Press release
Ball Valve Market Detailed Analysis, Competitive Analysis, Regional, and Global Industry Forecast to 2027
In 2016, North America accounted for the second largest revenue share of little more than one-fourth of the total market share, followed by Europe.
Get Sample Copy of this Report at - https://bit.ly/35Ogkvi
The growth of ball valve is highly dependent upon the growth of industries such as oil & gas, chemical, power, mining, refining. Apart from these industries, the ball valves are used in ships, fire safety protection services, nuclear power generation, etc. Globally the manufacturing industry is anticipated to pertain its growth, as newer and innovative technologies plunge into these industries.
The the oil & gas industry is the largest end-user segment in Europe. However, it is experiencing sluggish growth rate. The availability of new crude oil sources in the North America region especially in US and the consequent increases in refining capacity brings a negative impact on ball valve sales in Europe. Since 2007, fourteen refines in Europe have been closed, among these most are from France, where refining capacity dropped by 30% to 1.4 million b/d since 2008. The refining are planning more closures with dip in refining margins. Closures are likely to come from Italy where capacity there has shrunk by 10% over the past six years compared with 15% in Germany and 22% in the UK. The European market for ball valve is expected to witness a lucrative CAGR growth of 1.56% in the forecast period.
India Ball Valve market is expected to grow at a CAGR of 3.56% during the forecast period 2017 - 2025. India is one of the most rapidly developing nation around the globe. This industrial development in the country is highly influenced by the various government initiatives promoting the growth of industrial sector in the country. Although the country's economic graph has remained rough, the country's industrial sector is spurring at a significant rate. Also, the country comprises a huge fragment of unorganized sector that make use of ball valves for the purpose of fluid & gas control, which further contributes significantly to the market.
Key findings of the study:
From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 3.09% during the forecast period
Based on type, the trunnion mounted ball segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 2.84%
The surge in spending towards deep sea exploration and beginning of production from oil reserves projects to boost the oil & gas segment market growth globally thereby registering a CAGR of 2.80%
The global market for ball valve has been segmented on the basis of different types of ball valves, which includes rising stem ball valves, floating ball valves and Trunnion ball valves. Each ball valve has a different application and is designed to fulfil varied end - users demand. Some of the key end - users of this market are, oil & gas, chemical, pharmaceuticals and power & energy. Oil & Gas industry is the largest consumer of ball valves and would continue its dominance over the forecast period.
Buy now at- https://bit.ly/2WoPcA6
Geographically the market is presently dominated by developed regions like North America and Europe, however the market is expected to be in favor of Asia Pacific, as the region is anticipated to witness tremendous industrialization over the coming years. The overall ball valve market is very much fragmented with top ten leading players capturing only 30% of total market. Some of the major players having global market share are Emerson, Flowserve, Cameron, IMI PLC, and Metso among others.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ball Valve Market Detailed Analysis, Competitive Analysis, Regional, and Global Industry Forecast to 2027 here
News-ID: 2041337 • Views: …
More Releases from The Insight Partners
Orthopedic 3D Scanners Market Is Gaining Huge Growth In Upcoming Years
3D orthopaedic scanning devices are sophisticated technology-driven systems used to scan human body components for the detection and treatment of the defect. By means of its scanning capabilities, 3D orthopaedic scanning systems help to design uniquely customised products and to find further use in surgical procedures.
Get More Details with Sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00017457/?utm_source=OpenPR&utm_medium=10129
Orthopedic 3D Scanners Market: Competitive Landscape and Key Developments:
• Delcam Plc
• Allied OSI Labs
• SCANNY3D S.r.l.
• AGE Solutions S.r.l.
• Orthopaedic Innovation Centre
• Diasu…
Prostate Cancer Diagnostics: A Guide to Understanding the Process
Prostate cancer diagnostics refers to the various tests and procedures used to diagnose prostate cancer in men. Early detection of prostate cancer is important for successful treatment and recovery. Several different diagnostic tests are available, including digital rectal exams, prostate-specific antigen (PSA) tests, and biopsies. With the increasing prevalence of prostate cancer.
Get More Details with Sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00003656/?utm_source=OpenPR&utm_medium=10129
Prostate Cancer Diagnostics Market: Competitive Landscape and Key Developments:
• MDxHealth
• Telo Genomics Corp…
Aerospace Plastics Market Research Insights with Upcoming Trends Segmentation, O …
The Aerospace Plastics Market report by "The Insight Partners" entails detailed information regarding the dynamics affecting market valuation over the analysis period. It also covers the competitive landscape, market scope, and market segmentation.
Get Sample Copy of Report at: https://www.theinsightpartners.com/sample/TIPRE00005464/?utm_source=OpenPR&utm_medium=10188
Companies Profiled in this report includes:
• SABIC
• Victrex
• Drake Plastics Ltd
• Solvay
• BASF SE
• Evonik Industries AG
• Vantage Plane Plastics
• Paco Plastics & Engineering Inc.
• 3P
• Performance Plastics Products
• Big Bear Plastics
The report scrutinizes different business approaches and frameworks that…
Consumer Genomics: A Guide to Understanding the Process
Consumer genomics market is growing as it is very frictionless. A patient can purchase a genetic test online and then receive a test kit by mail and collect a DNA sample in their own home. Patients will receive the results at home and don't need any guidance of a genetic counselor or medical practitioner.
Get More Details with Sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00006429/?utm_source=OpenPR&utm_medium=10129
Consumer Genomics Market: Competitive Landscape and Key Developments:
• …
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
