Global Ball Valves Market, By Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others), Valve Type (Trunnion Mounted ball Valves, Floating Ball Valve, Rising Stem Ball Valve), Size (Up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and Larger), 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Ball valves market is expected to reach USD 18.08 billion by 2028 witnessing market growth at a rate of 3.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on ball valves market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Ball valves are a quarter-turn valve with a hollow, perforated and pivoting ball to regulate the flow through it. The valve is open when the ball's hole is in the flow line and closed when the hole is pivoted by the handle of the valve 90 degrees. And when it's open, the handle is perpendicular, it is closed and flat in alignment. Ball valves are durable, reliable, performs well even after many cycles and closing securely or work properly even after long period of disuse.
Increasing need for replacement of outdated product along with rising adoption of smart valves, increasing demand for valves from healthcare and pharmaceuticals industries, rapid urbanization and industrialization along with development of smart cities, rise in new nuclear power plant projects and upgrade of existing ones are some of the major as well as vital factors which will likely to augment the growth of the ball valves market in the projected timeframe of 2021-2028. On the other hand, rising application of 3D printing technology in valve manufacturing, utilization of industrial internet of things (IIoT) and digital transformation in industrial plants along with surging levels of investment in water and wastewater treatment plants to handle sanitation-related issues which will further contribute by generating massive opportunities that will lead to the growth of the ball valves market in the above mentioned projected timeframe.
Lack of standardized norms and governing policies along with intense pricing pressure due to availability of local, low-priced valves which will likely to act as market restraints factor for the growth of the ball valves in the above mentioned projected timeframe. Slowdown in oil and gas sector due to oil price crisis along with rise in collaboration activities among industry players which will become the biggest and foremost challenge for the growth of the market.
This ball valves market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ball valves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ball Valves Market Scope and Market Size
Ball valves market is segmented on the basis of material, valve type, size and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Ball valves market on the basis of material has been segmented as stainless steel, cast iron, alloy based, cryogenic, and others. Others have been further segmented into brass, bronze, and plastic.
- Based on valve type, the ball valves market has been segmented into trunnion mounted ball valves, floating ball valve, and rising stem ball valve.
- On the basis of size, the ball valves market has been segmented into up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and larger.
- On the basis of industry, the ball valves market has been segmented into oil and gas, energy and power, chemicals, water and wastewater, building and construction, pharmaceuticals, agriculture, metal and mining, paper and pulp, food and beverages, and others.
Ball Valves Market Country Level Analysis
Ball valves market is analysed and market size, volume information is provided by country, material, valve type, size and industry as referenced above.
The countries covered in the ball valves market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the ball valves market due to the growing number of research and development activities along with rising demand for safety applications in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the rising number of initiatives undertaken by regional governments to encourage the implementation of IoT in the industrial sector along with increasing per capita income of the consumer in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ball Valves Market Share Analysis
Ball valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ball valves market.
The major players covered in the ball valves market report are Flowserve Corporation; Schlumberger Limited.; Emerson Electric Co.; Neles Corporation; IMI Critical Engineering; Crane Co.; KITZ Corporation; Trillium Flow Technologies; Spirax Sarco Limited.; Neway valve.; Velan Inc.; Bürkert GmbH & Co. KG; Curtiss-Wright.; ALFA LAVAL; Valvitalia SpA; AVK Flow Control; Apollo Valves; HAM-LET GROUP; SAMSON CONTROLS; Dwyer Instruments LTD.; Swagelok Company.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Ball Valves Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.