Asia Pacific Ball Valve Market Forecast to 2028– COVID-19 Impact and Regional Analysis– by Type (Rising Stem, Floating, and Trunnion Mounted); Material (Stainless Steel, Cast Iron, Cryogenic, Alloy, and Others); End-Use Industry (Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power, and Others)

August 2023 | 50 pages | ID: AC9E83DBDAC8EN
The Insight Partners

Abstracts

The Asia Pacific Ball Valve Market is expected to grow from US$ 6,612.76 million in 2023 to US$ 9,543.20 million by 2028. It is estimated to grow at a CAGR of 7.6% from 2023 to 2028.

Rising Demand for Ball Valves in Oil & Gas Industry Asia Pacific Ball Valve Market

Ball valves are used in refinery and gas processing facilities. In gas processing facilities, ball valves are used to control natural gas flow during various processing stages, such as separation, dehydration, and sweetening. In refineries, the valves control the flow of crude oil and refined products during the distillation, cracking, and blending process. Moreover, ball valves are used in storage and distribution facilities to manage the flow of oil and gas into storage tanks and other vessels. As the valve provides tight shutoff and can withstand harsh operating conditions, it becomes an ideal solution for storage and distribution applications. Also, ball valves are used in offshore oil and gas platforms to on-off hydrocarbons and other fluids flow during production and drilling activities. Thus, increasing use of ball valves in various applications in the oil & gas industry is fueling the Asia Pacific Ball Valve Market growth.

Asia Pacific Ball Valve Market Overview

In April 2022, ITT Inc. announced the acquisition of Habonim, an Israeli-based manufacturer of ball valves and actuation technologies for harsh applications. Habonim’s offering of ball valves, particularly for harsh applications, will help IIT to drive stronger sales growth for industrial processes. Mergers and acquisitions help companies to expand their product portfolio and country presence to provide their customers with different ball valves. Thus, the rising number of mergers and acquisitions is boosting the growth of the Asia Pacific Ball Valve Market.

Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Ball Valve Market Segmentation

The Asia Pacific Ball Valve Market is segmented into type, material, end-users and country.

Based on type, the Asia Pacific Ball Valve Market is segmented into Rising Stem, Floating, and Trunnion Mounted. The Trunnion Mounted segment held a larger share of the Asia Pacific Ball Valve Market in 2023.

Based on material, the Asia Pacific Ball Valve Market is segmented into Stainless Steel, Cast Iron, Cryogenic, Alloy, and Others. The Stainless-Steel segment held the largest share of the Asia Pacific Ball Valve Market in 2023.

Based on end user, the Asia Pacific Ball Valve Market is segmented into Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power, and Others. The Chemicals segment held the largest share of the Asia Pacific Ball Valve Market in 2023.

Based on country, the Asia Pacific Ball Valve Market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The China dominated the share of the Asia Pacific Ball Valve Market in 2023.

Crane Co; Emerson Electric Co; Flowserve Corp; KITZ Corp; Neway Valve Suzhou Co Ltd; Schlumberger NV; Valvitalia SpA; and Velan Inc are some of the major players operating in the Asia Pacific ball valve market.

Contents

1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA PACIFIC BALL VALVE MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. ASIA PACIFIC BALL VALVE MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Rising Demand for Ball Valves in Oil & Gas Industry
  5.1.2 Growing Mergers and Acquisitions
5.2 Market Restraints
  5.2.1 Growing Use of Alternative Valves
5.3 Market Opportunities
  5.3.1 Rising Investments in Drinking Water Infrastructure
5.4 Future Trends
  5.4.1 Increasing Automation in End-Use Industries
5.5 Impact Analysis of Drivers and Restraints

6. ASIA PACIFIC BALL VALVE MARKET REVENUE AND FORECAST TO 2028 – TYPE

6.1 Overview
6.2 Asia Pacific Ball Valve Market, By Type (2022 & 2028)
6.3 Rising Stem
  6.3.1 Overview
  6.3.2 Rising Stem: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
6.4 Floating
  6.4.1 Overview
  6.4.2 Floating: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
6.5 Trunnion Mounted
  6.5.1 Overview
  6.5.2 Trunnion Mounted: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

7. ASIA PACIFIC BALL VALVE MARKET REVENUE AND FORECAST TO 2028 – MATERIAL

7.1 Overview
7.2 Asia Pacific Ball Valve Market, By Material (2022 & 2028)
7.3 Stainless Steel
  7.3.1 Overview
  7.3.2 Stainless Steel: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.4 Cast Iron
  7.4.1 Overview
  7.4.2 Cast Iron: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.5 Cryogenic
  7.5.1 Overview
  7.5.2 Cryogenic: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.6 Alloy
  7.6.1 Overview
  7.6.2 Alloy: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
  7.7.1 Overview
  7.7.2 Others: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

8. ASIA PACIFIC BALL VALVE MARKET REVENUE AND FORECAST TO 2028 – END-USE INDUSTRY

8.1 Overview
8.2 Asia Pacific Ball Valve Market, By End-Use Industry (2022 & 2028)
8.3 Water Management
  8.3.1 Overview
  8.3.2 Water Management: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.4 Oil & Gas
  8.4.1 Overview
  8.4.2 Oil & Gas: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.5 Chemicals
  8.5.1 Overview
  8.5.2 Chemicals: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.6 Pharmaceuticals
  8.6.1 Overview
  8.6.2 Pharmaceuticals: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.7 Energy & Power
  8.7.1 Overview
  8.7.2 Energy & Power: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.8 Others
  8.8.1 Overview
  8.8.2 Others: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

