Ball Valves Market by Size (Up to 1”, 1”–6”, 6” to 25”, 25” to 50”, 50” and Above), Type (Trunnion Mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Vertical, and Geography - Global Forecast to 2023

The increasing demand for industrialization in emerging economies, the evolution of Industrial Internet of Things (IIoT), and the demand for process safety are the key driving factors for the growth of the ball valves market. The market was valued at USD 11.77 Billion in 2016 and is expected to grow at a CAGR of 2.9% between 2017 and 2023. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the ball valves market based on type, size, material, vertical, and geography. The report provides detailed information regarding the major factors influencing the growth of this market. The report also provides a detailed overview of the value chain of the ball valves market.

The research methodology used to estimate and forecast the ball valves market begins with obtaining data through secondary research such as Valves Manufacturers Association, Automation Association, Industrial Internet Consortium, and the newsletters and whitepapers of the leading players in this market. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:

To know about the assumptions considered for the study, download the pdf brochure

The ball valves ecosystem comprises raw material providers, original equipment manufacturers (OEMs), and end-user industries. The players involved in the development of ball valves include Emerson Electric (US), Flowserve Corporation (US), Cameron-Schlumberger Ltd. (US), and IMI PLC (England), among others.

Target audience of the report:

• Industrial valves manufacturers
• Manufacturers of components such as actuators, positioners, and related accessories
• Professional services/solutions providers
• End users from the listed industries
• Process industry standard organizations and regulatory authorities
• Research institutes and organizations
• Associations of valve manufacturers
• Government bodies, venture capitalists, and private equity firms

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the overall ball valves market on the basis of type, size, material, vertical, and geography.

By Type

• Trunnion Mounted
• Floating
• Rising Stem

By Size

• Up to 1”
• 1”–6”
• 6”–25”
• 25”–50”
• 50” and above

By Material

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

By Vertical

• Oil & Gas
• Water & Wastewater
• Energy & Power
• Chemicals
• Food & Beverage
• Pharmaceuticals
• Building & Construction
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Rest of the World (RoW)
  • South America
  • Middle-East
  • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 List of Major Secondary Sources
                    2.1.2.2 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Key Data From Primary Sources
                    2.1.3.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities for the Ball Valves Market
    4.2 Ball Valve Market, By Type (2017–2023)
    4.3 Ball Valve Market, By Vertical and Geography (2017)
    4.4 Ball Valve Market, By Geography (2017)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Process Plant Modernization
                    5.2.1.2 Growth in Energy Consumption
                    5.2.1.3 Increasing Manufacturing Industry in the Middle East
                    5.2.1.4 Demand for Process Safety
           5.2.2 Restraints
                    5.2.2.1 Slowdown of the Mining Industry in APAC, Latin America, and Africa
           5.2.3 Opportunities
                    5.2.3.1 Connected Valves
           5.2.4 Challenges
                    5.2.4.1 Lead Time

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis

7 Ball Valves Market, By Type (Page No. - 42)
    7.1 Introduction
    7.2 Trunnion Mounted Ball Valves
    7.3 Floating Ball Valves
    7.4 Rising Stem Ball Valves

8 Ball Valves Market, By Size (Page No. - 47)
    8.1 Introduction
    8.2 Ball Valves of Size- Up to 1”
    8.3 Ball Valves of Size- 1”–6”
    8.4 Ball Valves of Size -6” to 25”
    8.5 Ball Valves of Size- 25” to 50”
    8.6 Ball Valves of Size- 50” and Above

9 Ball Valves Market, By Material (Page No. - 52)
    9.1 Introduction
    9.2 Cast Iron
    9.3 Stainless Steel
    9.4 Cryogenic
    9.5 Alloy
    9.6 Others

10 Ball Valves Market, By Vertical (Page No. - 57)
     10.1 Introduction
     10.2 Oil & Gas
     10.3 Water & Wastewater
     10.4 Energy & Power
     10.5 Pharmaceuticals
     10.6 Food & Beverage
     10.7 Chemicals
     10.8 Building and Construction
     10.9 Others

