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(Transportation-News.com, August 30, 2018 ) Ball Valve Market Outlook and Analysis to 2025 - Leading Top Companies are Cameron Schlumberger Inc.,Crane Co.,Curtiss Wright Corporation,Emerson Electric Co,Flowserve Corporation,IMI Plc
Ball valve market is expected to grow US$ 12.89 billion by 2025 from US$ 10.38 billion in 2016.
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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.
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.
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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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