9. ASIA PACIFIC BALL VALVE MARKET –COUNTRY ANALYSIS

9.1 Overview
  9.1.1 Asia Pacific Ball Valve Market, by Key Country
    9.1.1.1 Australia: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.1.1 Australia: Asia Pacific Ball Valve Market, By Type
      9.1.1.1.2 Australia: Asia Pacific Ball Valve Market, by Material
      9.1.1.1.3 Australia: Asia Pacific Ball Valve Market, by End-Use Industry
    9.1.1.2 China: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.2.1 China: Asia Pacific Ball Valve Market, By Type
      9.1.1.2.2 China: Asia Pacific Ball Valve Market, by Material
      9.1.1.2.3 China: Asia Pacific Ball Valve Market, by End-Use Industry
    9.1.1.3 India: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.3.1 India: Asia Pacific Ball Valve Market, By Type
      9.1.1.3.2 India: Asia Pacific Ball Valve Market, by Material
      9.1.1.3.3 India: Asia Pacific Ball Valve Market, by End-Use Industry
    9.1.1.4 Japan: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.4.1 Japan: Asia Pacific Ball Valve Market, By Type
      9.1.1.4.2 Japan: Asia Pacific Ball Valve Market, by Material
      9.1.1.4.3 Japan: Asia Pacific Ball Valve Market, by End-Use Industry
    9.1.1.5 South Korea: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.5.1 South Korea: Asia Pacific Ball Valve Market, By Type
      9.1.1.5.2 South Korea: Asia Pacific Ball Valve Market, by Material
      9.1.1.5.3 South Korea: Asia Pacific Ball Valve Market, by End-Use Industry
    9.1.1.6 Rest of Asia Pacific: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
      9.1.1.6.1 Rest of APAC: Asia Pacific Ball Valve Market, By Type
      9.1.1.6.2 Rest of APAC: Asia Pacific Ball Valve Market, by Material
      9.1.1.6.3 Rest of APAC: Asia Pacific Ball Valve Market, by End-Use Industry

10. INDUSTRY LANDSCAPE

10.1 Overview
10.2 Market Initiative
10.3 New Product Development

11. COMPANY PROFILES

11.1 Velan Inc
  11.1.1 Key Facts
  11.1.2 Business Description
  11.1.3 Products and Services
  11.1.4 Financial Overview
  11.1.5 SWOT Analysis
  11.1.6 Key Developments
11.2 Neway Valve Suzhou Co Ltd
  11.2.1 Key Facts
  11.2.2 Business Description
  11.2.3 Products and Services
  11.2.4 Financial Overview
  11.2.5 SWOT Analysis
  11.2.6 Key Developments
11.3 KITZ Corp
  11.3.1 Key Facts
  11.3.2 Business Description
  11.3.3 Products and Services
  11.3.4 Financial Overview
  11.3.5 SWOT Analysis
  11.3.6 Key Developments
11.4 Flowserve Corp
  11.4.1 Key Facts
  11.4.2 Business Description
  11.4.3 Products and Services
  11.4.4 Financial Overview
  11.4.5 SWOT Analysis
  11.4.6 Key Developments
11.5 Crane Co
  11.5.1 Key Facts
  11.5.2 Business Description
  11.5.3 Products and Services
  11.5.4 Financial Overview
  11.5.5 SWOT Analysis
  11.5.6 Key Developments
11.6 Emerson Electric Co
  11.6.1 Key Facts
  11.6.2 Business Description
  11.6.3 Products and Services
  11.6.4 Financial Overview
  11.6.5 SWOT Analysis
  11.6.6 Key Developments
11.7 Schlumberger NV
  11.7.1 Key Facts
  11.7.2 Business Description
  11.7.3 Products and Services
  11.7.4 Financial Overview
  11.7.5 SWOT Analysis
  11.7.6 Key Developments
11.8 Valvitalia SpA
  11.8.1 Key Facts
  11.8.2 Business Description
  11.8.3 Products and Services
  11.8.4 Financial Overview
  11.8.5 SWOT Analysis
  11.8.6 Key Developments

12. APPENDIX

12.1 About the Insight Partners
12.2 Word Index

List Of Tables

LIST OF TABLES

Table 1. Australia: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of APAC: Asia Pacific Ball Valve Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Asia Pacific Ball Valve Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Asia Pacific Ball Valve Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation

List Of Figures

LIST OF FIGURES

Figure 1. Asia Pacific Ball Valve Market Segmentation
Figure 2. Asia Pacific Ball Valve Market Segmentation – By Country
Figure 3. Asia Pacific Ball Valve Market Overview
Figure 4. Asia Pacific Ball Valve Market, by Type
Figure 5. Asia Pacific Ball Valve Market, by Country
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Asia Pacific Ball Valve Market – Ecosystem Analysis
Figure 8. Asia Pacific Ball Valve Market: Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Ball Valve Market, By Type (2022 & 2028)
Figure 10. Rising Stem: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Floating: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Trunnion Mounted: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific Ball Valve Market, By Material (2022 & 2028)
Figure 14. Stainless Steel: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cast Iron: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Cryogenic: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Alloy: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Asia Pacific Ball Valve Market, By End-Use Industry (2022 & 2028)
Figure 20. Water Management: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Oil & Gas: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Chemicals: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Pharmaceuticals: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Energy & Power: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Asia Pacific Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia Pacific Ball Valve Market, by key country – Revenue (2022) (US$ Million)
Figure 27. Asia Pacific Ball Valve Market Revenue Share, by Key Country (2022 & 2028)
Figure 28. Australia: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. China: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Asia Pacific: Asia Pacific Ball Valve Market – Revenue and Forecast to 2028 (US$ Million)