Ball Valves Market Analysis

Global Ball Valves Market Overview

Ball Valves Market Size was valued at USD 7,499.81 Million in 2023. The Global Ball Valves industry is projected to grow from USD 7,904.46 Million in 2024 to USD 12,598.47 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.94% during the forecast period (2024 - 2032).

Increasing need for energy & power, and opportunities due to increasing adoption of industrial automation is driving the Ball Valves Market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ball Valves Market Trends

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  Increasing need for energy & power, and opportunities due to increasing adoption of industrial automation augmenting Ball Valves Market.

  
  

The demand for ball valves in recent years has been increasing due to the growing need for energy & power. The increasing need for energy & power is rising from numerous factors such as population growth, urbanization, industrialization, and the search for cleaner and more sustainable energy sources. Ball valves are used in fossil fuel power plants, nuclear power plants, hydroelectric power plants, and renewable energy installations like solar & wind farms. The power generation sector, encompassing conventional and renewable energy sources, relies on ball valves for many applications. The need to expand power generation capacity to meet the growing electricity demand is fueling the demand for ball valves. The oil & gas sector is a major consumer of ball valves. The growing global demand for oil & gas, driven by economic growth and industrial development, is directly increasing the demand for ball valves in this industry. Ball valves are used in the oil & gas sector in upstream, midstream, and downstream operations, together with drilling, production, refining, and transportation.

the increasing adoption of industrial automation presents a significant growth opportunity for the ball valve market due to numerous factors such as advanced control capabilities, increased efficiency & productivity, real-time monitoring & diagnostics. Industrial automation relies on precise control & regulation of fluid flows in several processes. Ball valves play an important role in control of fluids by providing accurate and efficient flow regulation. As industries are increasingly adopting automation technologies, the demand for ball valves with advanced control capabilities & compatibility with automation systems is growing. Ball valves can be integrated with programmable logic controllers (PLC) and distributed control systems (DCS), which are key components of industrial automation systems. This integration allows seamless communication & control of valves within automated processes.

Ball Valves Market Segment Insights:

Ball Valves product type Insights

Based on size, the global Ball Valves are segmented into Up to 1”, 1"-3", and 4"-6". The 4"-6" dominated the global market in 2023, while the 1”-3” are projected to be the fastest–growing segment during the forecast period. Ball valves with a nominal diameter ranging from 4 inches to 6 inches are robust, heavy-duty, and capable of handling more demanding applications. They mostly have a higher-pressure rating and flow capacity compared to smaller sizes. These larger-sized ball valves are commonly used in industries, like oil & gas pipelines, power generation plants, water distribution systems, and industrial processes requiring larger volumes of fluid. 4"-6" ball valves are generally constructed with materials such as stainless steel or cast iron to withstand the pressures and conditions they encounter.

Ball Valves Ball Valve Pieces Insights

Based on ball valve pieces, the global Ball Valves are segmented into 1 Piece, 2 Pieces, and 3 Pieces. The 3 Pieces segment dominated the global market in 2023, while the 2 Pieces is projected to be the fastest–growing segment during the forecast period. 3-piece ball valves consist of three main components, a body and two end connectors. The body is sandwiched between the end connectors, which are bolted together to create a secure assembly. These valves offer a higher level of flexibility & serviceability compared to 1-piece and 2-piece valves. They have a higher-pressure rating and are available in larger sizes. 3-piece ball valves are usually used in applications that require frequent maintenance, such as chemical processing, food & beverage industries, and industrial processes with demanding conditions.

Ball Valves Design Technology Insights

Based on design technology, the global Ball Valves are segmented into floating ball design, and trunnion mounted ball design. The trunnion mounted ball design segment dominated the global market in 2023. The trunnion mounted ball design segment dominated the global market in 2023. In a trunnion mounted ball design, the ball is supported by trunnions, which are fixed or supported by a stem. The stem connects the ball to the actuator or handle, allowing for precise control and positioning of the ball. Trunnion mounted ball valves have a more complex construction as compared to floating ball valves.

Figure 1: Ball Valves Market, by Design Technology, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ball Valves Method of Actuation Insights

Based on method of actuation, the global Ball Valves are segmented into manual, control, and on-off valve. The on-off valve segment dominated the global market in 2023, while the control is projected to be the fastest–growing segment during the forecast period. On-off ball valves can be manually operated or actuated by external devices, such as pneumatic or electric actuators. They provide a binary operation, allowing the valve to be fully open or fully closed. These valves are primarily used for quick shut-off applications or in situations where only two positions (open or closed) are required. On-off ball valves are used in various industries, such as oil & gas, water treatment, power plants, and chemical processing.

