Ball Valve Market to 2025 – Global Analysis and Forecasts by Type (Rising Stem, Floating and Trunnion Mounted), Material (Stainless Steel, Cast Iron, Cryogenic, Alloy and Others) and End-user Verticals (Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power and Others)

The Global Ball Valve Market accounted for US$ 10.38 Bn in 2016 and is expected to grow at a CAGR of 2.44% during the forecast period 2017 – 2025, to account for US$ 12.89 Bn in 2025.

Valves are mechanical devices that facilitate assistance in controlling as well as regulating the flow of liquid and gases across various industrial and commercial applications. Among these the ball valve are specially designed valve constituting pivoting ball that aids in efficient controlling of material flow among numerous end-user industries. The two-way ball valves are considered to be the most common and highly used ball valves. Two-way ball valves enables flow to travel straight from the inlet to the exit. Moreover, three-way and four-way ball valves enable the flow to travel in several directions, which includes 90 degree angles. Different ball valves are used for different applications, depending on the nature and requirement of the industry vertical. As a result, the ball valve market to witness an attractive growth rate during the coming years and provide numerous profitable opportunities for the market players in the forecast period. The South America ball valve market region is expected to witness a CAGR growth rate of 0.7% in the coming years.

Exhibit: Ball Valve Market by Region

Market Insights

Growing demand for oil & gas energy coupled with an increase in deep sea oil & gas exploration activities

According to the International Energy Agency, growth in oil supply next few years is expected to outpace an anticipated pick-up in demand and this will boost global consumption above 100 million bpd next year for the first time. Some new pipeline projects will come into execution in Also, the Canadian Association of Petroleum Producers (CAPP) announced that the country will transport an added capacity of oil sands production to markets across North America and other global regions. U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have increased in total. Apart from this, China is also planning to develop cleaner energy supplies. Natural gas is expected to play a key role in the years to follow because of its low price and low emissions. Increasing demand for natural gas provides a push to the construction of gas pipeline-related projects in China and is expected to boost the industrial valves market in the oil and gas industry. Moreover, the increase in investment towards commercialization and subsequent production of oil reserve along with surge in deep sea exploration is also anticipated to boost the demand for various valves demand. Subsequently, driving the growth for ball valve market in the coming years.

Increase in scope of application for IoT integrated ball valves

The improvement in technological capabilities has boosted the scope for application of IoT across different industry vertical. Furthermore, the growing emphasis towards achieving superior equipment efficiencies along with minimizing operational costs is also anticipated to boost the penetration of IoT among different equipment and devices. The oil and gas market is shifting toward valves integrated with embedded processor and networking capability to achieve sophisticated monitoring technology which can be coordinated with central control station. In order to attain this in industries, industrial valves are connected to data network, coordinating control valve operation with the data available. Connecting valves to a network allows distributed control, which can enable operators to reconfigure piping and networking systems so that a field can continue producing even if there is a blockage in, or damage to, the pipeline network. Thus, the growing popularity of IoT especially among industrial devices such as ball valve market is expected to provide numerous profitable opportunities for the market players in the coming years.

Ball Valve Market - End-user Vertical Insight

In the global ball valve market for the oil & gas industry, despite the recent downfall in oil prices the oil & gas industry, the demand for oil is expected to increase in the coming years. This growth is attributed to the increased demands from emerging economies that are experiencing a high growth in their infrastructural development and living standards of the people. The ball valves used in oil & gas industry should meet the requirements related to extreme temperatures as low as minus 200 degree Celsius to as high as 500 degree Celsius. Generally, trunnion mounted ball valves are used in oil & gas industry. Factors such as the increasing urbanization in developing economies as well as developed economies have resulted in increased demand for oil & gas supply. Also, new exploration of natural gases throughout the globe and resulted in construction of new pipeline infrastructure as well as refinery and storage solutions. Thus, the oil & gas industry for ball valve market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.

Ball Valve Market - Type Insight

The trunnion mounted ball valve in the ball global valve market continue to dominate the global ball valve market in terms of revenue. The valve provide an effective solution for application that deal with high forces across different industrial as well as commercial application. . A trunnion mounted ball valve has added mechanical attachments at both on top as well as bottom on the ball. This mounting is appropriate for very high pressure piping. In trunnion mounted ball valve, the shaft, trunnion and the ball act together as a single unit and supports the ball in place of seats, unlike floating ball valves. It is broadly used in petroleum, power, chemical, water conservancy and other such industries. The trunnion mounted ball offers lower operating torque of the ball in comparison to floating ball. This helps in reducing the complete cost of value actuation package since, it reduce the size of the actuator when the ball valve is actuated. The global trunnion ball valve market is expected to grow at a CAGR of 2.84% during the forecast period.

Exhibit: Ball Valve Market by Oil & Gas

Strategic Insights

The market initiative and new development was observed as the most adopted strategy in global ball valve market. Few of the recent strategies by some of the players ball valve market landscape are listed below:

2017: Velan receives contracts worth US$55 million to supply safety related valves for 3rd generation nuclear reactors at Hinkley Point C in the U.K.

2017: Emerson electric Co. acquired Pentair Plc’s valve & control business for US$ 3.15 Bn. The acquisition is aimed at ex[panding Emerson’s global footprint as well as to enhance company’s position in the market.

2017: Velan introduced the all new Securaseal R-series cast metal-seated ball valve at Valve World Expo in Houston, Texas.

GLOBAL BALL VALVE – MARKET SEGMENTATION

Ball Valve Market – By Type

• Rising Stem Ball Valve
• Floating Ball Valve
• Trunnion Mounted Ball Valve

Ball Valve Market – By Material

• Stainless Steel
• Cryogenic
• Cast Iron
• Alloy
• Others

Ball Valve Market – By End-user Vertical

• Water Management
• Oil & Gas
• Chemicals
• Pharmaceuticals
• Energy & Power
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
• Asia Pacific (APAC)
  • China
  • Japan
  • India
  • Australia

• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

• South America
  • Brazil

Ball Valve Market - Company Profiles

• Cameron Schlumberger Inc.
• Crane Co.
• Curtiss Wright Corporation
• Emerson Electric Co
• Flowserve Corporation
• IMI Plc
• KITZ Corporation
• Metso Corporation
• Valvitalia SpA
• Velan Inc