The market for ball valves is expected to grow at a CAGR of around 3.4% from 2020 to 2027 and expected to reach the market value of around US$ 15,807.9 Mn by 2027.
Ball valves or shut-off valves are the forms of a quarter-turn valve that uses hollow, perforated, and pivoting ball to control flow the flow of a liquid or gas. By rotating the ball a quarter-turn or 900 around its axis, the medium can be blocked or flow through. Ball valves are also used as a control valve and also offer advantages such as reliable sealing in the case of dirty media.
The rapid industrialization in developing economies along with the concept of Industry 4.0 is driving the market growth. The Internet of Things (IoT) for customized products has emerged along with the industrial revolution is supporting the market value. The increasing energy consumption due to industrialization, urbanization, and smart city initiatives, and rising awareness and concern about safety is propelling the market value. Furthermore, the high demand for modernized process plants is anticipated to create potential demand over the estimated period from 2020 to 2027.
On the other side, lack of standardization in certifications and policies is projected to limit the growth to an extent over the estimated time-period from 2020 to 2027.
Stainless Steel registered maximum share in the global market
By material, the stainless steel segment is leading the market with major revenue share (%). The segment is gaining growth on account of increasing demand for high-quality ball valves in critical processes, such as water and steam handling, in food & beverages, and chemical industries to erase the threat of contamination.
The Asia Pacific accounted for the maximum share in the global market
In 2019, Asia Pacific has registered a major share (%) in the global ball valves market and also projected to maintain its dominance over the estimated period. The region is particularly gaining pace on account of the major economies of the region including Japan, China, and India. The emerging economies China and India are majorly contributing to the regional market value. Rapid industrialization is the primary factor propelling the regional market value. The increasing investments on energy infrastructure and rising demand for electricity due to the surging population, the government focus towards the better product quality and power reliability, and rising investment by chemical companies for the expansion of their facility in the Asia-Pacific region, due to low-cost labor are some of the prominent factors driving the market value. Moreover, the region is also projected to experience the fastest growth with major CAGR (%) throughout the forecast timeframe from 2020 to 2027.
The players profiled in the report include Burkert Fluid Control System, Cameron – Schlumberger, Crane Co, Emerson, Flowserve, IMI PLC, Kitz Corporation, Metso Corporation, Neway Valve (Suzhou) Co., Ltd., and Weir Group. The major ball valves players were involved in strategic developments for escalating the profit share in regional as well as global market. The major investments were announced for the technological advancements associated with the changing consumer demand for the ball valves.
Market By Material
Others (Brass, Bronze, and Plastic)
Market By Valve Type
Trunnion Mounted Ball Valves
Floating Ball Valves
Rising Stem Ball Valves
Market By Size
Up To 1”
1” to 6”
6” to 25”
25” to 50”
50” and Larger
Market By Industry
Oil & Gas
Energy & Power
Water & Wastewater
Building & Construction
Metal & Mining
Paper & Pulp
Food & Beverages
Others (Semiconductor, Textile, and Glass)
Market By Geography
Middle East & Africa
The market for ball valves is expected to reach a market value of around US$ 15,807.9 Mn by 2027.
The ball valves market is expected to grow at a CAGR of around 3.4% from 2020 to 2027.
The stainless steel is the leading segment by material in the ball valves market.
The rapid industrialization in developing economies, Internet of Things (IoT) for customized products, increasing energy consumption due to industrialization, urbanization, and smart city initiatives, and rising awareness and concern about the safety are the key drivers of the global ball valves market.
Burkert Fluid Control System, Cameron – Schlumberger, Crane Co, Emerson, Flowserve, IMI PLC, Kitz Corporation, Metso Corporation, Neway Valve (Suzhou) Co., Ltd., and Weir Group are the prominent players in the market.
Asia Pacific held the highest market share in the ball valves market.
Asia Pacific is expected to be the fastest growing market over the forecast period.