“Ball Valves Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ball valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for ball valves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ball valves market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Types: Trunnion-Mounted Ball Valves; Floating Ball Valve; Rising Stem Ball Valve
- 2) By Material: Steel; Cast Iron; Cryogenic; Alloy Based; Other Materials
- 3) By Size: <1"; 1"-5"; 6"-24"; 25"-50"; >50
- 4) By Industry: Oil And Gas; Energy And Power; Water And Wastewater Treatment; Chemicals; Building And Construction; Pharmaceuticals; Agriculture; Metals And Mining; Pulp And Paper; Food And Beverages
- Companies Mentioned: Emerson Electric Co; Schlumberger Limited; Flowserve Corporation; IMI PLC.; Valmet (Neles Corporation)
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the ball valves market are: Emerson Electric Co, Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation), Spirax Sarco Limited, Crane Co., KITZ Corporation, Trillium Flow Technologies, Bray International Inc., Velan Inc., Honeywell International Inc., Apollo Valves, Dwyer Instruments Ltd., and Ham-Let Group.
The global ball valves market is expected to grow from $12.66 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 3.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ball valves market is expected to grow to $15.22 billion in 2027 at a CAGR of 3.75%.
The ball valve market consists of sales of full port, standard port, reduced port, and v port. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A ball valve is an emergency stop valve that regulates the flow of a liquid or gas using a rotating ball with a bore. The ball valve is used to shut down the fluid in upstream oil and gas production facilities, both onshore and offshore.
Asia-Pacific was the largest region in the ball valves market in 2022. The regions covered in the ball valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of ball valves are trunnion-mounted ball valves, floating ball valves, and rising stem ball valves. The materials are steel, cast iron, cryogenic, alloy-based, and other material. A trunnion-mounted valve means the ball is restricted by bearings and is only permitted to rotate. Trunnion-mounted ball valves are used for spring mechanisms to push the challenging seat against the stationary ball. The system restrictions support the bulk of the hydraulic load, which leads to minimal bearing pressure and no shaft fatigue. The ball valves comes in various sizes including <1", 1"-5", 6"-24", 25"-50", and >50. It is used in oil and gas, energy and power, water and wastewater treatment, chemicals, building and construction, pharmaceuticals, agriculture, metals and mining, pulp and paper, and food and beverages industries.
Rapid urbanization is expected to drive the growth of the ball valve market going forward. The development of infrastructure and construction activities due to urbanization has increased demand for ball valves. For instance, according to a report by World Bank, in 2022, approximately 4.4 billion people, or 56% of the world's population, resided in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to surpass its current level. Thus, the rise in urbanization is propelling the growth of the ball valve market.
Implementation of 3D printing technologies is the key trend gaining popularity in the ball valve market. 3D printing is a technique for building three-dimensional objects layer by layer by using a computer-generated design. 3D printing optimises valves for customer-specific requirements. For instance, in May 2021, Neles Corporation, a Finland-based company specialised in designing and manufacturing industrial valves and valve automation solutions, introduced a 3D-printed valve for field testing. The valve is a T5-series standard stainless steel ball valve. The field testing generated abundant valuable information about the potential of making pressure-retaining parts using 3D printing with noticeably shorter lead times. Additionally, 3D-printed noise attenuation trims use less material and have better flow paths than traditionally manufactured trims.
In April 2022, IIT Inc., a US-based manufacturer of highly engineered critical components, acquired Habonim for $140 million. Through this acquisition, IIT will experience stronger sales growth by leveraging the ball valve portfolio and concentrating on challenging applications in lucrative end markets. Habonim is an Israeli-based manufacturer of ball valves and actuation technologies.
The countries covered in the Ball Valves market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The ball valves market research report is one of a series of new reports from The Business Research Company that provides ball valves market statistics, including ball valves industry global market size, regional shares, competitors with a ball valves market share, detailed ball valves market segments, market trends and opportunities, and any further data you may need to thrive in the ball valves industry. This ball valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Ball Valves Market Characteristics
3. Ball Valves Market Trends And Strategies
4. Ball Valves Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Ball Valves Market
- 4.2. Ukraine-Russia War Impact On Ball Valves Market
- 4.3. Impact Of High Inflation On Ball Valves Market
5. Ball Valves Market Size And Growth
- 5.1. Global Ball Valves Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Ball Valves Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Ball Valves Market Segmentation
- 6.1. Global Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Trunnion-Mounted Ball Valves
- Floating Ball Valve
- Rising Stem Ball Valve
- 6.2. Global Ball Valves Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Steel
- Cast Iron
- Cryogenic
- Alloy Based
- Other Materials
- 6.3. Global Ball Valves Market, Segmentation By Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- <1"
- 1"-5"
- 6"-24"
- 25"-50"
- >50
- 6.4. Global Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oil And Gas
- Energy And Power
- Water And Wastewater Treatment
- Chemicals
- Building And Construction
- Pharmaceuticals
- Agriculture
- Metals And Mining
- Pulp And Paper
- Food And Beverages
- Other Industries
7. Ball Valves Market Regional And Country Analysis
- 7.1. Global Ball Valves Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Ball Valves Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Ball Valves Market
- 8.1. Asia-Pacific Ball Valves Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Ball Valves Market
- 9.1. China Ball Valves Market Overview
- 9.2. China Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Ball Valves Market
- 10.1. India Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Ball Valves Market
- 11.1. Japan Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Ball Valves Market
- 12.1. Australia Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Ball Valves Market
- 13.1. Indonesia Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Ball Valves Market
- 14.1. South Korea Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Ball Valves Market
- 15.1. Western Europe Ball Valves Market Overview
- 15.2. Western Europe Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Ball Valves Market
- 16.1. UK Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Ball Valves Market
- 17.1. Germany Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Ball Valves Market
- 18.1. France Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Ball Valves Market
- 19.1. Eastern Europe Ball Valves Market Overview
- 19.2. Eastern Europe Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Ball Valves Market
- 20.1. Russia Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Ball Valves Market
- 21.1. North America Ball Valves Market Overview
- 21.2. North America Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Ball Valves Market
- 22.1. USA Ball Valves Market Overview
- 22.2. USA Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Ball Valves Market
- 23.1. South America Ball Valves Market Overview
- 23.2. South America Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Ball Valves Market
- 24.1. Brazil Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Ball Valves Market
- 25.1. Middle East Ball Valves Market Overview
- 25.2. Middle East Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Ball Valves Market
- 26.1. Africa Ball Valves Market Overview
- 26.2. Africa Ball Valves Market, Segmentation By Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Ball Valves Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Ball Valves Market Competitive Landscape And Company Profiles
- 27.1. Ball Valves Market Competitive Landscape
- 27.2. Ball Valves Market Company Profiles
- 27.2.1. Emerson Electric Co
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Schlumberger Limited
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Flowserve Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. IMI PLC.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Valmet (Neles Corporation)
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Ball Valves Market
29. Ball Valves Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer