[Research Report] The ball valve market is projected to reach US$ 22.09 billion by 2028 from US$ 16.66 billion in 2023 and is expected to record a CAGR of 5.8% during 2023–2028.
Analyst Perspective:
The ball valve market is a thriving industry that plays a crucial role in various sectors, including oil and gas, water and wastewater treatment, chemical processing, pharmaceuticals, power generation, and many others. Ball valves are mechanical devices used to control the flow of fluids through a pipeline or system using a rotating ball with a hole in it. They provide excellent shut-off capabilities, low maintenance requirements, and high durability, making them popular in many applications. The market for ball valves has witnessed substantial development in recent years, driven by several factors. One of the primary drivers is the increasing demand for energy resources, particularly in emerging economies. The oil and gas industry, in particular, has been a major contributor to the growth of the ball valve market. Ball valves are extensively used in pipelines, refineries, and offshore platforms to regulate the flow of oil and gas, ensuring efficient operations and safety. The rising focus on infrastructure development and industrialization has also fueled the demand for ball valves in water and wastewater treatment, power generation, and chemical processing. Ball valves offer reliable and efficient flow control, essential for these industries to maintain smooth operations. The market has also experienced technological advancements, with manufacturers introducing innovative designs and materials to enhance the performance and efficiency of ball valves. For instance, the development of materials such as stainless steel and alloys has improved ball valves' durability and corrosion resistance, expanding their applications in demanding environments. Furthermore, the growing awareness about environmental concerns and the need for sustainable solutions has led to the adoption ball valves in green energy sectors like solar and wind power. These valves help control the flow of fluids in these systems, ensuring optimal efficiency and minimizing energy losses.
Market Overview:
A quarter-turn valve with a hollow, perforated, and pivoting ball to control the flow is called a ball valve. The valve is open when the ball's hole is in the flow line; when the handle pivots the hole 90 degrees, the valve is closed. Additionally, when it is open, the handle is perpendicular, flat in alignment, and closed. Ball valves have a prolonged lifespan, are responsible, close securely, or continue to function properly even after extended periods of inactivity.
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Ball Valve Market: Strategic Insights
Market Size Value in US$ 16.66 billion in 2023 Market Size Value by US$ 22.09 billion by 2028 Growth rate CAGR of 5.8% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2023
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Ball Valve Market: Strategic Insights
| Market Size Value in | US$ 16.66 billion in 2023 |
| Market Size Value by | US$ 22.09 billion by 2028 |
| Growth rate | CAGR of 5.8% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2023 |
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Market Driver:
Rising Focus of Industrialization to Drive Growth of Ball Valve Market
The rising focus on Industrialization has played a vital role in driving the growth of the ball valve market. As countries and regions increasingly prioritize industrial development, there is a growing demand for efficient and reliable flow control solutions, leading to the widespread adoption of ball valves. Industrialization involves establishing and expanding various manufacturing and processing facilities across different sectors, such as oil and gas, water and wastewater treatment, chemical processing, and power generation. These industries require robust and effective flow control mechanisms to regulate the movement of fluids through pipelines and systems. Ball valves offer several advantages, making them an ideal choice for industrial applications. They provide excellent shut-off capabilities, allowing for precise control of fluid flow. This is crucial for ensuring operational efficiency and safety in industrial processes. Ball valves can be quickly and completely closed or opened, minimizing the risk of leaks or spills, which can harm production and the environment. The ball valves have low maintenance requirements, reducing downtime and operational costs. Their simple and robust design makes them less prone to wear and tear, resulting in longer service life and increased reliability. This is particularly beneficial in industrial settings where continuous operation is essential. Furthermore, ball valves can handle high pressures and temperatures, making them suitable for demanding industrial environments. They resist harsh chemicals, corrosive fluids, and abrasive materials, ensuring long-term performance and durability. Industrial processes often involve aggressive substances, and ball valves' ability to withstand such conditions is vital for maintaining operational efficiency and avoiding costly downtime. Also, the scalability and adaptability of ball valves make them well-suited for industrial applications. They can be designed and manufactured in various sizes, pressure ratings, and materials to meet specific requirements. This versatility enables seamless integration into different industrial systems and pipelines. The rising focus on Industrialization, especially in developing economies, leads to increased investments in infrastructure development and manufacturing facilities. As a result, there is a growing demand for ball valves to ensure efficient and reliable flow control in these industrial processes. This, in turn, drives the growth of the ball valve market.
Segmental Analysis:
Based on material, the ball valve market is segmented into stainless steel, cast iron, cryogenic, alloy, and others. The stainless steel segment held the largest share of the ball valve market in 2023, whereas the alloy segment is anticipated to register the highest CAGR in the market during the forecast period. The stainless steel segment is prominent in the ball valve market, holding the largest share. This is primarily due to stainless steel's excellent corrosion resistance, durability, and strength. Stainless steel ball valves can withstand harsh environments and demanding operating conditions, making them a preferred choice in industries such as oil and gas, chemical processing, and power generation. Additionally, stainless steel offers hygienic properties, affordability, and versatility, further contributing to its dominance in the market.
Regional Analysis:
The Asia Pacific ball valve market was valued at US$ 6.61 billion in 2023 and is projected to reach US$ 9.54 billion by 2028; it is expected to grow at a CAGR of 7.6% during the forecast period. Due to several key factors, the Asia Pacific region has emerged as the dominant force in the ball valve market. Firstly, the region has experienced rapid industrialization and urbanization, increasing demand for infrastructure projects, including oil and gas, power generation, water and wastewater treatment, and chemical processing. Ball valves are crucial in these industries, offering reliable and efficient flow control solutions. Secondly, countries in the Asia Pacific region, such as China, India, and Japan, have witnessed substantial economic growth and rising disposable incomes. This has increased the energy demand, fueling the expansion of oil and gas exploration, production, and refining activities. As ball valves are essential components in the oil and gas industry for controlling the flow of fluids, the market for these valves has witnessed significant growth in the region. The Asia Pacific region has also become a major manufacturing hub for various industries. With numerous manufacturing facilities, there is a constant need for ball valves in process industries such as chemicals, petrochemicals, and pharmaceuticals. These valves ensure reliable and precise control of fluids and gases, contributing to the efficiency and productivity of manufacturing processes. Furthermore, governments in the region have been investing heavily in infrastructure development projects, including water supply and treatment plants, power generation facilities, and transportation networks. The construction of these projects requires installing ball valves to control the flow of various fluids and gases. As a result, the demand for ball valves has surged in the Asia Pacific region. Moreover, the presence of many ball valve manufacturers and suppliers in countries like China and Japan has further fueled the market's growth. These manufacturers offer various ball valves with different specifications, catering to the diverse requirements of industries across the region. The availability of locally manufactured valves at competitive prices has boosted their adoption in various sectors.
Key Player Analysis:
The ball valve market analysis consists of the players such as Velan Inc, Neway Valve Suzhou Co Ltd, KITZ Corp, IMI Plc, Flowserve Corp, Curtiss-Wright Corp, Crane Co, Emerson Electric Co, Schlumberger NV, and Valvitalia SpA. Among the players in the ball valve Flowserve Corp and Schlumberger NV are the top two players owing to the diversified product portfolio offered.
Ball Valve Market Report Scope
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the ball valve market. A few recent key market developments are listed below:
- In 2019, Emerson bought CIRCOR International's Spence and Nicholson product lines to enhance its range of steam system solutions for industrial industries and commercial buildings.
- In 2019, PBM, a maker of valves and specialty valves for both sanitary and industrial uses, was purchased by IMI plc. All of these purchases would raise competition in the ball valves industry.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Material, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The country anticipated to grow with the highest CAGR are US, Germany, and India.
The growing adoption of automation in end-use industries will push ball valve manufacturers to produce smart ball valves. SCADA systems can monitor oil flow and ensure the pipeline’s pressure remains optimal.
The key players holding majority shares in the ball valve market include SLB, Emerson Electric Co., Curtiss-Wright Corporation, KITZ Corporation, and IMI Critical Engineering.
The US held the largest market share in 2022, followed by China.
In the oil & gas industry, ball valves help ensure the safe and efficient operation of various processes in upstream, midstream, and downstream sectors. Ball valves regulate fluid flow, maintain pressure and temperature levels, and provide isolation and control for various industrial applications involving liquids, such as pipeline and distribution infrastructure.
The ball valve market was estimated to be USD 15,849.23 million in 2022 and is expected to grow at a CAGR of 5.8 % during the forecast period 2023 - 2028.
APAC is anticipated to grow with the highest CAGR over the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Ball Valve Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Ball Valve Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Ball Valves in Oil and Gas Industry
5.1.2 Growing Mergers and Acquisitions
5.2 Key Market Restraints
5.2.1 Growing Use of Other Valves as an Alternative
5.3 Key Market Opportunities
5.3.1 Growing Investment in the Drinking Water Infrastructure
5.4 Future Trends
5.4.1 Increasing Automation in End-Use Industries
5.5 Impact Analysis of Drivers and Restraints
6. Ball Valve Market – Global Market Analysis
6.1 Global Ball Valve Market Overview
6.2 Global Ball Valve Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Ball Valve Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 Ball Valve Market, By Type (2022 & 2028)
7.3 Rising Stem
7.3.1 Overview
7.3.2 Rising Stem: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.4 Floating
7.4.1 Overview
7.4.2 Floating: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.5 Trunnion Mounted
7.5.1 Overview
7.5.2 Trunnion Mounted: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8. Ball Valve Market Revenue and Forecast to 2028 – Material
8.1 Overview
8.2 Ball Valve Market, By Material (2022 & 2028)
8.3 Stainless Steel
8.3.1 Overview
8.3.2 Stainless Steel: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.4 Cast Iron
8.4.1 Overview
8.4.2 Cast Iron: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.5 Cryogenic
8.5.1 Overview
8.5.2 Cryogenic: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.6 Alloy
8.6.1 Overview
8.6.2 Alloy: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9. Ball Valve Market Revenue and Forecast to 2028 – End-Use Industry
9.1 Overview
9.2 Ball Valve Market, By End-Use Industry (2022 & 2028)
9.3 Water Management
9.3.1 Overview
9.3.2 Water Management: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.4 Oil & Gas
9.4.1 Overview
9.4.2 Oil & Gas: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.5 Chemicals
9.5.1 Overview
9.5.2 Chemicals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.6 Pharmaceuticals
9.6.1 Overview
9.6.2 Pharmaceuticals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.7 Energy & Power
9.7.1 Overview
9.7.2 Energy & Power: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
10. Ball Valve Market – Geographic Analysis
10.1 Overview
10.2 North America: Ball Valve Market
10.2.1 North America: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Ball Valve Market, By Type
10.2.3 North America: Ball Valve Market, by Material
10.2.4 North America: Ball Valve Market, by End-Use Industry
10.2.5 North America: Ball Valve Market, by Key Country
10.2.5.1 US: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Ball Valve Market, By Type
10.2.5.1.2 US: Ball Valve Market, by Material
10.2.5.1.3 US: Ball Valve Market, by End-Use Industry
10.2.5.2 Canada: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Ball Valve Market, By Type
10.2.5.2.2 Canada: Ball Valve Market, by Material
10.2.5.2.3 Canada: Ball Valve Market, by End-Use Industry
10.2.5.3 Mexico: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Ball Valve Market, By Type
10.2.5.3.2 Mexico: Ball Valve Market, by Material
10.2.5.3.3 Mexico: Ball Valve Market, by End-Use Industry
10.3 Europe: Ball Valve Market
10.3.1 Europe: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Ball Valve Market, By Type
10.3.3 Europe: Ball Valve Market, by Material
10.3.4 Europe: Ball Valve Market, by End-Use Industry
10.3.5 Europe: Ball Valve Market, by Key Country
10.3.5.1 Germany: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Ball Valve Market, By Type
10.3.5.1.2 Germany: Ball Valve Market, by Material
10.3.5.1.3 Germany: Ball Valve Market, by End-Use Industry
10.3.5.2 France: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Ball Valve Market, By Type
10.3.5.2.2 France: Ball Valve Market, by Material
10.3.5.2.3 France: Ball Valve Market, by End-Use Industry
10.3.5.3 Italy: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Ball Valve Market, By Type
10.3.5.3.2 Italy: Ball Valve Market, by Material
10.3.5.3.3 Italy: Ball Valve Market, by End-Use Industry
10.3.5.4 UK: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Ball Valve Market, By Type
10.3.5.4.2 UK: Ball Valve Market, by Material
10.3.5.4.3 UK: Ball Valve Market, by End-Use Industry
10.3.5.5 Russia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Ball Valve Market, By Type
10.3.5.5.2 Russia: Ball Valve Market, by Material
10.3.5.5.3 Russia: Ball Valve Market, by End-Use Industry
10.3.5.6 Rest of Europe: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Ball Valve Market, By Type
10.3.5.6.2 Rest of Europe: Ball Valve Market, by Material
10.3.5.6.3 Rest of Europe: Ball Valve Market, by End-Use Industry
