North America and Latin America Trunnion Valves Market Size By Pressure Class (150, 300, 600), By Size (Up to 1, 1”–6”, 6”–25”), By Application (Chemical Industry, Steel Industry, Oil And Gas Industry), Product Type (Alloy Steel, Carbon Steel, Stainless Steel), By Geographic Scope And Forecast

North America and Latin America Trunnion Valves Market Size And Forecast

North America & Latin America Trunnion Valves Market size stood at USD 726.95 Million in 2021 and is projected to reach USD 1,034.04 Million by 2030. The Market is projected to grow at a CAGR of 4.12%. 

The North America & Latin America Trunnion Valves Market is witnessing significant growth owing to various driving factors such as the growing demand from the chemical industry and the surge in demand from the power industry, among others. The North America & Latin America Trunnion Valves Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America and Latin America Trunnion Valves Executive Summary

So, trunnion valves are basically heavy-duty valves you'll find working hard in pipelines and industrial settings, controlling the flow of stuff like oil, gas, and water. What makes them special is the "trunnion" – think of it as a sturdy support pin that lets the valve's ball or disc spin nice and easy. When people talk about trunnion valves, they often mean high-performance valves that seal really, really well and can handle the heat and pressure. They're known for being tough, dependable, and not needing a lot of upkeep, which is why you see them everywhere from oil rigs to power plants to water treatment facilities. You can get them in all sorts of sizes, pressure ratings, and materials – carbon steel, stainless steel, even some fancy exotic alloys. And they come in different designs too, like floating ball, trunnion-mounted ball, and butterfly valves, depending on what you need them for. All in all, trunnion valves are a crucial part of many industrial systems, giving you reliable and efficient control over how things flow.

The North America and Latin America trunnion valves market has been growing steadily over the past few years, driven by increasing demand for reliable and efficient flow control solutions in various industries, such as oil and gas, petrochemicals, power generation, and water treatment. The market is expected to continue to grow at a healthy rate over the next few years, fueled by ongoing investments in infrastructure development, particularly in emerging economies.

Basically, the oil and gas industry's constant need for more fuel is a big reason why trunnion valves are so popular right now. As we explore and produce more oil and gas, we need these valves to manage fluid flow in pipelines and other gear. They're great because they seal super well, even when things get really hot and the pressure's on. Plus, more and more industries are going automated and digital. Since you can hook up trunnion valves to smart systems, you get real-time info on flow, pressure, and temperature, letting you fine-tune operations and avoid costly downtime.

Geographically, Latin America is expected to be the fastest-growing market for trunnion valves, driven by increasing investments in infrastructure development, particularly in countries such as Brazil and Argentina. U.S and Canada are also expected to witness steady growth in the trunnion valves market, driven by ongoing investments in the oil and gas, petrochemical, and power generation industries. Overall, the trunnion valves industry is highly competitive, with a large number of players operating in the market.

North America and Latin America Trunnion Valves Market Outlook

Trunnion-mounted ball valves have spring-loaded seats. Pressure presses the ball against the seats in a floating ball valve, resulting in a seal. Trunnion-mounted ball valves work well in both low- and high-pressure environments. This results in lesser working torque and, as a result, reduces the requirement for a big actuator. The spring-loaded seats will provide a seal in low or no-pressure circumstances, as well as in high-pressure applications.

Let's break down the North America & Latin America Trunnion Valves Market. When we look at product types, we see it's divided into categories like Carbon Steel, Stainless Steel, Alloy Steel, and "Others." Then, if we consider size, the market includes these segments25”–50”, 50” and above, 6”–25”, 1”–6”, and Up to 1. You'll find these valves used in the Oil & Gas Industry, the Chemical Industry, the Steel Industry, the Power Industry, and "Others" – these are the main application areas. Finally, pressure class divides the market into six types150, 300, 600, 900, 1500, and 2500. Currently, the 150 segment leads the way with about 32.01% of the market. But keep an eye on the 2500 segment, as it's predicted to grow the fastest, with an annual growth rate of around 5.96% in the coming years.

The North America & Latin America Trunnion Valves Market is really taking off! We're seeing a big boost from the chemical industry and a surge in demand from the power industry, which is exciting. But, let's be real, things like those unpredictable raw material prices and a few other challenges could slow us down a bit. The good news? There are some awesome new opportunities popping up in mining and waste management. Plus, with industrialization and urbanization on the rise, we're expecting even more growth for the North America & Latin America Trunnion Valves Market down the road!

North America holds the largest market share in 2021, accounting for 77.38% of the total market size. However, Latin America is projected to grow with the highest CAGR of 6.01% during the forecast period.

