Ball Valves Market Research Report Information by Size (Up to 1”, 1"-3", and 4"-6"), by Ball Valve Pieces (1 Piece, 2 Pieces, And 3 Pieces), by Design Technology (Floating Ball Design, And Trunnion Mounted Ball Design), by Method of Actuation (Manual, Con

Ball Valves Market Research Report Information by Size (Up to 1”, 1""-3"", and 4""-6""), by Ball Valve Pieces (1 Piece, 2 Pieces, And 3 Pieces), by Design Technology (Floating Ball Design, And Trunnion Mounted Ball Design), by Method of Actuation (Manual, Control, and On-Off Valve), by Application (Metal & Mining, Oil & Gas, Water & Wastewater Treatment, LNG, LPG, Steel Industry, Sugar Industry, Chemical & Petro Chemical, Pulp & Paper, Energy & Power, Building & Construction, Food & Beverage, And Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Global Forecast Till 2030

Over the course of the forecast period, the global ball valves industry is expected to increase at a compound annual growth rate (CAGR) of 5.94%.

The market for ball valves is being pushed by the rising need for electricity and energy as well as the opportunities brought about by the expanding usage of industrial automation.

The growing need for energy and power has led to an increase in the demand for ball valves in recent years. Numerous causes, such as population expansion, urbanization, industrialization, and the search for more pure and sustainable energy sources, are contributing to the rising demand for power and energy. Power plants that use nuclear, hydroelectric, or fossil fuels as well as renewable energy projects like wind and solar farms all use ball valves to produce electricity. The growing global demand for oil and gas, which is being driven by economic expansion and industrial development, is directly driving up the need for ball valves in this industry. Ball valves are used in upstream, midstream, and downstream operations as well as in drilling, production, refinement, and transportation in the oil and gas sector.

Insights by Market Segment
Based on their size, the ball valves found worldwide are divided into three categories: As much as 1"", 1""–3"", and 4""–6"" The global ball valves are classified into three groups according to the number of ball valve segments: 1 Piece, 2 Segments, and 3 Pieces.

Based on design technology, the market is divided into two segments: floating ball design and trunnion-mounted ball design. Depending on how it is actuated, it can be divided into three categories: manual, control, and on-off valve.

The application sector of the ball valves market size is made up of the steel, sugar, metal & mining, oil & gas, water & wastewater treatment, LNG, LPG, chemical & petrochemical, pulp & paper, energy & power, building & construction, food & beverage, and other industries.

Regional Views
The ball valves market in North America, which held the biggest market share in 2023, is expected to rise at a significant compound annual growth rate (CAGR) over the research period. North America has a sizable market for ball valves, which are mechanical devices that control fluid pressure and flow in a range of industrial applications. Numerous sectors, such as oil and gas, power production, chemical, water and wastewater, mining, and food and beverage, use ball valves.

Furthermore, the Ball Valves Market's second-largest region is Asia Pacific. The increased demand from a range of end-user sectors, including as oil and gas, power generation, chemicals, water and wastewater treatments, and mining, is driving significant growth in the Asia-Pacific ball valve market.

In addition, the market for ball valves in Europe has grown significantly in recent years. In the worldwide ball valve market, Europe is a crucial region that offers a wide range of prospects for suppliers, manufacturers, and customers. Ball valves are essential parts used in many different sectors to control the flow of gases and liquids.

Key Players
Among the top players in the market are Cameron International Corporation, Crane Co., Metso Corporation, Alfa Laval, Swagelok Company, Emerson Electric Company, MRC Global Inc, Velan Inc, The Weir Group Plc, Valmet, Flowserve Corporation, Dwyer Instruments Ltd, and Flomatic Corporation.