Report ID : 1314549 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Electrically Actuated Ball Valves Market is categorized based on Type (Electric Actuated Ball Valve, Pneumatic Actuated Ball Valve) and Material (Stainless Steel, Carbon Steel, Plastic, Alloy, Bronze) and End-Use Industry (Oil & Gas, Water & Wastewater, Chemical, Power Generation, Food & Beverage) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The market size of Electrically Actuated Ball Valves Market, valued at $1.2 billion in 2023, is projected to reach $2.5 billion by 2033, expanding at a CAGR of 7.5% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.
Global Electrically Actuated Ball Valves Market was valued at USD 5 Billion in 2021 and grow at a compound annual growth rate (CAGR )of 5.00 percent between 2022 to 2028 and is projected to reach USD 7 Billion by 2028. The galvanic electronic controlled ball valves market is participating a greater development due to the increasing adoption of automation in primary industries, as the segments make most of their focus in energy but water, hydrocarbons, chemical, HVAC applications, among others. They through this method enhance precision and reliability which makes them a necessary fit for almost all modern industrial practices increasing volume of business while cutting down operational costs.
As businesses focus on maximising deliverable capacity and becoming sustainable companies, the chances of investing in electronically actuated ball valves went up. With the evolution of valves integrating smart technologies and IoT capabilities, the market scope further increases due to the fact that these devices can now be monitored in real-time, as well as operated remotely. Furthermore, an increased focus on safe practices and environmental regulation compliance requires industries to promote enhanced valve arrangements that comply with high-performance requirements.
With such a fast changing marketplace, the understanding of consumer behavior and the technological outlook remains paramount for the stakeholders in this industry. This Electric Gonio Valves Market report highlights the key reasons to keep an eye on the trends, challenges, and opportunities to tap into the Electrically Actuated Ball Valves Market with the company’s eyes on competition and market change.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Emerson Electric Co., Flowserve Corporation, Kitz Corporation, Parker Hannifin Corporation, Honeywell International Inc., Schneider Electric SE, Siemens AG, Valmet Corporation, Cameron International Corporation, Pentair PLC, Crane Co. |
SEGMENTS COVERED |
By Type - Electric Actuated Ball Valve, Pneumatic Actuated Ball Valve By Material - Stainless Steel, Carbon Steel, Plastic, Alloy, Bronze By End-Use Industry - Oil & Gas, Water & Wastewater, Chemical, Power Generation, Food & Beverage By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
The Electrically Actuated Ball Valves Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
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