Ball Valves Market

Ball Valves Market was valued at USD 12.0 billion in 2021 and is forecast to touch USD 16.7 billion in 2029, and the market is expected to grow at a CAGR 4.2%.

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Major Ball Valves Market Drivers

The factors driving the global ball valves market include increasing demand for replacement of the old pipelines in the energy, power and water supply line along with rising adoption of smart valves in the healthcare, food & beverages, and pharmaceuticals industries due to industrialization and rapid urbanization. Increasing demand for ball valves due to surge in the development of smart cities projects with growing energy power plant projects such as nuclear, hydraulic, thermal to meet the global energy demand has propelled the market growth. For instance, according to the World Nuclear World Organization Report, globally around 10% of the electricity is generated by about 440 nuclear power reactors and over 50 more nuclear reactors are under construction which will create massive demand for global ball valves market in energy sector.

Also, several leading players are launching the new technology based smart sensing valves for the global industry 4.0 revolution owing to increasing manufacturing capabilities and growing globalization and industrializations demand to control the flow of fluids. For instance, in 2020, SPX FLOW has launched “BLV1 Series” a new range of ball valves with APV brand. The ‘BLV1 Series’ has extensive portfolio of valves with wide range of applications such as in food & beverage, dairy, chemical processing, personal care, and other industries. The new valves have high durability and suitable for variety of hygienic and non-hygienic applications.

Restraint in the Ball Valves Market

However, high capital cost required for establishment of new manufacturing plant, fluctuation in raw material prices may hamper the global ball valves market.

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Type- Segmentation Analysis

Based on the product, standard (threaded) segment has the highest share for the global ball valves market during the forecast period; this is primarily attributed to its low cost and wide range of options for operating under high pressure and temperature conditions

Product- Segment Analysis

Based on the product, hydraulic expected to grow at the fastest rate in the global ball valves market during the study forecast period; this is primarily attributed to increasing demand in the oil and gas exploration activities to control the flow of fluids with growing exploration activities around the globe. For instance, in 2020, Oil India Ltd, one of the largest oil producers in India has started exploration for oil and gas in the Andaman Sea, India. It created massive demand for the hydraulic ball valves market in India and around the globe.

Material – Segment Analysis

Based on the material, alloy-based segment is projected to have the largest market share over the forecast period in the global ball valves market, owing to it being less expensive, offers excellent heat conduction and good chemical and corrosion resistance properties.

End-User – Segment Analysis

Based on the end-user, food and beverages holds the highest market share in 2020 for the global ball valves market owing to surge in demand for the processed food and rising government initiatives and funding for enhancing the global process food production to meet huge population demand. For instance, in 2021, Federal government of Australia have launched US$1.38 million for the food & beverage initiative. The Australian Government has opened grant applications its six National Manufacturing Priority sectors for food and beverages with funding between $1 million and $20 million.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific region is dominated the global ball valves market in 2019 due to the presence of the huge population and presence of several manufacturing companies. Also, growing demand in the energy sector as well as surge in government and private investments in food and beverages in Asia-Pacific region due to low cost labour availability have impelled the market growth For instance, in 2019, PepsiCo planned to invest US$ 70 million for setting up food manufacturing plant in Uttar Pradesh, India. PepsiCo have planned to partner with local bottling Varun Beverages that will also enhance cold storage infrastructure. It created massive demand for the ball valves market in the market.

Top Market Players

Various notable players operating in the market, include KITZ Corporation, Mueller Water Products Inc., Emerson Electric Co., Cameron–Schlumberger Ltd., Crane Co, Flowserve Corporation, ALFA LAVAL, Hitachi Ltd, Honeywell International Inc., Curtiss-Wright Corporation, Danfoss A/S, and among others. 

