Trunnion and Floating Ball Valves Market Research Report Information , by Material (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Others), by Valve Size (Up To 2 Inches, 3 Inches-12 Inches, 13-48 Inches, More Than 48 Inches), by Valve Rating (Und

Trunnion and Floating Ball Valves Market Research Report Information , by Material (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Others), by Valve Size (Up To 2 Inches, 3 Inches-12 Inches, 13-48 Inches, More Than 48 Inches), by Valve Rating (Under Class 50, Class 50 To Class 150, Class 300 To Class 600, Class 900 To Class 1500, More Than Class 1500), by Pressure Rating (Below 2,000 PSI, 2,000 PSI To 5,000 PSI, 5,000 PSI To 10,000 PSI, 10,000 PSI To 15,000 PSI, 15,000 PSI To 20,000 PSI), by API Standard (API 6D Valves, API 6D Valves, Others), by Application (Cryogenic Pipelines, Gas Pipelines, SPS (Subsea Production Systems), CCUS (Carbon Capture, Utilization, And Storage), Onshore, Offshore, Others) –Industry Forecast Till 2032

The market size for trunnion and floating ball valves was estimated at USD 9,333.88 million in 2023. The industry for trunnion and floating ball valves is expected to expand at a compound annual growth rate (CAGR) of 5.20% over the course of the forecast period, from USD 9,738.13 million in 2024 to USD 14,602.90 million by 2032.

Several important variables impact the global market for floating ball and trunnion valves. The need for these valves in a variety of applications, including transportation, extraction, and refining, is being driven by the oil and gas industry's continuous growth, especially in North America, the Middle East, and Asia-Pacific. Further supporting market expansion are strict safety laws and the requirement for dependable valve solutions in crucial operations. Furthermore, throughout the projected period, the Trunnion and Floating Ball Valves Market will have plenty of opportunity due to technical developments in valve design and materials that are intended to improve performance, durability, and efficiency.

The burgeoning operations in the oil and gas exploration sector have an impact on the growing demand for trunnion and floating ball valves in the global market. There are multiple variables responsible for the spike in demand, all of which are significant in influencing the market. The demand for dependable and effective valve solutions is driven by the ongoing exploration and production activities in both conventional and unconventional oil and gas reservoirs.

Insights on Market Segments
Based on type, the trunnion and floating ball valves market is divided into two categories: floating ball valves and trunnion-mounted ball valves.

The following segments comprise the material-based market segmentation for trunnion and floating ball valves: Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, and Others.

The market for trunnion and floating ball valves is divided into the following segments based on valve size: More than 48 inches, up to 2 inches, 3 inches to 12 inches, and 13 to 48 inches.

The following material-based segments make up the market for trunnion and floating ball valves: under class 50, class 50 to class 150, class 300 to class 600, class 900 to class 1500, and more than class 1500.

The following pressure rating divisions make up the market for trunnion and floating ball valves: below 2,000 psi, 2,000 psi to 5,000 psi, 5,000 psi to 10,000 psi, 10,000 psi to 15,000 psi, and 15,000 psi to 20,000 psi.

The following segments comprise the API standard-segmented market for trunnion and floating ball valves: API 6A Valves, API 6D Valves, and Others.

The following segments comprise the market for trunnion and floating ball valves: Cryogenic Pipelines, Gas Pipelines, SPS (Subsea Production Systems), CCUS (Carbon Capture, Utilization, and Storage), Onshore, Offshore, and Others. The market is further divided based on API standard.

Regional Perspectives
Based on geography, the markets for trunnion and floating ball valves are split into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

China, India, Japan, South Korea, and the rest of Asia Pacific are the nations that make up the Asia Pacific region. China, the largest manufacturing hub in the world, controls the majority of the Asia-Pacific market thanks to huge expenditures in the petrochemical, oil and gas exploration, and infrastructure sectors.

North America is made up of the United States, Canada, and Mexico. Technological developments, strict industry regulations, and rising demand from a variety of end-user sectors, including oil and gas, petrochemicals, and power generation, are some of the factors influencing the North American market for trunnion and floating ball valves.

Important European nations like Germany, France, the UK, Italy, and Spain are crucial in determining the nature of the market. In the European market for floating ball and trunnion valves, Germany is a notable player. The nation's strong industrial base contributes to a significant demand for these valves in a number of industries, including water treatment, chemicals, and oil and gas.

Key Players
Emerson Electric Co., Kitz Corporation, Neway Valves Co. Ltd., Flowserve, OMS Saleri, Della Foglia, Valvitalia, Dafram, OMB, and GWC are a few of the major companies involved in the trunnion and floating ball valve market.