Global Ball Valves Market Comprehensive Study: Forecasted Market Size And Growth Rate

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2126

The Business Research Company offers in-depth market insights through Ball Valves Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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..

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Market Segmentation:
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:

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