10.4 Asia Pacific: Ball Valve Market
10.4.1 Asia Pacific: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Ball Valve Market, By Type
10.4.3 Asia Pacific: Ball Valve Market, by Material
10.4.4 Asia Pacific: Ball Valve Market, by End-Use Industry
10.4.5 Asia Pacific: Ball Valve Market, by Key Country
10.4.5.1 Australia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Ball Valve Market, By Type
10.4.5.1.2 Australia: Ball Valve Market, by Material
10.4.5.1.3 Australia: Ball Valve Market, by End-Use Industry
10.4.5.2 China: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Ball Valve Market, By Type
10.4.5.2.2 China: Ball Valve Market, by Material
10.4.5.2.3 China: Ball Valve Market, by End-Use Industry
10.4.5.3 India: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Ball Valve Market, By Type
10.4.5.3.2 India: Ball Valve Market, by Material
10.4.5.3.3 India: Ball Valve Market, by End-Use Industry
10.4.5.4 Japan: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Ball Valve Market, By Type
10.4.5.4.2 Japan: Ball Valve Market, by Material
10.4.5.4.3 Japan: Ball Valve Market, by End-Use Industry
10.4.5.5 South Korea: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Ball Valve Market, By Type
10.4.5.5.2 South Korea: Ball Valve Market, by Material
10.4.5.5.3 South Korea: Ball Valve Market, by End-Use Industry
10.4.5.6 Rest of APAC: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Ball Valve Market, By Type
10.4.5.6.2 Rest of APAC: Ball Valve Market, by Material
10.4.5.6.3 Rest of APAC: Ball Valve Market, by End-Use Industry
10.5 MEA: Ball Valve Market
10.5.1 MEA: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Ball Valve Market, By Type
10.5.3 MEA: Ball Valve Market, by Material
10.5.4 MEA: Ball Valve Market, by End-Use Industry
10.5.5 MEA: Ball Valve Market, by Key Country
10.5.5.1 Saudi Arabia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 Saudi Arabia: Ball Valve Market, By Type
10.5.5.1.2 Saudi Arabia: Ball Valve Market, by Material
10.5.5.1.3 Saudi Arabia: Ball Valve Market, by End-Use Industry
10.5.5.2 UAE: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Ball Valve Market, By Type
10.5.5.2.2 UAE: Ball Valve Market, by Material
10.5.5.2.3 UAE: Ball Valve Market, by End-Use Industry
10.5.5.3 South Africa: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 South Africa: Ball Valve Market, By Type
10.5.5.3.2 South Africa: Ball Valve Market, by Material
10.5.5.3.3 South Africa: Ball Valve Market, by End-Use Industry
10.5.5.4 Rest of MEA: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Ball Valve Market, By Type
10.5.5.4.2 Rest of MEA: Ball Valve Market, by Material
10.5.5.4.3 Rest of MEA: Ball Valve Market, by End-Use Industry
10.6 SAM: Ball Valve Market
10.6.1 SAM: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Ball Valve Market, By Type
10.6.3 SAM: Ball Valve Market, by Material
10.6.4 SAM: Ball Valve Market, by End-Use Industry
10.6.5 SAM: Ball Valve Market, by Key Country
10.6.5.1 Brazil: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Ball Valve Market, By Type
10.6.5.1.2 Brazil: Ball Valve Market, by Material
10.6.5.1.3 Brazil: Ball Valve Market, by End-Use Industry
10.6.5.2 Argentina: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Ball Valve Market, By Type
10.6.5.2.2 Argentina: Ball Valve Market, by Material
10.6.5.2.3 Argentina: Ball Valve Market, by End-Use Industry
10.6.6 Rest of SAM: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
10.6.6.1.1 Rest of SAM: Ball Valve Market, By Type
10.6.6.1.2 Rest of SAM: Ball Valve Market, by Material
10.6.6.1.3 Rest of SAM: Ball Valve Market, by End-Use Industry
11. Ball Valve Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 South America Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Velan Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Neway Valve Suzhou Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KITZ Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 IMI Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Flowserve Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Curtiss-Wright Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Crane Co
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Emerson Electric Co
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Schlumberger NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Valvitalia SpA
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. Saudi Arabia: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Saudi Arabia: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 61. Saudi Arabia: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 62. UAE: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. UAE: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 64. UAE: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. South Africa: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 67. South Africa: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Ball Valve Market Segmentation
Figure 2. Ball Valve Market Segmentation – By Geography
