Ball Valves Market is projected to reach USD 14,460.7 Million by 2026, growing at a CAGR of 2.70% from 2019 to 2026

Global Ball Valves Market Analysis

According to Verified Market Research, The Global Ball Valves Market was valued at USD 11,671.3 Million in 2018 and is projected to reach USD 14,460.7 Million by 2026, growing at a CAGR of 2.70% from 2019 to 2026.

What is Ball Valves?

A ball valve is a type of quarter-turn valve to control the flow of fluid through a hollow, perforated and pivoting ball. When the ball’s hole is in line with the flow, the valve is open whereas, when it is pivoted 90-degrees by the valve handle it is closed. Moreover, it is open when the handle lies flat in alignment with the flow and is closed when the valve is perpendicular, making for easy visual confirmation of the valve’s status. Sometimes, the valves trap water in the center cavity while in the closed position, which is one of its disadvantages.

Get | Download Sample Copy @ https://www.verifiedmarketresearch.com/download-sample/?rid=1348&utm_source=op&utm_medium=Ranu&utm_campaign=Ranu

Global Ball Valves Market Outlook

The growth in industries such as oil and gas, chemical, power, mining, refining, etc. is anticipated to be one of the major factors contributing to the growth of the Global Ball Valve market in the forecast period as newer and innovative technologies plunge into these industries. The oil & gas industry is one of the major customers of ball valves due to the wide applications of the ball valves in the industry.

In addition to this, the growing modernization of plant process is expected to further boost the market growth. The modernization of process plants tends to eliminate the traditional methods of facilitation of fluids and gases and calls for valves which can ensure a more convenient passage for the excretion.

On the contrary, owned by the increasing cost of raw material the charges for installation of ball valves in the ducts and pipes will also increase which will require the need to find a substitute for the ball valves by the manufacturers which is expected to act as a potential restraint and would hinder its growth in the global market during the forecast period.

Global Ball Valves Market, Geographic Analysis

The Global Ball Valves market is studied on the basis of key geographies Europe, North America, Middle East, and Africa, Asia Pacific and Latin America. The market was dominated by the Asia Pacific in 2018 as APAC is home to many developing economies such as China and India making the applicability of ball valves very widespread in the region. With local availability of Ball Valves at affordable cost, structures are expected to drive the market and result in a high CAGR.

Obtain Report Details @ https://www.verifiedmarketresearch.com/download-sample/?rid=1348&utm_source=op&utm_medium=Ranu&utm_campaign=Ranu

Global Ball Valves Market, Segment Analysis

The Global Ball Valves market is segmented on the basis of Type, Size, Application, and Geography. On the basis of Type, the Global Ball Valves market is classified into Oil and Gas Pipes, Agricultural and Irrigation Pipes, Water Supply Pipes, Sewage Systems and Others. By Size, the market is bifurcated into Up to 1”, 1”–6”, 6”–25”, 25”–50”, 50” and Above. By Application, the market is classified into Oil & Gas, Water & Wastewater, Chemicals, Energy & Power, Building and Construction and Others. Geographically, the Global Ball Valves market is analyzed across North America, Europe, Asia Pacific and Rest of the World.

The Oil and Gas segment is expected to be one of the largest contributors to the Ball Valve Market as rapid expansion and development is seen in the sector which in turn would result into increased usage of piping systems for transportation of fluids.

Global Ball Valves Market, Competitive Landscape

The Global Ball Valves market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Emerson, Flowserve Corporation, Cameron–Schlumberger Ltd., Crane Co., IMI PLC, Kitz Corporation, Metso, Neway Valves Co. Ltd., Velan Inc., Weir Group PLC, Burkert Fluid Control Systems, Curtiss-Wright Corporation, Alfa Laval, Apollo Valves and Valvitalia S.P.A.

Request a Sample Here: https://www.verifiedmarketresearch.com/download-sample/?rid=1348&utm_source=op&utm_medium=Ranu&utm_campaign=Ranu

About us-

Verified Market Research’ has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. Our large database includes the latest Content from renowned authors and publications worldwide. We’ve recently developed a one of its own kind smart-system, which helps us determine the authenticity and reputation of the content and its author. This ‘smart-system’ ensures that we always include high – quality content in our database. We also provide customized Data and Reports according to the need of our client. We strive for excellence and perfection in all our work, and our in-house team is working 24/7 so that you get the Data, Reports, and Analytics you need to help make better decisions. We believe in Customer Satisfaction, and to achieve that we aim to understand the client’s need to provide ‘tailor-made’ services.

Our aim is to save your Time and Resources, providing you with the required Research Data, so you can only concentrate on Progress and Growth. Our Data includes research from various industries, along with all necessary statistics like Market Trends, or Forecasts from reliable sources.

Contact us -

Mr. Edwyne Fernandes

Call: +1 (650) 781 4080

sales@verifiedmarketresearch.com

This release was published on openPR.