Global Ball Valves Market
Global Ball Valves Market
By Size (Up to 1”, 1”–6”, 6”–25”, 25”–50”, 50” and above), Type (Floating, Rising Stem, Trunnion Mounted), Material (Cryogenic, Alloy, Cast Iron, Stainless Steel), Vertical, and Regional Market Size, Status and Forecast to 2025
The Global Ball Valves Market was valued at USD 11.82 billion in 2016 and is projected to reach USD 15.22 billion by 2025, growing at a CAGR of 2.85% from 2017 to 2025.
A Ball Valve is a form of quarter-turn valve which uses a hollow, perforated and pivoting ball to control flow through it. It is open when the ball's hole is in line with the flow and closed when it is pivoted 90-degrees by the valve handle. Benefits of ball valve include – high efficiency, affordability, increased durability, easy to use, strong, versatile, and simple to repair.
1. Market Drivers
1.1 Rising energy consumption
1.2 Increasing manufacturing industry
1.3 Rising demand for process safety
1.4 Modernization of process plant
2. Market Restraints
2.1 Lead Time
2.2 Declining mining industries
The Global Ball Valves Market is segmented on the size, type, material, vertical, vertical, and region.
1.1 Up to 1”
1.5 50” and above
2. By Type:
2.2 Rising Stem
2.3 Trunnion Mounted
3. By Material:
3.3 Cast Iron
3.4 Stainless Steel
4. By Vertical:
4.2 Building & Construction
4.3 Oil & Gas
4.4 Energy & Power
4.6 Water & Wastewater
4.7 Food & Beverage
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Flowserve Corporation
2. Crane Co.
3. Kitz Corporation
4. Neway Valves Co. Ltd.
5. Weir Group PLC
6. Curtiss-Wright Corporation
7. Apollo Valves
8. Valvitalia S.P.A
9. Alfa Laval
10. Burkert Fluid Control Systems
11. IMI PLC.
12. Cameron–Schlumberger Ltd.
13. Velan Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Ball Valves Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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