Press release
Ball Valve Market Size, Top Companies, Trends, Growth Factors and Forecast to 2027
The Ball Valve Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Ball Valve Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.Ball Valve Market is envisaged to record an expansion at the CAGR of 12.6% over the forecast period, 2021 – 2027
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Market Overview
The impact of COVID-19 has not been the same on the vendors since some of them offer and service ball valves only for the food sector, while others offer only for the oil and gas sector. Vendors who cater to food processing are nowadays most profitable since the manufacturing of food-related items have been deemed under essential services, and those facilities have been working extra hours to fulfill the demand. The pandemic has disrupted the maintenance of oil and gas projects and refineries space which is already impacted due to slumping prices. The price of Brent crude oil plummeted in March 2020, and, despite recovering, partly as the result of record cuts to production agreed by OPEC, closed at USD 40 (for the August contract) on the 24th June 2020. (source: OPEC). Repairs of valves are regularly needed to keep wells pumping, pipelines and refineries functioning. However, due to global lockdown, the maintenance activities have been halted, due to which there is an increased risk of glitches or unplanned outages.
The major players covered in the Ball Valve Market:
Tyco International, Emerson Electric, Flowserve, Kitz, IMI plc, Cameron, GE, Crane Company, Metso, Rotork, Circor, VELAN, KSB, VANATOME, Watts Water Technologies, Bray, GEMU, Spirax Sarco, NEWAY, Chengdu Chengfeng Valve Group, Henan Kaifeng High Pressure Valve, YuanDa Valve Group, CNNC Sufa Technology Industry, BVMC, Shandong Yidu Valve Group Corp, Dazhong Valve Group, DunAn, SHK, DV VALVE, FangYuan Valve Group
Ball Valve Breakdown Data by Type
Stainless Steel Ball Valves
Carbon Steel Ball Valves
Bronze Ball Valves
Brass Ball Valves
Alloy Ball Valves
Cast Iron Ball Valves
Cast Steel Ball Valves
Others
Ball Valve Breakdown Data by Application
Oil and Gas
Energy Power
Chemical
Water Treatment
Paper Making
Others
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North America is Expected to Dominate the Market
The Department of the Interior (DoI) of the United States estimates that this program could discover approximately 98% of the technically recoverable oil and gas resources in federal offshore areas to be available for exploration and development by 2020. Besides, the country has also unveiled a new Draft Proposed Program (DPP), which includes 47 potential lease sales in 25 of the 26 planning areas, indicating high exploratory activity in the region over the forecast period. The United States is home to iconic hydropower projects. The Grand Coulee Dam, built across the Columbia River in Washington, is one of the best hydropower projects, which generates about two-thirds of the state's electricity requirement. In April 2019, the US Department of Energy (DOE) announced funding of up to USD 26.1 million to advance the marine and hydrokinetics (MHK) industry and increase hydropower’s ability for serving as a flexible grid resource as a part of innovation drive for industry-led technology solutions. In July 2019, GE Renewable Energy signed an agreement with the US government for two hydropower contracts. One of these contracts is for the Northfield Mountain pumped hydro storage station, and the other is for the PG&E’s Caribou One hydropower station. Such initiative would lead to the market demand.
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the Ball Valve Market presented in the report. For the historical and forecast period 2016 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The report offers an in-depth assessment of the growth and other aspects of the Ball Valve Market in important countries (regions), including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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Table of Contents:
Global Ball Valve Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global Ball Valve Market Forecast
Impact of Covid-19:
The COVID-19 pandemic had a minor impact on the Ball Valve Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy. Aside from concerns with exports and imports, the growth of Germany's manufacturing industry has been limited by the closure of production sites and a slowdown in operations to combat COVID-19's spread.
Customization:
The Global Ball Valve Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
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Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
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