Ball Valves Market

Ball Valves Market Overview 

The global Ball Valves Market size was valued at USD 13.31 billion in 2023 and is predicted to reach USD 17.27 billion by 2030 with a CAGR of 4.1% from 2024-2030.  

Ball valves market also known as quarter turn valves market refers to the global industry that is involved in the manufacturing of quarter turn valves that are used to control the flow of liquid and gases in various industrial sectors. Quarter turn valves are characterised by their ease of operation, robust construction, reliability that features a spherical disc that helps to regulate the flow through rotating within the valve body. 

The advantage of quarter turn valves lies in is capability to offer efficient control flow, long service life, and the ability to operate under high pressure and temperature conditions. The Industrial ball valves offer reliable and efficient flow control solutions that makes it a crucial component in industrial operations.

Market Dynamics and Trends

The rapid growth of the oil and gas industry accelerates the need for reliable, efficient and durable flow, thereby propelling the market growth. The report of the International Agency report in 2023 states that global oil demand is expected to reach 105.7 million barrels per day by 2028. 

Floating ball valves are capable of robust performance in high pressure and high temperature environments that help to ensure safe and efficient operations to minimize leakage and downtime. The surge in oil and gas industry propels the demand of quarter turn valves to ensure efficient control of oil flow and emergency shut down when necessary. 

Additionally, the surge in pharmaceutical sector propels the need for equipment to maintain hygiene standard and prevent contamination on medical drugs production that in turn accelerates the market growth. 

The report of the European Federation of Pharmaceutical Industries and Associations (EFPIA) accounted for around USD 1256.8 billion production in 2021. Ball valves due to their ability to offer tight shut off and cervices free interiors helps to control the flow of various fluids and gases used in the manufacturing of pharmaceutical products. The rise in pharmaceutical production boots the demand for quarter turn valves to ensure precise and sterile flow control in pharmaceutical production. 

Moreover, the rising water scarcity boosts the ball valves market demand due to their essential role in water management and conservation. As per the report of the UN Environment Report in 2022 reveals that at global level around 1.8 billion people are likely to face absolute water scarcity by 2025. 

Growing water scarcity level necessities water conservation that accelerates the demand of quarter turn valves as they help in leak detection and prevention systems by isolating sections of pipelines and controlling the flow of water. The reliable shut-off mechanisms of quarter turn valves help to detect leaks early and prevent water loss to ensure water conservation, thereby boosting the ball valves market growth.

However, rapid close of ball valves in high flow system causes water hammer that includes a hydraulic shock wave that results from sudden change in fluid velocity. Water hammer results in pipe vibration, noise, and damage to the valve and piping system that acts as constraining factor to the ball valves market expansion.

On the other hand, the integration of Internet of Things (IoT) technology into ball valves for remote monitoring, diagnostics, and real-time data generation of ball valve performance, is expected to create ample opportunities for the quarter turn valves market growth.

Market Segmentation and Scope of the Study

The ball valves market report is segmented on the basis of material, type, size, industry and region. On the basis of material, the market is divided into cast iron, stainless steel, alloy based, and plastic. On the basis of type, the market is divided into floating, rising stem, and trunnion mounted. On the basis of size, the market is divided into Up to 1”, 1”–6”, 6” to 25”, 25” to 50”, and more than 50".

On the basis of industry, the market is divided into oil & gas, energy & power, water & wastewater treatment, chemical, construction, pharmaceutical, agriculture, metals & mining, pulp & paper, food & beverage, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW. 

Geographical Analysis 

Asia Pacific dominates the ball valves market share and is projected to maintain its dominance throughout the forecast period due to the rise in oil and gas exploration in countries such as China, and India. The latest report of the U.S. Energy Administration states that the average crude oil processing rate in China is around 14.8 million barrels per day in 2023. 

