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Residential Ball Valves Market Snapshot (2022 to 2032)

According to Future Market Insights (FMI), between 2022 and 2032, the North America market for Residential Ball Valves will grow at a CAGR of 5.6%, reaching a valuation of US$ 554.1 Million in 2032.

USA and Canada are highly urbanized and more than 80% of the population of both countries live in urban areas, with expanding city and town areas the demand for residential complexes is growing. In 2022, it is anticipated that the USA construction industry would expand by 3.5 to 4.0%. Overall, the prediction anticipates that the residential construction industry will expand during the upcoming quarters, despite obstacles including supply chain snarls, rising building material costs, and other things that delay projects and drive up prices. The growing residential sector and demand from the existing apartments, townhouses, and villas will boost the residential ball valve market in North America.

Attribute Details
North America Residential Ball Valves Size (2021A) US$ 306.0 Million
North America Residential Ball Valves Size (2022E) US$ 321.2 Million
Projected Residential Ball Valves Market Value (2032F) US$ 554.1 Million
Value CAGR (2022 to 2032) 5.6 %

The USA Congress projects that net immigration will be the main factor in the country's population growth from 335 million in 2022 to 369 million in 2052. The growing population calls for more residential infrastructure like apartments and condominiums, which in turn increases the demand for ball valves for residential applications.

Residential Ball Valves account for 18-22% of the global residential ball valves market on a value basis.

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Demand Analysis of Residential Ball Valves from 2017 to 2021 Vs Market Forecast for 2022 to 2032

According to historical data from 2017 to 2021, the market for Residential Ball Valves increased by volume at a CAGR of 1.7%. The estimated global market demand for these valves in 2022 is US$ 262.6 Million.

The increasing use of corrosion-resistant ball valves has resulted in a surge in sales of stainless steel ball valves. In addition to that, these valves further benefitted from the rise in no-lead brass prices after the no-lead laws started to get implemented in parts of North America.

Ball valves are preferred for applications that call for long-lasting, dependable on/off control due to their compact size, quick cycle times, and extended service lives. Since ball valves require so little movement and don't have a multi-turn rotating stem-like globe valve, they typically survive far longer and are less likely to corrode or sustain damage. Therefore, ball valves are rapidly replacing globe valves in residential applications.

North America Residential Ball Valves Market

How is Remolding Activities driving the North America Residential Ball Valves Market?

In recent years, the housing market in the USA has experienced tremendous growth, primarily as a result of more time spent at home. The need for better and more useful amenities among interior designers, homeowners, and builders will result in the market for home remodeling materials expanding across the USA and Canada. The demand is still mostly driven by remolding, and rising remolding activity is expected to have a positive impact on the market in North America.

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What are the key Opportunities for the North America Residential Ball Valves Manufacturers?

Consumer attitudes regarding health and indoor lifestyles are changing, which has contributed to the increased popularity of gardening. Additionally, because of an increase in free time brought on by North American work-from-home culture, the COVID pandemic has spurred the home gardening culture. Due to their airtight sealing, simplicity of use, manual operation, and reliability, ball valves are anticipated to emerge as a popular option for many common household applications, including gardening, showers, and washing machines.

Also, aging residential infrastructure in the region is expected to require a ball valve as a replacement, which is set to provide additional lift to the market in the forecast period.

The image above showcases a plethora of factors that are associated with the North American residential ball valve market, which are likely to exhibit different thresholds of impact on each segment of the market.

Country-wise Insights

What is the Outlook for Residential Ball Valves Market Manufacturers in the USA?

The USA is expected to hold more than 80% of the North American market by 2032 and is estimated to grow with a CAGR of 5.4% through the forecast period.

According to the USA Department of Commerce, the number of housing units in the USA has been growing year after year. In 2020, there were approximately 141 million housing units and in 2021 it was 142 million units which was an increase of one million in the USA Also new building construction spending stood at US$ 784 Billion in 2021 and is expected to grow by more than US$ 100 Billion by 2022 end.

Residential construction remains the primary growth driver for the market and strong investment in the residential sector will optimistically impact the ball valves market in the country.

Where Does Canada Stand in the market for Residential Ball Valves?

Canada is expected to gain 160 bps points between 2022 and 2032 and is set to create an absolute dollar opportunity worth more than US$ 51.1 Million during the same period.

The country is one of the fastest growing countries in terms of residential sector infrastructure within the North American region, part of which is due to the high rate of immigration population. Highest rates per population among any country in the world, Canada welcomes more than 3 lakh new immigrants each year. More than eight million immigrants had obtained permanent residence as of 2021, making up about 21.5 percent of the country's total population.

