October 12, 2022 12:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES Cast Iron Check Valve
NEWARK, Del, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The North America Residential Ball Valves Market is expected to reach US$ 321.2 Mn in 2022, growing at a CAGR of 5.6% from 2022 to 2032, according to Future Market Insights analysis.
The market for residential ball valves witnessed growth for the last few years, primarily due to growing residential construction activities, part of which goes to remolding activities. The U.S. and Canada have a developed residential infrastructure, therefore, remolding activities in which old homes are renovated account for a significant share of construction activities. However, the steady increase in the population and increased urbanization have resulted in a moderate increase in new residential construction like apartments and condominiums, which has been optimistically impacting the market for ball valves for residential applications.
The FY2020, the market for residential ball valves witnessed decline in sales, part of which was due to decreased demand. However, the market showed v-shaped recovery in FY2021 and demand went to pre COVID levels, but since China was suffering from lockdowns and COVID protocol at that time, which caused significant supply constraints and this factor increased the raw material cost for the time being.
Get Access To Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-15644
Key Takeaways of Residential ball valves Market Study
Growth in population, urbanization and remolding activities will increase the residential activities within North America region and this is anticipated to escalate demand for ball valves for residential application in the region.” says Future Market insights analyst
https://www.futuremarketinsights.com/reports/north-america-residential-ball-valves-market
The market is moderately concentrated, with top players accounting for no more than 36% of market revenue in 2021. The unorganized sector includes both European and Chinese brands, which sell their products through local dealers and distributors. European brands depend on their high durability, whereas Chinese brands' USP remains their significantly lower pricing.
The ASC Engineered Solutions., Danfoss A/S, Apollo Valves, Parker Hannifin, Zurn Industries LLC and Legend Valves. are a few of the market's major participants.
More Insights into the Residential ball valves Market Report
In its latest report, Future Market Insights offers an unbiased analysis of the North America Residential Ball Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on by material type, by valve type, by diameter, by end use and by country.
Customization Report Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-15644
About Future Market Insights – Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.
3.1. Key Trends Impacting the Market
5. North America Ball Valves Market Demand Analysis 2017–2021 and Forecast, 2022–2032
5.1. Historical Market Volume (000' Units) Analysis, 2017–2021
5.2. Current and Future Market Volume (000' Units) Projections, 2022–2032
Request a Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-15644
Explore Our Trending Reports of FMI's Industrial Automation Market Insights Landscape
Charge Controller System Market - The charge controller system market is likely to secure a CAGR of 5.6% during the forecast period. The market is projected to be valued at US$ 3,241.5 Million in 2022 and is likely to be valued at US$ 5,568.8 Million by 2032. Asia Pacific Industrial Pumps Market - The Asia Pacific Industrial Pumps market share is projected to reach US$ 39.3 Bn in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.
Middle East Conveyor Belts Market - The Middle East conveyor belts market is expected to grow at a CAGR of 4.6% during the forecast period. The market valuation as on 2022 stands at US$ 207.57 bn, and by 2032,
Water Leak Sensors Market - The global water leak sensors market is forecasted to be appraised at US$ 3,462.4 Mn by 2032, up from US$ 1,777.6 Mn in 2022, advancing at a CAGR of 6.9% during the forecast period
Valve Grinder Market - The global sales of valve grinder are projected to grow at around 3% to 5% CAGR between 2022 and 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
4 Inch Butterfly Valve Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com