Trunnion and Floating Ball Valves Market Research Report Information , by Material (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Others), by Valve Size (Up To 2 Inches, 3 Inches-12 Inches, 13-48 Inches, More Than 48 Inches), by Valve Rating (Under Class 50, Class 50 To Class 150, Class 300 To Class 600, Class 900 To Class 1500, More Than Class 1500), by Pressure Rating (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), by API Standard (API 6D Valves, API 6D Valve

Global Trunnion and Floating Ball Valves Market Overview

Trunnion and Floating Ball Valves Market Size was valued at USD 9,333.88 Million in 2023. The Global Trunnion and Floating Ball Valves industry is projected to grow from USD 9,738.13 Million in 2024 to USD 14,602.90 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2024 - 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 market for trunnion and floating ball valves is influenced by several key factors. The steady expansion of the oil and gas industry, particularly in regions like North America, the Middle East, and Asia-Pacific, continues to fuel the demand for these valves in various applications such as extraction, refining, and transportation. Additionally, stringent safety regulations and the need for reliable valve solutions in critical processes further bolster market growth. Moreover, technological advancements in valve design and materials, aimed at enhancing performance, durability, and efficiency, pose lucrative opportunities for the Trunnion and Floating Ball Valves Market during the forecast period.

Figure 1: Trunnion and Floating Ball Valves Market, 2023 & 2032 (USD Million)

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

Trunnion and Floating Ball Valves Market Trends

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  Increasing Demand in Oil and Gas Exploration Activities

  
  

The increasing demand for trunnion and floating ball valves in the global market is influenced by the booming activities in the oil and gas exploration sector. The demand surge can be attributed to several factors, each playing a crucial role in shaping the market. The continuous exploration and production activities in both conventional and unconventional oil and gas reserves drive the need for reliable and efficient valve solutions. As energy remains a fundamental driver of economic growth and development worldwide, companies operating in the oil and gas industry are constantly seeking ways to optimize their extraction processes. 

Trunnion and floating ball valves play a critical role in this optimization by providing reliable shut-off and control functionalities in various stages of the extraction and transportation processes. Moreover, the expansion of oil and gas exploration into more challenging environments, such as deepwater and ultra-deepwater reserves, further underscores the importance of robust valve solutions. In these harsh operating conditions, where pressures and temperatures are extreme, the reliability and durability of valves become paramount. Trunnion and floating ball valves, known for their ability to withstand high pressures Pumps and temperatures, are preferred choices for such applications, contributing to their increased demand in the market.

Rising Adoption in Chemical and Petrochemical Industries

The demand for trunnion and floating ball valves in the global market is significantly driven by the extensive utilization in the chemical and petrochemical industries. These valves play a crucial role in controlling the flow of various fluids, gases, and chemicals within the intricate processes of chemical and petrochemical plants. One of the primary reasons for their widespread adoption in these industries is their ability to withstand high pressures and temperatures, along with corrosive and abrasive media. Chemical and petrochemical processes involve the handling of a wide range of substances, many of which are highly reactive or hazardous. Trunnion and floating ball valves offer reliable performance under such demanding conditions, ensuring the safe and efficient operation of equipment and processes. Their robust construction, often using materials such as stainless steel, alloy steel, or exotic alloys, provides resistance against corrosion and erosion, crucial for maintaining operational integrity over extended periods.

Trunnion and Floating Ball Valves Market Segment Insights

Global Trunnion and Floating Ball Valves Type Insights

The trunnion and floating ball valves market segmentation, based on type, includes: - trunnion-mounted ball valves and floating ball Valves. The floating ball valves segment dominated the trunnion and floating ball valves market in 2023 and is expected to continue dominating the trunnion and floating ball valves industry during the forecast period 2024-2032.  Furthermore, floating ball valves are a popular choice in various industries due to their simplicity and versatility. 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. The floating ball valves are commonly used in applications where moderate pressure and temperature conditions are present

Figure 2: Trunnion and Floating Ball Valves Market, by Type, 2023 & 2032 (USD Million)

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

Global Trunnion and Floating Ball Valves Material Insights

The trunnion and floating ball valves market is segmented by material across the following segments: - Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Others. The stainless-steel segment dominated the trunnion and floating ball valves market in 2023 and is expected to continue dominating the trunnion and floating ball valves industry during the forecast period 2024-2032. Stainless steel put across 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, and food processing industries. 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.

Global Trunnion and Floating Ball Valves Valve Size Insights

Based on Valve Size, the Trunnion and Floating Ball Valves Market is segmented across the following segments: Up to 2 inches, 3 inches-12 inches, 13-48 Inches, more than 48 Inches. The 3 inches-12 inches segment dominates the market share in 2023.  The segment includes valves ranging from 3 inches to 12 inches supplied 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. They are designed to provide reliable shut-off and flow control capabilities while minimizing energy loss and leakage. Additionally, valves in this segment feature advanced actuation systems for remote operation and monitoring, enhancing system automation and control.