The residential construction spending in Canada is set to cross the US$ 160 Billion market by 2023. The growing population and expanding residential sector are estimated to create significant opportunities for the market in the forecast period.

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Category-wise Insights

Which End-Use Will Remain Dominant Over the Forecast Period?

By End-Use, Apartments, and condominiums are expected to remain dominant over the forecast period. The segment is expected to account for more than 60% of the market by the end of the forecast period.

Both the USA and Canada are highly urbanized, with 83% and 82% of the population living in urbanized regions, respectively. This has resulted in space problems in urban areas, due to which apartments and condominiums are constructed on a large scale, and they come with the advantage that they are both economical and use space effectively. They use ball valves for various applications like plumbing, mains shutoff, and other applications.

Which Type of Residential Ball Valve Material to Surge the Market Demand?

By Material Type, Brass type Ball Valves are the most popular ball valves among all types. These valves accounted for more than 70% of market revenue in 2022.

One of the biggest benefits that Brass Ball Valves is that they are easy to use and install. The materials used to seal brass valves are also widely accessible due to the material's popularity. When sealing other types of metals, you often require a specific pipe tape and or thread sealant, whereas brass valve accessories are much more easily found.

Competitive Landscape

Manufacturers in the market are continuously under pressure to develop cost-effective ball valve liquids with high durability. In this moderately concentrated market, a few companies-including ASC Engineered Solutions., Danfoss A/S, Apollo Valves, Parker Hannifin, Zurn Industries LLC, and Legend Valves account for a prominent share of the market share in the market.

Manufacturing businesses strategize to increase their presence in the market through the introduction of new products and increased collaboration.

  • In April 2022, Flomatic Valves announced the launch of the Model 408S6 ball check valve in a full 316 stainless steel design.
  • In September 2020, Flomatic announced the expansion of its American Iron and Steel (AIS) compliant ball check valve family.

Residential Ball Valves Market Report Scope

Attribute Details
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis USD Million for Value, Tons for Volume
Key Countries Covered USA & Canada
Key Market Segments Covered By Valve Material, By Valve Type, By Diameter, By End-Use, and By Countries
Key Companies Profiled
Report Coverage Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Segments Covered in Residential Ball Valves Industry Analysis

Residential Ball Valves Market By Valve Material:

  • Brass
  • Stainless Steel
  • PVC
  • Glass Fiber-Reinforced Polypropylene Ball Valve
  • Others

Residential Ball Valves Market By Valve Type:

  • Floating
  • Trunnion Ball
  • Others

Residential Ball Valves Market by Diameter:

  • 3/8"
  • 1/2"
  • 3/4"
  • 1"
  • 1 ¼”
  • upto to 2"

Frequently Asked Questions

How much is the Residential Ball Valves market worth globally?

The North America Residential Ball Valves are currently valued at US$ 321.2 Million (2022).

What is the Residential Ball Valves market's projected growth rate from 2022 to 2032?

Residential Ball Valves sales are projected to soar between 2022 and 2032 at a value CAGR of about 5.6%.

Who are the top five manufacturers of Residential Ball Valves worldwide?

Tier-1 companies include Danfoss A/S, Apollo Valves, Parker Hannifin, Zurn Industries LLC, and Legend Valves account for a prominent share of the market share for Residential Ball Valves

Which Valve Material dominates the market for Residential Ball Valves globally?

The Brass Valve segment has the largest share among the types of Valves in the worldwide Residential Ball Valves market, accounting for nearly 70.6% of the market by volume in 2022.

Which End-Use is the prominent contributor in the Residential Ball Valves market globally?

Apartments and Condominiums are estimated to account for about 63.4% of the total market share in 2022.

Table of Content

1. Executive Summary | North America Residential Ball Valves Market

    1.1. North America Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Material Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (000' Units) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (000' Units) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Valve Type

    6.2. North America Average Pricing Analysis Benchmark

7. Market Demand (in Value or Diameter in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. North America Real GDP Growth Outlook

