Ball Valves Market

Ball Valves Industry worth $16.2 billion by 2027

The report "Ball Valves Market by Type (Trunnion-mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy-based), Size, Industry (Oil & Gas, Energy & Power, Water & Wastewater) and Region - Global Forecast to 2027" The ball valve market is projected to reach USD 16.2 billion by 2027 from USD 13.0 billion in 2022, growing at a CAGR of 4.5% from 2022 to 2027. The market growth is mainly attributed to the factors such as utilization of IIoT and digital transformation in industrial plants, application of 3D printing technology in valve manufacturing, and focus of industry players on offering improved customer services. These factors are expected to create high growth opportunities for the market.

Browse 179 market data Tables and 50 Figures spread through 199 Pages and in-depth TOC on "Ball Valves Market by Type (Trunnion-mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy-based), Size, Industry (Oil & Gas, Energy & Power, Water & Wastewater) and Region - Global Forecast to 2027"
View detailed Table of Content here -

Stainless steel to account for the largest share of ball valves market from 2022 to 2027.

Stainless steel is composed of iron alloys, chromium, and nickel. The chemical composition of stainless steel makes these valves highly corrosion-resistant and robust. Most common types of steels used in the manufacturing of valves are ferritic, austenitic, martensitic, duplex, and others. For instance, 329 series stainless steel’s micro-structure is a mixture of austenite and ferrite. 329 stainless steel is used as a stem material for ball valves. These valves work well in oil & gas, water & wastewater, pharmaceuticals, building & construction, and pulp and paper industries, more corrosion resistance is often required for these challenging service conditions.

Oil & gas accounted for the largest share of the ball valves market in 2021.

The oil & gas industry accounted for the largest share of the ball valves market in 2021 owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. The increasing demand for maintenance operations in oil & gas sector would create lucrative opportunities for companies. Furthermore, as most of the existing oil and gas refineries are aging, the requirements for maintenance operations would create more opportunities for maintenance services providers in oil & gas industries, thereby boosting the demand for valves.

Asia Pacific to account for the largest share of the ball valves market.

Asia Pacific accounted for the largest share of the overall ball valves market in 2021. The growth of the market in APAC can be mainly attributed to the numerous initiatives undertaken by regional governments to encourage the implementation of IoT in the industrial sector in APAC. Rapid population growth and urbanization in developing economies, such as China, Japan, and India, have led to the growth of the energy & power, water & wastewater treatment, building & construction, chemical, pharmaceutical, and oil & gas industries.

Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Valmet (Neles Corporation) (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US), and Velan, Inc. (Canada) are the key players in the ball valves market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

Don’t miss out on business opportunities in Ball Valves Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Ball Valves Market Size,  Share & Growth Report
Report Code
SE 5368
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Ball Valves Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2023 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets