Ball Valves Market 2019 -2021 Industry Size, Share, Growth Rates, End-User, Opportunities, Future Estimations, Technology, Competitive Landscape and Trends by Forecast to 2023
Jan 04, 2019 (Heraldkeeper via COMTEX) -- 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. The study indicates that cast iron is expected to grow at the highest CAGR during the forecast period
Ball Valves Market – Scenario:
A ball valve is a form of quarter-turn valve which uses a hollow, perforated and pivoting ball (floating ball) to control flow through it. 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 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.
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.
Ball Valves Market – 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.
Ball Valves Market – Segments:
The global Ball Valves market has been segmented on the basis of type, port types, material types, size, end users and region.
Ball Valves Market by Types:
Ball Valves Market by Material Types:
Ball Valves Market by Size:
Up to 1"
50" and Above
Ball Valves Market by End-User:
Food & Beverage
Building & Construction
Aerospace & defense
Oil & Gas
Water & Wastewater
Energy & Power
Ball Valves Market by Region:
Asia Pacific (APAC)
Rest of the World (ROW)
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.
Ball Valves Market – Regional Analysis:
The regional analysis of Ball Valves market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. North America is dominating the ball valve market due to the implementation of stringent government policies regarding wastewater treatment in these regions. Asia-Pacific region is contributing high with the growing demand of existing power plants as per the established standards is also contributing to boost market growth. Whereas, the Europe is showing a significant growth during the forecasted period.
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