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

Trunnion valves are a type of industrial valve that is commonly used in pipelines and other industrial applications to regulate the flow of fluids such as oil, gas, and water. These valves are designed with a trunnion, which is a fixed pin or shaft that supports the valve ball or disc and allows it to rotate smoothly. In the market, trunnion valves are typically defined as high-performance valves that offer superior sealing capabilities and are able to handle high-pressure and high-temperature applications. They are known for their reliability, durability, and low maintenance requirements, making them a popular choice in a variety of industries, including oil and gas, petrochemical, power generation, and water treatment. Trunnion valves are available in a range of sizes, pressure ratings, and materials, including carbon steel, stainless steel, and exotic alloys. They are also available in various designs, such as floating ball, trunnion-mounted ball, and butterfly valves, to meet the specific needs of different applications. Overall, trunnion valves are an important component in many industrial processes, providing reliable and efficient flow control solutions.

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.

One of the key drivers of the trunnion valves market is the increasing demand for oil and gas, which has led to a rise in exploration and production activities. Trunnion valves are widely used in the oil and gas industry to control the flow of fluids in pipelines and other equipment, and their superior sealing capabilities make them well-suited for high-pressure and high-temperature applications. Another factor driving the growth of the trunnion valves market is the increasing adoption of automation and digitalization in various industries. Trunnion valves can be integrated with advanced control systems and sensors to provide real-time monitoring and control of flow, pressure, and temperature, which can help improve operational efficiency and reduce 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.

The North America & Latin America Trunnion Valves Market is segmented into four major classes, Carbon Steel, Stainless Steel, Alloy Steel, and Others, based on product type. Moreover, the Market is segmented into five major size segments, 25”–50”, 50” and above, 6”–25”, 1”–6”, and Up to 1. The North America & Latin America Trunnion Valves Market is further segmented into five major applications, Oil & Gas Industry, Chemical Industry, Steel Industry, Power Industry, and Others. Moreover, the Market is segmented into six major types, 150, 300, 600, 900, 1500, and 2500, based on pressure class. 150 segment is holding the highest market share of 32.01%. However, the 2500 segment is expected to grow with the highest CAGR of 5.96% during the forecasted period.

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. However, the volatile raw material prices and the rest of other factors might strangle the growth of the North America & Latin America Trunnion Valves Market over the forecasted period. Moreover, the new opportunities from mining and waste management, growing industrialization and urbanization, and other factors are creating new opportunities for the North America & Latin America Trunnion Valves Market to grow soon.

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.

Furthermore, the other segment is also growing at the fastest pace. The segment is projected to gain an incremental market value of USD 42.60 Million and grow with a significant CAGR of 5.31% between 2023 and 2030. Others include Monel, Inconel, Brass, etc. Nickel alloys, with other elements acting as alloys, make up Monel valves. Nickel ranges from 52 to 67% of the composition, and copper makes up most of it. Monel has some additives, including iron, manganese, carbon, and silicon. The grade of monel varies depending on the composition of the substance. The monel ball valves are designed for use with high concentrations of acids. The Inconel family of alloys is what makes up Inconel Valves.

North America and Latin America Trunnion Valves Market, By Application

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

The North America & Latin America Trunnion Valves Market is experiencing a scaled level of attractiveness in the Oil & Gas Industry segment. The Oil & Gas Industry segment holds the highest share of the market in 2021. It is anticipated to account for the highest market share of 43.27% by 2030. The segment is projected to gain an incremental market value of USD 98.40 Million and grow at a CAGR of 3.61% between 2023 and 2030.Furthermore, the others segment is also growing at the fastest pace. The segment is projected to gain an incremental market value of USD 20.76 Million and grow with a significant CAGR of 5.61% between 2023 and 2030.

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