Ball Valve Market, growing at a 3.68% CAGR, is expected to grow to USD 19.867 billion in 2031 from USD 15.998 billion in 2025.
A ball valve is a type of valve that controls the flow of fluids or gases through a pipe or conduit and is typically operated by a lever or a handle connected to the ball, allowing for easy control of the valve. Ball valves are known for their durability, reliability, and ease of operation, and they come in various types, such as full port, standard port, V port, and trunnion, among others. Ball valves are used in oil & gas, power & energy, chemicals, manufacturing, and other sectors where precise control and reliable shut-off are required. The rising oil & gas production and growing electricity demand are expected to drive the demand for ball valves.
The surge in the production of oil & gas is expected to drive the ball valve market growth.
Increasing oil and gas production calls for better infrastructure for the transportation, processing, and distribution of these resources. Pipelines are crucial for transporting oil and gas over long distances, and ball valves are essential for controlling the flow within these pipelines. Ball valves are employed in wellheads, pipelines, and gathering systems to regulate oil and gas flow, allowing operators to optimize extraction and minimize operational risks. Refining and processing facilities require valves that can handle the high pressures and temperatures of refining crude oil and processing natural gas. Ball valves offer superior sealing capabilities, durability, and the ability to handle demanding operating conditions, making them ideal for these applications. Oil & gas production has increased over the past couple of years due to the demand surge from major end users. According to a report by World Oil in 2022, oil production in Middle-East countries was 24.625 MMbpd in 2021, a 2% increase from the previous year. According to the International Energy Agency (IEA), in 2023, the use of natural gas in India is anticipated to increase by 25 BCM, averaging 9% yearly growth until 2024. Such an increase in oil & gas production will simultaneously accelerate ball valves market demand, thereby propelling future market growth.
The rising electricity demand is augmenting the demand for ball valves.
Ball valves are crucial in power generation, transmission, and distribution systems, ensuring the efficient flow control necessary to meet the increasing electricity demand. In thermal power plants, hydroelectric power plants, and other power generation facilities, ball valves control the flow rates, pressure, and temperature of steam, water, or other fluids to optimize energy production and ensure safe and efficient operation. Ball valves are utilized in distribution substations and switchgear to control the flow of electricity, isolate sections for maintenance or repairs, and ensure reliable power distribution. Growing population and industrial development have increased electricity demand which is expected to positively impact ball valve demand. According to the International Energy Agency 2021, the global electricity demand grew by 5% in 2021 and was expected to grow by 2.4% in 2022. In 2022, the PowerGrid Corporation of India (PGCIL) plans to invest $34.2 billion ($2.8 trillion) by 2030 in building an interstate transmission system (ISTS) to evacuate clean energy.
The Asia Pacific region is expected to hold a significant market share throughout the projected period.
The Asia-Pacific region is expected to dominate the market due to rapid industrialization and rising demand for electricity in India and China, coupled with the increasing oil & gas production in the region. In 2019, the Chinese government invested $77 billion to increase domestic oil production by 50%, up more than 2 million barrels per day, during the following five years. In August 2022, the National Hydroelectric Power Corporation Limited of India and the Government of Himachal Pradesh inked an implementation agreement for the 500 MW Dugar Hydroelectric Project in the Chamba District of Himachal Pradesh. Such positive developments will boost the demand for ball valves, propelling their regional growth.
Ball Valve Market Segmentation:
By Type
Full Port
Standard Port
V Port
Trunnion
Others
By Body Style
Single Body
Split Body
Top Entry
Welded
By Material
Stainless Steel
Brass
PVC (Polyvinyl Chloride)
By End-User
Oil and Gas
Energy and Power
Chemical
Manufacturing
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others