Ball Valves Market Size Worth $18.12 Billion By 2030 | CAGR: 4.3%

The global ball valves market size is expected to reach USD 18.12 billion by 2030, according to a new study by Polaris Market Research. The report “Ball Valves Market Share, Size, Trends, Industry Analysis Report, By Material (Mild Ball Valves, Medium Ball Valves, Extreme Ball Valves); By Type; By Size; By Industry; By Region; Segment Forecast, 2022-2030” provides a thorough understanding of the dynamics of the market now and analyses how the market will expand in the future.

Industrial infrastructure is rapidly developing due to rising urbanization and population. With the integration of relevant technology and management, some cities respond quickly and correctly to crises in energy, transportation, healthcare, education, and natural catastrophes, while also increasing their communities' inclusion, resilience, and sustainability. Cities are beginning to incorporate technology dynamism into municipal operations, including transportation and infrastructure restoration, and will continue to do so in the future.

The growing product demand from the medical and pharmaceutical industries is driving the market. The valves are widely employed in the fabrication of medical devices, the management of pressure relief in equipment, and the sterilization of materials. Ball valves are also utilized in oxygen treatment equipment and blood analyzers in hospitals and other healthcare facilities, which drives demand. Additionally, broad product use for water and wastewater treatment is propelling market expansion.

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Various product advancements, such as the creation of smart valves, are also operating as growth drivers. By this, manufacturers are leveraging 3D printing technology to create cost-effective and long-lasting ball valves. Other reasons, including as the upgrade of current systems and the introduction of the Industrial Internet of Things (IIoT) in industrial facilities, are expected to propel the market even further.

Ball Valves Market Report Highlights

• Stainless steel segment is anticipated to grow at a significant CAGR over the forecast period owing due to the property of being more resistant to corrosion.
• Trunnion-mounted segment accounted for considerable global revenue share which is accelerated by the factor of decreased friction between the ball and seats by absorbing the thrust from the line pressure.
• 1”-5” is anticipated to grow at the fastest rate over the study period, the fact that it is because massive industries such as oil & gas require ball valves for better safety and security.
• Energy & power segment is projected to garner the largest revenue share, as it is utilized to offer safety in critical applications in the energy and electricity sectors.
• Asia-Pacific segment accounted to dominate the market during the forecast period, which is accelerated due to China's strong industrial foundation such as chemical manufacturing and petroleum refining, as well as public utilities such as electric power generation.
• The global players include Bray international, Crane Co., Emerson Electric Co., Flowserve Corporation, IMI plc, KITZ Corporation, Schlumberger, Spirax Sarco Limited, and Trillium Flow Technologies

Polaris Market Research has segmented the ball valves market report based on material, type, size, industry, and region:

Ball Valves Market, Material Outlook (Revenue - USD Billion, 2022 - 2030)

• Steel
• Cast Iron
• Cryogenic
• Alloy Based
• Others

Ball Valves Market, Type Outlook (Revenue - USD Billion, 2022 - 2030)

• Trunnion-mounted Ball Valves
• Floating Ball Valve
• Rising Stem Ball Valve

Ball Valves Market, Size Outlook (Revenue - USD Billion, 2022 - 2030)

• <1”
• 1”?5”
• 6”–24”
• 25”–50”
• >50

Ball Valves Market, Industry Outlook (Revenue - USD Billion, 2022 - 2030)

• Oil & Gas
• Energy & Power
• Water & Wastewater Treatment
• Chemicals
• Building & Construction
• Pharmaceuticals
• Agriculture
• Metals & Mining
• Pulp & Paper
• Food & Beverages
• Others

Ball Valves Market, Regional Outlook (Revenue - USD Billion, 2022 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa