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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.
  • North America remains the largest market, while Asia-Pacific is emerging as the fastest-growing region for these valves.
  • The oil and gas segment continues to dominate the market, whereas the water and wastewater segment is experiencing rapid growth.
  • Rising demand in the oil and gas sector and growth in water and wastewater management are key drivers propelling market expansion.

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), Crane Co. (US), Pentair (US), Metso (FI), AVK Holding (DK)

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 industrial valve technology, such as enhanced sealing mechanisms and improved materials, suggest a shift towards more reliable and durable products. This trend may lead to a heightened focus on sustainability, as industries seek to minimize environmental impact while maximizing operational efficiency. In addition, The Trunnion Floating Ball Valves. As countries invest in upgrading their pipelines and processing facilities, the need for high-performance valves becomes increasingly critical. Moreover, the growing emphasis on automation and smart technologies in industrial applications indicates a potential shift towards integrated valve solutions that offer real-time monitoring and control capabilities. Overall, the market landscape appears poised for growth, with various factors converging to shape its future dynamics.

Technological Advancements

The Trunnion Floating Ball Valves Market is witnessing a surge in technological innovations, particularly in materials and design. Enhanced sealing technologies and corrosion-resistant materials are becoming more prevalent, which may improve the longevity and reliability of valves in demanding environments. This trend indicates a shift towards more sophisticated solutions that cater to the specific needs of various industries.

Sustainability Initiatives

There is a growing emphasis on sustainability within the Trunnion Floating Ball Valves Market, as industries increasingly prioritize eco-friendly practices. Companies are exploring ways to reduce emissions and energy consumption, which could lead to the development of more efficient valve systems. This trend reflects a broader commitment to environmental responsibility and may influence purchasing decisions.

Infrastructure Development

The ongoing The Trunnion Floating Ball Valves. As nations invest in upgrading their utility systems and industrial filtration, the demand for high-quality valves is expected to rise. This trend suggests a robust market opportunity, particularly in regions experiencing rapid industrial growth.

Trunnion and Floating Ball Valves Market Drivers

Market Growth Projections

The Trunnion and Floating Ball Valves 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 Trunnion and Floating Ball Valves Market 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 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 Trunnion and Floating Ball Valves 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 Trunnion and Floating Ball Valves 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 Trunnion and Floating Ball Valves 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)

The Trunnion Floating Ball Valves Market exhibits a diverse range of applications, with the oil and gas sector commanding a significant share due to its extensive operational requirements in exploration and production processes. Following closely, water and wastewater treatment equipment is rapidly gaining traction, driven by increasing demand for efficient flow control solutions. Power generation, chemical processing, and mining also represent vital sectors, but their combined influence is considerably less pronounced than that of oil and gas.

Oil and Gas: Dominant vs. Water and Wastewater: Emerging

The oil and gas sector remains the dominant application for Trunnion Floating Ball Valves, primarily attributed to its rigorous need for reliable flow regulation and durability in high-pressure environments. These valves are essential for ensuring safe and efficient operations in upstream and downstream processes. Conversely, the water and wastewater segment is emerging as one of the fastest-growing applications. This growth is propelled by increasing infrastructural investments and the urgent need for sustainable water management practices. The demand for advanced control solutions to enhance process efficiency and reduce leakage in municipal and industrial setups significantly contributes to the attractiveness of this segment.

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

The Trunnion Floating Ball Valves Market displays a diverse segmentation across end uses. The industrial segment commands the largest share due to high demand from sectors such as oil and gas, water treatment, and power generation. Commercial and residential markets also contribute significantly but at a lesser scale, focusing on HVAC and plumbing applications. Agricultural use is emerging, leveraging advancements in water management techniques and irrigation systems, thus attracting more interest.

Industrial (Dominant) vs. Agricultural (Emerging)

The industrial segment holds a dominant position within the Trunnion Floating Ball Valves Market, primarily driven by the significant demand from critical infrastructure sectors. These valves offer enhanced flow control and durability, making them suitable for heavy-duty applications. In contrast, the agricultural segment is emerging, fueled by the increasing emphasis on efficient irrigation and crop management technologies. Trunnion valves in agriculture are tailored for pressure regulation and flow accuracy, promoting water conservation and improved yield rates. This rising trend showcases the adaptability of these valves to meet the specific needs of modern agricultural practices, suggesting a promising growth trajectory.

