Ball Valves (Trunnion Mounted, Floating, Rising Stem) Market - Global Forecast to 2024

Dublin, March 26, 2019 (GLOBE NEWSWIRE) -- The "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), Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The ball valves market was valued at USD 12.16 billion in 2018 and is expected to reach USD 15.24 billion by 2024, at a CAGR of 3.75% from 2019 to 2024.

A valve is a mechanical device that regulates the flow of liquid or gas in a process stream. Ball valves are quarter-turn, straight-through valves and have a round closure element with matching rounded seats that permit uniform sealing stress. Ball valves are widely used in process industries such as oil & gas, chemicals, pharmaceuticals, metal & mining, energy & power, and others for tight shutoff situations. Ball valves can be opened and closed quickly with the low-pressure drop, providing reliable leak protection, which is useful in gas applications.

The ball valves market has been segmented on the basis of material, valve type, size, industry, and regions. On the basis of material, the ball valves market has been segmented into stainless steel, cast iron, cryogenic, alloy based, and others. On the basis of valve types, the ball valves market has been segmented into trunnion mounted, floating and rising stem ball valves. Ball valves are used in various industries such as oil and gas, energy & power, water and wastewater, chemicals, pharmaceuticals, metal & mining, food & beverage, and others.

The value chain of the ball valves market comprises raw material and component suppliers; original equipment manufacturers (OEM); system integrators; distribution channel; and end users. Among all, raw material and component suppliers and original equipment manufacturers (OEM) are the major contributors to the market value chain.

Need for ball valve replacement, growth in energy consumption, increasing industrialization, urbanization and smart city initiatives across the globe are among the key driving factors for the ball valves market. Integration of IIoT-enabled ball valves to avoid unexpected downtime, use of 3D printers in manufacturing lines, increase in the number of refineries and petrochemicals and chemicals plants worldwide are among the other factors fueling the growth of the ball valves market. However, lack of standardization in certifications and policies can hinder the growth of the ball valves market.

Emerson (US), Flowserve corporation (US), Cameron Schlumberger (US), Metso (Finland), and IMI PlC (UK) are among the players operating in the ball valves market.

Expansion was the most adopted strategy of the overall growth strategies adopted by the key players operating in the market from 2013 to 2018.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Value Chain Analysis

6 Ball Valve Market, By Material
6.1 Introduction
6.2 Stainless Steel
6.3 Cast Iron
6.4 Cryogenic
6.5 Alloy Based
6.6 Others
6.6.1 Brass
6.6.2 Bronze
6.6.3 Plastic

7 Ball Valve Market, By Valve Type
7.1 Introduction
7.2 Trunnion Mounted Ball Valve
7.3 Floating Ball Valve
7.4 Rising Stem Ball Valve

8 Industrial Valve Market, By Size
8.1 Introduction
8.2 Up to 1
8.3 1-6
8.4 6-25
8.5 25-50
8.6 50 and Larger

9 Ball Valve Market, By Industry
9.1 Introduction
9.2 Oil & Gas
9.3 Water & Wastewater Treatment
9.4 Energy & Power
9.5 Chemicals
9.6 Food & Beverages
9.7 Pharmaceuticals
9.8 Building & Construction
9.9 Agriculture
9.10 Pul & Paper
9.11 Metals & Mining
9.12 Others (Textile, Glass and Semiconductor)

10 Ball Valve Market, By Geography
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 U.K.
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Rest of Europe
10.3 Asia-Pacific (APAC)
10.3.1 China
10.3.2 Japan
10.3.3 South Korea
10.3.4 India
10.3.5 Rest of APAC
10.4 Rest of the World (RoW)
10.4.1 Middle East
10.4.2 South America
10.4.3 Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Player Ranking Analysis
11.3 Competitive Scenario
11.3.1 Competitive Situation and Trend
11.3.2 Acquisitions & Expansions
11.3.3 Product Launches and Developments
11.3.4 Partnerships & Collaborations
11.3.5 Others
11.4 Competitive Leadership Mapping
11.4.1 Vanguards
11.4.2 Dynamic Players
11.4.3 Innovators
11.4.4 Emerging Players

12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Emerson
12.2.2 Flowserve Corporation
12.2.3 Cameron - Schlumberger
12.2.4 Crane Co
12.2.5 IMI PLC
12.2.6 Kitz Corporation
12.2.7 Metso Corporation
12.2.8 Neway Valve (Suzhou) Co., Ltd.
12.2.9 Velan Inc.
12.2.10 Weir Group
12.3 Innovators
12.3.1 Burkert Fluid Control Systems
12.3.2 Curtiss-Wright Corporation
12.3.3 Alfa Laval
12.3.4 Apollo Valves
12.3.5 Valvitalia S.P.A.
12.4 Other Important Key Players
12.4.1 AVK Holdings A/S
12.4.2 Dwyer Instruments
12.4.3 Ham-Let
12.4.4 Samson AG
12.4.5 Swagelok

For more information about this report visit https://www.researchandmarkets.com/research/dk96l5/ball_valves?w=12

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                    Related Topics: Valves