Seattle, WA -- (SBWIRE) -- 08/02/2017 -- According to the new market research report "Ball Valves Market by Size (Up to 1", 1"–6", 6" to 25", 25" to 50", 50" and Above), Type (Trunnion Mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Vertical, and Geography - Global Forecast to 2023", the ball valves market is expected to reach USD 14.46 Billion by 2023, at a CAGR of 2.9% between 2017 and 2023.

Browse 152 market data tables and 46 figures spread through 180 pages and in-depth TOC on "Ball Valves Market - Global Forecast to 2023"

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=80882742

Early buyers will receive 10% customization on reports.

The factors that are driving the growth of this market include the increasing demand for industrialization in emerging economies, the evolution of IIoT, demand for process safety, and increasing adoption of the manufacturing industry in the Middle-East.

The trunnion mounted ball valves market is expected to grow at the highest rate during the forecast period

The market for trunnion mounted ball valves is expected to grow at a high CAGR between 2017 and 2023. The trunnion mounted stem absorbs the thrust from the line pressure, avoiding excess friction between the ball and seats. Thus, the operation torque remains low at full pressure. Hence, the trunnion mounted ball valves are preferred over the floating and rising stem ball valves.

The ball valves market for the energy & power application is expected to grow at the highest rate between 2017 and 2023

The energy & power application accounted for the largest share of the overall ball valves market in 2016. Ball valves are used in various functions in power generation infrastructure such as discontinuing and beginning the flow of the media, reducing or increasing flow, controlling flow, and regulating flow or processing pressure or relieving a pipe system from a certain pressure. Increasing investments in the power generation industry drive the ball valves market.

Report Information @ http://www.marketsandmarkets.com/Market-Reports/ball-valve-market-80882742.html

APAC is expected to lead the ball valves market between 2017 and 2023

APAC is expected to hold the largest share of the ball valves market during the forecast period. Energy infrastructure investments are flourishing in APAC with the rising electricity demand due to the burgeoning population and the government push for better product quality and power reliability, which are driving the industry growth.

The major players operating in the ball valves market include Emerson Electric (US), Cameron (US), Flowserve (US), IMI PLC (England), Metso (Finland), Neway Valves (China), Weir Group (UK), Kitz Corporation (Japan), JC Valves (Spain), Crane Co. (US), GWC Italia (Italy), Velan Inc. (Canada), Curtiss-Wright (US), Alfa Laval (Sweden), Burkert Fluid Control System (Germany), Apollo Valves (US), Valvitalia S.P.A (Italy), Forum Energy Technology (US), Swagelok (US), MRC Global Inc. (US), Hamlet (Israel), Flomatic Corporation (US), Dwyer Instruments Inc. (US), Astech Valve Co. Ltd. (Taiwan), and MIR Valves (Malaysia).

About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
MarketsandMarkets™ INC.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com