11 Geographical Analysis (Page No. - 65)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 APAC
     11.5 RoW

12 Competitive Landscape (Page No. - 123)
     12.1 Overview
     12.2 Market Rank Analysis: Ball Valves Market
     12.3 Competitive Situation and Trends
     12.4 Vendor Dive Overview
             12.4.1 Vanguards
             12.4.2 Innovator
             12.4.3 Dynamic
             12.4.4 Emerging
     12.5 Competitive Benchmarking
             12.5.1 Business Strategies Adopted By Major Players By Market (For All 25 Players)
             12.5.2 Analysis of Product Portfolios of Major Players By Market (For All 25 Players)

Top 25 Companies Analyzed for This Study are - Emerson Electric (US), Cameron (US), Flowserve (US), IMI PLC (England), Metso (Finland), Neway Valves (China), Weir Group (UK), Kitz Corporation (Japan), Jc Valves (Spain), Crane Co. (US), Gwc Italia (Italy), Velan Inc. (Canada), Curtiss-Wright (US), Alfa Laval (Sweden), Burkert Fluid Control System (Germany), Apollo Valves (US), Valvitalia S.P.A (Italy), Forum Energy Technology (US), Swagelok (US), Mrc Global Inc. (US), Hamlet (Israel), Flomatic Corporation (US), Dwyer Instruments Inc. (US), Astech Valve Co. Ltd. (Taiwan), Mir Valves (Malaysia)

13 Company Profiles (Page No. - 129)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.1 Introduction
     13.2 Emerson
     13.3 Flowserve Corporation
     13.4 Cameron–Schlumberger Ltd.
     13.5 Crane Co.
     13.6 IMI PLC.
     13.7 Kitz Corporation
     13.8 Metso
     13.9 Neway Valves Co. Ltd.
     13.10 Velan Inc.
     13.11 Weir Group PLC
     13.12 Burkert Fluid Control Systems
     13.13 Curtiss-Wright Corporation
     13.14 Alfa Laval
     13.15 Apollo Valves
     13.16 Valvitalia S.P.A

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 172)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (152 Tables)

Table 1 Ball Valves Market, 2014–2023 (USD Billion)
Table 2 Ball Valves Market, By Type, 2014–2023 (USD Million)
Table 3 Trunnion Mounted Ball Valves Market, By Vertical, 2014–2023 (USD Million)
Table 4 Floating Ball Valves Market, By Vertical, 2014–2023 (USD Million)
Table 5 Rising Stem Ball Valves Market, By Vertical, 2014–2023 (USD Million)
Table 6 Ball Valves Market, By Size, 2014–2023 (USD Million)
Table 7 Ball Valves Market for Size Up to 1”, By Type, 2014–2023 (USD Million)
Table 8 Ball Valves Market of Size 1” to 6”, By Type, 2014–2023 (USD Million)
Table 9 Ball Valves Market of Size 6”–25”, By Type, 2014–2023 (USD Million)
Table 10 Ball Valves Market of Size 25” to 50”, By Type, 2014–2023 (USD Million)
Table 11 Ball Valves Market of Size 50” and Above, By Type, 2014–2023 (USD Million)
Table 12 Ball Valves Market, By Material, 2014–2023 (USD Million)
Table 13 Cast Iron Market, By Type, 2014–2023 (USD Million)
Table 14 Stainless Steel Market, By Type, 2014–2023 (USD Million)
Table 15 Cryogenic Market, By Type, 2014–2023 (USD Million)
Table 16 Alloy Market, By Type, 2014–2023 (USD Million)
Table 17 Others Market, By Type, 2014–2023 (USD Million)
Table 18 Ball Valves Market, By Vertical, 2014–2023 (USD Million)
Table 19 Oil & Gas Market, By Region, 2014–2023 (USD Million)
Table 20 Water & Wastewater Market, By Region, 2014–2023 (USD Million)
Table 21 Energy and Power Market, By Region, 2014–2023 (USD Million)
Table 22 Pharmaceuticals Market, By Region, 2014–2023 (USD Million)
Table 23 Food and Beverage Market, By Region, 2014–2023 (USD Million)
Table 24 Chemicals Market, By Region, 2014–2023 (USD Million)
Table 25 Building and Construction Market, By Region, 2014–2023 (USD Million)
Table 26 Others Market, By Region, 2014–2023 (USD Million)
Table 27 Ball Valves Market, By Region, 2014–2023 (USD Million)
Table 28 Ball Valves Market, By Country, 2014–2023 (USD Million)
Table 29 By Market for the Oil & Gas Industry in the US, By Type, 2014–2023 (USD Million)
Table 30 By Market for the Oil & Gas Industry in Canada, By Type, 2014–2023 (USD Million)
Table 31 By Market for the Oil & Gas Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 32 By Market for the Water & Wastewater Industry in the US, By Type, 2014–2023 (USD Million)
Table 33 By Market for the Water & Wastewater Industry in Canada, By Type, 2014–2023 (USD Million)
Table 34 By Market for the Water & Wastewater Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 35 By Market for the Energy & Power Industry in the US, By Type, 2014–2023 (USD Million)
Table 36 By Market for the Energy & Power Industry in Canada, By Type, 2014–2023 (USD Million)
Table 37 By Market for the Energy & Power Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 38 By Market for the Pharmaceuticals Industry in the US, By Type, 2014–2023 (USD Million)
Table 39 By Market for the Pharmaceuticals Industry in Canada, By Type, 2014–2023 (USD Million)
Table 40 By Market for the Pharmaceuticals Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 41 By Market for the Food & Beverage Industry in the US, By Type, 2014–2023 (USD Million)
Table 42 By Market for the Food & Beverage Industry in Canada, By Type, 2014–2023 (USD Million)
Table 43 By Market for the Food & Beverage Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 44 By Market for the Chemical Industry in the US, By Type, 2014–2023 (USD Million)
Table 45 By Market for the Chemical Industry in Canada, By Type, 2014–2023 (USD Million)
Table 46 By Market for the Chemical Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 47 By Market for the Building & Construction Industry in the US, By Type, 2014–2023 (USD Million)
Table 48 By Market for the Building & Construction Industry in Canada, By Type, 2014–2023 (USD Million)
Table 49 By Market for the Building & Construction Industry in Mexico, By Type, 2014–2023 (USD Million)
Table 50 By Market for Others in US, By Type, 2014–2023 (USD Million)
Table 51 By Market for Others in Canada, By Type, 2014–2023 (USD Million)
Table 52 By Market for Others in Mexico, By Type, 2014–2023 (USD Million)
Table 53 Ball Valves Market in Europe, By Country, 2014–2023 (USD Million)
Table 54 By Market for Oil & Gas in UK, By Type, 2014–2023 (USD Million)
Table 55 By Market for Oil & Gas in Germany, By Type, 2014–2023 (USD Million)
Table 56 By Market for Oil & Gas in France, By Type, 2014–2023 (USD Million)
Table 57 By Market for Oil & Gas in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 58 By Market for Water & Wastewater in UK, By Type, 2014–2023 (USD Million)
Table 59 By Market for Water & Wastewater in Germany, By Type, 2014–2023 (USD Million)
Table 60 By Market for Water & Wastewater in France, By Type, 2014–2023 (USD Million)
Table 61 By Market for Water & Wastewater in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 62 By Market for Energy & Power in UK, By Type, 2014–2023 (USD Million)
Table 63 By Market for Energy & Power in Germany, By Type, 2014–2023 (USD Million)
Table 64 By Market for Energy & Power in France, By Type, 2014–2023 (USD Million)
Table 65 By Market for Energy & Power in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 66 By Market for Pharmaceuticals in UK, By Type, 2014–2023 (USD Million)
Table 67 By Market for Pharmaceuticals in Germany, By Type, 2014–2023 (USD Million)
Table 68 By Market for Pharmaceuticals in France, By Type, 2014–2023 (USD Million)
Table 69 By Market for Pharmaceuticals in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 70 By Market for Food & Beverage in UK, By Type, 2014–2023 (USD Million)
Table 71 By Market for Food & Beverage in Germany, By Type, 2014–2023 (USD Million)
Table 72 By Market for Food & Beverage in France, By Type, 2014–2023 (USD Million)
Table 73 By Market for Food & Beverage in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 74 By Market for Chemicals in UK, By Type, 2014–2023 (USD Million)
Table 75 By Market for Chemicals in Germany, By Type, 2014–2023 (USD Million)
Table 76 By Market for Chemicals in France, By Type, 2014–2023 (USD Million)
Table 77 By Market for Chemicals in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 78 By Market in UK in Building & Construction, By Type, 2014–2023 (USD Million)
Table 79 By Market for Building & Construction in Germany, By Type, 2014–2023 (USD Million)
Table 80 By Market for Building & Construction in France, By Type, 2014–2023 (USD Million)
Table 81 By Market for Building & Construction in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 82 By Market for Others in UK, By Type, 2014–2023 (USD Million)
Table 83 By Market for Others in Germany, By Type, 2014–2023 (USD Million)
Table 84 By Market for Others in France, By Type, 2014–2023 (USD Million)
Table 85 By Market for Others in Rest of Europe, By Type, 2014–2023 (USD Million)
Table 86 By Market, By Country, 2014–2023 (USD Million)
Table 87 By Market for Oil & Gas in China, By Type, 2014–2023 (USD Million)
Table 88 By Market for Oil & Gas in Japan, By Type, 2014–2023 (USD Million)
Table 89 By Market for Oil & Gas in India, By Type, 2014–2023 (USD Million)
Table 90 By Market for Oil & Gas in South Korea, By Type, 2014–2023 (USD Million)
Table 91 By Market for Oil & Gas in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 92 By Market for Water & Wastewater in China, By Type, 2014–2023 (USD Million)
Table 93 By Market for Water & Wastewater in Japan, By Type, 2014–2023 (USD Million)
Table 94 By Market for Water & Wastewater in India, By Type, 2014–2023 (USD Million)
Table 95 By Market for Water & Wastewater in South Korea, By Type, 2014–2023 (USD Million)
Table 96 By Market for Water & Wastewater in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 97 By Market for Energy & Power in China, By Type, 2014–2023 (USD Million)
Table 98 By Market for Energy & Power in Japan, By Type, 2014–2023 (USD Million)
Table 99 By Market for Energy & Power in India, By Type, 2014–2023 (USD Million)
Table 100 By Market for Energy & Power in South Korea, By Type, 2014–2023 (USD Million)
Table 101 By Market for Energy & Power in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 102 By Market for Pharmaceuticals in China, By Type, 2014–2023 (USD Million)
Table 103 By Market for Pharmaceuticals in Japan, By Type, 2014–2023 (USD Million)
Table 104 By Market for Pharmaceuticals in India, By Type, 2014–2023 (USD Million)
Table 105 By Market for Pharmaceuticals in South Korea, By Type, 2014–2023 (USD Million)
Table 106 By Market for Pharmaceuticals in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 107 By Market for Food & Beverage in China, By Type, 2014–2023 (USD Million)
Table 108 By Market for Food & Beverage in Japan, By Type, 2014–2023 (USD Million)
Table 109 By Market for Food & Beverage in India, By Type, 2014–2023 (USD Million)
Table 110 By Market for Food & Beverage in South Korea, By Type, 2014–2023 (USD Million)
Table 111 By Market for Food & Beverage in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 112 By Market for Chemicals in China, By Type, 2014–2023 (USD Million)
Table 113 By Market for Chemicals in Japan, By Type, 2014–2023 (USD Million)
Table 114 By Market for Chemicals in India, By Type, 2014–2023 (USD Million)
Table 115 By Market for Chemicals in South Korea, By Type, 2014–2023 (USD Million)
Table 116 By Market for Chemicals in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 117 By Market for Building & Construction in China, By Type, 2014–2023 (USD Million)
Table 118 By Market for Building & Construction in Japan, By Type, 2014–2023 (USD Million)
Table 119 By Market for Building & Construction in India, By Type, 2014–2023 (USD Million)
Table 120 By Market for Building & Construction in South Korea, By Type, 2014–2023 (USD Million)
Table 121 By Market for Building & Construction in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 122 By Market for Others in China, By Type, 2014–2023 (USD Million)
Table 123 By Market for Others in Japan, By Type, 2014–2023 (USD Million)
Table 124 By Market for Others in India, By Type, 2014–2023 (USD Million)
Table 125 By Market for Others in South Korea, By Type, 2014–2023 (USD Million)
Table 126 By Market for Others in Rest of APAC, By Type, 2014–2023 (USD Million)
Table 127 By Market, By Country, 2014–2023 (USD Million)
Table 128 By Market for Oil & Gas in South America, By Type, 2014–2023 (USD Million)
Table 129 By Market for Oil & Gas in Middle East, By Type, 2014–2023 (USD Million)
Table 130 By Market for Oil & Gas in Africa, By Type, 2014–2023 (USD Million)
Table 131 By Market for Water & Wastewater in South America, By Type, 2014–2023 (USD Million)
Table 132 By Market for Water & Wastewater in Middle East, By Type, 2014–2023 (USD Million)
Table 133 By Market for Water & Wastewater in Africa, By Type, 2014–2023 (USD Million)
Table 134 By Market for Energy & Power in South America, By Type, 2014–2023 (USD Million)
Table 135 By Market for Energy & Power in Middle East, By Type, 2014–2023 (USD Million)
Table 136 By Market for Energy & Power in Africa, By Type, 2014–2023 (USD Million)
Table 137 By Market for Pharmaceuticals in South America, By Type, 2014–2023 (USD Million)
Table 138 By Market for Pharmaceuticals in Middle East, By Type, 2014–2023 (USD Million)
Table 139 By Market for Pharmaceuticals in Africa, By Type, 2014–2023 (USD Million)
Table 140 By Market for Food & Beverage in South America, By Type, 2014–2023 (USD Million)
Table 141 By Market for Food & Beverage in Middle East, By Type, 2014–2023 (USD Million)
Table 142 By Market for Food & Beverage in Africa, By Type, 2014–2023 (USD Million)
Table 143 By Market for Chemicals in South America, By Type, 2014–2023 (USD Million)
Table 144 By Market for Chemicals in Middle East, By Type, 2014–2023 (USD Million)
Table 145 By Market for Chemicals in Africa, By Type, 2014–2023 (USD Million)
Table 146 By Market for Building & Construction in South America, By Type, 2014–2023 (USD Million)
Table 147 By Market for Building & Construction in Middle East, By Type, 2014–2023 (USD Million)
Table 148 By Market for Building & Construction in Africa, By Type, 2014–2023 (USD Million)
Table 149 By Market for Others in South America, By Type, 2014–2023 (USD Million)
Table 150 By Market for Others in Middle East, By Type, 2014–2023 (USD Million)
Table 151 By Market for Others in Africa, By Type, 2014–2023 (USD Million)
Table 152 Ranking of the Key Players in the Ball Valves Market, 2016

List of Figures (46 Figures)

Figure 1 Ball Valve Market Segmentation
Figure 2 Ball Valves Market: Research Design
Figure 3 Ball Valves Market: Bottom-Up Approach
Figure 4 Ball Valves Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Ball Valves Market Segmentation
Figure 8 Ball Valves Market for 1” Size Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Energy & Power Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Trunnion Mounted Ball Valves Market Holds the Largest Share During the Forecast Period
Figure 11 Cast Iron Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Asia Pacific to Register the Highest Growth During the Forecast Period
Figure 13 Growth in Energy Consumption Expected to Drive the Ball Valves Market in APAC During the Forecast Period
Figure 14 Trunnion Mounted Ball Valves Market Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 15 Chemical Expected to Hold the Largest Share of the Ball Valves Market Based on Verticals in 2017
Figure 16 US Expected to Hold the Largest Share of the Ball Valves Market in 2017
Figure 17 Value Chain Analysis: Major Value is Added During the Original Equipment Manufacturing (OEM) and System Integrators Phases
Figure 18 Trunnion Mounted Ball Valves Expected to Hold the Largest Size Between 2017 and 2023
Figure 19 1”–6” Size Ball Valves Expected to Hold the Largest Share Between 2017 and 2023
Figure 20 Ball Valves Market for Stainless Steel Expected to Hold the Largest Market Between 2017 and 2023
Figure 21 Oil & Gas Industry Expected to Hold the Largest Share Between 2017 and 2023
Figure 22 Ball Valves Market in South Korea to Grow at the Highest Rate During the Forecast Period
Figure 23 Overview of the Ball Valves Market in North America
Figure 24 US Expected to Hold the Largest Size of the Ball Valves Market in North America Between 2017 and 2023
Figure 25 Overview of the Ball Valves Market in Europe
Figure 26 Ball Valves Market in Germany Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 27 Overview of the Ball Valves Market in APAC
Figure 28 China Expected to Hold the Largest Size of the Ball Valves Market in APAC During the Forecast Period
Figure 29 Overview of the Ball Valves Market in RoW
Figure 30 Middle East Expected to Hold the Largest Size of the Ball Valves Market in RoW By 2023
Figure 31 Companies Adopted Product Development as the Key Growth Strategy Between 2014 and 2017(March)
Figure 32 Competition in Market Share: Contracts and Partnerships Were the Key Strategies Between 2014 and 2017(March)
Figure 33 Dive Chart
Figure 34 Geographic Revenue Mix of the Top 5 Players in the Ball Valves Market
Figure 35 Emerson: Company Snapshot
Figure 36 Flowserve Corporation: Company Snapshot
Figure 37 Cameron–Schlumberger Ltd.: Company Snapshot
Figure 38 Crane Co.: Company Snapshot
Figure 39 IMI PLC.: Company Snapshot
Figure 40 Kitz Corporation: Company Snapshot
Figure 41 Metso: Company Snapshot
Figure 42 Neway Valves Co. Ltd.: Company Snapshot
Figure 43 Velan Inc.: Company Snapshot
Figure 44 Weir Group PLC: Company Snapshot
Figure 45 Curtiss-Wright Corporation: Company Snapshot
Figure 46 Alfa Laval: Company Snapshot

The ball valves market is expected to be valued at USD 14.46 Billion by 2023, growing at a CAGR of 2.9% between 2017 and 2023. The growth of this market is propelled by the evolution of IIoT and developments in automation ecosystem such as mergers & acquisitions, collaborations, increasing demand for industrialization in emerging economies, and demand for process safety.

Trunnion mounted ball valves held the largest share of the ball valves market in 2016 and is expected to grow at a high rate between 2017 and 2023. Trunnion mounted ball valves are used in the building and construction vertical in various applications such as HVAC system, potable water discharge, fire protection, wastewater discharge, and others. They are also used for critical services in a variety of applications such as transmission and storage, gas processing, dryer sequence, compressor anti-surge, and others. Growth in energy consumption, new production technologies, demand for process safety, increasing focus on sustainability, and environmental regulations boost the trunnion mounted ball valves market.

Cast iron material is expected to grow at the highest growth rate in the forecast period. They are used for the manufacturing of common water valves in which pressure and temperature are not a severe issue. Cast iron tends to be brittle, except for malleable cast irons. With its relatively low melting point, good fluidity, castability, excellent machinability, resistance to deformation, and wear resistance, cast irons have become an engineering material with a wide range of applications and are used in pipes, machines, and automotive industry parts such as cylinder heads, cylinder blocks, and gearbox cases.

1”–6” size accounted for the largest share in the ball valves market in 2016. Ball valves of size 1”–6” are the most widely manufactured valves. These valves are selected on the basis of flow pressure, noise, media, and vibration. Flowserve Corporation (US), Velan Inc. (Canada), Neway Valves (China), Curtiss-Wright (US), and others manufacture these ball valves and supply them to various verticals such as oil and gas, water and wastewater, building and construction, and other general industries such as food and beverage, and pharmaceuticals.

The oil and gas application accounted for the largest share of the ball valves market in 2017. Since the past few years, the oil & gas industry has been witnessing challenges such as falling crude prices, sluggish demand and environmental concerns. Ball valves are used for critical services in a variety of applications such as transmission and storage, gas processing, dryer sequence, and compressor anti-surge among others.

APAC expected to hold the largest share of the ball valves market during the forecast period. Companies in APAC are emphasizing on modernizing their plants and facilities with advanced technologies. Furthermore, initiatives by the Chinese government to increase investments in process industries are driving the demand for the ball valves market in APAC.

The key restraining factor for the growth of the ball valves market is the slowdown in the mining activity in APAC, Latin America, and Africa.

Key market players such as Neway Valves (China) and Kitz Corporation (Japan) are focusing on strategies such as product launches, expansions, contracts, and collaborations to enhance their product offerings and expand their business.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst