South America Ball Valve Market

The South America Ball Valve Market is expected to grow from US$ 398.78 million in 2023 to US$ 447.43 million by 2028. It is estimated to grow at a CAGR of 2.3% from 2023 to 2028.   

Rising Demand for Ball Valves in Oil & Gas Industry Fuel South America 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.

South America Ball Valve Market Overview

• In September 2019, IMI plc announced the proposed acquisition of PBM Inc. at US$ 85 million. PBM is a manufacturer of high-quality industrial valves and flow control products. The acquisition will help IMI expand its presence in the pharmaceutical and biotechnology industry.
• In June 2020, OMB Valves SpA acquired BEL Valves S.r.l. Through this acquisition, OMB Valves can expand its production through the Milan facility of BEL Valves. The facility produces API 6D ball and gate valve products, which will help OMB to expand its product portfolio.

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

South America Ball Valve Strategic Insights

Strategic insights for the South America Ball Valve provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Ball Valve Report Scope

South America Ball Valve Regional Insights

The geographic scope of the South America Ball Valve refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The South America Ball Valve Market is segmented into type, material, end-use industry and country.

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

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

Based on end user, the South America 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 South America Ball Valve Market in 2023.

Based on country, the South America Ball Valve Market is segmented into the Brazil, Argentina, and the rest of SAM. The rest of SAM dominated the share of the South America Ball Valve Market in 2023.   

Key players dominating the South America Ball Valve market are Velan Inc; Neway Valve Suzhou Co Ltd; KITZ Corp; Flowserve Corp; Crane Co; Emerson Electric Co; Schlumberger NV