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The global ball valves market grew at a CAGR of around 6% during 2015-2020. 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. Looking forward, IMARC Group expects the global ball valves market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ball valves market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, material, valve type, size and end use industry.
Breakup by Material:
Breakup by Valve Type:
Breakup by Size:
Breakup by End Use Industry:
Breakup by Region:
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.
According to the estimates by IMARC Group, the global ball valves market is expected to witness moderate growth during 2021-2026.According to the estimates by IMARC Group, the global ball valves market is expected to witness moderate growth during 2021-2026.
The increasing adoption of ball valves in the healthcare sector to manufacture medical devices, manage pressure relief in the equipment, and sterilize materials, represents one of the key drivers for the global ball valves market.
The emergence of Industry 4.0 trends, along with the rising utilization of automated industrial machinery, represent some of the key trends in the global ball valves market.
Sudden outbreak of the COVID-19 pandemic had led to the increase in demand of ball valves across the healthcare sector to be utilized in oxygen therapy devices and blood analyzers.
On the basis of the material, the market has been segregated into stainless steel, cast iron, alloy based, and others. Currently, stainless steel dominates the global market.
On the basis of the valve type, the market has been bifurcated into trunnion mounted ball valves, floating ball valves, and rising stem ball valves. Currently, trunnion mounted ball valves hold the majority of the total market share.
On the basis of the end-use industry, the market has been segmented into oil & gas, water & wastewater treatment, energy & power, food & beverages, chemicals, building & construction, pulp & paper, pharmaceutical, metals & mining, agriculture, and others. At present, the oil & gas industry exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global ball valves market are 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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