, large commercial complexes, and oil & gas pipelines. These valves are selected based on their ability to manage high flow rates without significant pressure drops. Ball valves from 25" to 50" are usually found in high-capacity applications, such as major water transmission lines, desalination plants, and large-scale industrial applications. These valves are chosen for their capability to handle very large flow rates with minimal disruption. Ball valves up to 1" cater mostly to precision applications where space is a constraint and fluid control needs to be exact, such as in analytical and medical devices or applications requiring miniature valves. Moreover, the segment for ball valves that are 50" and larger are typically custom-designed for specific, large-scale industrial applications, such as in water reservoirs, large diameter pipelines, and industries including mining where the volume of media being transported is colossal.

Industry: Expansion and investments in oil & gas infrastructure necessitating deployment of ball valves

In agriculture, ball valves are primarily used in irrigation systems, water distribution, and chemical handling. These applications require valves that are resistant to corrosion and capable of handling various types of fluids, including water, fertilizers, and pesticides. Ball valves in the building and construction sector are used for HVAC systems, water supply, and gas distribution. These valves must meet specific building standards and are preferred for their robustness, ease of operation, and ability to handle high-pressure systems. In the chemical industry, ball valves are used to control the flow of highly corrosive substances. In chemical plants and water & wastewater treatment industries, ball valves must ensure tight sealing and be resistant to chemical degradation. The energy and power industries utilize ball valves in applications involving steam, water, and other process fluids. In the food and beverage sector, ball valves are used in processing equipment, including beverage dispensers and food processing machinery. Metals and mining operations require ball valves for slurry transport and other demanding applications. In the oil & gas sector, ball valves are crucial for offshore and onshore applications, including drilling, production, and refining. Ball valves used in the pharmaceutical industry must comply with stringent cleanliness and sterility requirements. The pulp and paper industry uses ball valves in various stages of the manufacturing process, including bleaching, chemical recovery, and water treatment.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ball Valves Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Ball Valves Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ball Valves Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ball Valves Market?

3. What are the technology trends and regulatory frameworks in the Ball Valves Market?

4. What is the market share of the leading vendors in the Ball Valves Market?

5. Which modes and strategic moves are suitable for entering the Ball Valves Market?

Product Code: MRR-FC36D0BA9127

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