Ball Valve Market to 2025 - Global Analysis and Forecasts by Type (Rising Stem, Floating and Trunnion Mounted), Material (Stainless Steel, Cast Iron, Cryogenic, Alloy and Others) and End-user Verticals (Water Management, Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power and Others)
Publication Month: Jul 2017 | Report Code: TIPTE100000555 | No. of Pages: 168 | Category: Manufacturing and Construction | Status: Published
The Ball Valve market accounted for US$ 10.38 Bn in 2016 and is expected to grow at a CAGR of 2.44% during the forecast period 2017 – 2025, to account for US$ 12.89 Bn in 2025.
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.
Lucrative Regions for Ball Valve Market
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Market Insights
Emergence of IIOT
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.
Type Market Insights
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 Valve Market, by Type– 2016 and 2025
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Material Market Insight
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.
End-user Verticals Market Insight
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.
Strategic Insights
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:
- In May 2017, Velan received contracts worth US$55 million to supply safety related valves for 3rd generation nuclear reactors at Hinkley Point C in the U.K.
- In April 2017, IMI CCI Japan announce the launch of the AB6350, a newly designed model in the AB6300 series.
Global Ball Valve Market Segments:
Ball Valve Market – By Type
- Rising Stem Ball Valve
- Floating Ball Valve
- Trunnion Mounted Ball Valve
Ball Valve Market – By Material
- Stainless Steel
- Cryogenic
- Cast Iron
- Alloy
- Others
Ball Valve Market – By End-user Vertical
- Water Management
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Others
Ball ValveMarket – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- Cameron Schlumberger, Inc.
- Crane Co
- Curtiss Wright Corporation
- Emerson Electric Co.
- Flowserve Corporation
- IMI Plc.
- KITZ Corporation
- Metso Corporation
- Valvitalia SpA
- Velan Inc.
- Cameron Schlumberger Inc.
- Crane Co.
- Curtiss Wright Corporation
- Emerson Electric Co
- Flowserve Corporation
- IMI Plc
- KITZ Corporation
- Metso Corporation
- Valvitalia SpA
- Velan Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ball valve market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global ball valve market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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