Ball Valves Market Detail Analysis Focusing on Key Players like Weir Group, Emerson Electric, MRC Global, Swagelok, Alfa Laval, Curtiss-Wright, Velan, Inc., Neway Valve, Metso, KITZ CORPORATION, IMI plc, Crane Co., Flowserve
Global Ball Valve market has product which contains a ball valve in a form of quarter-turn valve which uses a hollow, perforated and pivoting ball (floating ball) to control flow through it. The Global Ball Valve market’s Ball Valves are being used in the various sectors such as aerospace & defense, oil and gas industry and among them. The Ball Valve market is growing because of various factors such as evolution of Internet Of Things (IOT) and developments in automation ecosystem such as mergers & acquisitions, collaborations, increasing demand for industrialization in emerging economies, and demand for process safety.
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Market Analysis: Global Ball Valves Market
The 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 Asia-pacific is the fastest growing in this market due to increasing development in these countries.
Major Market Competitors: Global Ball Valves Market
Some of the major players operating in Ball Valves Market are
• 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.
Major 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
• Industrial valves manufacturers
• Professional services/solutions providers
• Government bodies, venture capitalists, and private equity firms
• Process industry standard organizations and regulatory authorities
• Research institutes and organizations
• Associations of valve manufacturers
• Government bodies, venture capitalists, and private equity firms
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Market Segmentation: Global Ball Valves Market
On the basis of type the Ball Valves Market is segmented into Synchronous Floating, Rising Stem, Trunnion Mounted, Others. The Trunnion Mounted market is expected to grow in the forecasted period.
On the basis of material used the Ball Valves Market is segmented into Alloy Based, Bronze, Brass, Steel, Cryogenic, Cast Iron, Others. The alloy based market is expected to grow in the forecasted period.
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. The Energy & Power market is expected to grow in the forecasted period.
On the basis of geography, Ball Valves Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Key Highlights of Report
• Overview of key market forces propelling and restraining market growth
• Offers a clear understanding of the competitive landscape and key product segments
• An analysis of strategies of major competitors
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
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