China’s ball valve market to grow at a high CAGR during reach US$ 1.88 Bn by forecast period 2017-2025

ReportsWeb.com added “Ball Valve Market - Global Trends, 2017 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.

Trunnion mounted ball valves type segment of ball valve market is expected to continue its dominance. The trunnion mounted ball offers lower operating torque of the ball in comparison to floating ball. This helps in reducing the complete cost of value actuation package since, it reduce the size of the actuator when the ball valve is actuated.

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With the increasing industrial developments in China, the economy’s demand for oil consumption has experienced a high increase during the past few years. Despite being one of the top petroleum rich country, China imports oil from other countries. However, till 2015, the country discovered 713 oilfields and 267 gas fields. In the year 2015 itself, 10 new gas fields and 11 new oilfields were put into production. Also, the country’s favorable taxation policies and current energy development plans are attracting foreign oil & gas companies to participate in the country’s developing oil & gas resources. This has resulted in increase in the demand for ball valves by the oil & gas refineries. China is global leader in terms of gross value of industrial output; iron, mining and ore processing, aluminum, steel, and other metals, coal; machine building; petroleum; chemicals; cement and fertilizers. As the economy of china acquires moderate growth rate, the country is expected to invest significantly into development of these industries, subsequently generating opportunities for development of ball valves market..

Global Ball Valve Market Players:

Cameron Schlumberger Inc.
Crane Co.
Curtiss Wright Corporation
Emerson Electric Co
Flowserve Corporation
IMI Plc
KITZ Corporation
Metso Corporation
Valvitalia SpA
Velan Inc

Complete Report is Available at http://www.reportsweb.com/ball-valve-market-to-2025

The report segments the global Ball Valve market as follows:

Global Ball Valve Market - By Type

Rising Stem Ball Valves 
Floating Ball Valves 
Trunnion Mounted Ball Valves

Global Ball Valve Market - By Material

Stainless Steel 
Cast Iron 
Cryogenic 
Alloy 
Others

Global Ball Valve Market - By End-User Verticals

Water Management 
Oil & Gas 
Chemicals 
Pharmaceuticals 
Energy & Power 
Others

Global Ball Valve Market - By Geography

North America 
U.S. 
Canada 
Mexico

Europe 
France 
Germany 
Italy 
Spain 
U.K

Asia Pacific (APAC) 
Japan 
China 
India 
Australia

Middle East & Africa (MEA) 
Saudi Arabia 
U.A.E. 
South Africa

South America (SAM) 
Brazil

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This release was published on openPR.