Advance: Key Drivers and Opportunities in the Ball Valves Market

The global ball valves market size was USD 13.12 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period. Increasing need for smart valve adoption and replacement of out-of-date ball valves and rising emphasis on development of smart cities, urbanization, and industry are factors expected to drive the market revenue growth. Rising demand for ball valves for industrial applications is driving market revenue growth. For example, all ball valves are intended for use in industrial settings, primarily in mechanical, chemical, and water treatment engineering, as well as in the food and beverage processing industry, power generation, and environmental systems. The new ball valve lineup complies with all current normative criteria and is a further refinement of the popular design that users have come to rely on. These major improvements have been made to the new ball valve generation with introduction of the B series ball valves, and the new nomenclature reflects these changes. For example, on 03 March 2023, Flowserve Corporation, a top supplier of flow control goods and services to the global infrastructure industries launched the Worcester 51/52 Series Lower Port Flanged Ball Valves. By standardizing design, components, construction, and product certifications, these floating, quarter-turn valves with ball valves have been revamped for global availability. Managing flow of liquids or gases in the following kinds of industries is a target application for the valves chemical processing, petrochemicals, energy, defense, food and beverage, industrial gases, pharmaceuticals, and water.

The report is formulated with the updated and latest information of the global Ball Valves market further validated and verified by the industry experts and professionals. The Global Ball Valves Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Ball Valves market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Emerson Electric Co., SLB, Flowserve Corporation, IMI, Trillium Flow Technologies, Bray International, Honeywell International Inc., Crane Company, ALFA LAVAL, KITZ Corporation, Hawa Valves

Research Report on the Ball Valves Market Addresses the Following Key Questions:

Who are the dominant players of the Ball Valves market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Ball Valves market?
What are the key growth drivers and restraining factors of the Ball Valves market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Ball Valves market and its key segments?

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Emergen Research has segmented the global Ball Valves market on the basis of type, type of care, and region

Segments Covered in this report are:

Type Outlook (Revenue, USD Billion; 2019–2032)
- Trunnion-Mounted Ball Valves
- Stem Ball Valves
- Floating Ball Valves
- Others

Material Outlook (Revenue, USD Billion; 2019–2032)
- Cast Iron
- Steel
- Alloy Based
- Cryogenic
- Others

Actuation Type Outlook (Revenue, USD Billion; 2019–2032)
- Manual
- Electric
- Hydraulic
- Pneumatic

In conclusion, the Ball Valves Market report is an exhaustive database that will help readers formulate lucrative strategies. The Ball Valves Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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