What Is The Forecasted Growth Of The Global Ball Valves Market?
The ball valves market size has grown steadily in recent years, escalating from $13.67 billion in 2024 to an expected $14.17 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. This progression in the historic period is primarily attributable to factors such as oil and gas exploration and production, emphasis on energy efficiency, automation and control systems, water, and wastewater treatment.
Looking ahead, the ball valves market is projected to see consistent growth, reaching $17.01 billion in 2029 at a CAGR of 4.7%. This anticipated growth within the forecast period can be linked to the focus on smart valves, rise in renewable energy projects, water scarcity concerns, stringent environmental regulations, and the emergence of new end-user industries.
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What’s Fuelling The Growth Of The Ball Valves Market?
Rapid urbanization is a key driver pushing forward the growth of the ball valve market. The expansion of infrastructure and construction activities due to urbanization has boosted demand for ball valves. According to the World Bank, by 2050, about 7 out of 10 people will live in cities, indicating a rise in urbanization, thereby propelling the growth of the ball valve market.
How Is The Global Ball Valves Market Segmented?
The ball valves market is segmented by:
1) Types: Trunnion-Mounted Ball Valves, Floating Ball Valve, Rising Stem Ball Valve
2) Material: Steel, Cast Iron, Cryogenic, Alloy Based, Other Materials
3) Size: <1”, 1”-5”, 6”–24”, 25”–50”, >50
4) 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
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Which Players Are Dominating The Ball Valves Market?
Prominent companies operating in the ball valves market include Emerson Electric Co., Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation), Spirax Sarco Limited, Honeywell International Inc., and others. These companies have leveraged their wide-ranging expertise to offer quality products, thereby enhancing their market presence.
What market trends are shaping the Ball Valves Market?
The implementation of 3D printing technologies is an emerging trend within the ball valve market. 3D printing optimizes valves for customer-specific requirements, producing three-dimensional objects layer by layer with computer-generated designs. Companies like ThyssenKrupp Materials Services and Valland SpA are among pioneering companies utilizing 3D printing in their operations.
Which Region Leads In The Global Ball Valves Market?
Asia-Pacific was the largest region in the ball valves market in 2024. The regions covered in the ball valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Ball Valves Market Report 2025 Promise?
The ball valves market report 2025 promises a comprehensive review, offering global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. A ball valve is an emergency stop valve that regulates the flow of a liquid or gas using a rotating ball with a bore, often used to shut down fluid in upstream oil and gas production facilities.
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