Ball Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Type (Trunnion-mounted, Floating, Rising Stem), Material, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025
[207 Pages Report] The ball valves market was valued at USD 8.1 billion in 2020 and is projected to reach USD 14.7 billion by 2025. It is expected to grow at a CAGR of 12.5% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID- 19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants projects and upgrade existing ones are the key driving factors for the ball valves market.
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The world is facing an economic crisis caused by the COVID-19 pandemic outbreak. The pandemic has affected the oil & gas industry badly, with oil prices slashing like never before. Major producers of oil are running out of storage space for extracted oil, and the demand is exhibiting a declining trend. This has resulted in a huge gap between supply and demand. Oil & gas is one of the key industries for valves. Likewise, the water & wastewater treatment and energy & power industries are also among the key end users of valves. These industries are also witnessing a shrink in demand due to the pandemic situation globally. Restriction on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various other government rules have been established as precautionary measures for safeguarding public health and safety. It is expected that the focus on hygiene and sanitation would increase due to the rise in concerns for a better and safer lifestyle, which would boost the growth of the water & wastewater treatment industry, and, in turn, the demand for ball valves. An increase in demand from the energy & power sector is also likely to drive the ball valves market for the energy & power end-user industry gradually from 2021 to 2025.
Market Dynamics:
Driver: Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic
With the rapid spread of the coronavirus, healthcare and pharmaceuticals industries are at the forefront of combating COVID-19. There is a rise in the production of all the critical medical devices required to cure COVID patients. Industrial valves play an important role in the manufacturing of different types of medical devices, which has provided several key valves players the opportunity to expand their businesses and fight against the deadly coronavirus. For instance, the situation has proven to be beneficial for Emerson—a renowned player in the ball valves market. Emerson’s valves are capable of managing pressure relief and keeping equipment and materials clean in sterilizers. In addition, they are used in oxygen therapy devices to help high-risk patients or those in recovery, and support blood analyzers and other vital hematology equipment. The company’s high-pressure and high-purity valves also provide oxygen supply to pop-up and remote hospitals and triage centers.
Sanitary ball valves offered by the company feature a full-bore design that enables full fluid flow with minimal pressure drop, making them ideal for handling viscous liquids or liquids containing particles in the pharmaceuticals, food & beverages, and chemicals industries.
Companies are increasingly investing in research and development pertaining to the automation of the pharmaceuticals industry with the help of smart valves. Likewise, pharmaceutical companies are seeking to develop sophisticated fluid handling systems, such as automatic sanitizer dispensers and liquid soap dispensers, which, in turn, is generating demand for ball valves. Thus, the growing production of healthcare devices and increasing R&D investments in the pharma field boost the growth of the ball valves market.
Restraint: Lack of standardized norms and governing policies
Ball valves are manufactured by considering different regional certifications and policies. These certifications and policies vary based on different applications, industries, and respective regions. Ball valves find applications in different industries such as oil & gas, food & beverages, pharmaceuticals, energy & power, water & wastewater, building and construction, chemicals, semiconductor, and paper & pulp and such heterogeneity acts as a restraining factor as valve manufacturers have to amend the same product with respect to regional policies. Also, it becomes difficult for industry players to achieve the ideal cost of fabrication. To deal with this, industry players have to set up manufacturing facilities in different regions, which raises investment for industry players. Hence, the lack of one certification and policy across the globe restraints the growth of the ball valves market.
Opportunity: Heighened investments in water & wastewater treatment plants to handle sanitation-related issues with the rapid spread of COVID-19
Water and wastewater treatment is an essential service, and water utilities have been operating continuously amid the COVID-19 pandemic. Post the outbreak of COVID-19, safe water has become even more essential for maintaining good hygiene practices. In addition, the pandemic has made people more concerned about sanitation and clean water. Thus, investments in establishing water treatment plants are expected to propel the growth of the ball valves market.
Additionally, aging water & wastewater treatment industry infrastructure is the primary concern in several countries. For instance, the US has a wide network of old pipelines that are used for transporting water and wastewater. Several valves, including ball valves, used in old infrastructure are also on the verge of replacement as they have surpassed their operational life. Hence, it is important to replace such valves for improved performance and better worker safety. Thus, the rising concerns for better sanitation and heightened investments in water supply and sanitation projects create significant opportunities for the providers of valves having applications in the water & wastewater treatment industry.
Challenge: Adverse impact of COVID-19 pandemic on key end-user industries such as oil & gas and energy & power
From a single case in China to a global pandemic in less than 3 months, the outbreak of COVID-19 has forced governments worldwide to take drastic measures to protect public health in 2020. This global health crisis has also dented economic growth prospects and upended the oil market. The oil market has been supported by additional production adjustments put in place by OPEC and non-OPEC countries in the Declaration of Cooperation for the first quarter of 2020. In the last week of March and the entire April, all the indices deteriorated in terms of economy, stocks, equities, financial instruments, metals, commodities, and oil. Since the beginning of 2020, crude oil prices were decreasing dramatically. Consumer demand declined further following the continued spread of the virus and its negative impact on the economy, which, in turn, led to disagreement between 2 of the largest oil producers, Russia and Saudi Arabia, in early March. All these factors are expected to lead to a setback in the ball valves market for the oil & gas industry.
Oil & gas is one of the key industries for ball valves, which has been affected severely by the pandemic, with oil prices slashing like never before. Key oil-producing companies are running out of storage space for extracted oil, and the demand is on a declining trend. This has resulted in a huge gap between supply and demand.
In March and April 2020, the electricity demand curve changed in the affected regions. The demand for residential use electricity was high; however, the commercial and industrial use of electricity was almost near to null, except for essential services. The energy & power industry will see a decline in industrial production in 2020. This, in turn, is expected to affect the global ball valves market because usually, a large power plant uses hundreds of ball valves to manage the flow of water and steam.
Lockdowns in many countries have led to the shutdown of most commercial activities, except essential ones, across the world. People are instructed to remain within the confines of their homes and work from home as far as possible. Consequently, the electricity demand in the industrial and commercial sectors has reduced significantly, while from the residential area, the demand has increased. Such a decline in demand has directly affected the ball valves market. New projects have come to a standstill, along with which the demand for valves used or required for new facilities has been affected.
Trunnion-mounted ball valves to account for a larger share of the ball valves market by 2025
Trunnion-mounted ball valves are used for critical services in a variety of applications such as transmission and storage, gas processing, dryer sequence, compressor anti-surge, and others. Growth in energy consumption, new production technologies, demand for process safety, increasing focus on sustainability, and environmental regulations are likely to boost the trunnion ball valves market growth. Due to the unavailability of high-performance seat material, floating ball valves are mainly used in medium- or low-pressure applications.
Stainless steel ball valves accounted for the largest market share in 2019
The stainless steel ball valves segment accounted for the largest market share in 2019. The rising demand for high-quality ball valves in food & beverages, chemicals, pharmaceuticals, and metals & mining industries to mitigate the threat of contamination is a key factor which drives the demand for steel ball valves at present, and a similar trend is likely to be observed during the forecast period. Additionally, rising sanitation concerns will boost the demand for stainless steel ball valves in water & wastewater treatment plants as longer-lasting stainless steel valves can withstand harsh temperatures, chemicals, and pressures, along with hard water conditions, owing to their corrosion resistance quality. Stainless steel is tougher than other materials such as cast iron, ductile iron, brass, and copper with respect to pressure rating and temperature tolerance. Stainless steel is preferred over carbon steel in applications where corrosion resistance is of utmost importance. Stainless steel ball valves typically experience demand from pharmaceuticals, chemicals, oil & gas, and food & beverages industries. However, amplified focus on cleaner fuels will boost the market for natural gas production and transportation, which, in turn, will boost the demand for cryogenic valves during the forecast period.
