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Trunnion and Floating Ball Valves Market

ID: MRFR/Equip/20599-CR
149 Pages
Pradeep Nandi
June 2024

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... read more

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Trunnion and Floating Ball Valves Market Summary

As per MRFR analysis, the Trunnion Floating Ball Valves Market Size was estimated at 9738.13 USD Million in 2024. The Trunnion Floating Ball Valves industry is projected to grow from 10244.71 USD Million in 2025 to 17011.42 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.2 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Trunnion Floating Ball Valves Market is poised for substantial growth driven by technological advancements and increasing demand across various sectors.

  • Technological advancements are enhancing the efficiency and reliability of trunnion floating ball valves, particularly in the oil and gas sector.
  • The Asia-Pacific region is emerging as the fastest-growing market, driven by rapid industrialization and infrastructure development.
  • The water and wastewater management segment is witnessing significant growth, reflecting a rising focus on sustainability and regulatory compliance.
  • Key market drivers include the increasing demand in the oil and gas sector and the growth in water and wastewater management, highlighting the valves' critical role in these industries.

Market Size & Forecast

2024 Market Size 9738.13 (USD Million)
2035 Market Size 17011.42 (USD Million)
CAGR (2025 - 2035) 5.2%

Major Players

Emerson (US), Flowserve (US), Kitz Corporation (JP), Valmet (FI), Cameron (US), Pentair (US), Crane Co. (US), AVK Holding (DK), Bürkert (DE), Metso (FI)

Trunnion and Floating Ball Valves Market Trends

The Trunnion Floating Ball Valves Market is currently experiencing a notable evolution, driven by various factors that influence its growth trajectory. The increasing demand for efficient fluid control systems across multiple industries, including oil and gas, water treatment, and chemical processing, appears to be a primary catalyst. Furthermore, advancements in valve technology, such as enhanced materials and innovative designs, seem to contribute to the market's expansion. As industries prioritize safety and reliability, the adoption of trunnion floating ball valves is likely to rise, reflecting a shift towards more robust and durable solutions. In addition, the growing emphasis on sustainability and environmental regulations may further propel the Trunnion Floating Ball Valves Market. Companies are increasingly seeking products that not only meet operational requirements but also align with eco-friendly practices. This trend indicates a potential shift in consumer preferences, where the focus is on valves that minimize leakage and reduce environmental impact. Overall, the market appears poised for growth, with various factors converging to create a favorable landscape for trunnion floating ball valves in the coming years.

Technological Advancements

Recent innovations in valve technology are reshaping the Trunnion Floating Ball Valves Market. Enhanced materials and design improvements are leading to more efficient and reliable products. These advancements not only improve performance but also extend the lifespan of valves, making them more appealing to industries that prioritize durability.

Sustainability Focus

The increasing emphasis on environmental sustainability is influencing the Trunnion Floating Ball Valves Market. Companies are actively seeking solutions that minimize environmental impact, such as valves designed to reduce leakage. This trend reflects a broader shift towards eco-friendly practices across various sectors.

Regulatory Compliance

Stricter regulations regarding safety and environmental standards are impacting the Trunnion Floating Ball Valves Market. Industries are compelled to adopt products that comply with these regulations, driving demand for high-quality valves that ensure safety and reliability in operations.

Trunnion and Floating Ball Valves Market Drivers

Market Growth Projections

The Global Trunnion and Floating Ball Valves Market Industry is poised for substantial growth, with projections indicating a market size of 9.74 USD Billion in 2024 and an anticipated increase to 17 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 5.2% from 2025 to 2035, driven by various factors such as rising demand in the oil and gas sector, infrastructure development, and technological advancements. The market's expansion underscores the critical role of valves in diverse applications, highlighting their importance in ensuring efficient and safe fluid control across industries.

Rising Demand in Oil and Gas Sector

The Global Trunnion and Floating Ball Valves Market Industry experiences heightened demand driven by the oil and gas sector. As exploration and production activities expand, the need for reliable and efficient flow control solutions becomes paramount. For instance, the global oil and gas industry is projected to witness substantial investments, which could lead to a market valuation of approximately 9.74 USD Billion in 2024. This growth indicates a robust requirement for trunnion and floating ball valves, which are essential for managing high-pressure and high-temperature applications, thereby ensuring operational safety and efficiency.

