Ball Valves Market Summary
As per Market Research Future Analysis, the Global Ball Valves Market was valued at USD 7904.46 Million in 2024 and is projected to reach USD 14915.00 Million by 2035, growing at a CAGR of 5.94% from 2025 to 2035. The market is driven by the increasing need for energy and power, alongside the rising adoption of industrial automation. Ball valves are essential in various applications, including power generation and the oil & gas sector, where they facilitate fluid control and regulation.
Key Market Trends & Highlights
Key trends influencing the Ball Valves Market include:
- The market is expected to grow from USD 7,904.46 Million in 2024 to USD 12,598.47 Million by 2032.
- The 4"-6" ball valves segment dominated the market in 2023, while the 1"-3" segment is projected to be the fastest-growing.
- The on-off valve segment led the market in 2023, with the control segment anticipated to grow the fastest during the forecast period.
- North America accounted for the largest market share in 2023, driven by demand in oil & gas and power generation sectors.
Market Size & Forecast
2024 Market Size | USD 7904.46 Million |
2035 Market Size | USD 14915.00 Million |
CAGR (2024-2035) | 5.94% |
Major Players
Major players in the Ball Valves Market include Emerson Electric Co., Flowserve Corporation, Cameron International Corporation, Crane Co., and Metso Corporation.