According Stratistics MRC, the Global Ball Valves Market is accounted for $11.26 billion in 2016 and is expected treach $13.98 billion by 2023 growing at a CAGR of 3.1% during the forecast period. Ball Valves are used in various end users segments such as oil & gas, aerospace & defense and other industries. This market is categorized by many manufacturers and several regional players owing tits heavy competition in the market. The growth of the market is propelled by increasing demand for process safety, rise in energy consumption, process plant renovation and growing modern industries in Middle East region. However, delay of the mining industry in APAC, Latin America, and Africa is creating a negative impact in the market.
Based on material, cast iron segment is used in wide range of applications such as automotives, pipes and machines due tits castability, quite low melting point, excellent machinability, excellent fluidity, wear resistance and resistance tdeformation. Moreover, it is used for the development of common water valves in which pressure and temperature is not a strict issue.
By geography, Asia Pacific region commanded the largest market share during the forecast period owing tgrowing number of investments by Chinese government in this region. Moreover, companies in this region are modernizing their plants and facilities with highly developed technologies.
Some of the key players in this market include Valvitalia S.P.A, Alfa Laval, Burkert Fluid Control Systems, Velan Inc., Metso, IMI PLC., Cameron–Schlumberger Ltd., Emerson, ApollValves, Curtiss-Wright Corporation, Weir Group PLC, Neway Valves Co. Ltd., Kitz Corporation, Crane Co. and Flowserve Corporation.
Materials Covered: • Alloy • Stainless Steel • Cryogenic • Cast Iron • Other Materials
Sizes Covered: • Ball Valves of Size- 50” and Above • Ball Valves of Size- 25” t50” • Ball Valves of Size -6” t25 • Ball Valves of Size- 1”–6” • Ball Valves of Size- Up t1”
End Users Covered: • Building and Construction • Food & Beverage • Energy & Power • Oil & Gas • Chemicals • Pharmaceuticals • Water & Wastewater • Aerospace & Defense • Other End Users
Regions Covered: • North America US Canada Mexico • Europe Germany U.K. Italy France Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements