Trunnion and Floating Ball Valves Market is predicted to reach USD 14,602.9 Million at a CAGR of 5.2% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Trunnion and Floating Ball Valves Market”.

The trunnion and floating ball valves market is estimated to register a CAGR of 5.2% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Global Trunnion and Floating Ball Valves Market— Emerson Electric Co, Kitz Corporation, Neway Valves Co. Ltd., Flowserve, OMS Saleri, Della Foglia, Valvitalia, Dafram, OMB, GWC and many more.

Market Highlights

The Global Trunnion and Floating Ball Valves Market is accounted for to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 14,602.9 Million by 2032.

Trunnion and floating ball valves play a crucial role in controlling the flow of liquids or gases within pipelines across various industries, including oil and gas, petrochemicals, water and wastewater management, and pharmaceuticals, among others. The global trunnion and floating ball valves market growth is expected to be driven by key factors such as the increasing demand in oil and gas exploration activities and rising adoption in chemical and petrochemical industries drive the demand for trunnion and floating ball valves. In addition, factors such as high initial cost and maintenance expenses are expected to restrict the market growth. On the other hand, factors such as Technological advancements enhancing valve efficiency and reliability pose lucrative opportunities for the global trunnion and floating ball valves market during the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Trunnion and Floating Ball Valves Market Research Report

Segment Analysis

The global trunnion and floating ball valves market has been segmented into type, material, valve size, valve rating, pressure rating, API standard, application and region.

Based on type, the global trunnion and floating ball valves market is segmented across the following segments: Trunnion-mounted ball valves and floating ball valves. The floating ball valves segment dominates the market share in 2023. Floating ball valves are another popular choice in various industries due to their simplicity and versatility. Unlike trunnion-mounted ball valves, the ball in floating ball valves is not fixed but floats between the seats, allowing it to move and seal against the downstream seat under pressure. This design enables floating ball valves to provide tight shut-off even at low pressures. Floating ball valves are available in various configurations to suit different applications, making them highly adaptable. They are commonly used in applications where moderate pressure and temperature conditions are present. Floating ball valves are relatively easy to maintain, and repair compared to trunnion-mounted ball valves, as they typically have fewer components and simpler designs. However, they are not as suitable for high-pressure or high-temperature applications compared to their trunnion-mounted counterparts.

By material, the global trunnion and floating ball valves market is segmented across the following segments: Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Others. The stainless-steel segment dominates the market share in 2023. Stainless steel is prized for its exceptional corrosion resistance properties, making it an ideal material for trunnion and floating ball valves in demanding environments. It contains chromium, which forms a passive oxide layer on the surface, protecting the underlying metal from rust and corrosion. Stainless steel valves are highly durable and can withstand high temperatures, pressures, and corrosive media, making them suitable for applications in chemical processing, offshore drilling, pharmaceuticals, and food processing industries. They offer superior longevity and require minimal maintenance, contributing to cost-effectiveness over the long term. Additionally, stainless steel valves are available in various grades such as 304, 316, and duplex stainless steels, allowing users to select the most suitable option based on specific requirements.

Based on valve size, the global trunnion and floating ball valves market is segmented across the following segments: Up to 2 inches, 3-12 inches, 13-48 Inches, more than 48 Inches. The 3-12 inches segment dominates the market share in 2023. The segment including valves ranging from 3 inches to 12 inches caters to various industrial applications where medium-sized valves are required. These valves are commonly utilized in processes involving the transportation, distribution, and control of fluids such as oil, gas, water, and chemicals. With their moderate size, valves within this segment strike a balance between flow capacity and space requirements, making them suitable for installations across different industries, including refineries, chemical plants, power generation facilities, and municipal infrastructure.

Based on value rating, the global trunnion and floating ball valves market is segmented across the following segments: under class 50, class 50 to class 150, class 300 to class 600, class 900 to class 1500, more than class 1500. The class 50 to class 150 segment dominates the market share in 2023. Moving up the pressure range, trunnion and floating ball valves falling between Class 50 and Class 150 are suitable for a broader range of industrial applications. With pressure ratings ranging from 51 to 150 psi, these valves are employed in various industries including oil and gas, petrochemical, power generation, and water treatment. They are designed to handle moderate pressure environments and offer enhanced durability and reliability compared to valves in lower pressure classes. Valves in this segment are available in a variety of materials, configurations, and sizes to accommodate diverse operational requirements. They play a critical role in regulating fluid flow, isolating equipment, and ensuring process safety across a wide range of industrial processes.

Based on pressure rating, the global trunnion and floating ball valves market is segmented across the following segments: Below 2,000 psi, 2,000 psi to 5,000 psi, 5,000 psi to 10,000 psi, 10,000 psi to 15,000 psi, 15,000 psi to 20,000 psi. The 2,000 psi to 5,000 psi segment dominates the market share in 2023. Valves in this pressure range are commonly employed in a variety of industrial applications where moderate pressure control is required. They are found in processes such as oil and gas production, chemical processing, and power generation. These valves are designed to withstand higher pressures while maintaining efficient flow control and sealing properties. They often feature robust construction with materials selected for their resistance to corrosion and wear. Additionally, valves in this range incorporate advanced features such as emergency shutdown mechanisms or remote-control capabilities to enhance safety and operational efficiency.

Based on pressure rating, the global trunnion and floating ball valves market is segmented across the following segments: API 6A Valves, API 6D Valves, Others. The API 6D valves segment dominates the market share in 2023. API 6D valves are specifically designed for pipeline applications, including transportation and distribution of oil, gas, and other fluids. These valves are crucial for controlling the flow of fluids within pipelines, ensuring safe and efficient operation across various sectors such as petrochemicals, refining, and utilities. One of the primary characteristics of API 6D valves is their compliance with stringent industry standards and specifications set forth by the American Petroleum Institute (API). These standards cover various aspects of valve design, manufacturing, testing, and performance, ensuring reliability and consistency in operation. Additionally, API 6D valves are available in a wide range of sizes, pressure classes, and materials to accommodate different pipeline requirements.

