Process and Control Today | Samson Controls (London) Ltd pandct.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pandct.com Daily Mail and Mail on Sunday newspapers.
(MENAFN - Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 19, 2021, 08:15 /Comserve / Players profiled in this report are Emerson Electric Co. (US), Flowserve Corporation (US), CameronâSchlumberger Ltd.(US), Crane Co.(US), IMI Plc.(Finland) , Kitz Corporation (Japan)
Increasing demand for ball valves from the oil & gas and energy & power industries drives market growth. The ball valves market is expected to grow at a CAGR of 3.75 % from 2019 to 2024, to reach USD 15.2 billion by 2024 from USD 12.6 billion in 2019. Need for ball valve replacement, growth in energy consumption, increasing industrialization, urbanization, and smart city initiatives across the globe are among the key driving factors for the ball valves market. Integration of IIoT-enabled ball valves to avoid unexpected downtime, use of 3D printers in manufacturing lines, increase in the number of refineries, and petrochemicals and chemicals plants worldwide are fueling the growth of the ball valves market. Ho
Ball Valves Market Is Expected To Grow At A CAGR Of 3 75 %, To Reach USD 15 2 Billion By 2024 From USD 12 6 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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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for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants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.