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In-Depth Analysis of the Ball Valves Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Ball Valves Market
The ball valve market is predicted to expand due to the fast pace of urbanization. The boost in infrastructure development and construction activities caused by urbanization has subsequently led to a surge in the need for ball valves. To illustrate, the World Bank reported that in 2022, around 4.4 billion people, making up 56% of the world's overall population, were based in urban areas. By 2050, this number is forecasted to include roughly 7 out of every 10 people, leading to a significant increase in the urban population more than its current rate. Therefore, the escalation in urbanization is currently powering the expansion of the ball valve market.
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What growth opportunities are expected to drive the ball valves market's CAGR through 2034?
In recent times, there has been a consistent increase in the market size of ball valves, growing from a worth of $13.67 billion in 2024 to an anticipated value of $14.17 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.7%. The heightened activities in oil and gas exploration and production, water, and wastewater treatments, the operation processes in petrochemical and chemical sectors, an increased emphasis on energy efficacy, infrastructure development and automation, along with control systems, explain the growth over the historic period.
In the coming years, a steady expansion is anticipated for the ball valves market, reaching a value of $17.01 billion by 2029 with a 4.7% Compound Annual Growth Rate (CAGR). Factors driving growth during this period include emphasis on smart valves, an increase in renewable energy projects, concerns about water scarcity, rigorous environmental rules, robust supply chains, and the rise of new end-user sectors. The forecast period will be marked by key trends such as the growing integration of automation and control systems, the use of innovative materials, a heightened role in industrial process control, a need for high-pressure and high-temperature applications, a shift towards floating ball valve designs, and strategic partnerships and acquisitions.
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What are the emerging trends shaping the future of the ball valves market?
The ball valve market is increasingly adopting 3D printing technologies, an emerging trend which involves creating three-dimensional objects layer by layer using a computerised design. This technology allows for the customisation of valves to suit specific customer needs. This was evidenced in October 2023 when ThyssenKrupp Materials Services, ThyssenKrupp AG's materials distribution and supply chain division, and Norwegian shipping firm Wilh. Wilhelmsen Ships Service made significant investments in 3D printing technology as a solution. These advanced manufacturing methods enable the faster, more economical production of critical spare parts compared to traditional means. Italian Ball, Gate, and Check Valves Manufacturer Valland SpA created a ball valve which was 3D printed by ThyssenKrupp using recycled metal supplied by F3nice AS, an Italian firm specialising in metal powder for 3D printing that recycles decommissioned ship spare parts.
Which growth-oriented segments of the ball valves market are leading the industry's development?
The ball valves market size has grown steadily in recent years. It will grow from $13.67 billion in 2024 to $14.17 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to oil and gas exploration and production, water and wastewater treatment, petrochemical and chemical processing, focus on energy efficiency, infrastructure development, automation and control systems.
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What regions are leading the charge in the ball valves market?
Asia-Pacific was the largest region in the ball valves market in 2024. The regions covered in the ball valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the ball valves market?
Major companies operating in the ball valves market are Emerson Electric Co., Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation), Spirax Sarco Limited, Honeywell International Inc., Parker Hannifin Instrumentation Products Division, SSP Fittings Corp., Columbia Specialty Company, Perrin GmbH, M&M International, FBV Inc., KITZ Corporation, Velan Inc., Cameron International Corporation, Neway Valve (Suzhou) Co. Ltd., Wuzhou Valve Co. Ltd., Jiangsu Shentong Valve Co. Ltd., Bonney Forge Corporation, Bray International Inc., Crane Co., Dwyer Instruments Inc., Flomatic Corporation, Forum Energy Technologies Inc., Georg Fischer Ltd., Hattersley Aladdin Limited, KSB SE & Co. KGaA, NIBCO INC., Valvitalia SpA
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What Is Covered In The Ball Valves Global Market Report?
• Market Size Forecast: Examine the ball valves market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ball valves market for a structured understanding.
• Key Players Overview: Analyze major players in the ball valves market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ball valves market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ball valves market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ball valves market.
• Industry Challenges: Identify potential risks and obstacles affecting the ball valves market.
• Competitive Landscape: Review strategic developments in the ball valves market, including expansions, agreements, and new product launches.
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