Ball valves are shut-off valves that use a ball for stopping or starting the flow of water. Its small size, tight sealing, and quick turn on and off capability has led to its application for controlling liquids and gases in vents and drains. The global ball valves market report by Market Research Future (MRFR) covers the applications of ball valves as well as its prospects for the period of 2017 to 2023 (forecast period) by its historical analysis and current economic scenario. The COVID-19 pandemic and its impact on the industry have been explored in the report.

Market Scope

The global ball valves market is expected to touch a value of USD 11.56 billion by 2023 at 3.2% CAGR over the forecast period. Rise of automation and inclination towards internet of things (IoT) can drive market demand. Focus on industrialization, replacement of old ball valves, adoption of smart valves, and rapid urbanization can drive the market. Investments in wastewater treatment plants for tackling sanitation issues and need for connected ecosystems for maintenance and monitoring of industrial equipment can bode well for the global ball valves market.

Segmentation

By types, it is segmented into trunnion mounted, floating, rising stem, and others.

By material types, it is segmented into cast iron, cryogenic, alloy based, steel, brass, bronze, and others. The cast iron segment is predicted to showcase the highest growth during the forecast period. This is attributed to its use in pipes, components, and machines.

By size, it is segmented into up to 1”, 1”-6”, 6”-25”, 25”-50”, 50”-above, and others.

By end-user, it is segmented into utilities, energy & power, oil & gas, water & wastewater, building & construction, aerospace & defense, pharmaceuticals, food & beverage, chemicals, and others. The oil & gas sector accounted for the largest market share in 2016 owing to the construction of new nuclear energy projects and demand for process control in the sector. Control over actuators and capacity for performing in adverse environment coupled with rising energy consumption can drive the regional market demand over the forecast period.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3349

Regional Analysis

North America is dominating the ball valve market due to the implementation of stringent government policies regarding wastewater treatment in the region. The use of industrial valves in sustaining the production of medical equipment can drive regional market demand. Increasing production of pressure relief equipment and oxygen therapy devices for providing a steady supply of oxygen to patients can be lucrative for ball valve manufacturers. Investments into automation of processes and development of fluid dispensing systems can drive the demand for ball valves.

Asia Pacific is contributing highly with the growing demand of existing power plants as per the established standards is also contributing to boost market growth. On the other hand, Europe is showing a significant growth during the forecasted period.

Competitive Outlook

Weir Group, Swagelok Company, Flowserve Corporation, Dwyer Instruments Inc., Curtiss-Wright Corporation, Metso Oyj, Emerson Electric Company, Alfa Laval AB, Cameron-Schlumberger Ltd., Flomatic Corporation, Kitz Corporation, Velan Inc., MRC Global Inc., and others are key players of the global ball valves market. Recently, Bonomi launched low-torque automated valve balls that cater to ANSI 150 standards. They are assembled with electric actuators and save space within systems.

Get Complete Report @ https://www.marketresearchfuture.com/reports/ball-valves-market-3349

About Us

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028                

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com