Publication Month: Jul 2017 | Report Code: TIPTE100000555 | No. of Pages: 168 | Category: Manufacturing and Construction | Status: Published
The oil and gas industry will see decent growth in valve demand, with increasing offshore and shale exploration activities which will boost sales of ball valves in the market. Among the countries that will record healthy growth in oil and gas sector are Canada, Brazil, Nigeria, and the US refining companies. The companies located in these regions are likely to continue to enhance their crude processing capacity by upgrading existing facilities and building greenfield refineries.
According to the International Energy Agency, growth in oil supply next few years is expected to outpace an anticipated pick-up in demand and this will boost global consumption above 100 million bpd next year for the first time. Some new pipeline projects will come into execution in Also, the Canadian Association of Petroleum Producers (CAPP) announced that the country will transport an added capacity of oil sands production to markets across North America and other global regions. U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have increased in total. Apart from this, China is also planning to develop cleaner energy supplies. Natural gas is expected to play a key role in the years to follow because of its low price and low emissions. Increasing demand for natural gas provides a push to the construction of gas pipeline-related projects in China and is expected to boost the industrial Ball valves market in the oil and gas industry.
The emergence of smart technologies and Industrial IoT is supporting in the industries developing further by using immense amounts of data generated by the group of equipment and systems for the different operational conditions. IIoT as one of the major trends in the industry is being implemented in almost all types of businesses across both developed as well as developing countries. Industry 4.0, current update in IIoT is not only about automation, but is about the interconnectivity of different systems in a collaborative network environment paired with artificial intelligence and analytics. As a result of this combination of automation technology with business is reducing maintenance and operations cost by changing the way plant maintenance is executed on certain critical assets. In the process industries, one of the most important yet often overlooked assets are the valves, which are critical for good process control. Without reliable control valve operation, the process would quickly become unmanageable for the process operator. Therefore, now a day the process plant is designed to be automated to provide safe and stable operations with minimal interactions by operators with the help of different instruments including ball valves.
Ball Valve is a spherical closure unit, which enable on and off control of flow. Two-way ball valves are considered to be the most common and highly used ball valves. Two-way ball valves enables flow to travel straight from the inlet to the exit. Moreover, three-way and four-way ball valves enable the flow to travel in several directions, which includes 90 degree angles. Based on general body styles, ball valves can be categorized into four i.e. fully welded, split body, side or end-entry and top-entry. The body styles are differentiated based on the manufacture and assembly of the valve pieces. However, the function of all these valves are same in each type but each design has their own benefits.
Based on the ball movement, ball valves can be categorized into rising stem, floating and trunnion mounted ball valves.
Ball valves are available in various materials. These include copper, brass, stainless steel, cast iron, bronze, PVC, ceramic, alloy and cryogenic. The materials highly impact the efficiency of operation as ball valves made of different materials are suitable for different application.
The main factors to be considered while selecting the ball valve type is the application as well as fluid characteristics. Clean fluids usually enable a wide array of ball valves, whereas for dirty fluids as well as high risk applications the selection becomes limited to few ball valve types. There are several challenging applications which are stimulating the valve’s capability to offer appropriate duration and performance. The end-user vertical of the ball valve market is segmented into different industries that uses ball values for controlling the flow of materials. This segment includes water management, oil & gas, pharmaceuticals, energy & power and others.
|Market Size Value in||US$ 10.38 Billion in 2016|
|Market Size Value by||US$ 12.89 Billion by 2025|
|Growth rate||CAGR of 2.44% from 2017-2025|
|No. of Pages||168|
|No. of Tables||17|
|No. of Charts & Figures||117|
|Historical data available||Yes|
|Segments covered||Type , Material and End-user Verticals|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below: