Ball Valves Market Worth $15.2 Billion by 2024 - Exclusive Report by MarketsandMarkets™

Ball Valves Market Worth $15.2 Billion by 2024 - Exclusive Report by MarketsandMarkets™

PR Newswire

CHICAGO, Feb. 27, 2019

CHICAGO, Feb. 27, 2019 /PRNewswire/ -- According to the new market research report "Ball Valves Market by Size (Up to 1", 1"–6", 6" to 25", 25" to 50", 50" and Above), Type (Trunnion Mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry, and Geography - Global Forecast to 2024", published by MarketsandMarkets™, the Ball Valves Market is expected to be worth USD 12.6 billion in 2019 and reach USD 15.2 billion by 2024, at a CAGR of 3.75% from 2019 to 2024. The growth of this market can be attributed to the high demand for ball valves from various industries such as oil & gas, energy & power, and water & wastewater, especially from APAC and North America.


Ask for PDF Brochure:

Oil & gas industry to hold the largest share of the ball valves market in 2019

By industry, the oil & gas leads the ball valves market. Recent uptrend in the oil & gas industry, the latest discovery of shale gas in North America, and increasing demand for cleaner fuels are the major factors that are likely to drive the ball valves market growth in the next few years. In addition, the increased production of crude oil in the Middle East will be due to the uptrend in the oil production in the coming years and the activation of oil rigs in the region, resulting in high demand for ball valves.

Market for cryogenic material to grow at the highest CAGR during the forecast period

The ball valves market for cryogenic material is expected to witness the highest growth during the forecast period. Uptrend in the oil & gas industry and increased focus on cleaner fuels will boost the market for natural gas production and transportation, which, in turn, will boost the demand for cryogenic ball valves during the forecast period. Cryogenic valves are used in the oil and gas industry at a cryogenic temperature starting from –238ºF. The production, transport, and storage of liquefied gases such as oxygen, nitrogen, argon, natural gas, hydrogen, or helium present several technical problems. This demand generates the need for cryogenic material to handle cryogenic temperature safely.

Browse in-depth TOC on "Ball Valves Market"

72 – Tables
50 – Figures  
150 – Pages  

APAC expected to hold largest share of ball valves market in 2019

APAC is expected to hold the largest share of the ball valves market in 2019. The growth is mainly attributed to the numerous initiatives taken by the government to encourage the implementation of IoT in the companies in APAC. The dense population; the presence of automotive, chemical, pharmaceutical, oil and gas, and metal and mining industries in the region; and the growing per capita income with increasing industrialization are the major factors driving the growth of the ball valves market in APAC.

Get 10% Free Customization on this Report:

A few key players operating in the ball valves market are Emerson (US), Flowserve corporation (US), Cameron Schlumberger (US), Metso (Finland), and IMI PLC (UK).

Please Explore Relevant Reports:

Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023 

Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024 

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Research Insight: 
Visit Our Web Site:

Voltar noticias em Inglês