Growing Chemical Processing Industry

The growing chemical processing industry significantly influences the Global Trunnion and Floating Ball Valves Market Industry. As chemical production expands globally, the need for robust and reliable valve systems becomes increasingly critical. Valves play a vital role in controlling the flow of corrosive and hazardous substances, ensuring safety and efficiency in chemical plants. The expansion of this sector is anticipated to drive market growth, with projections indicating a potential market size of 17 USD Billion by 2035. This trend highlights the essential role of trunnion and floating ball valves in supporting the chemical processing industry's operational demands.

Infrastructure Development Initiatives

Infrastructure development initiatives across various regions significantly bolster the Global Trunnion and Floating Ball Valves Market Industry. Governments are increasingly investing in water supply, wastewater treatment, and energy infrastructure projects. For example, the expansion of urban infrastructure in developing nations necessitates the installation of advanced valve systems to manage fluid flow effectively. This trend is expected to contribute to a market growth trajectory that could reach 17 USD Billion by 2035, reflecting the critical role of valves in supporting sustainable infrastructure development.

Environmental Regulations and Compliance

Stringent environmental regulations and compliance requirements are driving the Global Trunnion and Floating Ball Valves Market Industry. Industries are compelled to adopt valves that minimize leakage and ensure safe handling of hazardous materials. For instance, the implementation of regulations aimed at reducing emissions and enhancing safety standards necessitates the use of high-quality valves that meet these criteria. This regulatory landscape is expected to propel market growth, as companies seek to comply with environmental standards while maintaining operational efficiency, thereby reinforcing the demand for reliable valve solutions.

Technological Advancements in Valve Design

Technological advancements in valve design and manufacturing processes are transforming the Global Trunnion and Floating Ball Valves Market Industry. Innovations such as smart valves equipped with IoT capabilities enhance operational efficiency and predictive maintenance. These advancements not only improve performance but also reduce downtime and maintenance costs. As industries increasingly adopt automation and smart technologies, the demand for advanced valve solutions is likely to rise, contributing to a projected CAGR of 5.2% from 2025 to 2035. This growth underscores the importance of integrating technology into valve systems to meet evolving industry needs.

Market Segment Insights

By Application: Oil and Gas (Largest) vs. Water and Wastewater (Fastest-Growing)

In the Trunnion Floating Ball Valves Market, the application segment showcases a diverse distribution of market share, with Oil and Gas leading as the dominant sector. This segment employs these valves primarily for their reliability in high-pressure environments and ability to handle corrosive fluids, making them ideal for upstream and downstream processes. Water and Wastewater, while currently smaller in market share, is rapidly gaining traction due to increasing global emphasis on water treatment and regulation compliance. Both segments benefit from advancements in material technology, enhancing valve performance and durability under various conditions.

Oil and Gas (Dominant) vs. Water and Wastewater (Emerging)

The Oil and Gas sector remains the dominant force in the Trunnion Floating Ball Valves Market, driven by its extensive application in exploration and production. Valves in this segment must withstand extreme conditions, requiring robust designs and materials that ensure long-lasting performance and safety. Conversely, the Water and Wastewater sector is emerging, propelled by demands for improved infrastructure and modern treatment solutions. This segment is characterized by its focus on sustainable practices and innovation in valve designs, which cater to efficiency and reduced lifecycle costs. As regulations tighten around water quality and availability, investment in this area is expected to rise, making it a vital growth area for valve manufacturers.

By End Use: Industrial (Largest) vs. Agricultural (Fastest-Growing)

In the Trunnion Floating Ball Valves Market, the industrial segment holds the largest share due to its extensive applications in oil and gas, chemical processing, and power generation. This segment benefits from the continuous demand for reliable and efficient flow control solutions. Conversely, the agricultural segment, although smaller, is emerging rapidly, driven by the need for modern irrigation and water management systems, making it the fastest-growing area of the market. Growth trends in this market are largely influenced by technological advancements and increasing automation in industrial processes. Moreover, the rising focus on agricultural efficiency and sustainability is propelling innovations in valve technologies that cater specifically to agricultural needs. As industries evolve, the demand for robust solutions that can manage high pressures and flow rates becomes crucial, further solidifying the position of the industrial segment while fueling growth in agriculture.

Industrial (Dominant) vs. Agricultural (Emerging)

The industrial segment remains the dominant force in the Trunnion Floating Ball Valves Market, characterized by a high demand for durable and efficient flow control solutions within sectors like oil and gas and chemicals. These valves are preferred for their ability to operate under high pressure and temperature conditions, making them ideal for critical industrial applications. On the other hand, the agricultural segment is emerging as a vital growth area, driven by the increasing need for efficient water management systems amidst growing concerns over water scarcity. Innovations tailored to agricultural applications focus on enhancing water conservation and distribution effectiveness. Consequently, while industrial applications lead the market, the agricultural segment shows promising growth potential, reflecting a shift towards sustainable practices.

