New Analysis from Global Industry Analysts Reveals Steady Growth for Ball Valves, with the Market to Reach $15 1 Billion Worldwide by 2026 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Global Ball Valves Market Industry Growth, Trends, Top Organizations and Forecast 2026
Evertise
According to IMARC Group s latest report, titled
Ball Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 , The
global ball valves market grew at a CAGR of around 6% during 2015-2020. Ball valves are quarter-turn valves consisting of hollow, perforated, and pivoting balls that are generally used for pressure and flow control and for shutting off liquids and gases. These valves are open when the hole is in the flow line and are shut when the hole is rotated by the handle of the valve at ninety degrees. They are durable, reliable, and can perform many cycles even after a long period of disuse.
Market Analysis
Solenoid valves are used in proportional control technology, which is ideal for precise performance in variable pressure or flow applications. Equipment designers find solenoid valves less complicated than other technologies, providing dependable, cost-effective, compact solutions for faster response and consistent control. Solenoid valves find vast applications in the automobile, chemical & petrochemical, food & beverages, and other industries. With the spurring rise in the above-mentioned end-user industries, the solenoid valve markets worldwide are garnering significant traction. According to Market Research Future (MRFR),
the global solenoid valves market size is projected to reach approx USD 4.6 Billion by 2026, growing at a 3.3% CAGR during the forecast period
Posted on 595
ResearchAndMarkets.com’s offering.
The global ball valves market was valued at USD 8.1 billion in 2020 and is projected to reach USD 14.7 billion by 2025. It is expected to grow at a CAGR of 12.5% during the forecast period.
Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants projects and upgrade existing ones are the key driving factors for the ball valves market.
“Based on the size, ball valves sized 1″ to 6″ to account the largest share during 2020-2025”
Global Ball Valves Market Report 2020-2025 with COVID-19 & Oil Price Crisis Impact Analysis - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The global ball valves market was valued at USD 8.1 billion in 2020 and is projected to reach USD 14.7 billion by 2025. It is expected to grow at a CAGR of 12.5% during the forecast period.
Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants projects and upgrade existing ones are the key driving factors for the ball valves market.