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

In the Trunnion Floating Ball Valves Market, material type plays a critical role in determining the performance and reliability of valves. Among the primary materials, Stainless Steel holds the largest market share, favored for its durability and resistance to corrosion, making it ideal for various fluid applications. Carbon Steel follows closely, benefiting from its cost-effectiveness and strength, which adds to its growing adoption in standard industrial applications, particularly in environments with less corrosive media.

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

Stainless Steel valves dominate the Trunnion Floating Ball Valves Market due to their exceptional resistance to corrosion, high-temperature tolerance, and durability, making them suitable for critical applications in oil and gas, chemical processing, and water treatment. They are preferred for their longevity and lower maintenance costs. Conversely, Alloy Steel valves represent an emerging segment, gaining traction due to advancements in materials technology that enhance their strength and resistance to harsh conditions. These valves are increasingly utilized in high-pressure systems, where their enhanced performance characteristics offer competitive advantages in specific applications.

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

In the Trunnion Floating Ball Valves Market, the size segment is categorized into small, medium, and large, each commanding a unique share of the market. The large size segment holds the largest market share, favored in applications requiring higher flow rates and pressures. Conversely, the medium size segment has been gaining traction due to its versatility and suitability for a broad range of applications, appealing to manufacturers seeking a balance between size and performance.

Medium (Emerging) vs. Small (Dominant)

The medium size trunnion floating ball valves are emerging in the market, primarily due to their adaptability in various industries, such as oil and gas, water treatment, and chemical processing. These valves offer a balance of size and functionality, making them suitable for projects with space constraints, where large valves may not fit. On the other hand, small size trunnion floating ball valves dominate the segment due to their widespread use in residential and light commercial applications. Their compact design allows for easier installation and maintenance, catering to the needs of smaller systems while providing reliable operation.

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

The pressure rating segment in the Trunnion Floating Ball Valves Market exhibits a diverse distribution, with high pressure valves taking the lead as the dominant segment. This category is crucial for applications demanding robust performance under extreme conditions. In contrast, the medium pressure segment has shown a significant rise in preference among manufacturers due to its adaptability across various industrial applications. Low pressure valves, while present, occupy a smaller share of this competitive market landscape.

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

High pressure trunnion floating ball valves are characterized by their ability to operate efficiently in demanding environments where safety and reliability are paramount. These valves are extensively used in oil and gas, chemical processing, and power generation industries. Meanwhile, medium pressure valves are gaining traction, particularly in sectors that require versatile solutions that offer a balance between cost and performance. The increasing demand for energy-efficient systems and stringent safety regulations are positioning medium pressure valves as an emerging choice, appealing to environmentally-conscious manufacturers and end-users.

Get more detailed insights about Trunnion and Floating Ball Valves Market

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 4860.0. The region's growth is driven by increasing investments in infrastructure, energy, and water management sectors. Regulatory support for modernization and sustainability initiatives further fuels demand, making it a key player in the global market. The competitive landscape in North America is robust, featuring major players like Emerson, Flowserve, and Cameron. These companies are leveraging advanced technologies and strategic partnerships to enhance their market presence. The U.S. remains the leading country, supported by a strong manufacturing base and innovation in valve technologies, ensuring a steady supply chain and customer demand.

Europe : Emerging Market Dynamics

Europe's Trunnion Floating Ball Valves market is projected to grow, with a market size of 2900.0. The region benefits from stringent regulations aimed at improving safety and efficiency in industrial processes. The push for sustainable practices and energy efficiency is driving demand for advanced valve solutions, positioning Europe as a significant player in the global market. Leading countries such as Germany, France, and the UK are at the forefront of this growth, with key players like Valmet and Kitz Corporation actively participating. The competitive landscape is characterized by innovation and collaboration among manufacturers, ensuring that Europe remains a vital hub for valve technology development. "The European market is increasingly focused on sustainability and efficiency in industrial applications," European Commission report, European Commission.

