Press release
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 TOP KEY PLAYERS ARE FLOWSERVE CORPORATION , CRANE CO. , KITZ CORPORATION , NEWAY VALVES
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.
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Sample Infographics:
Market Dynamics:
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
Market Segmentation:
The Global Ball Valves Market is segmented on the size, type, material, vertical, vertical, and region.
1. Size:
1.1 Up to 1”
1.2 1”–6”
1.3 6”–25”
1.4 25”–50”
1.5 50” and above
2. By Type:
2.1 Floating
2.2 Rising Stem
2.3 Trunnion Mounted
3. By Material:
3.1 Cryogenic
3.2 Alloy
3.3 Cast Iron
3.4 Stainless Steel
3.5 Others
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4. By Vertical:
4.1 Pharmaceuticals
4.2 Building & Construction
4.3 Oil & Gas
4.4 Energy & Power
4.5 Chemicals
4.6 Water & Wastewater
4.7 Food & Beverage
4.8 Others
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
Competitive Landscape:
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.
14. Metso
15. Emerson
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.
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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