Ball Valves Market Global Research Report 2020: Industry Growth, Size, Latest Applications, Manufacturer Analysis, Share, Sales Revenue and Regional Forecast 2023
Ball Valves Market Research Report By
Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Ball Valves Market
The global ball valves market, according to a recent report by Market Research Future (MRFR), is slated to reach an astounding market
valuation of USD 11.56 billion at a substantial CAGR during the forecast period (2017-2023).
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Ball Valves Market
“Taste the market data and market information presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content
TOC & market synopsis on Internet of Ball Valves Market Forecast To 2023”
The global ball valves market report by Market Research Future (MRFR) details various drivers, opportunities, and challenges with
respect to segments and region. Ball valves are devices which regulate the flow of liquids in line closures, maintenance isolations, and
tie-ins. The use of these devices across oil & gas, aerospace & defense, and other industries can provide new prospects due to flow
regulation applications.
Construction of nuclear and power plants for supplying a steady supply of power to the oil & gas sector is expected to induce demand
for ball valves during the forecast period. Emphasis on quality is pivotal for the sales of ball valves. For instance, Ampo Poyam Valves
runs cryogenic tests to ensure its quality and low probability of leakages.
Urbanization and initiatives of smart city projects which would involve renovation or replacement of legacy devices can present
numerous opportunities for the market. Moreover, the penetration of internet of things (IoT) across industries which can involve the
subsequent automation of processes are likely to augment the market size considerably till the end of the forecast period.
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Ball Valves Market
Regional Analysis
The ball valves market looks upon the following regions – Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW), for a
careful consideration of the impending demand.
North America can dominate the market till 2023, in terms of demand, due to stringent policies regarding wastewater treatment. High-
speed rotating solutions are the primary driver of the market in the region due to energy & power and wastewater treatment projects.
On the other hand, the APAC region is touted to display a robust CAGR during the forecast period due to development of various nuclear
power plants. Rapid rate of industrialization and urbanization in South Korea and China has evoked the need for ball valves. Presence of
various manufacturers as well as development of energy infrastructure projects due to the growing population and push for better
products can spur the regional market growth.
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Ball Valves Market
Application & Major Players in this Research:
Ball Valves Market Prominent Players:
• Swagelok Company (U.S.),
• Alfa Laval AB (Sweden),
• MRC Global Inc. (U.S.),
• Weir Group (U.K.),
• Emerson Electric Company (U.S.),
• Kitz Corporation (Japan),
• Curtiss-Wright Corporation (U.S.),
• Velan Inc. (Canada),
• Flowserve Corporation (U.S.),
• Cameron-Schlumberger Ltd.(U.S.)
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Ball Valves Market
Ball Valves Market Segmented on the basis of
Segment:
The global market for ball valves can be segmented on the basis of type, material types, port types, size, and end-users. On the
basis of the type, the ball valves market is segmented into the rising stem, floating, trunnion mounted, and others. Based on
material type, the market has been segmented into brass, steel, bronze, cast iron, cryogenic, alloy-based, and others. Size-based
segmentation reveals up to 50”, 1”, 6”–25”, 1”–6”, 25”–50”, and above, and others. Base on end-users, the market has been
segmented into food & beverage, chemicals, pharmaceuticals, aerospace & defense, building & construction, oil & gas, energy &
power, water & wastewater, utilities, and others.
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