By Material Type: Carbon Steel (Largest) vs. Stainless Steel (Fastest-Growing)

The Trunnion Floating Ball Valves market exhibits a diverse material type spectrum, with Carbon Steel holding the dominant position among the segment values. It is favored for its robustness and cost-effectiveness, securing a significant portion of the market share. In comparison, Stainless Steel is witnessing rapid growth due to its superior corrosion resistance and suitability for high-pressure applications, making it increasingly preferred in sectors like oil and gas.

Carbon Steel (Dominant) vs. Stainless Steel (Emerging)

Carbon Steel is widely regarded as the dominant material in the Trunnion Floating Ball Valves market, primarily due to its affordability and strength. This material is ideal for various applications, providing excellent durability and reliability. In contrast, Stainless Steel is emerging as a material of choice for applications requiring enhanced corrosion resistance and durability under extreme conditions. Its growth is driven by increasing demands in industries that prioritize long-lasting performance and safety, positioning it as a vital alternative to traditional materials.

By Size: Large (Largest) vs. Small (Fastest-Growing)

In the Trunnion Floating Ball Valves Market, the size segment reveals a competitive landscape characterized by distinct market share distribution. Large-sized valves currently hold the largest share in the market, appealing to industrial applications that require reliable and robust performance. Conversely, small-sized valves are witnessing a rapid increase in demand, primarily driven by their suitability for compact applications and industries focusing on space-saving designs. As the market evolves, growth trends showcase the increasing preference for small valves, considered the fastest-growing segment within this market. Factors such as the expansion of smaller manufacturing setups and the rise of automation technologies that necessitate compact solutions are contributing to this growth. Additionally, sustainability trends are pushing users towards space-efficient and energy-saving products, further propelling the small valve segment.

Size: Large (Dominant) vs. Small (Emerging)

In the Trunnion Floating Ball Valves Market, large valves are regarded as the dominant force due to their widespread applications across various industrial sectors. Their robust design and capacity to handle high-pressure conditions make them essential for operations involving heavy fluids. In contrast, small valves are emerging rapidly, catering to industries that prioritize compactness and efficiency. These valves are favored in scenarios where space is limited, and their ability to function effectively in such conditions is fueling their adoption. The success of small valves is also enhanced by innovations focused on integrating advanced features while maintaining a minimal footprint, positioning them as a crucial alternative in an evolving marketplace.

By Pressure Rating: High Pressure (Largest) vs. Medium Pressure (Fastest-Growing)

The Trunnion Floating Ball Valves market is segmented by pressure rating into Low Pressure, Medium Pressure, and High Pressure categories. Currently, the High Pressure segment dominates the market, accounting for the largest share due to its critical applications in industries such as oil and gas, chemical processing, and power generation. Medium Pressure valves are also witnessing significant interest, establishing a solid presence with a considerable percentage share, while Low Pressure valves cater to less demanding applications, thereby holding a smaller market share in comparison. As industries evolve toward more efficient operations and safety standards, the demand for High Pressure valves continues to surge, driven by their reliability and capability to withstand extreme conditions. Meanwhile, the Medium Pressure segment shows promising growth potential, largely attributed to the expanding industrial sector that requires versatile valves for various applications. Factors such as heightened regulatory frameworks and the pursuit of sustainability are further propelling the growth of both High Pressure and Medium Pressure valves, indicating a robust trend moving forward.

High Pressure (Dominant) vs. Medium Pressure (Emerging)

The High Pressure segment of the Trunnion Floating Ball Valves market stands as the dominant player, specifically designed to operate under stringent conditions while ensuring safety and operational efficiency. These valves are typically used in critical industries such as oil and gas, where they handle high-stress environments and prevent leaks, thereby enhancing overall reliability. On the other hand, the Medium Pressure segment is emerging as a vital alternative, showing a surge in demand due to its adaptability and applicability in various industrial settings. These valves provide a balance between performance and cost-effectiveness, making them appealing to manufacturers aiming for efficiency. This evolving landscape illustrates a dynamic shift as industries increasingly embrace medium pressure solutions as a versatile option to meet diverse operational requirements.

