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Ball Valves Market by Size, Type, Material, Vertical, and Geography - Global Forecast to 2023

Ball Valves Market: Global Forecast until 2023

  • June 2017
  • 182 pages
  • ID: 4970259
In this report:
According to International Association of Oil and Gas Producers, in 2015, oil and gas production in the UK North Sea increased by around ##% to ##.## million barrels of oil equivalent per day, as a result of new fields coming on stream and enhanced production efficiency.
According to Energy Information Administration (EIA), in 2016, the US electricity generation was ## TWh (billion kWh) net, ## TWh (##%) of it from gas, ## TWh (##%) from coal-fired plant, ## TWh (##.##%) nuclear, ## TWh from hydro, ## TWh from wind, and ## TWh from other renewables.

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"The ball valves market is anticipated to rise at a significant rate between 2017 and 2023"

The ball valves market is anticipated to grow at a compound annual growth rate (CAGR) of 2.90 percent between 2017 and 2023 and is anticipated to be valued at ~$14.5B by 2023. Key driving factors for the increase ot the ball valves market are mergers & acquisition, partnership, and collaborations, growing demand for industrialization in emerging economies, and evolution of Industrial Internet of Things with the increased communication and the industry demand for process safety. Nevertheless, the main restraining factor for the increase of this market is the slowdown of the mining market in Asia-Pacific, Latin America area, and African continent.

"The ball valves market for 1" size is anticipated to increase at the maximal rate during the outlook period"

The sector for 1" size ball valves is anticipated to rise at an important compound annual growth rate (CAGR) between 2017 and 2023. They are usually preferred for process plants with small capacities including power plants, food and beverage processing plants, and other plants for less flow of media. These size valves are selected on the basis of flow pressure, noise, media, and vibration. Flowserve Corporation, Velan Inc., Neway Valves, Curtiss-Wright, and others manufacture ball valves of size 1" and supply them to different verticals including oil and gas, water and wastewater, building and construction, and others.

"The industry for cast iron is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period"

Cast iron and gray iron are used for the manufacturing of common water valves in which pressure and temperature are not a severe issue. Cast iron tends to be brittle, except for malleable cast irons. With its relatively low melting point, good fluidity, castability, excellent machinability, resistance to deformation, and wear resistance, cast irons have become an engineering material with a wide range of applications and are used in pipes, machines, and automotive industry parts including cylinder heads, cylinder blocks, and gearbox cases.

"Asia-Pac is projected to register the more important rise during the outlook period"

Energy infrastructure investments are flourishing in Asia-Pacific as electricity demand is growing because of the growing population. The governments in Asia-Pac are pushing for better product quality and power reliability, which are driving the industry increase. Furthermore, the territory has strengthened its position as the manufacturing hub for the overall sector with companies including Kitz Corporation, Neway Valves, and so on, and it has developed into the quickest-increasing end-market for energy and transportation technologies.

The break-up of the profiles of primary members taking part for the study has been provided below.

• By Company category: Tier 1-55.0 percent, Tier 2-30.0 percent, and Tier 3-15.0 percent

• By Description: C-Level Executives-50%, Directors-25%, and Others-25%

• By Area: North America-35%, Europe-25%, APAC-30%, and RoW-10%

Top players operating in the ball valves market contain Emerson Electric, Flowserve Corporation, IMI PLC, Kitz Corporation, Velan Inc., and others.

Segment Research

The research report on the ball valves market covers distinct segments-type, size, material, vertical, and territory. The market has been split on the basis of type into trunnion mounted, floating, and growing stem ball valves. On the basis of material, the ball valves market has been categorized into cast iron, stainless steel, alloy, cryogenic, and others. The ball valves market has been split on the basis of vertical into oil and gas, energy and power, water and wastewater, food and beverage, chemicals, pharmaceuticals, building and construction, and others (pulp and paper, agriculture, and metal and mining). The analysis includes the industry in 4 main geographical regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, study, and estimate for the sector established on category, size, material, vertical, and area have been organized to give an global view of the ball valves market.

The value chain study is provided to provide a detailed insight into the ball valves market.

Main drivers, market restraints, alternatives, and opportunities for the ball valves market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, dive study together with complete study and revenue of main actors.

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