Global ball valve market is expected to grow from US$ 10.38 billion in 2016 to US$ 12.89 billion by 2025 at a CAGR of 2.44% between 2017 and 2025.
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.
The report focuses on an in-depth segmentation of this market based by type, material, and end-user verticals. The geographic segmentation of the report covers five major regions including; North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user vertical, oil & gas accounted for the largest share of the ball valve market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global ball valve market with detailed market segmentation. Also, it analyzes the current ball valve market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report includes the detailed company profiles of the key players in the market. The report also provide PEST analysis for all regions and SWOT analysis for all company profiled in the report.
APAC is one of the prominent regions in ball valve market which is anticipated to contribute highest revenue globally due to increasing industrialization and rapidly growing population resulting in increasing demand for oil & gas. Whereas, North America is the second highest contributor of the total market share of ball valve, being one of the leading producer of oil & gas. The major industry players Cameron Schlumberger Inc., Crane Co., Curtiss Wright Corporation, Emerson Electric Co., Flowserve Corporation, IMI PLC, KITZ Corporation, Metso Corporation, Valvitalia SpA and Velan Inc. among others.