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:
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Billion
Segment Coverage
Material, Valve Type, Size, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
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10% Free Customization
Report Price and Purchase Option
Post-Sale Analyst Support
10-12 Weeks
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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