        8.1.2. New building construction spending in the USA 2017 to 2021, 2022F to 2024F

        8.1.3. Number of housing units in the United States

        8.1.4. USA Public Construction Sector Growth Outlook

        8.1.5. Value of Construction in the USA

        8.1.6. North America Urbanization Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Construction Industry Forecast

        8.2.2. Intensity of Competition

        8.2.3. Investment in Research and Development

        8.2.4. Increasing Urban and Rural Population

        8.2.5. Raw Material Price And Availability Impact

        8.2.6. Stringent Government Regulations

        8.2.7. Manufacturing Activity Outlook

        8.2.8. Home Remoulding Activities Outlook

        8.2.9. Other Forecast Factors.

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Market Participants

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Valve Material

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Valve Material, 2017 to 2021

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Valve Material, 2022 to 2032

        9.3.1. Brass

        9.3.2. Stainless Steel

        9.3.3. PVC

        9.3.4. Glass Fiber-Reinforced Polypropylene Ball Valve

        9.3.5. Others

    9.4. Market Attractiveness Analysis By Valve Material

10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Valve Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Valve Type, 2017 to 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Valve Type, 2022 to 2032

        10.3.1. Floating Ball Valves

        10.3.2. Trunnion Ball Valves

        10.3.3. Others

    10.4. Market Attractiveness Analysis By Valve Type

11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Diameter

    11.1. Introduction / Key Findings

    11.2. Historical Market Size Diameter (US$ Million) and Volume Analysis By Diameter, 2017 to 2021

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Diameter, 2022 to 2032

        11.3.1. 3/8 “

        11.3.2. 1/2“

        11.3.3. 3/4“

        11.3.4. 1”

        11.3.5. 1 ¼”

        11.3.6. Up to 2“

    11.4. Market Attractiveness Analysis By Diameter

12. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use, 2017 to 2021

    12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use, 2022 to 2032

        12.3.1. Apartments and Condominiums

        12.3.2. Townhouses

        12.3.3. Villas

    12.4. Market Attractiveness Analysis By End-Use

13. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Million) and Volume Analysis by Region, 2017 to 2021

    13.3. Current Market Size (US$ Million) and Volume Analysis and Forecast by Region, 2022 to 2032

        13.3.1. USA

        13.3.2. Canada

    13.4. Market Attractiveness Analysis by Region

14. USA Ball Valves Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis by Market Taxonomy, 2017 to 2021

    14.4. Market Size (US$ Million) and Volume Forecast by Market Taxonomy, 2022 to 2032

        14.4.1. By Region

            14.4.1.1. North East USA

            14.4.1.2. South USA

            14.4.1.3. Midwest USA

            14.4.1.4. West USA

        14.4.2. By Valve Material

        14.4.3. By Valve Type

        14.4.4. By Diameter

        14.4.5. By End-Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Valve Material

        14.5.3. By Valve Type

        14.5.4. By Diameter

        14.5.5. By End-Use

15. Canada Ball Valves Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis by Market Taxonomy, 2017 to 2021

    15.4. Market Size (US$ Million) and Volume Forecast by Market Taxonomy, 2022 to 2032

        15.4.1. By Valve Material

        15.4.2. By Valve Type

        15.4.3. By Diameter

        15.4.4. By End-Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Valve Material

        15.5.2. By Valve Type

        15.5.3. By Diameter

        15.5.4. By End-Use

16. Market Structure Analysis

    16.1. Market Analysis by Tier of Companies (Ball Valves)

    16.2. Market Share Analysis of Top Players

    16.3. Market Presence Analysis

17. Competition Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Competition Deep Dive

        17.3.1. Danfoss A/S

            17.3.1.1. Overview

            17.3.1.2. Product Portfolio

            17.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.1.4. Sales Footprint

            17.3.1.5. Strategy Overview

        17.3.2. ASC Engineered Solutions

            17.3.2.1. Overview

            17.3.2.2. Product Portfolio

            17.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.2.4. Sales Footprint

            17.3.2.5. Strategy Overview

        17.3.3. Reliance Worldwide Corporation

            17.3.3.1. Overview

            17.3.3.2. Product Portfolio

            17.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.3.4. Sales Footprint

            17.3.3.5. Strategy Overview

        17.3.4. Flomatic Valves

            17.3.4.1. Overview

            17.3.4.2. Product Portfolio

            17.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.4.4. Sales Footprint

            17.3.4.5. Strategy Overview

        17.3.5. Parker Hannifin

            17.3.5.1. Overview

            17.3.5.2. Product Portfolio

            17.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.5.4. Sales Footprint

            17.3.5.5. Strategy Overview

        17.3.6. Legend Valves

            17.3.6.1. Overview

            17.3.6.2. Product Portfolio

            17.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.6.4. Sales Footprint

            17.3.6.5. Strategy Overview

        17.3.7. Zurn Industries, LLC

            17.3.7.1. Overview

            17.3.7.2. Product Portfolio

            17.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.7.4. Sales Footprint

            17.3.7.5. Strategy Overview

        17.3.8. Apollo Valves

            17.3.8.1. Overview

            17.3.8.2. Product Portfolio

            17.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.8.4. Sales Footprint

            17.3.8.5. Strategy Overview

        17.3.9. Watts Water Technologies Company

            17.3.9.1. Overview

            17.3.9.2. Product Portfolio

            17.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            17.3.9.4. Sales Footprint