Ball Valves Application Insights

The application segment of the Ball Valves Market size includes metal & mining, oil & gas, water & wastewater treatment, LNG, LPG, steel industry, sugar industry, chemical & petro chemical, pulp & paper, energy & power, building & construction, food & beverage, and others. The others segment dominated the market in 2023, while the energy & power segment is projected to be the fastest–growing segment during the forecast period. Ball valves have several applications in some other areas like agriculture, pharmaceutical, and polymer industry. These valves are widely used in agricultural irrigation systems to control the flow of water. Ball valves are commonly employed in agricultural pumps and sprayers to control the flow of liquid fertilizers, pesticides, herbicides, and other chemicals used in agricultural applications.

Ball Valves Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America ball valves market accounted for largest market share in 2023 and is expected to exhibit a significant CAGR growth during the study period. North America is a major market for ball valves, which are mechanical devices that control the flow and pressure of fluids in various industrial applications. Ball valves have a wide range of uses in industries such as oil and gas, power generation, chemical, water and wastewater, mining, and food and beverage. The market is expected to grow at a significant rate in the coming years, due to the increasing need for valves that are energy-efficient and reliable, the use of innovative technologies such as 3D printing and IoT, and the rising investments in new and upgraded nuclear power plants. The market is also affected by the standards and regulations that differ across different regions and industries. Some of the major players in the market are Emerson Electric Co., Flowserve Corporation, Cameron International Corporation, Crane Co., and Metso Corporation.

Figure 2: Ball Valves Market, by region, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Moreover, Asia Pacific is the second-largest region in the Ball Valves Market. The Asia-Pacific Ball Valve Market is witnessing a significant growth due to the increasing demand from various end-user industries, such as oil and gas, power generation, chemical, water and wastewater, and mining. Ball valves are widely used to control the flow of fluids and gases in these industries, as they offer high reliability, durability, and efficiency. One of the unique features of the Asia-Pacific Ball Valve Market is the adoption of advanced valve technologies to meet the specific needs of the region.

Additionally, the Europe Ball Valves Market has grown significantly in recent years. Europe is a key region in the global ball valve market, offering a rich landscape of opportunities for manufacturers, suppliers, and customers alike. Ball valves, widely used in various industries, are essential components for regulating the flow of fluids and gases. Their design, which includes a hollow ball with a hole in the center, allows for efficient control and shut-off operations. Europe's robust industrial sector, comprising automotive, oil and gas, chemical, and water treatment industries, drives the demand for ball valves.

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.

Ball Valves Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Ball Valves Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include Alfa Laval, Swagelok Company, Emerson Electric Company, MRC Global Inc, Velan Inc, The Weir Group Plc, Valmet, Flowserve Corporation, Dwyer Instruments Ltd, and Flomatic Corporation, among others. The Ball Valves Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Ball Valves Market include.

• Alfa Laval


• Swagelok Company


• Emerson Electric Company


• MRC Global Inc


• Velan Inc


• The Weir Group Plc


• Valmet


• Flowserve Corporation


• Dwyer Instruments Ltd


• Flomatic Corporation

Ball Valves Industry Developments

• In July 2023, Flomatic released a new swing check valve that meets AWWA C508 requirements and AIS provisions, ensuring superior performance and reliability.


• In June 2023, Alfa Laval launched two new hygienic valves, the Alfa Laval Unique Mixproof CIP and Unique Mixproof Process, expanding their double-seat valve range. These valves enhanced product safety, process efficiency, and sustainability, meeting market demands.


• In July 2023, Valmet and ThyssenKrupp Industries India have recently established a cooperative agreement to enhance their collaboration in the field of process automation.

Ball Valves Market Segmentation

Ball Valves Size Outlook (USD Million, 2019-2032)

• Up to 1”


• 1"-3"


• 4"-6"

Ball Valves Ball Valve Pieces Outlook (USD Million, 2019-2032)

• 1 Piece


• 2 Pieces


• 3 Pieces

Ball Valves Design Technology Outlook (USD Million, 2019-2032)

• Floating Ball Design


• Trunnion Mounted Ball Design

Ball Valves Method of Actuation Outlook (USD Million, 2019-2032)

• Manual


• Control


• On-Off Valve

Ball Valves Application Outlook (USD Million, 2019-2032)

• Metal & Mining


• Oil & Gas


• Water & Wastewater Treatment


• LNG


• LPG


• Steel Industry


• Sugar Industry


• Chemical & Petro Chemical


• Pulp & Paper


• Energy & Power


• Building & Construction


• Food & Beverage


• Others

Ball Valves Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East and Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East and Africa
  
  
  
  


• South America
  
  
  
  • Argentina
  
  
  • Brazil
  
  
  • South America