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

The water and wastewater industry's ever-growing needs are a big reason the market's doing so well. Think about itball valves are essential in all sorts of wastewater jobs, from influent control to sludge and even backflow prevention. Then, the pandemic hit, reminding everyone how crucial sanitation and hygiene are, and that's put even more focus on water and wastewater treatment, especially in North and Latin America. Plus, the food and beverage industry's wanting more and more ball valves, which is helping things along, too. On the flip side, it's not all sunshine and roses. The fact that ball valve manufacturing isn't always consistent and standardized, and that other types of valves could take their place, are definitely holding the market back a bit.

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

We dig into the market using both qualitative and quantitative methods, breaking it down into segments based on money stuff and other things that influence people. We'll give you the market value (in USD Billion) for every segment and sub-segment we find. You'll also see which region and segment we think will grow the fastest and be the biggest. We'll look at different regions and show you how much of the product/service people are using and what's impacting the market there. Plus, we've got a competitive landscape section with rankings of the big players, their new stuff, partnerships, expansions, and acquisitions from the last five years. We'll give you extensive company profiles, including an overview, insights, product comparisons, and a SWOT analysis for the major players. You'll get our take on the current and future market, with a look at recent changes, opportunities, drivers, and challenges in both new and established areas. We'll even dive deep with a Porter's five forces analysis and give you a Value Chain view to really understand the market. Expect a breakdown of market dynamics and where we see growth opportunities heading. Oh, and don't forget the 6-month analyst support after the sale!

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