North America Ball Valve Market report shows global outlook and overview 2022-2030

The North America Ball Valve Market is expected to grow from US$ 4,999.92 million in 2023 to US$ 6,464.70 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2023 to 2028.

Rising Demand for Ball Valves in Oil & Gas Industry Fuel North America Ball Valve Market
Ball valves are used in refinery and gas processing facilities. In gas processing facilities, ball valves are used to control natural gas flow during various processing stages, such as separation, dehydration, and sweetening. In refineries, the valves control the flow of crude oil and refined products during the distillation, cracking, and blending process. Moreover, ball valves are used in storage and distribution facilities to manage the flow of oil and gas into storage tanks and other vessels.

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As the valve provides tight shutoff and can withstand harsh operating conditions, it becomes an ideal solution for storage and distribution applications. Also, ball valves are used in offshore oil and gas platforms to on-off hydrocarbons and other fluids flow during production and drilling activities. Thus, increasing use of ball valves in various applications in the oil & gas industry is fuelling the ball valve market growth.

MARKET INTRODUCTION

Based on country, the North America ball valves market is segmented into the US, Canada, and Mexico. Businesses in the US increasingly adopt new technologies and automation. The high penetration of the internet across the region, coupled with initiatives by market players to promote the use of digital technologies for smooth and seamless business operations and human error reduction, catalyzes the adoption of ball valves across North America. In November 2021, Rusco, a US manufacturer of water sediment filtration products and accessories, unveiled the 'Smart Ball Valve'. The valves can be operated using apps on Apple and Android devices and accessed on Wi-Fi and Zigbee models. They are made for residential, commercial and municipal water filtration systems. This smart ball valve automates two basic functions-sediment flushing and flow shut off. The apps alert if something interrupts normal operations and provides safe shut off during power cuts, which enhances the overall performance of a water filtration system. Such automation and the development of smart solutions in water filtration systems propel the ball valves market in North America.
List of Companies Profiled in the North America Ball Valve Market Report are:
• Crane Co
• Curtiss-Wright Corp
• Emerson Electric Co
• Flowserve Corp
• KITZ Corp
• Neway Valve Suzhou Co Ltd
• Schlumberger NV
• Valvitalia SpA
• Velan Inc

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Key Segmentation:

The North America Ball Valve Market is segmented into type, material, end-use industry and country.
Based on Type, the North America Ball Valve Market is segmented into rising stem, floating, trunnion mounted. The trunnion mounted segment held the largest share of the North America Ball Valve Market in 2023.
Based on material, the North America Ball Valve Market is segmented into stainless steel, cast iron, cryogenic, alloy. The stainless-steel segment held the largest share of the North America Ball Valve Market in 2023.
Based on end user, the North America Ball Valve Market is segmented into water management, oil & gas, chemicals, pharmaceuticals, energy & power, and others. The water management segment held the largest share of the North America Ball Valve Market in 2023.
Based on country, the North America Ball Valve Market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America Ball Valve Market in 2023.

Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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