According to Stratistics MRC, the Global Ball Valve Market is accounted for $8.24 billion in 2020 and is expected to reach $24.35 billion by 2028 growing at a CAGR of 14.5% during the forecast period. Usage of cast iron in machines, pipes, and the automotive industry and increasing construction of nuclear power stations are driving the market growth. However, lack of standardized norms and governing policies and strong pricing pressure owing to the convenience of local are hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period, owing to rapidly growing urbanization and population base in developing economies such as India, China. Furthermore, rising industrialization in emerging countries has increased the demand for markets across the province.
Some of the key players profiled in the Ball Valve Market include ALFA LAVAL, CIRCOR International Inc., Crane Co., Castel SRL, Sanhua USA, Curtiss-Wright Corporation, Danfoss A/S, Emerson Electric Co, Georg Fischer Ltd, Flowserve Corporation, Hitachi Ltd, Honeywell International Inc., KITZ Corporation, Mueller Water Products Inc.
Types Covered:
• Single Router
• Multi Router
Products Covered:
• Full Port
• Reduced Port
• Standard Port
• V Port
Sizes Covered:
• Up To 1
• 1”–6”
• 6”–25”
• 25-50
• 50 and Larger
Valve Types Covered:
• Floating Ball Valves
• Rising Stem Ball Valves
• Trunnion Mounted Ball Valves
Materials Covered:
• Alloy Based
• Brass
• Bronze
• Cast Iron
• Cast Steel
• Cryogenic
• Others
• Plastic
• Stainless Steel
End Users Covered:
• Aerospace & Defence
• Agriculture
• Building & Construction
• Chemicals
• Energy & Power
• Food & Beverages
• Healthcare
• Oil and Gas
• Metal and Mining
• Pharmaceuticals
• Pulp & Paper
• Sewage Systems
• Submarine
• Transportation
• Utilities
• Water & Wastewater Treatment
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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