Press release
Ball Valves Market 2017 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023
The study reveals that is trending in North America region. The increasing demand of energy from various sectors is expected to open up new growth opportunities in the US is one the key factors driving this market growth. Moreover, the high demand of Ball Valves devices such as fiber-optic sensors in the oil and gas industry is projected to gain growth of this market.
The study indicates that increasing urbanization has led to ball valve market to grow rapidly. The oil & gas is expected to favor the large market growth. The offshore oil and gas projects across the globe is boosting the demand from manufacturing & process industry.
The Ball Valves market is growing rapidly over 3.2% of CAGR and is expected to reach at USD ~$11.56 billion by the end of forecast period.
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Major Key Players
• Alfa Laval AB (Sweden),
• Swagelok Company (US),
• MRC Global Inc. (US),
• Emerson Electric Company (US),
• Weir Group (UK),
• Kitz Corporation (Japan),
• Velan Inc. (Canada),
• Curtiss-Wright Corporation (US),
• Cameron-Schlumberger Ltd.(U.S),
• Flowserve Corporation (US),
• Metso Oyj (Finland),
• Flomatic Corporation (US)
• Dwyer Instruments Inc. (US)
Ball Valves Market Segmentation
The Ball Valves Market has been segmented on the basis of type, material types, size, end users and region. Looking through the end-user segment it has been observed that and the water infrastructures are expending due to ongoing efforts of ball valve, improved safety and reduced operating costs, are the major factors expected to favor the growth of ball valve market. The increasing demand of petrochemical products like paints, polymers and plastics with rising manufacturing as well as process industries is expected to flourish the demand of ball valves in coming years.
Market Research Analysis:
On geographic basis, Ball Valves market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Ball Valves market as the increasing pipeline installations and need for monitoring & controlling from centralized location has boosted the growth & demand of ball valves in this region. Europe is expected to show slower growth rate compared to other regions in the Ball Valves market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing relatively good growth in the Ball Valves market.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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