According to Market Research Future published research report on Ball Valves market. The Ball Valves is being used in the various sectors such as aerospace & defense, oil and gas industry and among them. The Ball Valves market is characterized by few big market players and several small regional players due to its high competition and presence in the market. The global The Ball Valves market is expected to grow at USD ~$11.56 Billion by 2023, at ~3.2 % of CAGR between 2017 and 2023.
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Market Synopsis:
The recent report published by Market Research Future (MRFR) reveals that the global ball valves market is touted to reach an astounding USD 11.56 billion mark during the forecast period (2017-2023). The report further encompasses drivers and several segments and analyzes them in detail to offer a comprehensive knowledge of the market with reliable predictions. Spurred by the Internet of Things (IoT), transforming industrial milieu in developing countries across the globe is creating a wider expanse for ball valves market to have a solid foundation. Furthermore, its popularity can be measured in terms of people’s preference for safety which can substantially trigger the market growth. The sector is also gaining traction from nuclear power stations and oil & gas industry where the component has multifarious usage.
On a different note, the market can lag due to its susceptibility to wear and tear if exposed to wrong types of fluids such as slurries. At the same time, throttling position can also cause erosion which can impede the market growth. However, the market growth cannot be plateaued for as long as several industries are creating substantial demand for the product. The study indicates that cast iron is expected to grow at the highest CAGR during the forecast period. The cast irons are used in pipes, machines, and automotive industry parts such as cylinder heads, cylinder blocks, and gearbox cases. Whereas, The Oil & Gas sector accounted for the largest share in global ball valves market in 2016.The demand of growing construction of new nuclear power stations and the increasing demand in industries such as oil and gas has prompted the growth & demand of ball valves in forecast period.
Segmentation
The global ball valves market can be segmented by type, port types, material types, size, and end-users. By type, the market includes floating, rising stem, trunnion mounted and others. Based on material type, the market can be segmented into alloy-based, bronze, brass, steel, cryogenic, cast iron, and others. Size-based segmentation reveals up to 1”, 1”–6”, 6”–25”, 25”–50”, 50” and above, and others. Base on end-users, the market includes chemicals, food & beverage, pharmaceuticals, building & construction, aerospace & defense, oil & gas, water & wastewater, energy & power, utilities, and others.
Key players:
The prominent players in the Ball Valves market are Alfa Laval AB (Sweden), Swagelok Company (US), MRC Global Inc. (US), Emerson Electric Company (US), Weir Group (UK), Kitz Corporation (Japan), Velan Inc. (Canada), Curtiss-Wright Corporation (US), Cameron-Schlumberger Ltd.(U.S), Flowserve Corporation (US), Metso Oyj (Finland), Flomatic Corporation (US) and Dwyer Instruments Inc. (US) among others.
Market Research Analysis:
On geographic basis, Ball Valves market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Ball Valves market as the increasing pipeline installations and need for monitoring & controlling from centralized location has boosted the growth & demand of ball valves in this region. Europe is expected to show slower growth rate compared to other regions in the Ball Valves market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing relatively good growth in the Ball Valves market.
On geographic basis, Ball Valves market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Ball Valves market as the increasing pipeline installations and need for monitoring & controlling from centralized location has boosted the growth & demand of ball valves in this region. Europe is expected to show slower growth rate compared to other regions in the Ball Valves market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing relatively good growth in the Ball Valves market.
Industry Updates
In 2017, Habonim launched a range of ball valves all the while giving health and safety the paramount importance. Their products feature locking device that prevents any accidental operations and a spring return handle that enables a safe, easy and economical way of acquisition of samples and draining.
Cameron-Schlumberger Ltd. on the other hand, launched the GROVE IST integrated seat technology ball valve where the product will have a seat-on-ball design, better than the traditional metal-seated ball.
Study Objectives of the Ball Valves Market:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Ball Valves market.
To provide insights about factors affecting the market growth.
To analyze the Ball Valves market-based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective.
To provide country level analysis of the market for segment on the basis of type, port types, material types, size, end users and region.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Ball Valves
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Ball Valves Market: By Types
1.3.2 Global Ball Valves Market: By Material Type
1.3.3 Global Ball Valves Market: By Size
1.3.4 Global Ball Valves Market: By End User
1.3.5 Global Ball Valves Market: By Region
2 Research Methodology
2.1 Research Material Type
2.2 Primary Research
Continued…
LIST OF TABLES
Table 1 Ball Valves Market, By Type
Table 2 Ball Valves Market, By Material Type
Table 3 Ball Valves Market, By Size
Continued…
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LIST OF FIGURES
Figure 1 Research Methodology
Figure 2 Ball Valves Market: By Type (%)
Figure 3 Ball Valves Market: By Material Type (%)
Continued…
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