According to TechSci Research report, “Global Ball Valves Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. Global Ball Valves market is anticipated to project robust growth in the forecast period with a CAGR of 2.87% through 2028. Valves play a vital role in increasingly complex industrial environments. Pipelines are necessary for every industry that deals with fluid, whether they are in crude oil or natural gas production. In nearly all industry verticals, like medicine, food processing, water treatment, engines, machinery, plant engineering, or the conveyance of gas, fluids, and free-flowing solids, there is extensive usage of pipes and valves.
Such elaborative application for the transportation of fluid has made pipelines highly acceptable solutions. Valves also bring flow control in pipeline applications. The ball valve is a quarter-turn valve suitable for clean gas-compressed air and liquid service in industrial applications due to its tight shutoff. They can also be used for slurry service, but provisions for preventing crud buildup arere needed.
Pipeline ball valves can be complemented with various types of anti-cavitation and noise-protection trims to stage pressure drops and prevent cavitation. This allows the valve to not take the entire pressure drop at once.
Ball valves are generally used in large bore sizes where smaller dimensions of other kinds of valves such as butterfly valves result in stem sizes that are generally smaller and weaker. In applications where space limitation and structural load are the most significant concerns, such as in offshore drilling platforms and Floating production storage and offloading (FPSOs), ball valves are not preferred by the users. The triple offset butterfly valve is preferred due to its applicability in offshore platform installations.
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Based on the End-user Industry, the Food Processing Industry is expected to hold the largest share of Ball Valves market during the forecast period, The food processing industry is one of the major applications for ball valves, as operations like product fillings need to maintain a regulated flow throughout the process.
The ball valves in the industry include both valves that come directly in contact with the material and those that are used in utility services, like water and steam. In both cases, valves need to be designed to meet several industry regulations, especially the ones in direct contact with the food material. This poses significant challenges for manufacturers to gain regulatory approvals.
Among all the types of materials, stainless steel is gaining importance since they are more corrosion-resistant. Because valves are meant to open and close, corrosion can cause big issues. These kinds of valves are observed to hold up much better to harsher water types, which can be beneficial in food processing plants.
They also have a higher pressure rating than other types of materials such as brass. For instance, a standard brass ball valve might have a Pressure rating of 600 PSI on a 1-inch model. A standard Stainless Ball Valve would probably have a pressure rating of 1000 PSI on a 1-inch model.
Based on Region, North America will dominate the market, The Department of the Interior (DoI) of the United States estimates that this program could discover approximately 98% of the technically recoverable oil and gas resources in federal offshore areas to be available for exploration and development by 2020.
Besides, the country has also unveiled a new Draft Proposed Program (DPP), which includes 47 potential lease sales in 25 of the 26 planning areas, indicating high exploratory activity in the region over the forecast period.
The United States is home to iconic hydropower projects. The Grand Coulee Dam, built across the Columbia River in Washington, is one of the best hydropower projects, which generates about two-thirds of the state’s electricity requirement. In April 2019, the US Department of Energy (DOE) announced funding of up to USD 26.1 million to advance the marine and hydrokinetics (MHK) industry and increase hydropower’s ability to serve as a flexible grid resource as a part of the innovation drive for industry-led technology solutions.
In July 2019, GE Renewable Energy signed an agreement with the US government for two hydropower contracts. One of these contracts is for the Northfield Mountain pumped hydro storage station, and the other is for PG&E’s Caribou One hydropower station. Such an initiative would lead to market demand.
Similar to the United States, Canada also has a vast potential for control valves from the oil and gas industry. The recent approval of the CAD 40 billion LNG Canadian project has marked the first upturn in oil and gas projects in the country after the recent low crude oil price situation.
Key market players in the Global Ball Valves Market are the following: –
- ALFA LAVAL
- CIRCOR International Inc.
- Crane Co.
- Castel SRL
- Sanhua USA
- Curtiss-Wright Corporation
- Danfoss A/S
- Emerson Electric Co
- Georg Fischer Ltd
- Flowserve Corporation
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“The global ball valve market is driven by several key factors that shape its growth and evolution. First and foremost, the increasing demand for energy, especially in the oil and gas, power generation, and renewable energy sectors, fuels the need for ball valves. These valves are essential for regulating the flow of fluids in energy production and distribution. Industrial automation and process control are other significant drivers, as industries seek precise and reliable flow control solutions to enhance operational efficiency. The replacement and upgrading of aging infrastructure, driven by the need for more efficient and modern systems, further contributes to market growth. Moreover, stringent environmental regulations and safety standards necessitate advanced valve technologies, including ball valves, which play a crucial role in preventing leaks and emissions. The growing chemical and petrochemical industry, advancements in valve technology, and global economic conditions also impact the market’s expansion. Finally, digitalization and IIoT integration, along with sustainability concerns, lead to the development and adoption of smart and eco-friendly ball valve solutions, ensuring the market’s continued relevance and growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Ball Valves Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Material (Cast Iron, Steel, Alloy-based), End-User Industry (Oil and Gas, Chemicals, Water and Wastewater, Power, Food and Beverage, Pharmaceutical), By Region, By Competition 2018-2028 has evaluated the future growth potential of Global Ball Valves Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Ball Valves Market.
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Table of Content-Ball Valves Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
- Voice of Customers
- Global Ball Valves Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Material (Cast Iron, Steel, Alloy-based)
5.2.2. By End-user Industry (Oil and Gas, Chemicals, Water and Wastewater, Power, Food and Beverage, Pharmaceutical)
5.2.3. By Region
5.3. By Company (2022)
5.4. Market Map
- North America Ball Valves Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Material
6.2.2. By End-user Industry
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Ball Valves Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Material
6.3.1.2.2. By End-user Industry
6.3.2. Canada Ball Valves Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Material
6.3.2.2.2. By End-user Industry
6.3.3. Mexico Ball Valves Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Material
6.3.3.2.2. By End-user Industry
