2025-2034 Ball Valves Market Roadmap: Insights for Competitive Advantage

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How Large Will the Ball Valves Market Size By 2025?
Recent years have seen a consistent expansion in the market size of ball valves. The market, which sits at $13.67 billion in 2024, is predicted to rise to $14.17 billion in 2025, boasting a compound annual growth rate (CAGR) of 3.7%. This growth relates back to a variety of factors, including oil and gas exploration and production, water and wastewater management, petrochemical and chemical processing, efficiency in energy use, development of infrastructure, and the implementation of automation and control systems.

How Big Is the Ball Valves Market Size Expected to Grow by 2029?
The market for ball valves is predicted to experience consistent expansion in the forthcoming years, swelling to a value of $17.01 billion by 2029 with a CAGR of 4.7%. This upturn during the forecast period can be ascribed to various factors such as the emphasis on smart valves, the escalation in renewable energy initiatives, water shortage issues, rigorous environmental norms, robustness in supply chains and the surfacing of new end-user sectors. Key predicted trends during this period comprise a growing attraction towards automation and management systems, the introduction of advanced materials, the increasing importance in industrial process regulation, the need for high-pressure and high-temperature applications, a transition towards floating ball valve designs, and strategic business mergers and acquisitions.

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Which Key Market Drivers Powering Ball Valves Market Expansion and Growth?
The ball valve market is anticipated to expand as a result of the swift urbanization. Activities linked to infrastructure development and construction, driven by urbanization, have led to an increase in ball valve demand. To illustrate, a World Bank report revealed that in 2022, approximately 4.4 billion individuals, or 56% of the global population, were living in urban areas. The urban population is projected to exceed its current figure by 2050, suggesting that nearly 7 out of every 10 individuals will be living in urban areas. Therefore, the escalating urbanization is fueling the ball valve market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Ball Valves Market?
The key trending innovation in the ball valve market is the application of 3D printing technologies. By employing a computerized design to construct objects layer by layer, 3D printing allows for customization of valves based on customer needs. In an illustrative instance from October 2023, significant investments were made into 3D printing solutions by ThyssenKrupp Materials Services, the materials distribution and supply chain division of Germany's industrial engineering and steel manufacturer, ThyssenKrupp AG, together with Wilh. Wilhelmsen Ships Service, a shipping firm from Norway. Employing this state-of-the-art manufacturing technique, they were able to produce vital spare parts quicker and more economically than with conventional methods. Similarly, Valland SpA, an Italian manufacturer of Ball, Gate, and Check Valves, crafted a ball valve that was 3D printed by ThyssenKrupp using reused metal supplied by F3nice AS. This Italy-based metal powder company for 3D printing is known for its upcycling of retired ship spare parts.

What Are the Emerging Segments in the Ball Valves Market?
The ball valves market covered in this report is segmented -

1) By Types: Trunnion-Mounted Ball Valves, Floating Ball Valve, Rising Stem Ball Valve
2) By Material: Steel, Cast Iron, Cryogenic, Alloy Based, Other Materials
3) By Size:

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