Ball Valves Market is anticipated to expand rapidly at a CAGR of 4.2% and reach a market value of USD 18.07 billion 2022-2030

The global ball valves market is expected to witness significant growth in the coming years.

Ball Valves Market Insights

The global ball valves market is expected to witness significant growth in the coming years. Market Research Future has recently published a report on the market, highlighting various trends and factors driving its growth.

The report suggests that the increasing demand for ball valves in various industries, such as oil and gas, chemicals, and water and wastewater treatment, is a major factor propelling the market’s growth. Additionally, the growing trend of automation in industrial processes is also expected to drive the market’s expansion.

Key Players

The global ball valves market is highly competitive, with several players operating in the market. Some of the key players in the market include:

• Emerson Electric Co.
• Flowserve Corporation
• Cameron International Corporation
• Kitz Corporation
• Crane Co.
• IMI plc
• Metso Corporation
• Neway Valve Co., Ltd.
• Velan Inc.
• Weir Group plc

These companies are focusing on expanding their product portfolios and offering innovative solutions to stay competitive in the market.

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Market Segmentation

The ball valves market is segmented on the basis of type, material, size, end-user, and region. Based on type, the market is categorized into floating ball valves, trunnion-mounted ball valves, and others. The trunnion-mounted ball valves segment is expected to hold the largest share of the market due to the increasing demand for these valves in the oil and gas industry.

Based on material, the market is segmented into stainless steel, cast iron, alloy-based, cryogenic, and others. The stainless steel segment is expected to hold the largest share of the market due to its high durability and corrosion resistance.

Based on size, the market is segmented into up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, and above 50”. The 1” to 6” segment is expected to hold the largest share of the market due to the growing demand for these valves in various industries.

Based on end-user, the market is segmented into oil and gas, chemicals, water and wastewater treatment, power generation, pharmaceuticals, and others. The oil and gas segment is expected to hold the largest share of the market due to the growing demand for ball valves in upstream, midstream, and downstream processes.

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Regional Analysis

The ball valves market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold the largest share of the market due to the presence of several key players in the region and the growing demand for ball valves in various industries. North America is also expected to witness significant growth in the coming years, thanks to the increasing demand for these valves in the oil and gas industry.

Industry Trends

The ball valves market is witnessing several trends that are expected to shape the market in the coming years. One major trend is the increasing adoption of automation in industrial processes. The use of automated ball valves offers several benefits, such as improved efficiency, reduced downtime, and increased safety.

Another trend is the growing demand for cryogenic ball valves. Cryogenic ball valves are designed to withstand extremely low temperatures and are commonly used in industries such as healthcare, aerospace, and food and beverage.

In conclusion, the global ball valves market is expected to witness significant growth in the coming years, driven by factors such as the increasing demand for ball valves in various

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industries and the growing trend of automation in industrial processes. The market is highly competitive, with several key players operating in the market.

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