            17.3.9.5. Strategy Overview

18. Assumptions and Acronyms Used

19. Research Methodology

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List of Tables

Table 01: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Materials

Table 02: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type

Table 03: Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter

Table 04: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use

Table 05: Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 06: U.S. Ball Valves Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Region

Table 07: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type

Table 08: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type

Table 09: Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter

Table 10: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use

Table 11: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type

Table 12: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type

Table 13: Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter

Table 14: Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 01: Market Historical Demand, 2017 to 2021

Figure 02: Market Demand Forecast, 2022 to 2032

Figure 03: Market Historical Value (US$ Million), 2017 to 2021

Figure 04: Market Value (US$ Million) Forecast, 2022 to 2032

Figure 05: Market Absolute $ Opportunity, 2022 to 2032

Figure 06: Market Share and BPS Analysis by Valve Materials– 2022 & 2032

Figure 07: Market Y-o-Y Growth Projections by Valve Materials, 2021 to 2032

Figure 08: Market Attractiveness by Valve Materials, 2022 to 2032

Figure 09: Market Share and BPS Analysis by Valve Type – 2022 & 2032

Figure 10: Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032

Figure 11: Market Attractiveness by Valve Type, 2022 to 2032

Figure 12: Market Share and BPS Analysis by Diameter – 2022 & 2032

Figure 13: Market Y-o-Y Growth Projections by Diameter, 2021 to 2032

Figure 14: Market Attractiveness by Diameter, 2022 to 2032

Figure 15: Market Share and BPS Analysis by End Use– 2022 & 2032

Figure 16: Market Y-o-Y Growth Projections by End Use, 2021 to 2032

Figure 17: Market Attractiveness by End Use, 2022 to 2032

Figure 18: Market Share and BPS Analysis By Country– 2022 & 2032

Figure 19: Market Y-o-Y Growth Projections By Country, 2021 to 2032

Figure 20: Market Attractiveness By Country, 2022 to 2032

Figure 21: U.S. Ball Valves Market Share and BPS Analysis by Region – 2022 & 2032

Figure 22: U.S. Ball Valves Market Y-o-Y Growth Projections by Region, 2021 to 2032

Figure 23: U.S. Ball Valves Market Attractiveness by Region, 2022 to 2032

Figure 24: Market Share and BPS Analysis by Valve Type– 2022 & 2032

Figure 25: Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032

Figure 26: Market Attractiveness by Valve Type, 2022 to 2032

Figure 27: Market Share and BPS Analysis by Valve Type -2022 & 2032

Figure 28: Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032

Figure 29: Market Attractiveness by Valve Type, 2022 to 2032

Figure 30: Market Share and BPS Analysis by Diameter - 2022 & 2032

Figure 31: Market Y-o-Y Growth Projections by Diameter, 2021 to 2032

Figure 32: Market Attractiveness by Diameter, 2022 to 2032

Figure 33: Market Share and BPS Analysis by End Use- 2022 & 2032

Figure 34: Market Y-o-Y Growth Projections by End Use, 2021 to 2032

Figure 35: Market Attractiveness by End Use, 2022 to 2032

Figure 36: Market Share and BPS Analysis by Valve Type- 2022 & 2032

Figure 37: Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032

Figure 38: Market Attractiveness by Valve Type, 2022 to 2032

Figure 39: Market Share and BPS Analysis by Valve Type – 2022 & 2032

Figure 40: Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032

Figure 41: Market Attractiveness by Valve Type, 2022 to 2032

Figure 42: Market Share and BPS Analysis by Diameter - 2022 & 2032

Figure 43: Market Y-o-Y Growth Projections by Diameter, 2021 to 2032

Figure 44: Market Attractiveness by Diameter, 2022 to 2032

Figure 45: Market Share and BPS Analysis by End Use- 2022 & 2032

Figure 46: Market Y-o-Y Growth Projections by End Use, 2021 to 2032

Figure 47: Market Attractiveness by End Use, 2022 to 2032

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