Key Developments:

• • In 2020, Festo launched new ball valve unit with manual and automatic actuator capabilities. Also, the company have launched a new configuration system for users for creating a custom valve with KVZB range. The new valves utilize a stainless-steel ball valve, support double-acting and single-acting modes of operation and can be rated for up to 1000 PSI operating pressures.
  • In 2020, Indutrade has signed an agreement for acquiring Jouka OY which designs and manufacturers ball valves and integrated ball valve solutions with a high degree of customisation
  • In 2019, KLINGER Group has completed the acquisition of the Burocco, an Italian industrial valve manufacturer. KLINGER in collaboration with Burocco will supply valves to the wide range of industries including pharmaceutical, chemical, natural gas, cryogenic, steel and sanitary industries worldwide and to OEMs.

Segments covered in the Report:

The global ball valves market has been segmented on the basis of type, product, material, size, end-user and key regions. Based on product, the global ball valves market is divided into Flanged, Trunnion Mounted ball Valves, Standard (threaded), Vented, Floating and Rising Stem Ball Valve. Based on type, the market is divided into Manual ball valves, Electric Ball valves, Pneumatic Actuated Ball Valves, Automatic ball valves, Hydraulic. Based on material, the global market is divided into Cast Iron, Stainless Steel, Alloy Based, Cryogenic, Plastic and Others. Depending upon size, the global market is divided into 1” to 6”, 6” to 25”, 25” to 50”, 50” and Larger. Based on end user, the market is divided into energy and power, food and beverages, oil and gas, chemicals, water and wastewater, building and construction, pharmaceuticals, agriculture, metal and mining, paper and pulp and others. 

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Report Coverage	Details
Market Revenues (2021)	USD 12.0 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By Product, By Material, By Size, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	KITZ Corporation, Mueller Water Products Inc., Emerson Electric Co., Cameron–Schlumberger Ltd., Crane Co, Flowserve Corporation, ALFA LAVAL, Hitachi Ltd, Honeywell International Inc., CURTISS-WRIGHT CORPORATION, Teijin, Danfoss A/S, Webasto SE and among others.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ball Valves Market by Type

• • Flanged
  • Trunnion Mounted ball Valves
  • Standard (threaded)
  • Vented
  • Floating
  • Rising Stem Ball Valve

Global Ball Valves Market by Product

• • Manual ball valves
  • Electric Ball valves
  • Pneumatic Actuated Ball Valves
  • Automatic ball valves
  • Hydraulic

Global Ball Valves Market by Material

• • Cast Iron
  • Stainless Steel
  • Alloy Based
  • Cryogenic
  • Plastic
  • Others

Global Ball Valves Market by Size

• • 1” to 6”
  • 6” to 25”
  • 25” to 50”
  • 50” and Larger

Global Ball Valves Market by End-User

• • Energy and Power
  • Food and Beverages
  • Oil and Gas
  • Chemicals
  • Water and Wastewater
  • Building and Construction
  • Pharmaceuticals
  • Agriculture
  • Metal and Mining
  • Paper and Pulp
  • Others

Global Ball Valves Market by Region

• • North America Ball Valves Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Product
    • By Material
    • By Size
    • By End-User
    • US All-Up
    • Canada All-Up

  • Europe Ball Valves Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Product
    • By Material
    • By Size
    • By End-User
    • UK All-Up
    • Germany All-Up
    • France All-Up
    • Spain All-Up
    • Rest of Europe All-Up

  • Asia-Pacific Ball Valves Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Product
    • By Material
    • By Size
    • By End-User
    • China All-Up
    • India All-Up
    • Japan All-Up
    • Rest of APAC All-Up

  • RoW Ball Valves Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Product
    • By Material
    • By Size
    • By End-User
    • Brazil All-Up
    • South Africa All-Up
    • Saudi Arabia All-Up
    • UAE All-Up
    • Rest of world (remaining countries of the LAMEA region) All-Up

Major Players Operating in the Ball Valves (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • KITZ Corporation
  • Mueller Water Products Inc.
  • Emerson Electric Co.
  • Webasto SE
  • Idemitsu
  • Crane Co
  • Flowserve Corporation
  • ALFA LAVAL
  • Hitachi Ltd
  • Honeywell International Inc.
  • CURTISS-WRIGHT CORPORATION
  • Teijin
  • Danfoss A/S