Global Trunnion and Floating Ball Valves Valve Rating Insights

The trunnion and floating ball valves market is segmented by material across the following segments: under class 50, class 50 to class 150, class 300 to class 600, class 900 to class 1500 and more than class 1500. The class 50 to class 150 segment dominates the market share in 2023. 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.

Global Trunnion and Floating Ball Valves Pressure Rating Insights

The trunnion and floating ball valves market is segmented by pressure rating 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 2000 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.

Global Trunnion and Floating Ball Valves API Standard Insights

The trunnion and floating ball valves market is segmented by API standard 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. API 6D valves typically feature a floating ball or trunnion-mounted ball design, providing reliable shut-off capabilities and minimal pressure drop.

Global Trunnion and Floating Ball Valves Application Insights

The trunnion and floating ball valves market is segmented by API standard across the following segments: Cryogenic Pipelines, Gas Pipelines, SPS (Subsea Production Systems), CCUS (Carbon Capture, Utilization, and Storage), Onshore, Offshore, Others. The gas pipeline 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 solenoid 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.

Global Trunnion and Floating Ball Valves Regional Insights

The 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. 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.

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.

Figure 3 : Trunnion and Floating Ball Valves Market Size by Region 2023 & 2032 (USD Million)

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

Global Trunnion and Floating Ball Valves Key Market Players & Competitive Insights

The key players operating in the Trunnion and Floating Ball Valves Market include Emerson Electric Co, Kitz Corporation, Neway Valves Co. Ltd., Flowserve, OMS Saleri, Della Foglia, Valvitalia, Dafram, OMB, GWC among others. The Trunnion and Floating Ball Valves Market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a strong reach globally along with diverse product portfolios. Companies such as Emerson Electric Co, Kitz Corporation, Neway Valves Co. Ltd. dominate the Trunnion and Floating Ball Valves Market due to brand reputation, product differentiation, financial stability, and diversified regional presence.

The Trunnion and Floating Ball Valves Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and high-quality trunnion and floating ball valves to sustain their presence in an intensely competitive market environment.

Key Companies in the Trunnion and Floating Ball Valves Market include.

• Emerson Electric Co (US)


• Kitz Corporation (Japan)


• Neway Valves Co. Ltd. (China)


• Flowserve (US)


• OMS Saleri (Italy)


• Della Foglia (Italy)


• Valvitalia (Italy)


• Dafram (Italy)


• OMB (Italy)


• GWC (Qatar)

Trunnion and Floating Ball Valves Market Industry Developments

• In 2023, Flowserve Corporation announced the release of the Worcester 51/52 Series Reduced Port Flanged Ball Valves. These quarter-turn, floating ball valves have been re-engineered for global availability by standardizing design, materials, construction and product certifications.


• In 2023, Flowserve Corporation has launched the Worcester Cryogenic series of reduced-port, quarter-turn floating ball valves for the liquefied natural gas (LNG), hydrogen and other industrial gas sectors. It is available in three-piece (CF44 series) and flanged (CF51/CF52 series) configurations, the valves feature a high-strength stem and provide exceptional fugitive emissions control from an improved live-loaded stem seal.

Trunnion and Floating Ball Valves Market Segmentation

Global Trunnion and Floating Ball Valves Type Outlook (USD Million, 2019-2032)

• Trunnion-Mounted Ball Valves


• Floating Ball Valves

Global Trunnion and Floating Ball Valves Material Outlook (USD Million, 2019-2032)

• Carbon Steel


• Stainless Steel


• Alloy Steel


• Cast Iron


• Others

Global Trunnion and Floating Ball Valves Valve Size Outlook (USD Million, 2019-2032)

• Up To 2 Inches


• 3 Inches-12 Inches


• 13-48 Inches


• More Than 48 Inches

Global Trunnion and Floating Ball Valves Valve Rating Outlook (USD Million, 2019-2032)

• Under Class 50


• Class 50 To Class 150


• Class 300 To Class 600


• Class 900 To Class 1500


• More Than Class 1500

Global Trunnion and Floating Ball Valves Pressure Rating Outlook (USD Million, 2019-2032)

• 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

Global Trunnion and Floating Ball Valves API Standard Outlook (USD Million, 2019-2032)

• API 6D Valves


• API 6D Valves


• Others

Global Trunnion and Floating Ball Valves Application Outlook (USD Million, 2019-2032)

• Cryogenic Pipelines


• Gas Pipelines


• SPS (Subsea Production Systems)


• CCUS (Carbon Capture, Utilization, And Storage)


• Onshore


• Offshore


• Others

Trunnion and Floating Ball Valves Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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


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


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


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America