Ball Valves Market Report, Size, Share, Analysis 2017 and Forecast to 2023

According to Stratistics MRC, the Global Ball Valves Market is accounted for $11.26 billion in 2016 and is expected to reach $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 to its 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.

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Based on material, cast iron segment is used in wide range of applications such as automotives, pipes and machines due to its castability, quite low melting point, excellent machinability, excellent fluidity, wear resistance and resistance to deformation. 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 to growing number of investments by Chinese government in this region. Moreover, companies in this region are modernizing their plants and facilities with highly developed technologies.

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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, Apollo Valves, Curtiss-Wright Corporation, Weir Group PLC, Neway Valves Co. Ltd., Kitz Corporation, Crane Co. and Flowserve Corporation.

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Materials Covered:
• Alloy
• Stainless Steel
• Cryogenic
• Cast Iron
• Other Materials

Sizes Covered:
• Ball Valves of Size- 50” and Above
• Ball Valves of Size- 25” to 50”
• Ball Valves of Size -6” to 25"
• Ball Valves of Size- 1”–6”
• Ball Valves of Size- Up to 1”

Types Covered:
• Rising Stem Ball Valves
• Trunnion Mounted Ball Valves
• Floating Ball Valves

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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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

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Release ID: 242582