Market Overview:

The global ball valves market is expected to exhibit a CAGR of 3.14% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A ball valve is a quarter-turn spherical closure device used to control the pressure and flow of suspended solids, slurries, liquids or gases in pipelines. The valve is usually manufactured using materials, such as cast iron, stainless steel, brass, bronze, titanium and plastics. It consists of a handle, a perforated, hollow and pivoting ball and is commonly available in full port, reduced port, cavity filler and multiport variants. It is used for bubble-tight applications, low-point drains, high-point vents and cooling water and feedwater systems. As a result, the ball valve finds extensive applications across various industries, including food & beverages, mining, oil and gas, agriculture, water & wastewater treatment, and building & construction.

The global ball valve market is primarily being driven by the increasing product demand from the medical and pharmaceutical industries. The valves are widely used to manufacture medical devices, manage pressure relief in the equipment and sterilize materials. Ball valves are also used in oxygen therapy devices and blood analyzers in hospitals and other healthcare centers, which is also driving their demand. Furthermore, widespread product adoption for water and wastewater treatment is also driving the market growth. Additionally, various product innovations, such as the development of smart valves, are acting as other growth-inducing factors. In line with this, product manufacturers are utilizing 3D printing technologies for producing cost-effective and durable ball valves. Other factors, including the upgradation of existing systems, along with the advent of the Industrial Internet of Things (IIoT) in industrial plants, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ball valves market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, valve type, size and end use industry.

Breakup by Material:

• Stainless Steel
• Cast Iron
• Alloy Based
• Others
   

Breakup by Valve Type:

• Trunnion Mounted Ball Valves
• Floating Ball Valves
• Rising Stem Ball Valves
   

Breakup by Size:

• Up To 1”
• 1-6”
• 6-25”
• 25-50”
• 50” and Larger
   

Breakup by End Use Industry:

• Oil & Gas
• Water & Wastewater Treatment
• Energy & Power
• Food & Beverages
• Chemicals
• Building & Construction
• Pulp & Paper
• Pharmaceuticals Metals & Mining
• Agriculture
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aalberts N.V., Alfa Laval, Schlumberger Limited, The Crane Company, The Curtiss-Wright Corporation, Dwyer Instruments Inc., Emerson Electric Co., The Flowserve Corporation, IMI Plc, KITZ Corporation, Niuwei Group Co. Ltd. and Velan Inc.

Report Coverage: