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(Transportation-News.com, February 24, 2018 ) Ball valve market is expected to grow US$ 12.89 billion by 2025 from US$ 10.38 billion in 2016. Valve is a device that control, direct or regulate the flow of fluid (liquid, fluidized solid, gasses and slurries) by closing or by opening various passage ways. Ball valve is a form of quarter term valve that uses a floating ball to control the flow. Ball valve includes some of the benefits such as low pressure drop, low leakage and rapid opening. Ball valves are of three types such as rising stem wall, floating ball valve and trunnion mounted ball valve. Tunnion ball valve is expected to expected to continue its dominance, it provides low operating torque as compared to floating ball this result in reducing the cost of valve actuator and reduce the size of actuator.. Ball valves are used for various purpose such as flow control, shutoff, corrosive fluid, liquids, pressure control and high temperature.
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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.
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
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