Press release
Ball Valve Market Analysis & Forecast 2022 - 2028|Tyco International, Emerson Electric
A ball valve is a device with a spherical closure unit that provides on/off control of flow. The sphere has a port, also known as a bore, through the center. When the valve is positioned such that the bore is aligned in the same direction as the pipeline, it is in open position and fluid can flow through it. When rotated 90 degrees, the bore becomes perpendicular to the flow path, meaning the valve is closed and the fluid cannot pass through.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Ball Valve market is projected to reach US$ 13090 million by 2028 from an estimated US$ 13170 million in 2022, at a CAGR of -0.1% during 2023 and 2028.
Global Ball Valve key players include Tyco International, Emerson Electric, Flowserve, Kitz, IMI plc, etc. Global top five manufacturers hold a share over 10%.
China is the largest market, with a share over 40%, followed by US and Europe, both have a share about 50%.
In terms of product, Stainless Steel Ball Valves is the largest segment, with a share over 20%. And in terms of application, the largest application is Oil and Gas, followed by Energy Power, etc.
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Complete study of the global Ball Valve market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Ball Valve industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Ball Valve production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.
Segmental Analysis
The report has classified the global Ball Valve industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Ball Valve manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Ball Valve industry.
Global Ball Valve Market Segment 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
Global Ball Valve Market Segment By Application:
Oil and Gas
Energy Power
Chemical
Water Treatment
Paper Making
Others
Competitive Landscape
It is important for every market participant to be familiar with the competitive scenario in the global Ball Valve industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.
Key companies operating in the global Ball Valve market include: 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
Key questions answered in the report:
What is the growth potential of the Ball Valve market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Ball Valve industry in the years to come?
What are the key challenges that the global Ball Valve market may face in the future?
Which are the leading companies in the global Ball Valve market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Ball Valve market?
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