Oil & gas accounted for the largest market share in 2019
Oil & gas is among the key end-user industries for ball valves. Owing to the adoption of ball valves in various applications in upstream, midstream, and downstream operations. Ball valves provide process control support by appropriately controlling and positioning actuators. They have become key components in offshore and onshore oil & gas end-user industry operations, wherein high pressure and adverse corrosive conditions are experienced on production platforms and refineries. However, the oil & gas end-user industry has faced a major setback in the first two quarters of 2020 by the COVID-19 pandemic and the oil price war, which end-user industry has affected the ball valves market for oil & gas industry. Various companies are planning to reduce their capital expenditure because of the pandemic. For example, Cairn Energy PLC—an independent, UK-based oil and gas exploration, development, and production company—announced an overall 23% reduction in capital expenditure for 2020.
North America to witness the highest CAGR in ball valves market during the forecast period
The market in North America has been classified into the US, Canada, and Mexico. North America is a key market for ball valves as the region is home to a few of the largest multinational corporations, such as Emerson (US), Cameron-Schlumberger (US), Flowserve Corporation (US), Crane Co. (US). The increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications are among the crucial factors driving the market in North America. R&D at industry levels is broadening the application areas of ball valves in different industries, such as energy & power and chemicals.
APAC to account for the largest market share during the forecast period
APAC holds the largest share of the global ball valves market. The market in APAC is further segmented into China, India, Japan, South Korea, and Rest of APAC. The growth of the market in APAC can be mainly attributed to the numerous initiatives undertaken by regional governments to encourage the implementation of IoT in the industrial sector in APAC. Dense population, the presence of automotive, chemicals, pharmaceuticals, oil & gas, and metals & mining industries in the region, growing per capita income, and rapid industrialization are the major factors driving the growth of the ball valves market in APAC.
However, Due to the COVID-19 outbreak, major industries, such as oil & gas, energy & power, building & construction, chemicals, and metals & mining, have been significantly affected globally. China, one of the major countries of APAC, has become the world production center over the last few decades as the country provides a bulk of raw or processed materials, components, as well as major subsystems to manufacturers across the world. Not only original equipment manufacturers (OEMs) in China have been facing challenges in resuming their production processes, but manufacturers worldwide are also facing issues pertaining to shortage of components and necessary raw materials in their supply networks.
Key Market Players
Include Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc.(UK), and Metso (Finland), are among the major players in the ball valves market.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Availability for Years |
2016–2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020–2025 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
By type, size, material, and end-user |
|
Geographies Covered |
North America, Europe, APAC, and RoW |
|
Companies Covered |
Emerson, Cameron – Schlumberger, Flowserve, IMI Plc, and Metso. |
This research report categorizes the ball valves market, type, material, size, end-user, and region
Based on material:
- Stainless Steel
- Cast Iron
- Cryogenic
- Alloy Based
- Others
- Brass
- Bronze
- Plastic
Based on the types:
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
Based on the size:
- Up To 1”
- 1-6”
- 6-25”
- 25-50”
- 50” and Larger
Based on end-user industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Food & Beverages
- Chemicals
- Building & Construction
- Pulp & Paper
- Pharmaceuticals Metals & Mining
- Agriculture
- Others
Based on the region
- North America
- Europe
- APAC
- RoW (South America, Middle East & Africa)
Recent Developments
- In April 2020, Emerson announced its new Remote Assistance service capability to help plant operators immediately respond to industrial valve issues by using augmented reality (AR) technology. The AR technology uses a robust, secure channel certified as ISO 27001-compliant.
- In February 2020, Schlumberger opened a manufacturing center in King Salman Energy Park (SPARK), Saudi Arabia, that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth. The center will manufacture various technologies, including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
- In September 2019, Emerson acquired the Spence and Nicholson product lines from CIRCOR International, one of the key manufacturers of flow and motion control products for the most severe service- and mission-critical applications. The acquisition complemented Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.
- In August 2019, IMI plc acquired PBM, a manufacturer of ball valves and specialty valves for both sanitary and industrial applications. The acquisition helped IMI expand the operations of IMI Critical into new market segments, including pharmaceutical and food processing, and allowed PBM to capitalize on IMI’s global reach and support network.
- In December 2018, Emerson acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently. This acquisition helped Emerson to provide its customers with an enhanced portfolio of valves to improve process performance and reliability.
Frequently Asked Questions (FAQ):
Which are the major companies in the ball valves market? What are their major strategies to strengthen their market presence?
The major companies in the Ball valves market are - Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI PLC (UK), and Neles Corporation - Metso (Finland). Players in this market have adopted expansions, acquisitions, and agreements strategies to increase their market share.
Which is the potential market for ball valves in terms of the region?
APAC held the largest share of the ball valves market in 2019. Rapid population growth and urbanization in developing economies such as China, Japan, and India have led to the growth of the energy & power, water & wastewater treatment, building & construction, chemicals, pharmaceuticals, and oil & gas industries. This, in turn, increased the demand for ball valves until 2019. However, COVID-19, a global health emergency and also an economic crisis, has hit the ball valves market in 2020 adversely. The ball valves market is expected to witness a significant decline as a few of the major industries adopting ball valves are oil & gas, energy & power, and water & wastewater treatment. These industries are non-operational due to stringent measures, which include lockdown, restrictions on foreign trade, and a halt in the supply of non-essential goods and services taken by several governments across the world as precautionary measures for the safety of people. There is also a huge supply-demand gap due to the decline in global demand.
What are the opportunities for new market entrants?
There are significant opportunities in the ball valves market such as the heightened investments in water & wastewater treatment plants to handle sanitation-related issues with the rapid spread of COVID-19, utilization of IIoT and digital transformation in industrial plants, application of 3D printing technology in valves manufacturing, and focus of industry players on offering improved customer services.
Which end-user industries are expected to drive the growth of the market in the next five years?
Major end-user industries for ball valves market include - oil & gas, water & wastewater treatment, energy & power, food & beverages, metals & mining, chemicals, pharmaceuticals, building & construction, pulp & paper, agriculture, and others. Textiles, glass, and semiconductor manufacturing industries are covered under the “others” category. Ball valves are mainly used in a wide array of process industries. Manufacturers across industries have realized the importance of advanced manufacturing equipment and solutions as they help connect all production processes, provide control over business processes, and enhance the efficiency of operations. Valves help keep control over the flow and pressure of elements used in the manufacturing processes.
Which type of valve is expected to hold the largest share of the market by 2025?
Trunnion-mounted ball valves are expected to hold the largest share by 2025. Trunnion-mounted ball valves are used for critical services in a variety of applications such as transmission and storage, gas processing, dryer sequence, compressor anti-surge, and others. Growth in energy consumption, new production technologies, demand for process safety, increasing focus on sustainability, and environmental regulations are likely to boost the trunnion ball valves market growth. Due to the unavailability of high-performance seat material, floating ball valves are mainly used in medium- or low-pressure applications. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BALL VALVES MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 GEOGRAPHIC SCOPE
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 25)
2.1 RESEARCH DATA
FIGURE 2 BALL VALVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
FIGURE 3 DEMAND-SIDE ANALYSIS: BALL VALVES MARKET
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 BALL VALVES MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
TABLE 1 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 34)
3.1 BALL VALVES MARKET: REALISTIC SCENARIO
FIGURE 7 BALL VALVES MARKET: OPTIMISTIC, REALISTIC, PESSIMISTIC, AND PRE-COVID-19 SCENARIO ANALYSIS (2016–2025)
3.2 BALL VALVES MARKET: OPTIMISTIC SCENARIO
3.3 BALL VALVES MARKET: PESSIMISTIC SCENARIO
FIGURE 8 BALL VALVES MARKET SIZE, 2016–2025
FIGURE 9 STEEL TO CAPTURE LARGEST SHARE OF MARKET, BY MATERIAL, IN 2020
FIGURE 10 TRUNNION-MOUNTED BALL VALVES TO CAPTURE LARGEST SHARE OF MARKET, BY TYPE, IN 2020
FIGURE 11 1” TO 6” SIZED BALL VALES TO CAPTURE LARGEST SHARE OF MARKET, BY SIZE, IN 2020
FIGURE 12 ENERGY & POWER TO BE FASTEST-GROWING END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 13 APAC TO HOLD LARGEST SHARE OF BALL VALVES MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 41)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
FIGURE 14 INCREASING DEMAND FOR VALVES FROM HEALTHCARE & PHARMACEUTICALS INDUSTRIES DUE TO COVID-19 PANDEMIC IS DRIVING BALL VALVES MARKET
4.2 BALL VALVES MARKET, BY TYPE
FIGURE 15 TRUNNION-MOUNTED BALL VALVES TO HOLD LARGEST MARKET SHARE
4.3 MARKET, BY MATERIAL
FIGURE 16 STEEL BALL VALVES TO HOLD LARGEST MARKET SHARE BY 2025
4.4 MARKET, BY SIZE
FIGURE 17 BALL VALVES SIZED FROM 1” TO 6” TO HOLD LARGEST SHARE OF MARKET BY 2025
4.5 MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
FIGURE 18 CHINA AND ENERGY & POWER TO ACCOUNT FOR LARGEST MARKET SHARES IN APAC IN 2025
4.6 MARKET, BY COUNTRY
FIGURE 19 US TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 44)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 BALL VALVES MARKET: COVID-19-RELATED MARKET DYNAMICS
5.2.1 DRIVERS
FIGURE 21 MARKET DRIVERS AND THEIR IMPACT
5.2.1.1 Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic
5.2.1.2 Need for replacement of outdated ball valves and adoption of smart valves
5.2.1.3 Rising focus on industrialization, urbanization, and smart city development
5.2.1.4 Rise in new nuclear power plant projects and upgrade of existing ones
5.2.2 RESTRAINTS
FIGURE 22 MARKET RESTRAINTS AND THEIR IMPACT
5.2.2.1 Lack of standardized norms and governing policies
5.2.3 OPPORTUNITIES
FIGURE 23 MARKET OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Heightened investment in water & wastewater treatment plants to handle sanitation-related issues with rapid spread of COVID-19