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Regional Insights

North America : Market Leader in Valves

North America is poised to maintain its leadership in the Trunnion Floating Ball Valves market, holding a significant market share of $4860.0M in 2024. The region's growth is driven by increasing investments in infrastructure, stringent safety regulations, and a shift towards automation in various industries. The demand for high-performance valves is further fueled by the oil and gas sector, which is experiencing a resurgence in exploration and production activities. The United States stands out as the leading country in this market, with major players like Emerson, Flowserve, and Cameron driving innovation and competition. The presence of advanced manufacturing facilities and a robust supply chain enhances the competitive landscape. Additionally, the region benefits from favorable government policies that support industrial growth, ensuring a steady demand for Trunnion Floating Ball Valves.

Europe : Emerging Market Dynamics

Europe's Trunnion Floating Ball Valves market is projected to reach $2900.0M by 2025, driven by increasing industrial automation and a focus on energy efficiency. Regulatory frameworks aimed at reducing emissions and enhancing safety standards are significant catalysts for market growth. The region's commitment to sustainability and innovation in manufacturing processes is also contributing to the rising demand for advanced valve technologies. Germany and the UK are leading countries in this sector, with key players like Kitz Corporation and Valmet establishing a strong foothold. The competitive landscape is characterized by a mix of established companies and emerging startups, fostering innovation. The European market is also witnessing collaborations and partnerships aimed at enhancing product offerings and expanding market reach.

Asia-Pacific : Rapidly Growing Market

The Asia-Pacific region is experiencing rapid growth in the Trunnion Floating Ball Valves market, projected to reach $1500.0M by 2025. This growth is driven by increasing industrialization, urbanization, and investments in infrastructure projects across countries like China and India. The demand for efficient and reliable valve solutions is further supported by government initiatives aimed at enhancing industrial productivity and safety standards. China is the dominant player in this market, with a significant presence of local manufacturers and international companies. The competitive landscape is evolving, with firms focusing on technological advancements and product diversification. The region's market is characterized by a growing emphasis on quality and performance, ensuring that manufacturers meet the rising expectations of end-users.

Middle East and Africa : Emerging Opportunities

The Middle East and Africa region is gradually emerging in the Trunnion Floating Ball Valves market, with a market size of $478.13M projected for 2025. The growth is primarily driven by increasing investments in oil and gas exploration, coupled with infrastructure development initiatives. Regulatory frameworks aimed at enhancing safety and environmental standards are also contributing to the demand for high-quality valve solutions in this region. Countries like Saudi Arabia and the UAE are leading the market, with significant investments in energy and water management sectors. The competitive landscape is characterized by a mix of local and international players, focusing on innovation and quality. The presence of key manufacturers is expected to grow, driven by the region's strategic importance in global energy markets.

Key Players and Competitive Insights

The Trunnion Floating Ball Valves Market is currently characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include the increasing demand for efficient fluid control systems across various industries, such as oil and gas, water treatment, and power generation. Major players like Emerson (US), Flowserve (US), and Kitz Corporation (JP) are strategically positioned to leverage their technological advancements and extensive product portfolios. Emerson (US) focuses on innovation and digital transformation, enhancing its product offerings with smart technologies. Flowserve (US) emphasizes operational excellence and supply chain optimization, while Kitz Corporation (JP) aims to expand its market presence through strategic partnerships and regional expansion, collectively shaping a competitive environment that is increasingly reliant on technological differentiation.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and enhance responsiveness to market demands. The market structure appears moderately fragmented, with several key players exerting influence over their respective segments. This fragmentation allows for a diverse range of offerings, yet the collective strength of these companies fosters a competitive atmosphere where innovation and customer service are paramount.

In November 2025, Emerson (US) announced the launch of a new line of smart trunnion floating ball valves designed to integrate seamlessly with IoT platforms. This strategic move is significant as it positions Emerson at the forefront of the digital transformation trend, catering to the growing demand for smart industrial solutions. The introduction of these advanced products is likely to enhance operational efficiency for end-users, thereby solidifying Emerson's competitive edge in the market.

In October 2025, Flowserve (US) completed a strategic acquisition of a regional valve manufacturer, which is expected to bolster its production capabilities and expand its geographical footprint. This acquisition not only enhances Flowserve's market share but also allows for improved supply chain efficiencies, enabling the company to respond more effectively to customer needs. Such strategic actions indicate a trend towards consolidation in the market, as companies seek to enhance their operational capabilities.

