Global Ball Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ball Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ball valve, a valve whose opening and closing parts (spheres) are driven by the valve stem and rotate around the axis of the ball valve. It can be used for fluid regulation and control, and is widely used in oil and natural gas, electric power, water and wastewater treatment, food and chemical fields.

Market Overview:

The latest research study on the global Ball Valves market finds that the global Ball Valves market reached a value of USD 10133.05 million in 2022. It’s expected that the market will achieve USD 12296.32 million by 2028, exhibiting a CAGR of 3.28% during the forecast period.

The outbreak and persistence of the COVID-19 epidemic will undoubtedly have a severe impact on the global oil industry in 2020. The sharp drop and rebound of oil demand have caused drastic fluctuations in global oil product inventories and oil prices.

The International Energy Agency warned that the impact of the epidemic on the energy system will continue for many years. This year, global oil demand will drop by 8%, and Brent oil prices will not reach the level of US$50 per barrel until 2023. If the policies and goals of various countries are implemented smoothly, global energy demand will also return to pre-epidemic levels in early 2023. If the epidemic prolongs and the decline deepens, this point will be postponed to 2025.

The oil and gas industry is one of the main downstream applications of ball valves. Ball valves play an important role in the collection, transportation and processing of oil. With the outbreak of the epidemic, the oil industry fluctuates sharply, the demand side and the supply side will be more cautious, and related investments have decreased, which will increase the risk of future market fluctuations. Affected by this, the ball valve market will also fluctuate, and market investment needs to be more cautious.

The demand for ball valves in downstream industries

The opening and closing part of the ball valve is a round sphere with a hole, and the ball core rotates around the axis of the valve stem by 0-90 to move back and forth, so as to achieve the purpose of opening or closing the valve. The sealing surface of ball valve is usually closed with spherical surface, so it is not easy to be eroded by medium. It is easy to operate, simple and compact in structure, and can be used in working conditions with water, natural gas, acid and solvent. Ball valves are best used as switches and cut-off valves. Ball valves are widely used in oil and gas, electricity, water and wastewater treatment, food and chemical industry. The demand for ball valves in downstream industries is increasing, which promotes the development of ball valve industry.

The demand for ball valves in downstream industries

The opening and closing part of the ball valve is a round sphere with a hole, and the ball core rotates around the axis of the valve stem by 0-90 to move back and forth, so as to achieve the purpose of opening or closing the valve. The sealing surface of ball valve is usually closed with spherical surface, so it is not easy to be eroded by medium. It is easy to operate, simple and compact in structure, and can be used in working conditions with water, natural gas, acid and solvent. Ball valves are best used as switches and cut-off valves. Ball valves are widely used in oil and gas, electricity, water and wastewater treatment, food and chemical industry. The demand for ball valves in downstream industries is increasing, which promotes the development of ball valve industry.

Region Overview:

In 2022, the share of the Ball Valves market in Europe stood at 22.72%.

Company Overview:

Kitz Corporation is one of the major players operating in the Ball Valves market, holding a share of 2.79% in 2023.

Kitz Corporation

Kitz Corporation, founded in 1951, is one of the world's leading valve manufacturers and the largest manufacturer in Japan. The main products include carbon steel, stainless steel, gray cast iron and ductile iron, bronze and brass valves and actuators. In order to maintain product quality and delivery, KITZ continues to upgrade its production system, including using an internal foundry.

Neles Corporation

Neles is a provider of mission-critical flow control solutions for process industries. Neles Corporation employs nearly 3,000 people in about 40 countries. Neles Corporation's customer industries include, for example, mining and metalworking, pulp, paper and biological products, chemicals, petrochemicals and industrial gases. Neles is headquartered in Finland.

Segmentation Overview:

As for product types, the Inconel segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Energy & Power , with a market share of 26.47% in 2022.

Key Companies in the global Ball Valves market covered in Chapter 3:

Kitz Corporation
Emerson Electric
KSB Group
Belimo Holding AG
Nibco, Inc
Valvitalia
Metso Corporation
Imi Plc.
Trillium Flow Technologies
Neway Valves Co. Ltd.
Curtiss-Wright Corporation
GWC
Petrolvalves
Perar
Cameron
Velan Inc.
Flowserve Corporation
Danfoss A/S
Neles Corporation
Parker-Hannifin Corporation
Alfa Laval
Christian Bürkert

In Chapter 4 and Chapter 14.2, on the basis of types, the Ball Valves market from 2018 to 2029 is primarily split into:

Stainless Steel
Brass
Carbon steel
Duplex
Super Duplex
Incoloy
Titanium
Inconel
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ball Valves market from 2018 to 2029 covers:

Oil & Gas
Water & Wastewater Treatment
Energy & Power
Food & Beverages
Chemicals

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)