Global Ball Valves Market Size and Forecast to 2025 | Growth, Future, Verticals & Insights

Market Analysis:

According to Verified Market Intelligence, the Global Ball Valves Market was valued at USD 11.37 billion in 2017 and is projected to reach USD 14.08 billion by 2025, growing at a CAGR of 2.7% from 2018 to 2025.

Valve can be defined as a device which regulates the flow of fluid or air through a duct or pipe. It has a characteristic of either opening and closing it completely or partially obstructing it. Valves can have a metal or plastic body. There are various kinds of valves such as butterfly, cock or plug, gate, globe, needle, poppet, and spool. Ball valves has a simplified structure with a spherical ball on two sides of sealing.

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Competitive Landscape:

The major players in the market are as follows:
1. EMERSON
2. FLOWSERVE CORPORATION
3. CRANE CO.
4. CAMERON–SCHLUMBERGER LTD
5. IMI PLC
6. KITZ CORPORATION
7. METSO
8. NEWAY VALVES CO. LTD
9. VELAN INC
10. WEIR GROUP PLC
11. BURKERT FLUID CONTROL SYSTEMS
12. CURTISS-WRIGHT CORPORATION
13. ALFA LAVAL
14. APOLLO VALVES
15. VALVITALIA S.P.A

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The ball valve has one, two or three piece designs. Ball valves used to be actuated manually by a means of straight handle but now manufacturers have launched separated electric actuators which can be mounted on the top of the valve. Ball valves thus, have a wide applications in oil and gas industry, aerospace industry, food and beverage industry and many more.

Increasing applications of ball valve in oil and gas industry and rapid modernization of process plant in terms of their equipment and mode of facilitation has been driving the global ball valves market. Apart from this, increase in the raw materials costing and installation charges might hamper the market and act as a restraint for the market at a global level.

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