According to IMARC Group’s latest report, titled “Ball Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 6% during 2015-2020. Ball valves are mechanical devices that regulate the flow of liquids, gases, slurries, and suspended solids in a pipeline. They are manufactured using stainless steel, cast iron, plastic, or alloys. Ball valves consist of a rotary ball, valve body, spherical obturator with a cylindrical hole, and pivoting ball. They are commonly available in reduced port, full port, cavity filler, and multiport variants. They are widely used for low-point drains, high-point vents, bubble-tight applications, and flow diversion. As a result, they find extensive applications across the food and beverage (F&B), agricultural, chemical, energy, pharmaceutical, waste management, and mining industries.
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The rising demand for ball valves in the healthcare and pharmaceutical industries is one of the key factors driving the market growth. Ball valves are widely used in critical medical devices, such as blood analyzers, oxygen concentrators, ventilators, and anesthesia equipment. Additionally, the introduction of smart valves that assist in continuous monitoring, identifying and addressing faults, and enabling autonomous predictive maintenance are providing an impetus to market growth. Other factors, including rapid industrialization, adoption of 3D printing technologies in valve manufacturing, and extensive research and development (R&D) activities, are supporting the market growth. Looking forward, IMARC Group expects the global ball valves market to exhibit moderate growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Aalberts N.V.
- Alfa Laval
- Schlumberger Limited
- The Crane Company
- The Curtiss-Wright Corporation
- Dwyer Instruments Inc.
- Emerson Electric Co.
- The Flowserve Corporation
- IMI Plc
- KITZ Corporation
- Niuwei Group Co. Ltd.
- Velan Inc.
Ball Valves Market Segmentation:
- Stainless Steel
- Cast Iron
- Alloy Based
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
- Up To 1”
- 50” and Larger
End Use Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Food & Beverages
- Building & Construction
- Pulp & Paper
- Pharmaceuticals Metals & Mining
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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