New York, November 25, 2021/PRNewswire/ - From 2021 to 2026, the ball valve market is expected to grow by USD 5.54 billion. Technavio's latest market research report estimates that the ball valve market will grow at a compound annual growth rate of 10.41%. Some major suppliers in the ball valve market include Amco Industrial Valve, Amtech, Hawa Valves and Tubes Pvt. Ltd., Hyper Valve, Kirloskar Brothers Ltd., Larsen and Toubro Ltd., Proline Industrial Valves, Racer Valves Pvt. Ltd., Steelstrong Valves Pvt. Ltd. and VIP Valves Pvt. Ltd.
2022-2026 Ball Valve Market: Drivers and Challenges The ball valve market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Industrialization, urbanization, and smart city development are receiving increasing attention. Factors such as the growing demand for ball valves in the healthcare industry will provide huge growth opportunities. However, factors such as huge pricing pressure brought about by the supply of local low-priced valves may threaten market growth.
In order to take advantage of current opportunities, market suppliers must gain a foothold in the fast-growing market segment while maintaining their position in the slow-growing market segment. The report provides the latest analysis on current market conditions, the latest trends and driving factors, and the overall market environment.
Ball valve market from 2022 to 2026: 38% of market growth in key regions and revenue-generating segments will come from the Asia-Pacific region. China and India are the main markets for ball valves in this region. During the forecast period, the increasing number of nuclear power plant projects and the upgrading of existing projects will promote the growth of the ball valve market in the Asia-Pacific region.
The increase in the market share of the ball valve in the trunnion-mounted ball valve segment is of great significance to revenue generation. The Technavio report accurately predicts the contribution of all market segments to the growth of the ball valve market.
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Detailed information on the factors that will contribute to the growth of the ball valve market in the next five years
Related reports: The valve market-the valve market has a growth potential of USD 11.85 billion between 2021-2025, and the market growth momentum will accelerate with a CAGR of 4.38%. Download the free sample now!
HVAC valve market-The HVAC valve market is expected to grow by US$1.69 billion between 2021-2025, and the market growth momentum will slow at a compound annual growth rate of 5.60%. Download the free sample now!
Amco Industrial Valves, Amtech, Hawa Valves and Tube Pvt. Ltd., Hyper Valve, Kirloskar Brothers Ltd., Larsen and Toubro Ltd., Proline Industrial Valves, Racer Valves Pvt. Ltd., Steelstrong Valves Pvt. Ltd. and VIP Valves Pvt. Ltd.
Mother market analysis, market growth incentives and obstacles, fast and slow growth market segment analysis, COVID-19 impact and future consumer dynamics, market conditions analysis during the forecast period
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