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:
1.
MARKET INTRODUCTION
2.
RESEARCH METHODOLOGY
3.
MARKET DYNAMICS
4.
EXECUTIVE SUMMARY
5.
MARKET FACTOR ANALYSIS
6.
LINEAR MOTORS MARKET, BY
SEGMENTS
7. COMPETITIVE ANALYSIS
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