North America and Latin America Trunnion Valves MarketSegmentation Analysis

The North America and Latin America Trunnion Valve Market is segmented based on Pressure Class, Size, Application, Product Type, and Geography.

North America and Latin America Trunnion Valves Market, By Size

• Up to 1
• 1”–6”
• 6”–25”
• 25”–50”
• 50” and above

To Get a Summarized Market Report By Size-

The North America & Latin America Trunnion Valves Market is experiencing a scaled level of attractiveness in the 25”–50” segment. The 25”–50” segment holds the highest share of the market in 2021. It is anticipated to account for the highest market share of 34.76% by 2030. The segment is projected to gain an incremental market value of USD 78.12 Million and grow at a CAGR of 3.56% between 2023 and 2030.

A 25-50 size ball valve is an industrial valve with a pressure rating ranging from 150 psi to 1500 psi or higher with a nominal diameter (or size) of 25 inches to 50 inches. The valve has rotating disc-shaped control for the passage of gases or liquids. Large pipelines, petrochemical plants, power generation facilities, and other heavy-duty industrial applications that call for high flow rates and pressures frequently use ball valves in the 25-50 size.

Furthermore, the Up to 1 segment is also growing at the fastest pace. The segment is projected to gain an incremental market value of USD 16.33 Million and grow with a significant CAGR of 4.67% between 2023 and 2030.

North America and Latin America Trunnion Valves Market, By Product Type

• Alloy Steel
• Carbon Steel
• Stainless Steel
• Others

The North America & Latin America Trunnion Valves Market is experiencing a scaled level of attractiveness in the Carbon Steel segment. The Carbon Steel segment holds the highest share of the market. It is anticipated to account for the highest market share of 40.87% by 2030. The segment is projected to gain an incremental market value of USD 94.80 Million and grow at a CAGR of 3.70% between 2023 and 2030.

And guess what? The other segment is really taking off too! We're expecting it to add a whopping USD 42.60 Million to the market, growing at a pretty impressive CAGR of 5.31% from 2023 to 2030. This "others" category includes materials like Monel, Inconel, Brass, etc. Speaking of which, Monel valves are made from nickel alloys, with other elements added as alloys. Typically, nickel makes up 52 to 67% of the mix, and copper is another major ingredient. You'll also find a dash of iron, manganese, carbon, and silicon in there. Depending on the exact recipe, you get different grades of Monel. Interestingly, monel ball valves are often chosen when dealing with highly concentrated acids. And then there are Inconel Valves, which, as the name suggests, are made from the Inconel family of alloys.

North America and Latin America Trunnion Valves Market, By Application

• Chemical Industry
• Steel Industry
• Oil And Gas Industry
• Power Industry
• Others

When it comes to trunnion valves in North and Latin America, the Oil & Gas Industry is where the action is! They held the biggest chunk of the market back in 2021 and are expected to keep that top spot, grabbing a whopping 43.27% by 2030. We're talking a jump of USD 98.40 Million in value and a steady growth of 3.61% each year from 2023 to 2030. But hold on, the "others" segment is really picking up speed too! They're looking at an increase of USD 20.76 Million and a speedy 5.61% growth rate in that same timeframe.

Others include Food processing, Pulp & Paper, Aerospace, Metal & Minerals, and Water management. Others include Food and beverage, Pulp & Paper, Aerospace, and Metal & Minerals. A wide range of product categories, from milk and dairy to bread and baked goods, are included in the food and beverage industry. As a result, processing an unlimited variety of media is necessary; knowing the need to process these media is of the utmost importance. All facilities that process food and beverages need valves. The temperature, pressure, viscosity, and environmental factors the valves will be exposed to be also considered.

North America and Latin America Trunnion Valves Market, By Pressure Class

• 150
• 300
• 600
• 900
• 1500
• 2500

The North America & Latin America Trunnion Valves Market is experiencing a scaled level of attractiveness in the 150 segments. The 150 segment holds the highest share of the market. It is anticipated to account for the highest market share of 29.00% by 2030. The segment is projected to gain an incremental market value of USD 55.84 Million and grow at a CAGR of 2.99% between 2023 and 2030.

Furthermore, the 2500 segment is also growing at the fastest pace. The segment is projected to gain an incremental market value of USD 20.89 Million and grow with a significant CAGR of 5.96% between 2023 and 2030. Class 2500 ball valves have a PN420 pressure rating, split body design, double block, bleed functionality, and API 6D compliance. Any application requiring ASME B16.34 Class 2500 compliance and/or API 6D compliance and operating pressures of 6000 PSIG or less, including industrial and oil and gas pipe applications.

North America and Latin America Trunnion Valves Market, By Geography

• North America
• Latin America