Introduction:

The ball valve body design is conventional and flow is controlled by the position of a hole through the ball. This type of valve is used for pressure reduction and flow control for gas and liquid distribution systems. There are five general body styles of ball valves: single body, three-piece body, split body, top entry, and welded. Increasing need for replacement of outdated ball valves and rising demand for valves from healthcare and pharmaceuticals industries is expected to drive the growth of the market

The global Ball Valves market size was estimated to be at USD XXX million in 2019, and is expected to grow at a CAGR of XX% during forecast period to reach USD XXX million in 2027.

Market Dynamics:

The increasing industrialization, and increasing demand for ball valves from different end use industries is anticipated to fuel the growth of the market during forecast period. However, the disadvantages associated with ball valves and available alternatives for ball valves is expected to limit the growth of the global ball valves market during forecast period. The increasing number of projects related to water treatment due to increased urbanization and increased awareness about sanitization will create the opportunities for market players.

COVID-19 Impact:

The impact of COVID-19 pandemic has resulted in the disruption of production as well as distribution network due to logistic issues. Moreover, the decrease in production in China due to outbreak have resulted in negative impact on the global ball valves market. The negative impact of COVID-19 pandemic has been observed on global ball valves market.

Global Ball Valves Market

Source: Precise Market Intelligence, 2020

Segmentation:

The market has been segmented based on form, indication, end user and region.

  • By Type
    • Trunnion Mounted Ball Valves
    • Floating Ball Valves
    • Rising Stem Ball Valves
       
  • By Material
    • Stainless Steel
    • Cast Iron
    • Cryogenic
    • Alloy Based
    • Brass
    • Bronze
    • Plastic
       
  • By Size
    • Up To 1”
    • 1-6”
    • 6-25”
    • 25-50”
    • 50” and Larger
       
  • By End user
    • Water & Wastewater Treatment
    • Oil & Gas
    • Food & Beverages
    • Chemicals
    • Energy & Power
    • Building & Construction
    • Pharmaceuticals Metals & Mining
    • Agriculture
    • Pulp & Paper
    • Others
       
  • By Region
    • North America (U.S., Canada)
    • Europe (U.K., France, Germany, Italy, Spain, and rest of Europe)
    • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
    • South America (Brazil, Mexico, and Rest of South America)
    • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

Based on type, the trunnion-mounted ball valves segment is expected to remain dominant throughout the forecast period due to high demand. Based on material, stainless steel segment accounted to highest market share. While, the oil & gas application segment dominated the end users, North America has the largest market share among regions.

Global Ball Valves Markett, By Region, 2019

Source: Precise Market Intelligence, 2020

Competition Landscape:

The prominent companies in the market are; Cameron – Schlumberger, Emerson, IMI Plc., Metso, Flowserve Corporation, ALFA LAVAL, Crane Co., KITZ Corporation, Astech Valve Co. Ltd., Neway valve, and others.

For better understanding of revenue contribution of each technology to the Ball Valves Market, ask an expert analyst