Quarter turn valves are able to manage and control the flow of fluids in pipeline and processing system. Consequently, the rapid growth of the oil and gas industry in the region boosts the demand for quarter turn valves for reliable and durable flow control solutions.
Additionally, the surge in water scarcity in the region propels the demand for efficient water management and conservation component, thereby accelerating the market growth. The latest report of the East Asia Forum states that there is high prevalence of water scarcity in India leading to around 200,000 deaths annually. 

Ball valves help to regulate water flow in various applications such as irrigation, industrial process, and municipal water systems through efficient leak free operations that boosts its demand in the region.

On the other hand, Europe is expected to show a steady rise in the ball valves market trends. This is attributed to the presence of large chemical industry in the region that accelerates the need to manage the flow of chemicals and fluids in manufacturing, refining, and transportation process. 

The latest report of the European Chemical Industry Council report states that France is the second largest chemical producer of Europe with a turnover of around USD 104.87 billion in 2021. Quarter turn valves offer reliability, chemical resistance, and tight shut-off capabilities, for regulating the flow of chemicals in various processes, thus propelling the market growth due to precise flow control and containment.

Furthermore, the growth of construction industry in the region is further accelerating the demand of ball valves due to their integral role in infrastructure and mechanical systems. As per the report published by the International Trade Administration reveals that UK is one of the largest construction markets in the world, generating around USD 386 billion in 2023. 

The safety, efficiency and longevity of quarter turn valves makes them suitable for various applications in construction industry, from essential plumbing components in HVAC system to fire protection systems, driving its market growth in the region.

Competitive Landscape 

The ball valves industry comprises of various market players such as Alfa Laval AB, Swagelok Company, Emerson Electric Company, Valworx, Velan Inc., Weir Group PLC, Valmet Technology Company, Kitz Corporation, Schlumberger Limited, and Flowserve Corporation. These market players are adopting various strategies such as product launches to stay competitive and maintain their market positions. 

For instance, in March 2024, Valworx introduced a new product line of V-port valves, offering precise control and versatility for various industrial applications. This launch demonstrated commitment of Valworx to offer innovative valve solutions to cater to the specific customer needs and contribute to the growth of the quarter turn valves market.

Furthermore, in February 2024, Valmet launched the Neles XH ball valve equipped with advanced sealing technology and a robust construction to ensure reliable performance even in high-pressure and high-temperature applications. The product launch aimed to enhance safety, minimize leakage, and optimize operational efficiency, that make it a versatile solution for critical processes across various industrial sectors.

Moreover, in November 2023, Flowserve introduced an advanced and innovative range of floating ball valves for oil and gas, petrochemical, and chemical industrial sectors. These valves include advanced sealing technologies and durable construction to ensure reliable performance and extended service life in harsh operating conditions.

Key Benefits

• The report provides quantitative analysis and estimations of the ball valves industry from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the current and future ball valves market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Ball Valves Market Key Segments

By Material

• Cast Iron

• Stainless Steel

• Alloy Based

• Plastic 

By Type

• Floating

• Rising Stem  

• Trunnion Mounted 

By Size

• Up to 1”

• 1”–6”

• 6” to 25”

• 25” to 50”

• More Than 50"

By Industry

• Oil & Gas

• Energy & Power

• Water & Wastewater Treatment

• Chemical

• Construction

• Pharmaceutical

• Agriculture

• Metals & Mining

• Pulp & Paper

• Food & Beverage

• Others 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Alfa Laval AB

• Swagelok Company

• Emerson Electric Company

• Valworx 

• Velan Inc.

•  Weir Group PLC

• Valmet Technology Company 

• Kitz Corporation

• Schlumberger Limited

• Flowserve Corporation

REPORT SCOPE AND SEGMENTATION

Parameters	Details
Market Size in 2023	USD 13.31 billion
Revenue Forecast in 2030	USD 17.27 billion
Growth Rate	CAGR of 4.1% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rapid growth of the oil and gas industry is boosting the market. Surge in pharmaceutical sector drives the market. Rising water scarcity is driving the market.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.