Market Research Future has come up with the latest report on the global Ball Valves Market 2020. The survey covered the impact of COVID-19 on everything, including the economy. On this, MRFR reveals that the global ball valves market expected to grow at USD 11.56 Billion by 2023, at a moderate 3.2% of CAGR over the review period (2017 to 2023).
The rising need for new nuclear power plants and the increasing demand in industries such as oil and gas has prompted the growth and production of ball valves in the forecast era. Inspired by the Internet of Things ( IoT), the transformation of manufacturing environments around the globe in developed countries provides a higher demand for ball valves to have a stable base. Also, its success can be calculated in terms of people's desire for protection that can significantly cause growth in the industry.
The eminent players in the Ball Valves Market are – Alfa Laval AB (Sweden), Metso Oyj (Finland), MRC Global Inc. (U.S.), Emerson Electric Company (U.S.), Swagelok Company (U.S.), Weir Group (U.K.), Kitz Corporation (Japan), Curtiss-Wright Corporation (U.S.), Cameron-Schlumberger Ltd.(U.S), Velan Inc. (Canada), Flowserve Corporation (U.S.), Flomatic Corporation (U.S.), and Dwyer Instruments Inc. (U.S.) among others.
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The global ball valves market can be analyzed by port types, type, size, material types, and end-users.
· By type, the market includes rising stem, floating, and trunnion mounted and others.
· Based on material type, the market has been segmented into alloy-based, brass, bronze, cryogenic, cast iron, steel, and others.
· Size-based segmentation reveals 1"–6", up to 1", 25"–50", 6"–25", 50" and above, and others.
· Based on end-users, the market comprises chemicals, food & beverage, building & construction, pharmaceuticals, aerospace & defence, oil & gas, energy & power, water & wastewater, utilities, and others.
Broad area segmentation includes Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW), among others.
Presently, North America controls the consumer economy. Supported by strict regulations governing wastewater management, the segment is experiencing substantial industry-wide penetration and is gaining considerable revenue in the process.
TABLE OF CONTENTS:
1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
6. LINEAR MOTORS MARKET, BY SEGMENTS
7. COMPETITIVE ANALYSIS
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