In September 2025, Kitz Corporation (JP) entered into a partnership with a leading technology firm to develop next-generation valve monitoring systems. This collaboration is indicative of Kitz's commitment to innovation and sustainability, as it aims to provide customers with enhanced monitoring capabilities that can lead to reduced downtime and improved maintenance practices. The partnership reflects a broader trend in the industry towards integrating advanced technologies into traditional valve systems.

As of December 2025, current competitive trends are heavily influenced by digitalization, sustainability initiatives, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, allowing companies to pool resources and expertise to drive innovation. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, reliability in supply chains, and sustainable practices. This shift underscores the importance of innovation as a key driver of market success in the Trunnion Floating Ball Valves Market.

Key Companies in the Trunnion and Floating Ball Valves Market market include

Industry Developments

  • In 2023, Flowserve Corporation announced the release of the Worcester 51/52 Series Reduced Port Flanged Ball Valves. These quarter-turn, floating ball valves have been re-engineered for global availability by standardizing design, materials, construction and product certifications.
  • In 2023, Flowserve Corporation has launched the Worcester Cryogenic series of reduced-port, quarter-turn floating ball valves for the liquefied natural gas (LNG), hydrogen and other industrial gas sectors. It is available in three-piece (CF44 series) and flanged (CF51/CF52 series) configurations, the valves feature a high-strength stem and provide exceptional fugitive emissions control from an improved live-loaded stem seal.

Future Outlook

Trunnion and Floating Ball Valves Market Future Outlook

The Trunnion Floating Ball Valves Market is projected to grow at a 5.2% CAGR from 2024 to 2035, driven by increasing industrial automation and demand for efficient fluid control solutions.

New opportunities lie in:

  • Expansion into renewable energy sectors with specialized valve solutions.
  • Development of smart valve technologies for predictive maintenance.
  • Strategic partnerships with OEMs for integrated valve systems.

By 2035, the market is expected to achieve robust growth, solidifying its position in the global industrial landscape.

Market Segmentation

Trunnion Floating Ball Valves Market Size Outlook

  • Small
  • Medium
  • Large
  • Extra Large

Trunnion Floating Ball Valves Market End Use Outlook

  • Industrial
  • Commercial
  • Residential
  • Agricultural

Trunnion Floating Ball Valves Market Application Outlook

  • Oil and Gas
  • Water and Wastewater
  • Power Generation
  • Chemical Processing
  • Mining

Trunnion Floating Ball Valves Market Material Type Outlook

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Plastic

Trunnion Floating Ball Valves Market Pressure Rating Outlook

  • Low Pressure
  • Medium Pressure
  • High Pressure

Report Scope

MARKET SIZE 20249738.13(USD Million)
MARKET SIZE 202510244.71(USD Million)
MARKET SIZE 203517011.42(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.2% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledEmerson (US), Flowserve (US), Kitz Corporation (JP), Valmet (FI), Cameron (US), Pentair (US), Crane Co. (US), AVK Holding (DK), Bürkert (DE), Metso (FI)
Segments CoveredApplication, End Use, Material Type, Size, Pressure Rating
Key Market OpportunitiesIntegration of advanced materials enhances durability and performance in the Trunnion Floating Ball Valves Market.
Key Market DynamicsRising demand for efficient flow control solutions drives innovation and competition in the Trunnion Floating Ball Valves market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

How much was the Trunnion and Floating Ball Valves Market in 2023?

The Trunnion and Floating Ball Valves Market size was valued at USD 9,333.88 Million in 2023.

What is the growth rate of the Trunnion and Floating Ball Valves Market during the forecast period?

The Global market is projected to grow at a CAGR of 5.20% during the forecast period 2024-2032.

Which region held the largest market share in the Trunnion and Floating Ball Valves Market in 2023?

Asia-Pacific had the largest share of the Trunnion and Floating Ball Valves Market in 2023.

Who are the key players in the Trunnion and Floating Ball Valves Market?

The key players in the market are Emerson Electric Co, Kitz Corporation, Neway Valves Co. Ltd., Flowserve, OMS Saleri, Della Foglia, Valvitalia, Dafram, OMB, GWC among others.

Which Type dominated the Trunnion and Floating Ball Valves Market in 2023?

The Floating Ball Valves segment dominated the Trunnion and Floating Ball Valves Market in 2023.

Which valve size segment had the largest market share in the Trunnion and Floating Ball Valves Market in 2022?

The 3 inches-12 inches segment had the largest revenue share of the Trunnion and Floating Ball Valves Market in 2023.

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