At 4.1% CAGR, the Europe ball valve market is projected to be worth 4,696.20 US$ million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe ball valve market was valued at US$ 3,843.90 million in 2023 and is expected to reach US$ 4,696.20 million by 2028, registering a CAGR of 4.1% from 2023 to 2028. Rising demand for ball valves in oil & gas industry and growing mergers & acquisitions are expected to drive the market for Europe ball valves.

There are various alternatives in the market that can replace ball valves. A needle valve can help restrict the content flow by incremental amounts and reduce the flow pressure without causing the hammering of pipes. However, ball valves can cause hammering since the valve is fully open or closed. Similarly, through butterfly valves, flow can be reduced when the fluid flows around the disc, even when it is fully open, allowing for a precise measurement of flow volume. On the other side, the lever of ball valve moves only from open to close in a quarter turn, because of which there is no room for incremental volume adjustments. In addition, in the oil & gas industry, the lift plug valve can be used as an alternative to the ball valve for high-pressure and high-temperature applications. Further, the lift plug valve helps eliminate leakage caused by wear and has more life span than ball valves. Also, the rotary plug valve assists in reducing pressure better than the ball valves when shifting between open and closed. Moreover, the diverter valve helps handle most abrasive media. The valve also has different features, such as self-lapping and self-cleaning, making it the low-maintenance valve ideal for pumping to multiple silos. Thus, the growing number of alternatives to ball valves is restricting the growth of the Europe ball valve market.  

On the contrary, growing use of other valves as an alternative hamper the Europe ball valve market.  

Based on type, the Europe ball valve market is segmented into rising stem, floating, and trunnion mounted. The trunnion mounted segment held 43.1% share of Europe ball valve market in 2023, amassing US$ 1,657.19 million. It is projected to garner US$ 2,090.65 million by 2028 to expand at 4.8% CAGR during 2023–2028. 

Based on by technology, the Europe ball valve market is segmented into stainless steel, cast iron, cryogenic, and alloy. The alloy segment held 28.7% share of Europe ball valve market in 2023, amassing US$ 1,104.1 million. It is projected to garner US$ 1,408.0 million by 2028 to expand at 5.0% CAGR during 2023–2028.

Based on by industry, the Europe ball valve market is segmented into water management, oil & gas, chemicals, pharmaceuticals, energy & power, and others. The oil & gas segment held 22.1% share of Europe ball valve market in 2023, amassing US$ 914.33 million. It is projected to garner US$ 1,157.35 million by 2028 to expand at 4.8% CAGR during 2023–2028.

Based on country, the Europe ball valve market has been categorized into the Germany, France, Italy, UK, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 20.3% share of Europe ball valve market in 2023. It was assessed at US$ 781.68 million in 2023 and is likely to hit US$ 1,053.36 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.      

Key players dominating the Europe ball valve market are Crane Co; Emerson Electric Co; Flowserve Corp; KITZ Corp; Neway Valve Suzhou Co Ltd; Schlumberger NV; Valvitalia SpA; and Velan Inc, among others.   

• This valve is designed to ASME and API specifications. The AOP Series D2 ball valve can be used in many oilfield production applications. AOP Series D2 ball valve specifications: sizes: 2 to 12 in [50 to 300 mm], pressure classes: 150 to 600, provisions for secondary seat sealant or stem sealant injection, manufactured and tested following API Spec 6D, Fire tested to API Specs 607 and 6FA, NACE MR0175/ISO 15156, low emissions to API Spec 641.
• With the market demanding reputably manufactured ball valves for severe service applications at cost-competitive price points with lower lead times, Krombach's TUFSEAT Performance Series MSBV was designed to meet demanding expectations, covering a wide array of application conditions without the need to customize every valve all while remaining configurable.
• Crane celebrated the groundbreaking ceremony of its new Check Valves factory in Satara, India. The event was hosted by Crane Process Flow Technologies India Private Limited and ChemPharma & Energy, Duo-Chek, and Noz-Chek businesses of Crane Co and shared via live broadcast.

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