Exploring Growth Trajectory: Ball Valves Market Forecast 2024-2033| Emerson Electric Co., Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation)

Spread the love

Overview and Scope
A ball valve is an emergency stop valve that regulates the flow of a liquid or gas using a rotating ball with a bore. The ball valve is used to shut down the fluid in upstream oil and gas production facilities, both onshore and offshore.

Sizing and Forecast
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..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/ball-valves-global-market-report

Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the ball valves market in 2023. The regions covered in the ball valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8078&type=smp

Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the ball valves market report are Emerson Electric Co., Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation), Spirax Sarco Limited, Honeywell International Inc., Parker Hannifin Instrumentation Products Division, SSP Fittings Corp., Columbia Specialty Company, Perrin GmbH, M&M International, FBV Inc., KITZ Corporation, Velan Inc., Cameron International Corporation, Neway Valve (Suzhou) Co. Ltd., Wuzhou Valve Co. Ltd., Jiangsu Shentong Valve Co. Ltd., Bonney Forge Corporation, Bray International Inc., Crane Co., Dwyer Instruments Inc., Flomatic Corporation, Forum Energy Technologies Inc., Georg Fischer Ltd., Hattersley Aladdin Limited, KSB SE & Co. KGaA, NIBCO INC., Valvitalia SpA

The ball valves market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

Related reports:
https://topprnews.com/technical-illustration-software-market/
https://topprnews.com/used-cars-market-trends/
https://topprnews.com/virtual-clinical-trials-market-report/
https://topprnews.com/web-performance-market-growth/

Understanding the Global Technical Illustration Software Market Landscape 2024-2033| Adobe Systems India Private Limited, Autodesk Inc, Canvas GFX Inc., Corel Corporation, Cyient Ltd.

Navigating the Global Used Cars Market Landscape: Trends & Outlook 2024-2033| Hendrick Automotive Group, Group 1 Automotive Inc., Cox Automotive Inc., Asbury Automotive Group Inc.

Navigating the Global Virtual Clinical Trials Market Landscape: Trends & Outlook 2024-2033| ICON plc, Parexel International Pvt. Ltd., IQVIA Holdings Inc., Covance Research Products Inc.


https://goodprnews.com/web-performance-market-landscape/

 

Explore the trending research reports from TBRC:

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


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →