Ball Valve Market Share, Trends, and Analysis by 2028
Ball Valve Market: Strategic Insights
Ball Valve Market
-
CAGR (2023 - 2028)5.8% -
Market Size 2023
US$ 16.66 Billion -
Market Size 2028
US$ 22.09 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Focus of Industrialization
- Growing demand for reliable flow control
FUTURE TRENDS
- Growth in IoT-enabled ball valves
- Development of energy efficient ball valves
- Increased sustainability focus.
OPPORTUNITIES
- Expansion of renewable energy sector
- Rising demand for customized
- Development of lightweight and compact ball valves
Key Players
- Velan Inc
- Neway Valve Suzhou Co Ltd
- KITZ Corp
- IMI Plc
- Flowserve Corp
- Curtiss Wright Corp
- Crane Co
- Emerson Electric Co
- Schlumberger NV
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Rising Stem
- Floating
- Trunnion Mounted
Material
- Stainless Steel
- Cast Iron
- Cryogenic
- Alloy
End-Use Industry
- Water Management
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power