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Ball Valves Market - 2018 Leading Companies and Key Country Analysis: Metso, Neway Valves Co. Ltd., Velan Inc., Weir Group PLC, Burkert Fluid Control Systems, Swagelok Company, MRC Global Inc., Emerson Electric Company
Ball Valves Market
Global Ball Valves Market competition by top players include - Emerson, Flowserve Corporation, Cameron–Schlumberger Ltd., Crane Co., IMI PLC., Kitz Corporation, Metso, Neway Valves Co. Ltd., Velan Inc., Weir Group PLC, Burkert Fluid Control Systems, Curtiss-Wright Corporation, Alfa Laval, Apollo Valves, Valvitalia S.P.A , Alfa Laval AB, Swagelok Company, MRC Global Inc., Emerson Electric Company, Weir Group, among others. In 2017, Emerson acquired Pentair Valves & Controls, which will integrate into its automation solutions platform.
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A ball valve is a form of quarter-turn valve which uses a hollow, perforated and pivoting ball (floating ball) to control flow through it. The Ball Valves is being used in the various sectors such as aerospace & defense, oil and gas industry and among them. The market of ball valve is growing because of various factors such as evolution of IOT and developments in automation ecosystem such as mergers & acquisitions, collaborations, increasing demand for industrialization in emerging economies, and demand for process safety. The Asia-pacific is the fastest growing in this market due to increasing development in these countries.
Global Ball Valves Market accounted to USD 12.0 billion in 2016 growing at a CAGR of 3.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Based on geography, the market is segmented into 5 geographical regions -
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Report Segmentation:
On the basis of type the Ball Valves Market is segmented into:
• Synchronous Floating
• Rising Stem
• Trunnion Mounted
• Others
On the basis of material used the Ball Valves Market is segmented into:
• Alloy Based
• Bronze
• Brass
• Steel
• Cryogenic
• Cast Iron
• Others
On the basis of end-user the Ball Valves Market is segmented into:
• Chemicals
• Food & Beverage
• Pharmaceuticals
• Building & Construction
• Aerospace & defense
• Oil & Gas
• Water & Wastewater
• Energy & Power
• Utilities
• Others
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Market Drivers and Restraints:
• Process Plant Modernization
• Increase in Energy Consumption
• Increasing Manufacturing Industry
• Demand for Process Safety
• Slowdown of the Mining Industry in APAC, Latin America, and Africa
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