Regional Insights into the Ball Valves Market: Growth Hotspots in North America, Europe, and Asia-Pacific

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 Increasing need for smart valve adoption and replacement of out-of-date ball valves and rising emphasis on development of smart cities, urbanization, and industry are factors expected to drive the market revenue growth.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 also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Ball Valves market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Ball Valves market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

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

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Emergen Research has segmented the global Ball Valves market on the basis of type, application, end-use, 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

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Ball Valves Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Ball Valves Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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