Global Ball Valves Market, By Type (Floating, Rising Stem, Trunnion Mounted), by Size (Up to 1”, 1”–6”, 6” to 25”, 25” to 50”), By Material (Alloy, Cryogenic, Stainless Steel, Cast Iron,), by End Users - Global Forecast to 2023 - Forecast 2023
The study reveals that is trending in North America region. The increasing demand of energy from various sectors is expected to open up new growth opportunities in the US is one the key factors driving this market growth.
Moreover, the high demand of Ball Valves devices such as fiber-optic sensors in the oil and gas industry is projected to gain growth of this market.
The study indicates that increasing urbanization has led to ball valve market to grow rapidly.
The offshore oil and gas projects across the globe is boosting the demand from manufacturing & process industry.
The Ball Valves market is growing rapidly over 3.2% of CAGR and is expected to reach at USD ~$11.56 billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Ball Valves Market Research Report -Forecast to 2023”.
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The Ball Valves Market has been segmented on the basis of type, material types, size, end users and region. Looking through the end-user segment it has been observed that and the water infrastructures are expending due to ongoing efforts of ball valve, improved safety and reduced operating costs, are the major factors expected to favor the growth of ball valve market.
The increasing demand of petrochemical products like paints, polymers and plastics with rising manufacturing as well as process industries is expected to flourish the demand of ball valves in coming years.
The prominent players in the Ball Valves market are
- Alfa Laval AB (Sweden)
- Swagelok Company (US)
- MRC Global Inc. (US)
- Emerson Electric Company (US)
- Weir Group (UK)
- Kitz Corporation (Japan)
- Velan Inc. (Canada)
- Curtiss-Wright Corporation (US)
- Cameron-Schlumberger Ltd.(U.S)
- Flowserve Corporation (US)
- Metso Oyj (Finland)
- Flomatic Corporation (US)
- Dwyer Instruments Inc. (US)
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On geographic basis, Ball Valves market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Ball Valves market as the increasing pipeline installations and need for monitoring & controlling from centralized location has boosted the growth & demand of ball valves in this region.
Europe is expected to show slower growth rate compared to other regions in the Ball Valves market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing relatively good growth in the Ball Valves market.
Study Objectives of the Ball Valves Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Ball Valves market.
- To provide insights about factors affecting the market growth.
- To analyze the Ball Valves market based porter’s five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, port types, material types, size, end users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Ball Valves
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- Ball Valves device manufacturers
- Industrial valves manufacturers
- Manufacturers of components
- Professional services/solutions providers
- End users from the listed industries
- Process industry standard organizations
- Research institutes and organizations
- Associations of valve manufacturers
- Safety equipment manufacturers
The regional analysis of Ball Valves market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. North America is dominating the ball valve market due to the implementation of stringent government policies regarding wastewater treatment in these regions.
Asia-Pacific region is contributing high with the growing demand of existing power plants as per the established standards is also contributing to boost market growth. Whereas, the Europe is showing a significant growth during the forecasted period.
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