[Latest] Global Ball Valves Market Size/Share Worth USD

Austin, TX, USA, April 05, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Ball Valves Market Size, Trends and Insights By Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others), By Valve Type (Trunnion Mounted ball Valves, Floating Ball Valve, Rising Stem Ball Valve, Others), By Size (Up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and Large), By End Use Industry (Oil and Gas, Energy and Power, Chemicals, Water and Wastewater, Building and Construction, Pharmaceuticals, Agriculture, Metal and Mining, Paper and Pulp, Food and Beverages, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Ball Valves Market size & share was valued at approximately USD 14.2 Billion in 2023 and is expected to reach USD 14.8 Billion in 2024 and is expected to reach a value of around USD 22.5 Billion by 2033, at a compound annual growth rate (CAGR) of about 4.7% during the forecast period 2024 to 2033.”

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Ball Valve Market: Growth Factors and Dynamics

Increasing Industrialization and Infrastructure Development: The Ball Valve market is experiencing growth due to the global trend of increasing industrialization and infrastructure development. As industries expand and new infrastructure projects emerge, there is a rising demand for reliable and efficient flow control solutions, with ball valves being a popular choice due to their versatility and durability.

Stringent Regulations Driving Adoption: The growing emphasis on environmental and safety regulations is a significant factor propelling the ball valve market. Industries are required to adhere to stringent standards, and ball valves, known for their robustness and ability to control flow effectively, are being widely adopted to meet these regulatory requirements.

Technological Advancements and Innovation: Ongoing technological advancements in ball valve design and materials contribute to market growth. Manufacturers are investing in research and development to introduce innovations such as smart valves, which can be remotely monitored and controlled. This technology integration enhances efficiency, reduces downtime, and meets the evolving needs of various industries.

Rising Demand for Energy Exploration and Production: The global demand for energy, particularly in oil and gas exploration and production, is driving the ball valve market. Ball valves play a crucial role in controlling the flow of fluids in pipelines and drilling operations. As the energy sector continues to expand, the demand for reliable and high-performance valves is expected to grow.

Increased Focus on Water and Wastewater Treatment: The growing concerns related to water scarcity and environmental pollution have led to increased investments in water and wastewater treatment facilities. Ball valves are extensively used in these applications for their ability to handle a wide range of fluids and maintain tight shut-off, contributing to the overall growth of the market.

Globalization and International Trade: The globalization of markets and increased international trade activities have a positive impact on the ball valve market. Industries involved in the transportation of liquids and gases across borders require efficient flow control systems, and ball valves are preferred for their reliability, ease of maintenance, and cost-effectiveness. As global trade continues to expand, the demand for ball valves is expected to remain robust.

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Ball Valve Market: Partnership and Acquisitions

In 2023, Flowserve Corporation launched the Worcester® 51/52 Series Reduced Port Flanged Ball Valves, featuring a standardized design, materials, and certifications for global availability. These quarter-turn valves cater to diverse industries, emphasizing consistency and reliability in flow control solutions.

In 2022, GF Piping Systems unveiled the 543 Pro, a new ball valve designed for the chemical process industry, desalination, and water treatment. Building on the company’s established design, it incorporates enhanced features, including a safety-focused lever mechanism that prevents unintentional operation through the introduction of a locking ring.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 14.8 Billion
Projected Market Size in 2033	USD 22.5 Billion
Market Size in 2023	USD 14.2 Billion
CAGR Growth Rate	4.7% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Material, Valve Type, Size, End Use Industry and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Ball Valves report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Ball Valves report has been modified to include the COVID-19 impact study prior to delivery.)

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Ball Valve Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Ball Valves Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Supply Chain Disruptions: The COVID-19 pandemic led to widespread disruptions in global supply chains, affecting the production and distribution of ball valves. Lockdowns, restrictions on movement, and factory closures resulted in delays in the delivery of raw materials and components, impacting the overall manufacturing process.

Reduced Industrial Activities: Many industries, including manufacturing and construction, experienced slowdowns or temporary shutdowns during the pandemic, leading to a decreased demand for ball valves. Projects were delayed or put on hold, affecting the overall market demand for flow control solutions.

Acceleration of Digitalization and Automation: Post-COVID-19, there is an increased focus on digitalization and automation across industries. This trend benefits the ball valve market as smart valves and automated control systems gain prominence, offering enhanced monitoring and control capabilities, and reducing the need for physical presence and manual intervention.

Resilience in Energy Sector: As the energy sector rebounds from the impact of the pandemic, there is a renewed demand for ball valves, especially in oil and gas exploration and production. The recovery of energy-related projects contributes significantly to the revival of the ball valve market.

Emphasis on Infrastructure Development: Governments worldwide are investing in infrastructure projects to stimulate economic recovery. This includes investments in sectors such as water treatment, power generation, and transportation, all of which drive the demand for ball valves in various applications.

Adoption of Remote Monitoring Solutions: To adapt to the challenges posed by the pandemic, industries are increasingly adopting remote monitoring and maintenance solutions. This trend benefits the ball valve market, as these technologies enhance the efficiency of valve systems and reduce the need for on-site inspections and repairs.

Rising Demand for Water and Wastewater Treatment: The importance of water and wastewater treatment has become even more evident during the pandemic. As countries invest in upgrading and expanding their water infrastructure, the demand for ball valves in these applications is expected to grow, contributing to the market recovery.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Ball Valve Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the Ball Valves market and what is its expected growth rate?
What are the primary driving factors that push the Ball Valves market forward?
What are the Ball Valves Industry's top companies?
What are the different categories that the Ball Valves Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Ball Valves market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Ball Valves Market – Regional Analysis

The Ball Valves Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, the ball valves market experiences a trend towards sustainability, with an emphasis on energy-efficient and environmentally friendly valve solutions. The region also witnesses an increased demand for smart valves in industrial automation, reflecting a commitment to technological advancements and operational efficiency.

Europe: Europe’s ball valves market trends involve a strong focus on regulatory compliance and adherence to stringent environmental standards. The region sees a rise in demand for ball valves with low emissions and enhanced safety features. Additionally, there is a growing interest in sustainable materials and circular economy practices within the valve manufacturing industry.

Asia-Pacific: The Asia-Pacific region witnesses dynamic trends in the ball valves market driven by rapid industrialization and infrastructure development. Emerging economies in this region demand cost-effective yet technologically advanced ball valve solutions. There’s also a surge in investments in smart water management systems, boosting the adoption of intelligent ball valves in the Asia-Pacific market.

LAMEA (Latin America, Middle East, and Africa): LAMEA’s ball valves market is characterized by a focus on the oil and gas sector, with increasing investments in energy exploration and production. The region experiences a trend towards adopting corrosion-resistant materials in valve manufacturing, particularly in harsh environments. Additionally, smart valve technologies gain traction, contributing to improved operational efficiency.

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Browse the full “Ball Valves Market Size, Trends and Insights By Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others), By Valve Type (Trunnion Mounted ball Valves, Floating Ball Valve, Rising Stem Ball Valve, Others), By Size (Up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and Large), By End Use Industry (Oil and Gas, Energy and Power, Chemicals, Water and Wastewater, Building and Construction, Pharmaceuticals, Agriculture, Metal and Mining, Paper and Pulp, Food and Beverages, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/ball-valves-market/

List of the prominent players in the Ball Valve Market:

Emerson Electric Co.
Flowserve Corporation
Cameron International Corporation (A Schlumberger Company)
KITZ Corporation
Crane Co.
IMI plc
Velan Inc.
Metso Corporation
Weir Group plc
Spirax-Sarco Engineering plc
Apollo Valves (Conbraco Industries)
Swagelok Company
Curtiss-Wright Corporation
AVK Group
Bonney Forge Corporation
Others

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The Ball Valve Market is segmented as follows:

By Material

Stainless Steel
Cast Iron
Alloy Based
Cryogenic
Others

By Valve Type

Trunnion Mounted ball Valves
Floating Ball Valve
Rising Stem Ball Valve
Others

By Size

Up to 1”
1” to 6”
6” to 25”
25” to 50”
50” and Large

By End Use Industry

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

Click Here to Get a Free Sample Report of the Global Ball Valves Market @ https://www.custommarketinsights.com/report/ball-valves-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Ball Valves Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Ball Valves Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Ball Valves Market? What Was the Capacity, Production Value, Cost and PROFIT of the Ball Valves Market?
What Is the Current Market Status of the Ball Valves Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Ball Valves Market by Considering Applications and Types?
What Are Projections of the Global Ball Valves Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Ball Valves Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Ball Valves Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Ball Valves Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Ball Valves Industry?

Click Here to Access a Free Sample Report of the Global Ball Valves Market @ https://www.custommarketinsights.com/report/ball-valves-market/

Reasons to Purchase Ball Valves Market Report

Ball Valves Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Ball Valves Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Ball Valves Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Ball Valves Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Ball Valves market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Ball Valves market analysis.

The competitive environment of current and potential participants in the Ball Valves market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Ball Valves market should find this report useful. The research will be useful to all market participants in the Ball Valves industry.
Managers in the Ball Valves sector are interested in publishing up-to-date and projected data about the worldwide Ball Valves market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Ball Valves products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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