North America And Latin America Ball Valves Market Size By Type (Trunnion Mounted Ball Valves, Rising Stem Ball Valves, and Floating Ball Valves), By Size (Up to 1”, 1”–6”, 6”–25”, 25”–50”), By Application (Oil & Gas, Water and Wastewater, Chemicals, Energy & Power, Building & Construction), By Geographic Scope And Forecast

North America And Latin America Ball Valves Market Size And Forecast

North America And Latin America Ball Valves Market size was valued at USD 4,186.13 Million in 2019 and is projected to reach USD 5,498.50 Million by 2027, growing at a CAGR of 7.50% from 2020 to 2027.

Rising demand from the water & wastewater industry is a key element that has boosted the growth of the market. North America And Latin America report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America And Latin America Ball Valves Market Definition

Ball valves are mechanical devices utilized to restrict or allow the passage of liquid or gasses in a piping system. Ball valves are also known as the quarter-turn valves as they are turned 90 degrees of rotation to operate the valve position from fully open to close or vice versa. They provide a low head characteristic as the port can match the pipe diameter. They offer impressively longer durability and service life, along with the full-proof sealing, making them a popular choice for shutoff applications.

It is made of several primary components such as valve body, ball flow control, valve seats, valve stem, packing, bonnet, and actuator. Ball valves are used in the pipeline of several production processes of various sectors such as oil & gas, chemicals, energy & power, water and wastewater, building & construction, and others. Ball valves are also used in residential and commercial buildings. They can effectively be used to handle material ranging from liquids, gases, chemicals, fuels, water, food, and beverages, with an appropriate vale size selection.

North America And Latin America Ball Valves Market Overview

Rising demand from the water & wastewater industry is a key element that has boosted the growth of the market. Ball valves are used in various wastewater functions such as influent control, sludge, digester control, lime addition, digester gas, backflow prevention, effluent discharge, and CSO/SSO systems. The current pandemic has led to the increased importance of the sanitation and hygiene infrastructure leading to an increased focus on water and wastewater treatment in both North America and Latin America. Furthermore, increasing demand for ball valves in the food & beverages industry is another factor that has triggered the market growth. However, lack of uniformity & standardization in ball valves manufacturing and the rising threat of replacement from other valves are the factors that are limiting the expansion of the ball valves market.

North America And Latin America Ball Valves MarketSegmentation Analysis

The North America And Latin America Ball Valves Market are segmented on the basis of Type, Size, Application, and Geography.

North America And Latin America Ball Valves Market, By Type

• Trunnion Mounted Ball Valves• Rising Stem Ball Valves• Floating Ball Valves

To Get Summarized Market Report By Type-

Based on Type, the market is bifurcated into Trunnion Mounted Ball Valves, Rising Stem Ball Valves, and Floating Ball Valves. Trunnion Mounted Ball Valves accounted for the largest market share in 2019. Growth in energy consumption, new production technologies, demand for process safety, increasing focus on sustainability, and environmental regulations are likely to boost the trunnion ball valves market growth,

North America And Latin America Ball Valves Market, By Size

• Up to 1”• 1”–6”• 6”–25”• 25”–50”• 50” and Above

To Get Summarized Market Report By Size-

Based on Size, the market is bifurcated into Up to 1”, 1”–6”, 6”–25”, 25”–50”, and 50” and Above. 1”–6” accounted for the largest market share in 2019. Sizes from 1″ to 6″ in automotive applications and machining and hydraulic systems are ideal for reducing fluid leakage and energy loss. The market is expected to grow due to the increasing scope of end-user industries and increasing investments in Plant establishment and raw material used.

North America And Latin America Ball Valves Market, By Application

• Oil & Gas• Water and Wastewater• Chemicals• Energy & Power• Building & Construction• Others

To Get Summarized Market Report By Application-

Based on Application, the market is bifurcated into Oil & Gas, Water and Wastewater, Chemicals, Energy & Power, Building & Construction, and Others. Oil & Gas accounted for the largest market share in 2019. The market for ball Valves in North America and Latin America is expected to grow owing to high demand and applicability in Oil and Gas sector.

North America And Latin America Ball Valves Market, By Geography

• North America• Latin America

On the basis of Regional Analysis, the market is bifurcated into North America and Latin America. North America is expected to hold the largest market share of the Ball Valves Market over the forecast period. The efficient utilization of ball valves in the piping application of the different sectors in the region is driving the market growth in North America. Furthermore, the recent increase in demand for hand sanitizers and toiletries has boosted the chemical industry production, leveraging a new demand for ball valves in the regions.

Key Players

The “North America And Latin America Ball Valves Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Emerson, Flowserve Corporation, Crane Co., Cameron–Schlumberger Ltd., IMI Plc., Kitz Corporation, Metso, Neway Valves Co. Ltd., Velan Inc., Weir Group Plc., Control Associates, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

Key Developments by Major Key Players in the market are as given below.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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