The global demand for Ball Valves Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
A Ball valve is a quarter-turn rotational motion valve that uses a ball-shaped disk to stop or start flow. If the valve is opened, the ball rotates to a point where the hole through the ball is in line with the valve body inlet and outlet. If the valve is closed, the ball is rotated so that the hole is perpendicular to the flow openings of the valve body and the flow is stopped. Owing to its feature and properties, it is an ideal for air, gaseous, and liquid applications. It is being used in various industries such as oil & gas, chemical industry, food and beverage industry and others.
Expansion of industrialization, urbanization, and smart city initiatives across the globe are the key factors driving the market. The growth in industries such as oil and gas, chemical, power, mining, refining, etc. is expected to be one of the major factors contributing to the growth of the global ball valve market in the forecast period. However, increasing cost of raw material may act as a restraint during the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of ball valves.
The entire ball valves market has been sub-categorized into material, valve type, size and industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Valve Type
- Stainless Steel
- Cast Iron
- Alloy Based
- Others (Brass, Bronze, and Plastic)
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
- Up To 1”
- 1” to 6”
- 6” to 25”
- 25” to 50”
- 50” and Larger
- Oil & Gas
- Energy & Power
- Water & Wastewater
- Building & Construction
- Food & Beverages
This section covers regional segmentation which accentuates on current and future demand for ball valves market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Ball Valves Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ball valves market include Emerson, Flowserve, Cameron - Schlumberger, IMI PLC, Metso Corporation, Kitz Corporation, Neway Valve (Suzhou) Co., Ltd., Crane Co, Weir Group and Burkert Fluid Control System and others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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