Ball Valve Market Status and Forecast, by Players, Types and Applications

According to the new research report published by The Insight Partners, titled "Ball Valve Market - Global Analysis and Forecast to 2025", the global ball valve market is expected to reach US$ 12.89 billion in 2025, registering a CAGR of 2.44% during the forecast period 2017 to 2025.

Ball Valve is a spherical closure unit, which enable on and off control of flow. Two-way ball valves are considered to be the most common and highly used ball valves. Two-way ball valves enables flow to travel straight from the inlet to the exit. Moreover, three-way and four-way ball valves enable the flow to travel in several directions, which includes 90 degree angles. Based on general body styles, ball valves can be categorized into four i.e. fully welded, split body, side or end-entry and top-entry. The body styles are differentiated based on the manufacture and assembly of the valve pieces. However, the function of all these valves are same in each type but each design has their own benefits.

In 2016, North America accounted for the second largest revenue share of little more than one-fourth of the total market share, followed by Europe.

The growth of ball valve is highly dependent upon the growth of industries such as oil & gas, chemical, power, mining, refining. Apart from these industries, the ball valves are used in ships, fire safety protection services, nuclear power generation, etc. Globally the manufacturing industry is anticipated to pertain its growth, as newer and innovative technologies plunge into these industries.

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Global Ball Valve Market Segments:

Ball Valve Market - By Type

• Rising Stem Ball Valve
• Floating Ball Valve
• Trunnion Mounted Ball Valve

Ball Valve Market - By Material

• Stainless Steel
• Cryogenic
• Cast Iron
• Alloy
• Others

Ball Valve Market - By End-user Vertical

• Water Management
• Oil & Gas
• Chemicals
• Pharmaceuticals
• Energy & Power
• Others

India Ball Valve market is expected to grow at a CAGR of 3.56% during the forecast period 2017 - 2025. India is one of the most rapidly developing nation around the globe. This industrial development in the country is highly influenced by the various government initiatives promoting the growth of industrial sector in the country. Although the country's economic graph has remained rough, the country's industrial sector is spurring at a significant rate. Also, the country comprises a huge fragment of unorganized sector that make use of ball valves for the purpose of fluid & gas control, which further contributes significantly to the market.

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Geographically the market is presently dominated by developed regions like North America and Europe, however the market is expected to be in favor of Asia Pacific, as the region is anticipated to witness tremendous industrialization over the coming years. The overall ball valve market is very much fragmented with top ten leading players capturing only 30% of total market. Some of the major players having global market share are Emerson, Flowserve, Cameron, IMI PLC, and Metso among others.

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Key findings of the study:

• From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 3.09% during the forecast period
• Based on type, the trunnion mounted ball segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 2.84%
• The surge in spending towards deep sea exploration and beginning of production from oil reserves projects to boost the oil & gas segment market growth globally thereby registering a CAGR of 2.80%

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.