Press release
Ball Valve Market Growth Factors, Regional Analysis, Key Players and Forecasts to 2025
The Insight Partners
Ball valve market is expected to grow US$ 12.89 billion by 2025 from US$ 10.38 billion in 2016. 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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One of major driving factor surging the growth of ball valve is high growth in industries such as oil & gas, power, mining, chemical, refining. Increasing urbanization in developing economy results in increased demand for oil & gas supply. Ball valves are also used in fire safety system, ships and nuclear power generation etc. In addition to this there are several other factors driving the market for ball valve are affordability, efficiency, durability, easy to use, versatile, easy to use and simple to repair. However, the factors hindering the growth of ball valve market are poor throttling characteristic and wear & tear. Increasing demand for industrialization, manufacturing industry is expected to boost the market over the forecasted period.
The growth of Ball valve market 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. The oil & gas industry is one of the major customers of ball valves.
Ball valve market by end-user vertical is segmented into water management, oil & gas, chemicals, pharmaceuticals, energy & power and others. The increasing urbanization in developing economies as well as developed economies have resulted in increased demand for oil & gas supply. Also, new exploration of natural gases throughout the globe and resulted in construction of new pipeline infrastructure as well as refinery and storage solutions.
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The overall Ball valve market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Ball valve market.
Ball Valve Key Players:
Cameron Schlumberger Inc.
Crane Co.
Curtiss Wright Corporation
Emerson Electric Co
Flowserve Corporation
IMI Plc
KITZ Corporation
Metso Corporation
Valvitalia SpA
Velan Inc
View Complete Report at http://www.theinsightpartners.com/reports/ball-valve-market
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About The Insight Partners
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 are a specialist in Technology, Media, and Telecommunication industries.
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