Based on application, the global trunnion and floating ball valves market is segmented across the following segments: Cryogenic Pipelines, Gas Pipelines, SPS (Subsea Production Systems), CCUS (Carbon Capture, Utilization, and Storage), Onshore, Offshore, Others. The gas pipelines segment dominates the market share in 2023. Gas pipelines are the backbone of energy infrastructure, facilitating the transportation of natural gas from production sites to distribution centers and end-users. Trunnion and floating ball valves in gas pipelines play a vital role in regulating flow, isolating sections for maintenance, and ensuring operational safety. With the expansion of natural gas exploration and production activities globally, the demand for reliable valves capable of handling high-pressure gas applications continues to rise. Valves used in gas pipelines are often subjected to stringent industry standards and must demonstrate durability, corrosion resistance, and efficient performance under varying operating conditions.

Regional Analysis

The global trunnion and floating ball valves market, based on region, has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. Europe consists of UK, Germany, France, Italy, Spain, and Rest of Europe. Asia-Pacific consists of China, India, Japan, Sout Korea, and Rest of Asia-Pacific. Middle East & Africa consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. South America consists of Brazil, Argentina, and Rest of South America. Asia-Pacific accounted for largest market share in 2023. The countries in Asia Pacific region includes China, India, Japan, South Korea, and rest of Asia Pacific. The countries in Asia Pacific region includes China, India, Japan, South Korea, and rest of Asia Pacific. In the Asia-Pacific region, China, as the world's largest manufacturing hub, dominates the regional market with substantial investments in infrastructure, oil and gas exploration, and petrochemical industries. The country's ambitious Belt and Road Initiative (BRI) further propels demand for valves in energy infrastructure projects, both domestically and across participating nations. Moreover, stringent environmental regulations drive the adoption of advanced valve technologies for efficient resource management and emissions control.

North America accounted for the second largest market share in 2023. The countries in North America region includes United States, Canada, and Mexico. The North American Trunnion and floating ball valves market is influenced by several factors like technological advancements, stringent industry regulations, and growing demand from various end-user industries such as oil and gas, petrochemicals, and power generation. One of the key drivers of growth in this market is the increasing exploration and production activities in the oil and gas sector, particularly in unconventional resources such as shale gas and tight oil. The shale revolution in North America has led to a surge in drilling operations, creating a significant demand for trunnion and floating ball valves for wellhead and pipeline applications. Additionally, the ongoing investments in infrastructure development, including pipeline construction and expansion projects, further fuel the demand for these valves.

The countries in Europe region includes Germany, France, UK, Spain, Italy, and rest of Europe. Major countries within Europe, including Germany, France, the United Kingdom, Italy, and Spain, play pivotal roles in shaping the market dynamics. Furthermore, companies in the region are expanding their market presence through acquisitions, partnerships, or joint ventures to access new markets, technologies, and distribution channels in Europe and beyond. Germany stands out as a significant player in the European trunnion and floating ball valves market. With its robust industrial base, the country has a substantial demand for these valves across various sectors such as oil and gas, chemicals, and water treatment. Additionally, Germany's focus on renewable energy has spurred investments in the valve industry, particularly in applications related to wind and solar power generation. The presence of key market players and technological advancements further contribute to the growth of the market in Germany. This diversity translates into a wide range of applications for trunnion and floating ball valves.

The countries in Middle East and Africa region includes Saudi Arabia, UAE, South Africa and rest of Middle East and Africa. The ongoing projects like the development of the red sea project and NEOM city further augment the market growth. The United Arab Emirates, with its strategic location and significant investments in infrastructure and energy projects, stands as a key market for trunnion and floating ball valves. The country's emphasis on sustainable development and its position as a major trading hub amplifies the demand for valves across various industries, including oil and gas, water treatment, and power generation. Nigeria, as a prominent player in the African oil and gas sector, drives substantial demand for trunnion and floating ball valves. The country's vast reserves and ongoing efforts to revitalize its oil and gas industry post-recession contribute to market expansion.

The countries in South America region includes Argentina, Brazil, and rest of South America. Ongoing infrastructure development projects in the country’s industrial sector are fueling the demand for trunnion and floating ball valves. Brazil, as the largest economy in South America, commands significant attention in the trunnion and floating ball valves market. The country's oil and gas sector, a key consumer of these valves, drives demand, particularly in offshore exploration and production activities. Petrobras, Brazil's state-controlled oil company, plays a pivotal role in shaping market dynamics through its extensive projects and procurement strategies. Moreover, Brazil's burgeoning industrial infrastructure, including petrochemical plants and refineries, fuels additional demand for valves across various sectors.

Key Findings of the Study

• The global Trunnion and Floating Ball Valves Market is expected to reach USD 14,602.9 Million by 2032, at a CAGR of 5.20% during the forecast period.


• Asia-Pacific accounted for largest market share in 2023. The countries in Asia Pacific region includes China, India, Japan, South Korea, and rest of Asia Pacific. IIn the Asia-Pacific region, China, as the world's largest manufacturing hub, dominates the regional market with substantial investments in infrastructure, oil and gas exploration, and petrochemical industries.


• Based on type, The floating ball valves segment was attributed to holding the largest market in 2023.


• Emerson Electric Co, Kitz Corporation, Neway Valves Co. Ltd., Flowserve, OMS Saleri, Della Foglia, Valvitalia, Dafram, OMB, GWC and many more, are the key players in the market.


• Based on application, the gas pipeline segment held the largest market share in 2023.