Ball valve
market is expected to grow US$ 12.89 billion by 2025 from US$ 10.38 billion in
2016. Trunnion mounted ball valves type segment of ball valve market
is expected to continue its dominance. The trunnion mounted ball offers lower
operating torque of the ball in comparison to floating ball. This helps in
reducing the complete cost of value actuation package since, it reduce the size
of the actuator when the ball valve is actuated.
The growth of ball valve is highly dependent upon the growth of
industries such as oil & gas, chemical, power, mining, refining. Apart from
these industries, the ball valves are used in ships, fire safety protection
services, nuclear power generation, etc. Globally, the manufacturing industry
is anticipated to pertain its growth, as newer and innovative technologies
plunge into these industries. The oil & gas industry is one of the major
customers of ball valves.
Ball valve market by end-user vertical is segmented into water
management, oil & gas, chemicals, pharmaceuticals, energy & power and
others. The increasing urbanization in developing economies as well as
developed economies have resulted in increased demand for oil & gas supply.
Also, new exploration of natural gases throughout the globe and resulted in
construction of new pipeline infrastructure as well as refinery and storage
solutions.
Global
Ball Valve Market Players:
Cameron
Schlumberger Inc.
Crane Co.
Curtiss Wright Corporation
Emerson Electric Co
Flowserve Corporation
IMI Plc
KITZ Corporation
Metso Corporation
Valvitalia SpA
Velan Inc
Crane Co.
Curtiss Wright Corporation
Emerson Electric Co
Flowserve Corporation
IMI Plc
KITZ Corporation
Metso Corporation
Valvitalia SpA
Velan Inc
Reason To Buy :
Save
and reduce time carrying out entry-level research by identifying the growth,
size, leading players and segments in the global ball valve market
- Highlights key business priorities in order
to assist companies to realign their business strategies
- The key findings and recommendations
highlight crucial progressive industry trends in the global ball valve market,
thereby allowing players across the value chain to develop effective long-term
strategies
- Develop/modify business expansion plans by
using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and
outlook coupled with the factors driving the market, as well as those hindering
it
- Enhance the decision-making process by
understanding the strategies that underpin commercial interest with respect to
client products, segmentation, pricing and distribution
The
overall market size has been derived using both primary and secondary source.
The research process begins with an exhaustive secondary research using
internal and external sources to obtain qualitative and quantitative
information related to the market. Also, primary interview were conducted with
industry participants and commentators in order to validate data and analysis.
The participants who typically take part in such a process include industry
expert such as VPs, business development managers, market intelligence managers
and national sales managers, and external consultant such as valuation experts,
research analysts and key opinion leaders specializing in the ball valve
industry.
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