openPR Logo
Press release

Ball Valves Market to Witness the Highest Growth in Asia Pacific Region

12-08-2022 10:13 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

Ball Valves Market to Witness the Highest Growth in Asia Pacific

The ball valve market is projected to reach USD 16.2 billion by 2027 from USD 13.0 billion in 2022, growing at a CAGR of 4.5% from 2022 to 2027. The market growth is mainly attributed to the factors such as utilization of IIoT and digital transformation in industrial plants, application of 3D printing technology in valve manufacturing, and focus of industry players on offering improved customer services. These factors are expected to create high growth opportunities for the market.

Download PDF Brochure @

Market for stainless steel ball valves to grow at highest CAGR during the forecast period
Stainless steel is preferred over carbon steel in applications where corrosion resistance is of utmost importance. Stainless steel ball valves typically experience demand from pharmaceuticals, chemicals, oil & gas, and food & beverages industries. In the chemical industry, valves are required to tolerate challenging conditions ranging from high toxicity to medium to aggressive chemical compound ingression due to the corrosive environment found in chemical processing. While carbon steel and basic stainless steel, such as 316s, 329s, and 400s, work well in oil & gas, water & wastewater treatment, pharmaceuticals, building & construction, and pulp and paper industries, more corrosion resistance is often required for these challenging service conditions.

Trunnion-mounted ball valves to dominate ball valves market during the forecast period.
Market for Trunnion-mounted ball valves to account for largest market share during the forecast period. The trunnion-mounted stem absorbs the thrust from the line pressure, avoiding excess friction between the ball and seats. Thus, the operation torque remains low at full pressure. Hence, trunnion-mounted ball valves are preferred over the floating and rising stem ball valves in several applications. This in turn, is expected to drive the growth of the market.

1"- 5" ball valves market to grow at significant rate during the forecast period.

Ball valves of size between 1" and 5" are the most widely manufactured valves. These valves are selected based on flow pressure, noise, media, and vibration. Flowserve Corporation (US), Velan Inc. (Canada), and Neway Valves (China), among others, manufacture these ball valves and supply them to various verticals such as oil & gas, water and wastewater, building and construction, and other general industries such as food & beverages, and pharmaceuticals.

Asia Pacific to account for the largest share of the ball valves market.

Asia Pacific accounted for the largest share of the overall ball valves market in 2021. The growth of the market in APAC can be mainly attributed to the numerous initiatives undertaken by regional governments to encourage the implementation of IoT in the industrial sector in APAC. Rapid population growth and urbanization in developing economies, such as China, Japan, and India, have led to the growth of the energy & power, water & wastewater treatment, building & construction, chemical, pharmaceutical, and oil & gas industries.

Inquiry Before Buying @

Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Valmet (Neles Corporation) (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US), and Velan, Inc. (Canada) are the key players in the ball valves market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

News also covered:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ball Valves Market to Witness the Highest Growth in Asia Pacific Region here

News-ID: 2840195 • Views: 203

More Releases from MarketsandMarkets

Biodegradable Plastics Market | Key players operating in the market include BASF …
The global Biodegradable Plastics Market size is estimated at USD 7.7 billion in 2021 and is projected to reach USD 23.3 billion by 2026, at a CAGR of 24.9%. Higher price of biodegradable plastics than conventional plastics, along with the performance issue of biodegradable plastics are the major restraining factors for the biodegradable plastics market. View detailed Table of Content here - Browse 153 market data Tables and 44 Figures spread through 236
Surgical Robots Market worth $18.4 billion by 2027 - Leading Key Players are Int …
Surgical Robots Market is projected to reach USD 18.4 billion by 2027 from an estimated USD 8.5 billion in 2022, at a CAGR of 16.6% during the forecast period according to a new report by MarketsandMarkets™. The increasing adoption of surgical robots, and the increase in funding for medical robot research are the factors attributing to the growth of surgical robots. Download PDF Brochure: Browse in-depth TOC on "Surgical Robots Market" 152
Antenna, Transducer and Radome Market Set to Grow at the Fastest Rate- Time to G …
The global Antenna, Transducer and Radome Market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR, capable of withstanding harsh conditions and providing long-range capabilities
With 47.6% CAGR, Artificial Intelligence in Healthcare Market Growth to Surpass …
The AI in Healthcare Market is projected to grow from USD 14.6 Billion in 2023 to USD 102.7 Billion by 2028; it is expected to grow at a CAGR of 47.6% during the forecast period. An increasing need to reduce healthcare costs is one of the primary factors for AI growth in the healthcare market. The rising need for improvised healthcare services due to the imbalance between the healthcare workforce

All 5 Releases

More Releases for Asia

South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the