Global Ball Valves Market Is Anticipated To Reach $16.40 Billion By 2032

Zion Market Research has published a new report titled “Ball Valves Market by Material Type (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Brass, Bronze, and Others), by Valve Type (Trunnion Mounted, Floating, and Rising Stem), by Valve Size (Up To 1”, Between 1” and 6”, Between 6” and 25”, Between 25” and 50”, and More Than 50”), by End-Use Industry (Food & Beverages, Oil & Gas, Chemicals, Energy & Power, Water & Wastewater Treatment, Construction, Pulp & Paper, Pharmaceuticals, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global ball valves market evaluated at $11.88 billion in 2023 and is slated to hit $16.40 billion by the end of 2032 with a CAGR of nearly 3.65% between 2024 and 2032.

A ball valve is a sphere-shaped closing device that offers on/off flow control. These ball valves are utilized across various end-use industries to control operational conditions, such as transmission and storage, gas processing, industrial, etc. Ball Valves are used in multiple applications such as steam flow to heaters, gas pressure reduction, liquid flow control, etc. The global ball valves market is likely to experience significant growth over the forecast time period, owing to the growing number of expansions witnessed by the energy and power, robust industrialization, and substantial technological developments regarding the use of mechanical engineering-based procedures.

However, the lack of standardization of certifications and policies may hamper the ball valves market development globally. Additionally, a growing number of R&D activities, innovations in the technology of ball valves, and rising oil and gas exploration activities are expected to open new avenues for the global ball valves market in the future.

Browse the full “Ball Valves Market by Material Type (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Brass, Bronze, and Others), by Valve Type (Trunnion Mounted, Floating, and Rising Stem), by Valve Size (Up To 1”, Between 1” and 6”, Between 6” and 25”, Between 25” and 50”, and More Than 50”), by End-Use Industry (Food & Beverages, Oil & Gas, Chemicals, Energy & Power, Water & Wastewater Treatment, Construction, Pulp & Paper, Pharmaceuticals, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032?” Report at https://www.zionmarketresearch.com/report/ball-valves-market

The global ball valves market is mainly fragmented based on material type, valve type, valve size, and end-use industry. On the basis of material type, the ball valves market includes stainless steel, cast iron, alloy based, cryogenic, brass, bronze, and others. Stainless steel is expected to account for the largest market share over the forecast time period. Cryogenic is expected to register the highest CAGR in the future. Based on valve type, the global market includes rising stem, floating, and trunnion mounted. By valve size, the ball valves market comprises up to 1”, between 1” and 6”, between 6” and 25”, between 25” and 50”, and more than 50”.

The end-use industry segment is classified into oil and gas, food and beverages, energy and power, chemicals, construction, water and wastewater treatment, pharmaceuticals, pulp and paper, and others. The oil and gas industry was the most attractive market segment in 2018 and is anticipated to account for the maximum share of the ball valves market in upcoming years. The water and wastewater industry is expected to grow notably over the forecast period.

In 2018, Asia Pacific was the largest ball valves market globally. This growth can be principally attributed to the numerous initiatives taken by the different regional governments to encourage the implementation of IoT in companies across the region. Moreover, the Asia Pacific ball valves market is anticipated to be the fastest growing market globally over the next few years, owing to the increasing demand for ball valves, especially from food and beverage, energy and power, pharmaceutical, water and wastewater, and chemical industries. North America is a developed ball valves market, as ball valves are used in advanced safety systems across end-user industries.

Ball Valves Market: Competitive Space

The global ball valves market profiles key players such as:

• Flowserve Corporation
• Emerson Electric
• Crane
• Cameron–Schlumberger
• Kitz Corporation
• IMI PLC
• Neway Valves
• Metso
• Weir Group
• Velan
• Astech Valve
• Conbraco Industries
• Christian Bürkert

This report segments the global ball valves market into:

Global Ball Valves Market: Material Type Analysis

• Stainless Steel
• Cast Iron
• Alloy Based
• Cryogenic
• Brass
• Bronze
• Others

Global Ball Valves Market: Valve Type Analysis

• Trunnion Mounted
• Floating
• Rising Stem

Global Ball Valves Market: Valve Size Analysis

• Up to 1”
• Between 1” and 6”
• Between 6” and 25”
• Between 25” and 50”
• More Than 50”

Global Ball Valves Market: End-Use Industry Analysis

• Food and Beverages
• Oil and Gas
• Chemicals
• Energy and Power
• Water and Wastewater Treatment
• Construction
• Pulp and Paper
• Pharmaceuticals
• Others

Global Ball Valves Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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