Global Ball Valves Market is Growing at a CAGR of 3.4% in 2026

Posted by kelvindbmr on November 22nd, 2019

Global Ball Valves Market is expected to rise from its initial estimated value of USD 12.82 billion in 2018 to an estimated value of USD 16.75billion by 2026, registering a CAGR of 3.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits associated with Process Plant Modernization.

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 are being used in the various sectors such as aerospace & defence, oil and gas industry and among them. The market of ball valve is growing because of various factors such as evolution of IOT and developments in automation ecosystem such as mergers & acquisitions, collaborations, increasing demand for industrialization in emerging economies, and demand for process safety.

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Competitive Analysis

Global ball valves market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ball valves market for Global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently working in ball valves market are Emerson Electric Co.(US), Flowserve Corporation (US), Schlumberger Ltd. (US), Crane Co. (US), IMI Plc. (Finland), Kitz Corporation (Japan),  Metso Corporation(Finland) Neway valve. (China). Emerson Electric Co (US)  (US) ,Velan Inc.( Canada), The Weir Group PLC (UK), Burkert Fluid Control Systems (Germany), Curtiss-Wright Corporation (US), Alfa Laval (Sweden), Apollo Valves (US), Valvitalia S.P.A (Italy) , Swagelok Company (US), MRC Global Inc. (US), , Astech Valve Co. Ltd. (Taiwan), Cameron International Corporation(US), Dwyer Instruments Inc. (US), Flomatic Corporation (US), Forum Energy Technology (US) , among others.

Segmentation:  Global Ball Valves Market

• By Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others, (Brass, Bronze, Plastic)},
• By Valve Type(Trunnion Mounted ball valves, Floating Ball Valve, Rising Stem Ball Valve)
• By Size (Up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and Larger)
• By Industry (Oil & Gas, Energy & Power, Chemicals, Water & Wastewater , Building & Construction, Pharmaceuticals, Agriculture, Metal & Mining, Paper & Pulp, Food & Beverages, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• High demand for modernized process plant is expected to act as a driver to the market growth
• There is increase in energy consumption due to industrialization, urbanization, and smart city initiatives this is driver for the market.

Market Restraints:

• Lack of standardization in certifications and policies robotics is expected to act as a restraint to the market growth.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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