Figure 3. Global Ball Valve Market Overview
Figure 4. Ball Valve Market, by Type
Figure 5. Ball Valve Market, by Material
Figure 6. Ball Valve Market, by End-Use Industry
Figure 7. Ball Valve Market, by Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. APAC – PEST Analysis
Figure 11. MEA – PEST Analysis
Figure 12. SAM – PEST Analysis
Figure 13. Ball Valve Market – Ecosystem Analysis
Figure 14. Ball Valve Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Ball Valve Market
Figure 16. Global Ball Valve Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Ball Valve Market, By Type (2022 & 2028)
Figure 18. Rising Stem: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Floating: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Trunnion Mounted: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Ball Valve Market, By Material (2022 & 2028)
Figure 22. Stainless Steel: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Cast Iron: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Cryogenic: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Alloy: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Ball Valve Market, By End-Use Industry (2022 & 2028)
Figure 28. Water Management: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Oil & Gas: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Chemicals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Pharmaceuticals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Energy & Power: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Global Ball Valve Market Revenue Share, By Region (2022 & 2028)
Figure 35. North America: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Ball Valve Market Revenue Share, By Type (2022 & 2028)
Figure 37. North America: Ball Valve Market Revenue Share, by Material (2022 & 2028)
Figure 38. North America: Ball Valve Market Revenue Share, by End-Use Industry (2022 & 2028)
Figure 39. North America: Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 40. US: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Ball Valve Market Revenue Share, By Type (2022 & 2028)
Figure 45. Europe: Ball Valve Market Revenue Share, by Material (2022 & 2028)
Figure 46. Europe: Ball Valve Market Revenue Share, by End-Use Industry (2022 & 2028)
Figure 47. Europe: Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 48. Germany: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UK: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Russia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Asia Pacific: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Asia Pacific: Ball Valve Market Revenue Share, By Type (2022 & 2028)
Figure 56. Asia Pacific: Ball Valve Market Revenue Share, by Material (2022 & 2028)
Figure 57. Asia Pacific: Ball Valve Market Revenue Share, by End-Use Industry (2022 & 2028)
Figure 58. Asia Pacific: Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 59. Australia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. China: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. India: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Japan: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. South Korea: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of APAC: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Ball Valve Market Revenue Share, By Type (2022 & 2028)
Figure 67. MEA: Ball Valve Market Revenue Share, by Material (2022 & 2028)
Figure 68. MEA: Ball Valve Market Revenue Share, by End-Use Industry (2022 & 2028)
Figure 69. MEA: Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 70. Saudi Arabia: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. UAE: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. South Africa: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of MEA: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. SAM: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. SAM: Ball Valve Market Revenue Share, By Type (2022 & 2028)
Figure 76. SAM: Ball Valve Market Revenue Share, by Material (2022 & 2028)
Figure 77. SAM: Ball Valve Market Revenue Share, by End-Use Industry (2022 & 2028)
Figure 78. SAM: Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 79. Brazil: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Argentina: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Rest of SAM: Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Impact of COVID-19 Pandemic on North America Country Markets
Figure 83. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 84. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 85. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 86. Impact of COVID-19 Pandemic on South America Country Markets
The List of Companies - Ball Valve Market
- Velan Inc
- Neway Valve Suzhou Co Ltd
- KITZ Corp
- IMI Plc
- Flowserve Corp
- Curtiss-Wright Corp
- Crane Co
- Emerson Electric Co
- Schlumberger NV
- Valvitalia SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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