Asia-Pacific : Rapidly Growing Market

The Asia-Pacific region is witnessing significant growth in the Trunnion Floating Ball Valves market, with a market size of 1500.0. Factors such as rapid industrialization, urbanization, and increasing energy demands are driving this expansion. Governments are implementing favorable policies to enhance infrastructure, which is further propelling the demand for advanced valve solutions in various sectors. Countries like China, Japan, and India are leading the charge, with a competitive landscape that includes key players such as Kitz Corporation and Pentair. The region's market is characterized by a mix of local and international manufacturers, fostering innovation and competitive pricing strategies to meet the growing demand for efficient valve technologies.

Middle East and Africa : Emerging Market Opportunities

The Middle East and Africa region is gradually emerging in the Trunnion Floating Ball Valves market, with a market size of 478.13. The growth is driven by increasing investments in oil and gas, water management, and infrastructure projects. Regulatory frameworks are evolving to support industrial growth, creating opportunities for valve manufacturers to expand their presence in this region. Countries like the UAE and South Africa are leading the market, with a competitive landscape that includes both local and international players. Companies are focusing on adapting their products to meet regional needs, ensuring that they remain competitive in a market characterized by diverse requirements and challenges.

Trunnion and Floating Ball Valves Market Regional Image

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) is expanding its market reach through strategic partnerships and regional expansions, collectively shaping a competitive environment that is increasingly reliant on technological differentiation and customer-centric solutions.
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 niche players to thrive, while larger corporations consolidate their market positions through strategic acquisitions and partnerships, thereby enhancing their competitive edge.
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 likely to enhance operational efficiency for end-users by providing real-time data analytics and predictive maintenance capabilities, thereby reinforcing Emerson's commitment to innovation in fluid control technologies.
In October 2025, Flowserve (US) completed the acquisition of a regional valve manufacturer, which is expected to bolster its production capabilities and expand its footprint in emerging markets. This acquisition not only enhances Flowserve's product offerings but also positions the company to better serve its global customer base, indicating a strategic focus on growth through consolidation.
In September 2025, Kitz Corporation (JP) entered into a partnership with a leading energy company to develop customized valve solutions for renewable energy applications. This collaboration underscores Kitz's commitment to sustainability and innovation, aligning with the growing trend towards environmentally friendly technologies in the energy sector. Such strategic alliances are likely to enhance Kitz's competitive positioning in a market increasingly focused on sustainable practices.
As of December 2025, current competitive trends indicate a pronounced shift towards digitalization, sustainability, and the integration of AI technologies within the Trunnion Floating Ball Valves Market. Strategic alliances are becoming increasingly pivotal, as companies seek to combine resources and expertise to drive innovation. The competitive differentiation is evolving from traditional price-based competition to a focus on technological advancements, supply chain reliability, and sustainable practices. This shift suggests that companies that prioritize innovation and adaptability will likely emerge as leaders in the market.

Key Companies in the Trunnion and Floating Ball Valves 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

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

  • Stainless Steel
  • Carbon Steel
  • Alloy Steel
  • Plastic

Trunnion Floating Ball Valves Market Pressure Rating Outlook

  • Low Pressure
  • Medium Pressure
  • High Pressure

Report Scope

MARKET SIZE 2024 9738.13(USD Million)
MARKET SIZE 2025 10244.71(USD Million)
MARKET SIZE 2035 17011.42(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.2% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Emerson (US), Flowserve (US), Kitz Corporation (JP), Valmet (FI), Cameron (US), Crane Co. (US), Pentair (US), Metso (FI), AVK Holding (DK)
Segments Covered Application, End Use, Material Type, Size, Pressure Rating
Key Market Opportunities Integration of advanced materials enhances durability and performance in the Trunnion Floating Ball Valves Market.
Key Market Dynamics Rising demand for efficient flow control solutions drives innovation and competition in the Trunnion Floating Ball Valves market.
Countries Covered North 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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