The Ball Valves Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Ball Valves Market:
https://www.thebusinessresearchcompany.com/report/ball-valves-global-market-report
According to The Business Research Company’s Ball Valves Global Market Report 2024, The ball valves market size has grown steadily in recent years. It will grow from $13.31 billion in 2023 to $13.87 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to oil and gas exploration and production, water and wastewater treatment, petrochemical and chemical processing, focus on energy efficiency, infrastructure development, automation and control systems..
The ball valves market size is expected to see steady growth in the next few years. It will grow to $16.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to focus on smart valves, rise in renewable energy projects, water scarcity concerns, stringent environmental regulations, resilience in supply chains, emergence of new end-user industries.. Major trends in the forecast period include increasing adoption of automation and control systems, integration of advanced materials, increasing role in industrial process control, demand for high-pressure and high-temperature applications, rapid growth in the lng, shift towards floating ball valve designs, strategic mergers and acquisitions..
Rapid urbanization is expected to drive the growth of the ball valve market going forward. The development of infrastructure and construction activities due to urbanization has increased demand for ball valves. For instance, according to a report by World Bank, in 2022, approximately 4.4 billion people, or 56% of the world’s population, resided in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to surpass its current level. Thus, the rise in urbanization is propelling the growth of the ball valve market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8078&type=smp
The ball valves market covered in this report is segmented –
1) By Types: Trunnion-Mounted Ball Valves, Floating Ball Valve, Rising Stem Ball Valve
2) By Material: Steel, Cast Iron, Cryogenic, Alloy Based, Other Materials
3) By Size: <1”, 1”−5”, 6”–24”, 25”–50”, >50
4) By Industry: Oil And Gas, Energy And Power, Water And Wastewater Treatment, Chemicals, Building And Construction, Pharmaceuticals, Agriculture, Metals And Mining, Pulp And Paper, Food And Beverages
Top Major Players:
Emerson Electric Co
Schlumberger Limited
Flowserve Corporation
IMI PLC
Valmet (Neles Corporation)
Asia-Pacific was the largest region in the ball valves market in 2023.
Implementation of 3D printing technologies is the key trend gaining popularity in the ball valve market. 3D printing is a technique for building three-dimensional objects layer by layer by using a computer-generated design. 3D printing optimises valves for customer-specific requirements. For instance, in May 2021, Neles Corporation, a Finland-based company specialised in designing and manufacturing industrial valves and valve automation solutions, introduced a 3D-printed valve for field testing. The valve is a T5-series standard stainless steel ball valve. The field testing generated abundant valuable information about the potential of making pressure-retaining parts using 3D printing with noticeably shorter lead times. Additionally, 3D-printed noise attenuation trims use less material and have better flow paths than traditionally manufactured trims.
The ball valves market report table of contents includes:
1. Executive Summary
2. Ball Valves Market Characteristics
3. Ball Valves Market Trends And Strategies
4. Ball Valves Market – Macro Economic Scenario
5. Global Ball Valves Market Size and Growth
….………
31. Global Ball Valves Market Competitive Benchmarking
32. Global Ball Valves Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ball Valves Market
34.Ball Valves Market Future Outlook and Potential Analysis
35. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
