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World Market for Ball Valves: English Market Research Report

World Market for Ball Valves: English Market Research Report

Global Ball Valves Market

The global market size for ball valves is expected to reach 16.7 billion USD by 2028, with a projected CAGR of 4.8% during the forecast period. A type of valve known as a "ball valve," which operates with a quarter turn, contains a hollow, perforated, rotating ball that can control the flow of fluid passing through it. The valve is open when the hole in the ball aligns with the flow, and it closes when the valve handle rotates the hole 90 degrees. Additionally, when the handle is open, it is flat in line with the flow, and when closed, it is vertical. Ball valves are characterized by their long lifespan, high reliability, secure sealing, and continued normal operation even after long periods of disuse. Designed to leverage these features, ball valves can accommodate a variety of applications. The valve handle is positioned flat against the flow when open and vertical against the flow when closed, making it easy to visually confirm the valve's status.

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[English Market Research Report] Ball Valve Market

[English Market Research Report] Ball Valve Market

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The ball valve market is projected to reach 22 billion USD by 2028, up from 15.1 billion USD in 2022, with a CAGR of 5.8% expected from 2023 to 2028. Ball valves are used in refineries and gas processing facilities. In gas processing facilities, ball valves are employed to control the flow of natural gas during various processing stages such as separation, dehydration, and sweetening. In refineries, they control the flow of crude oil and refined products during distillation, cracking, and blending processes. Furthermore, ball valves are used in storage and distribution facilities to manage the flow to storage tanks and other containers in the oil and gas sector. These valves provide tight shut-off and can withstand harsh operating conditions, making them an ideal solution for storage and distribution applications. Additionally, ball valves are used on offshore oil and gas platforms to turn the flow of hydrocarbons and other fluids on and off during production and drilling activities. Thus, the increasing use of ball valves in various applications within the oil and gas industry is driving the growth of the ball valve market.

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World Market for Ball Valves: English Market Research Report

World Market for Ball Valves: English Market Research Report

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Value Market Research has conducted an in-depth study of the global ball valve market and anticipates significant growth in the industry over the coming years. This research report provides a comprehensive industry analysis of the global ball valve market, including market size, market share, growth trends, and forecasts from 2023 to 2028. The report begins with a detailed market introduction and an executive summary highlighting the key growth figures of the report. The following chapters discuss the market's value chain, Porter's Five Forces model, and market attractiveness analysis. Additionally, a dedicated chapter on the impact analysis of COVID-19 is included to understand how the market has responded to the pandemic.

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【English Market Research Report】Global Market for Ball Valves

【English Market Research Report】Global Market for Ball Valves

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The global ball valve market is expected to grow from 12.66 billion USD in 2022 to 13.14 billion USD in 2023, with a CAGR of 3.76%. The Russia-Ukraine war has disrupted the potential for global economic recovery from the COVID-19 pandemic, at least in the short term. This war between the two countries has led to economic sanctions on multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and impacting many markets worldwide. The ball valve market is projected to grow to 15.22 billion USD by 2027, with a CAGR of 3.75%.

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