Press release
Ball Valves Market Growth Analysis, Business Opportunity, Trends and Key Players Emerson Electric Co., Flowserve Corporation, Schlumberger, Crane Co., IMI Plc, Kitz Corporation, Metso Corporation, Neway valve
Global Ball Valves Market
The Ball Valves Market report is generated with the systematic gathering and analysis of information about individuals or organisations which is conducted through social and opinion research. This global market report additionally encompasses predictions utilizing a practical arrangement of suspicions and techniques. Furthermore, the identity of respondents is kept secret and no promotional approach is made to them while analysing the data. Market research reports like this Ball Valves Market surely helps to reduce business risk and failure. Depending on client’s demand, huge amount of business, product and market related information has been brought together via this report that eventually helps businesses create better strategies.
Global Ball Valves Market is expected to rise from its initial estimated value of USD 12.82 billion in 2018 to an estimated value of USD 16.75 billion by 2026, registering a CAGR of 3.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits associated with Process Plant Modernization.
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Market Definition: Global Ball Valves Market
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 are being used in the various sectors such as aerospace & defence, 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.
Market Drivers:
• High demand for modernized process plant is expected to act as a driver to the market growth
• There is increase in energy consumption due to industrialization, urbanization, and smart city initiatives this is driver for the market.
Market Restraints:
• Lack of standardization in certifications and policies robotics is expected to act as a restraint to the market growth.
Segmentation: Global Ball Valves Market
By Material
• Stainless Steel
• Cast Iron
• Alloy Based
• Cryogenic
• Others
o Brass
o Bronze
o Plastic
By Valve Type
• Trunnion Mounted ball valves
• Floating Ball Valve
• Rising Stem Ball Valve
By Size
• Up to 1”
• 1” to 6”
• 6” to 25”
• 25” to 50”
• 50” and Larger
By Industry
• Oil & Gas
• Energy & Power
• Chemicals
• Water & Wastewater
• Building & Construction
• Pharmaceuticals
• Agriculture
• Metal & Mining
• Paper & Pulp
• Food & Beverages
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
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Key Developments in the Market:
• In December 2018, Emerson acquires Advanced Engineering Valves. Advanced Engineering Valves is a manufacturer of valve technology for LNG industry. By this acquisition Emerson has become biggest player in LNG industry.
• In April 2017, Emerson Acquired Pentair Valves & Controls. By this acquisition Emerson growed globally in automation, chemical, power, refining, mining and oil and gas. Emerson is a global technology and engineering company providing solutions in industrial, commercial, and residential markets.
Competitive Analysis
Global ball valves market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ball valves market for Global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players
Few of the major competitors currently working in ball valves market are -
• Emerson Electric Co.(US),
• Flowserve Corporation (US),
• Schlumberger Ltd. (US),
• Crane Co. (US),
• IMI Plc. (Finland),
• Kitz Corporation (Japan),
• Metso Corporation (Finland),
• Neway valve (China),
• Emerson Electric Co (US),
• Velan Inc.( Canada),
• The Weir Group PLC (UK),
• Burkert Fluid Control Systems (Germany),
• Curtiss-Wright Corporation (US),
• Alfa Laval (Sweden),
• Apollo Valves (US),
• Valvitalia S.P.A (Italy),
• Swagelok Company (US),
• MRC Global Inc. (US),
• Astech Valve Co. Ltd. (Taiwan),
• Cameron International Corporation(US),
• Dwyer Instruments Inc. (US),
• Flomatic Corporation (US),
• Forum Energy Technology (US),
• Among others.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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