Ball Valves Market Accretes to USD 11.56 Billion by 2023 at 3.2% of CAGR: MRFR Study

Market Research Future published a research report on “Ball Valves Market Research Report- Forecast 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.

Posted: Wednesday, December 06, 2017 at 10:13 AM CST

Pune, India -- (SBWire) -- 12/06/2017 --Global Ball Valves Market, By Type (Floating, Rising Stem, Trunnion Mounted), by Size (Up to 1", 1"–6", 6" to 25", 25" to 50"), By Material (Alloy, Cryogenic, Stainless Steel, Cast Iron,), by End Users - Global Forecast to 2023 - Forecast 2023

Intended Audience
- Ball Valves device manufacturers
- Industrial valves manufacturers
- Manufacturers of components
- Professional services/solutions providers
- End users from the listed industries
- Process industry standard organizations
- Research institutes and organizations
- Associations of valve manufacturers
- Safety equipment manufacturers
- Distributers
- Investors

Market Synopsis of Ball Valves Market:
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 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.

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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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:
- Floating
- Rising Stem
- Trunnion Mounted
- Others

Ball Valves Market by Material Types:
- Alloy Based
- Bronze
- Brass
- Steel
- Cryogenic
- Cast Iron
- Others

Ball Valves Market by Size:
- Up to 1"
- 1"–6"
- 6"–25"
- 25"–50"
- 50" and Above
- Others

Ball Valves Market by End-User:
- Chemicals
- Food & Beverage
- Pharmaceuticals
- Building & Construction
- Aerospace & defense
- Oil & Gas
- Water & Wastewater
- Energy & Power
- Utilities
- Others

Ball Valves Market by Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (ROW)

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.

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.

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The report for Global Ball Valves market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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