Market Research Future has come up with the latest report on the global Ball Valves Market 2020. The survey covered the impact of COVID-19 on everything, including the economy. On this, MRFR reveals that the global ball valves market expected to grow at USD 11.56 Billion by 2023, at a moderate 3.2% of CAGR over the review period (2017 to 2023).
The rising need for new nuclear power plants and the increasing demand in industries such as oil and gas has prompted the growth and production of ball valves in the forecast era. Inspired by the Internet of Things ( IoT), the transformation of manufacturing environments around the globe in developed countries provides a higher demand for ball valves to have a stable base. Also, its success can be calculated in terms of people's desire for protection that can significantly cause growth in the industry. The sector is also gaining traction from nuclear power plants and from the oil and gas industry, where the part has multiple uses. Factors such as population growth, scarcity of freshwater resources, and a significant presence of salinized water relative to freshwater also raise demand for desalination plants and wastewater treatment plants.
Competitive Landscape
The eminent players in the Ball Valves Market are – Alfa Laval AB (Sweden), Metso Oyj (Finland), MRC Global Inc. (U.S.), Emerson Electric Company (U.S.), Swagelok Company (U.S.), Weir Group (U.K.), Kitz Corporation (Japan), Curtiss-Wright Corporation (U.S.), Cameron-Schlumberger Ltd.(U.S), Velan Inc. (Canada), Flowserve Corporation (U.S.), Flomatic Corporation (U.S.), and Dwyer Instruments Inc. (U.S.) among others.
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Segmental Outlook
The global ball valves market can be analyzed by port types, type, size, material types, and end-users.
- By type, the market includes rising stem, floating, and trunnion mounted and others.
- Based on material type, the market has been segmented into alloy-based, brass, bronze, cryogenic, cast iron, steel, and others.
- Size-based segmentation reveals 1"–6", up to 1", 25"–50", 6"–25", 50" and above, and others.
- Based on end-users, the market comprises chemicals, food & beverage, building & construction, pharmaceuticals, aerospace & defence, oil & gas, energy & power, water & wastewater, utilities, and others.
Regional Analysis
Broad area segmentation includes Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW), among others.
Presently, North America controls the consumer economy. Supported by strict regulations governing wastewater management, the segment is experiencing substantial industry-wide penetration and is gaining considerable revenue in the process.
Europe is also following the same suit as the area has a strict environmental protocol which further encourages the use of ball valves.
The APAC is set to experience high revenue generation, with many power plants boosting ball valve demand. The developed electronics industry in Asia-Pacific and the implementation of emerging technologies have provided the regional organizations with a competitive lead in the market. Growing urbanization and rapid industrialization in emerging economies like China and South Korea are driving the region’s demand for the ball valve industry.
TABLE OF CONTENTS:
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- EXECUTIVE SUMMARY
- MARKET FACTOR ANALYSIS
- LINEAR MOTORS MARKET, BY SEGMENTS
- COMPETITIVE ANALYSIS
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The Ball Valves Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.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.Get more information on "Global Ball Valves Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/ball-valves-market/download-sampleMarket DynamicsExpansion 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.
