Ball Valves Market
Machinery

5 Major Insights Into The Ball Valves Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Ball Valves Global Market Report 2024 offers crucial insights into the ball valves market help businesses analyse and build stronger strategies.

 

Steady Expansion in the Ball Valves Market

  • The ball valves market size has experienced consistent growth in recent years.
  • From $13.31 billion in 2023, it is projected to reach $13.87 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 4.2%.
  • Factors driving historic growth include oil and gas exploration, water treatment, and infrastructure development, among others.

Continued Growth Trajectory

  • The market is expected to continue its upward trend, reaching $16.23 billion by 2028, with a CAGR of 4.0%.
  • Anticipated growth drivers in the forecast period include smart valves, renewable energy projects, and stringent environmental regulations.
  • Major trends include automation systems, advanced materials, and strategic mergers and acquisitions.

 

Read The Full Ball Valves Market Report Here:

https://www.thebusinessresearchcompany.com/report/ball-valves-global-market-report

 

Urbanization Surge Sparks Expansion in Ball Valve Market Demand

  • Urbanization fuels infrastructure development, escalating demand for ball valves.
  • By 2050, 70% of the global population will reside in cities, driving the need for urban infrastructure.
  • Key companies in the market include Emerson Electric Co., Schlumberger Limited, and Flowserve Corporation, among others.

Rising Adoption of 3D Printing Revolutionizes Ball Valve Market Dynamics

  • 3D printing emerges as a transformative trend in ball valve manufacturing.
  • Neles Corporation’s introduction of a 3D-printed valve showcases its potential for customer-specific needs.
  • IIT Inc.’s acquisition of Habonim for $140 million strengthens market presence and product portfolio.

Segmentation and Market Dynamics

  • The ball valves market is segmented by types, materials, sizes, and industries served.
  • Types include Trunnion-Mounted, Floating, and Rising Stem Ball Valves.
  • Materials range from steel to cryogenic and alloy-based options.
  • Market applications span oil and gas, energy, water treatment, chemicals, and more.

Asia-Pacific Leads the Charge

  • Asia-Pacific emerges as the largest region in the ball valves market in 2023.
  • The region’s robust industrial growth and infrastructure development contribute to its market dominance.

 

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The Ball Valves Global Market Report 2024  provides a comprehensive outlook of the ball valves market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ball valves market forecast offers a thorough analysis on ball valves market size, ball valves market share, prominent players and their strategies.

 

The Table Of Content For The Ball Valves Market Include:
1. Ball Valves Market Executive Summary
2. Ball Valves Market Segments
3. Ball Valves Market Size And Ball Valves Market Growth Rate
4. Key Ball Valves Market Trends
5. Major Ball Valves Market Drivers
……
25. Key Mergers And Acquisitions In The Ball Valves Market
26. Top Ball Valves Companies
27. Ball Valves Market Opportunities And Strategies
28. Ball Valves Market, Conclusions And Recommendations
29. Appendix

 

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Metal Valve Global Market Report 2024

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