The global ball valves market size was USD 13.12 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period. Increasing need for smart valve adoption and replacement of out-of-date ball valves and rising emphasis on development of smart cities, urbanization, and industry are factors expected to drive the market revenue growth. Rising demand for ball valves for industrial applications is driving market revenue growth. For example, all ball valves are intended for use in industrial settings, primarily in mechanical, chemical, and water treatment engineering, as well as in the food and beverage processing industry, power generation, and environmental systems. The new ball valve lineup complies with all current normative criteria and is a further refinement of the popular design that users have come to rely on. These major improvements have been made to the new ball valve generation with introduction of the B series ball valves, and the new nomenclature reflects these changes. For example, on 03 March 2023, Flowserve Corporation, a top supplier of flow control goods and services to the global infrastructure industries launched the Worcester 51/52 Series Lower Port Flanged Ball Valves. By standardizing design, components, construction, and product certifications, these floating, quarter-turn valves with ball valves have been revamped for global availability. Managing flow of liquids or gases in the following kinds of industries is a target application for the valves chemical processing, petrochemicals, energy, defense, food and beverage, industrial gases, pharmaceuticals, and water.
The report studies the impact of the COVID-19 pandemic on the Ball Valves market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Emerson Electric Co., SLB, Flowserve Corporation, IMI, Trillium Flow Technologies, Bray International, Honeywell International Inc., Crane Company, ALFA LAVAL, KITZ Corporation, Hawa Valves
Research Report on the Ball Valves Market Addresses the Following Key Questions:
- Who are the dominant players of the Ball Valves market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Ball Valves market?
- What are the key growth drivers and restraining factors of the Ball Valves market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Ball Valves market and its key segments?
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Emergen Research has segmented the global Ball Valves market on the basis of type, type of care, and region
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019–2032)
- Trunnion-Mounted Ball Valves
- Stem Ball Valves
- Floating Ball Valves
- Others
Material Outlook (Revenue, USD Billion; 2019–2032)
- Cast Iron
- Steel
- Alloy Based
- Cryogenic
- Others
Actuation Type Outlook (Revenue, USD Billion; 2019–2032)
- Manual
- Electric
- Hydraulic
- Pneumatic
In conclusion, the Ball Valves Market report is an exhaustive database that will help readers formulate lucrative strategies. The Ball Valves Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Ball Valves market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Ball Valves with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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