Ball Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- December 2033
- 0 pages
Ball Valves Market: Overview
A Ball valve is a type of quarter-turn valve which has a pivoting,
perforated and hollow ball which can control flow through it. Even after
long periods of use, it is durable, reliable, performs well and closes
securely. For control applications, they make the best choice with such
excellent qualities. Ball valves are of various types such as Full port,
reduced port, V port, Cavity filler, Trunnion and Multiport. Ball Valves
find application in air, gaseous, and liquid applications requiring
low-point drains and high-point vents in liquid, gaseous, and other fluid services;
instrument root valves; Cooling water and feed water systems; Steam service
Ball Valves Market: Drivers & Restraints
As the demand for industrialization is increasing in developing economies, so is the need for ball valves. This factor is estimated to drive the growth of Ball Valves Market. In the recent past, a concept known as Internet of Things (IoT) for customized products has emerged. This concept, making its way through the market has brought about an Industrial Revolution along with the concept of Industry 4.0. The emergence of IoT is likely to drive the Ball Valves Market. People are now more aware and concerned about their safety. This growing concern is one of the likely factors that may push the growth of Ball Valves Market. In the Middle East region, growing inclination towards the manufacturing industries may lead to growth in the Ball Valves Market. Trunnion mounted ball valves segment is expected to be the fastest growing segment and at a very high CAGR.
In 2016, the energy and power application segment accounted for the biggest share of the global Ball Valves Market. Ball Valves are used in the power generation applications for controlling the flow of media, reducing or increasing the flow, relieving a pipe system from certain pressure. As the investments in the power generation segment are increasing, Ball Valves Market is expected to grow at a high CAGR during the forecast period
Ball Valves Market: Market Segmentation
The Ball Valves Market is segmented by type, by size, by material, by vertical and by geography.
The Ball Valves Market is segmented by type into:-
- Trunnion Mounted
- Rising Stem
The Ball Valves Market is segmented by size into:-
- Up to 1”
- 50” and above
The Ball Valves Market is segmented by material into:-
- Cast Iron
- Stainless Steel
The Ball Valves Market is segmented by vertical into:-
- Oil & Gas
- Water & Wastewater
- Energy & Power
- Food & Beverage
- Building & Construction
Ball Valves Market: Regional Outlook
APEJ region is estimated to account for the largest share of the Ball Valves Market during the forecast period, owing to its huge population and its rising electricity demand, government pressure for power reliability and excellent product quality; APEJ is expected to show growth trends at a very high CAGR, in the forecast period.
As the population is increasing, demand for electricity is also increasing. So, the Asian countries are gradually turning to coal to fulfill their electricity demands.
Ball Valves Market: Key Players
Some of the major players of the Ball Valves Market are:-
- Emerson Electric (US)
- Astech Valve Co. Ltd. (Taiwan)
- Cameron International Corporation(US)
- Dwyer Instruments Inc. (US)
- Flowserve Corporation (US)
- Flomatic Corporation (US)
- MRC Global Inc. (US)
- Swagelok Company(US)
- Weir Group PLC(UK)
- Forum Energy Technology (US)
- Crane Company (US)
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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