Ball Valves Global Market Research Report Forecast to 2024: by Emerson Electric, Weir Group, MRC Global, Swagelok, Alfa Laval, Curtiss-Wright, Velan, Inc., Neway Valve, Metso, KITZ CORPORATION, IMI plc, Crane Co., Flowserve, Others
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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.
Global Ball Valves Market, By Type (Floating, Rising Stem, Trunnion Mounted, Others) By Material Type (Alloy Based, Bronze, Brass, Steel, Cryogenic, Cast Iron, Others), By End-user (Chemicals, Food & Beverage, Pharmaceuticals, Building & Construction, Aerospace & defense, Oil & Gas, Water & Wastewater, Energy & Power, Utilities, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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.
Ball Valves Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
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On the basis of type:
• Synchronous Floating
• Rising Stem
• Trunnion Mounted
On the basis of material used:
• Alloy Based
• Cast Iron
On the basis of end-user:
• Food & Beverage
• Building & Construction
• Aerospace & defense
• Oil & Gas
• Water & Wastewater
• Energy & Power
On the basis of geography:
• North America
• South America
• Middle East & Africa.
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.
Report 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
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.
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