Europe Ball Valve Market Forecast to 2028– COVID-19 Impact and Regional Analysis– by Type (Rising Stem, Floating, and Trunnion Mounted); Material (Stainless Steel, Cast Iron, Cryogenic, Alloy, and Others); End-Use Industry (Water Management, Oil & Gas, Ch

Europe Ball Valve Market Forecast to 2028– COVID-19 Impact and Regional Analysis– by Type (Rising Stem, Floating, and Trunnion Mounted); Material (Stainless Steel, Cast Iron, Cryogenic, Alloy, and Others); End-Use Industry (Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power, and Others); and country

The Europe Ball Valve market is expected to grow from US$ 3,843.90 million in 2023 to US$ 4,696.20 million by 2028. It is estimated to grow at a CAGR of 4.1% from 2023 to 2028.

Rising Demand for Ball Valves in Oil & Gas Industry Fuel Europe Ball Valve Market

In the oil & gas industry, ball valves help ensure the safe and efficient operation of various processes in upstream, midstream, and downstream sectors. Ball valves regulate fluid flow, maintain pressure and temperature levels, and provide isolation and control for various industrial applications where liquids are involved such as in the pipeline and distribution infrastructure. In the oil & gas industry, ball valves are used in pipeline systems transporting and distributing crude oil, natural gas, and other refined products, as they provide tight shutoff, high flow capacity, and quick operation. As these valves provide high performance for high-pressure conditions and supply tight sealing and emergency shutoff, they are considered a suitable solution for a wellhead control system to manage oil and gas flow from production wells. Also, they are used to isolate wellheads during drilling, completion, and production phases to ensure safety and control over the flow of oil and gas.

Europe Ball Valve Market Overview

Governments of European countries are laying out new legislation that would require cosmetics manufacturers to contribute to the cost of wastewater treatment means the European government is focusing on wastewater treatment. Such government initiatives are increasing the adoption of ball valves.

Europe Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

Europe Ball Valve Market Segmentation

The Europe Ball Valve market is segmented into type, material, end-users and country.

Based on type, the Europe Ball Valve market is segmented into Rising Stem, Floating, and Trunnion Mounted. The Trunnion Mounted segment held a larger share of the Europe Ball Valve market in 2023.

Based on material, the Europe Ball Valve market is segmented into Stainless Steel, Cast Iron, Cryogenic, Alloy, and Others. The Stainless-Steel segment held the largest share of the Europe Ball Valve market in 2023.

Based on end user, the Europe Ball Valve market is segmented into Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power, and Others. The Chemicals segment held the largest share of the Europe Ball Valve market in 2023.

Based on country, the Europe Ball Valve market is segmented into the Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Germany dominated the share of the Europe Ball Valve market in 2023.

Velan Inc; Neway Valve Suzhou Co Ltd; KITZ Corp; IMI Plc; Flowserve Corp; Crane Co; Emerson Electric Co; Schlumberger NV; and Valvitalia SpA are the leading companies operating in the Europe Ball Valve market.

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