5.2.3.2 Utilization of IIoT and digital transformation in industrial plants
5.2.3.3 Application of 3D printing technology in valve manufacturing
5.2.3.4 Focus of industry players on offering improved customer services
5.2.4 CHALLENGES
FIGURE 24 BALL VALVES MARKET CHALLENGES AND THEIR IMPACT
5.2.4.1 Adverse impact of COVID-19 pandemic on key end-user industries such as oil & gas and energy & power
5.2.4.2 Slowdown in oil & gas sector due to oil price crisis
5.2.4.3 Intense pricing pressure due to availability of local, low-priced valves
5.2.4.4 Rise in collaboration activities among industry players
6 INDUSTRY TRENDS (Page No. - 54)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 25 RAW MATERIAL AND COMPONENT SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO PRODUCT
6.3 ECOSYSTEM
FIGURE 26 VALVE ECOSYSTEM
6.4 IMPACT OF COVID-19 ON VALVE ECOSYSTEM AND EXTENDED ECOSYSTEM (ADJACENT MARKETS)
6.4.1 RAW MATERIAL AND COMPONENT SUPPLIERS
6.4.2 OEMS
6.4.3 SYSTEM INTEGRATORS
6.4.4 SALES AND DISTRIBUTION CHANNELS
6.5 CONSUMER BUYING PROCESS
6.5.1 ONLINE VALVE PURCHASE TREND TO DISRUPT TRADITIONAL CONSUMER BUYING PROCESS OF VALVE INDUSTRY
FIGURE 27 CONSUMER BUYING PROCESS
6.6 TECHNOLOGY ANALYSIS
6.6.1 DIGITIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES, SUCH AS ARTIFICIAL INTELLIGENCE, INTO VALVES
6.6.2 IMPACT OF IOT ON BALL VALVES MARKET
7 BALL VALVES MARKET, BY MATERIAL (Page No. - 61)
7.1 INTRODUCTION
FIGURE 28 BALL VALVES MARKET, BY MATERIAL
FIGURE 29 STAINLESS EXPECTED TO HOLD LARGEST SIZE OF BALL VALVES MARKET BY 2025
TABLE 2 BALL VALVES MARKET, BY MATERIAL, 2016–2019 (USD MILLION)
TABLE 3 MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
7.2 STAINLESS STEEL
7.2.1 STAINLESS STEEL BALL VALVES ARE HIGHLY CORROSION RESISTANT AND ROBUST
7.3 CAST IRON
7.3.1 CAST IORN MATERIAL WIDELY USED IN WATER & WASTEWATER INDUSTRY AND HYDROELECTRIC POWER PLANTS
7.4 ALLOY-BASED
7.4.1 ALLOY-BASED BALL VALVES ARE USED TO ACHIEVE DESIRED SPECIFICATIONS FOR DIVERSE USE CASES
7.5 CRYOGENIC
7.5.1 CRYOGENIC VALVES ARE MAINLY USED IN OIL & GAS INDUSTRY
7.6 OTHERS
7.6.1 BRASS
7.6.2 BRONZE
7.6.3 PLASTIC
8 BALL VALVES MARKET, BY VALVE TYPE (Page No. - 66)
8.1 INTRODUCTION
FIGURE 30 BALL VALVES MARKET, BY VALVE TYPE
FIGURE 31 TRUNNION-MOUNTED BALL VALVES LIKELY TO HOLD LARGEST SIZE OF MARKET BY 2025
TABLE 4 MARKET, BY VALVE TYPE, 2016–2019 (USD MILLION)
TABLE 5 MARKET, BY VALVE TYPE, 2020–2025 (USD MILLION)
8.2 TRUNNION-MOUNTED BALL VALVES
8.2.1 TRUNNION-MOUNTED BALL VALVES TO DOMINATE MARKET DURING FORECAST PERIOD
8.3 FLOATING BALL VALVE
8.3.1 FLOATING BALL VALVES TO WITNESS SIGNIFICANT GROWTH IN MARKET
8.4 RISING STEM BALL VALVE
8.4.1 RISING STEM BALL VALVES WIDELY USED IN CHEMICAL INDUSTRY
9 BALL VALVES MARKET, BY SIZE (Page No. - 70)
9.1 INTRODUCTION
FIGURE 32 BALL VALVES MARKET, BY SIZE
FIGURE 33 1’’ TO 6’’ VALVES EXPECTED TO HOLD LARGEST SIZE OF BALL VALVES MARKET BY 2025
TABLE 6 MARKET, BY SIZE, 2016–2019 (USD MILLION)
TABLE 7 MARKET, BY SIZE, 2020–2025 (USD MILLION)
9.2 UP TO 1”
9.2.1 UP TO 1” BALL VALVES ARE USED IN SMALL PLANTS
9.3 1” TO 6”
9.3.1 1” TO 6” BALL VALVES ARE USED IN DIVERSE VERTICALS
9.4 6” TO 25”
9.4.1 6” TO 25” BALL VALVES ARE USED IN LARGE-PRESSURE APPLICATIONS
9.5 25” TO 50”
9.5.1 25” TO 50” BALL VALVES ARE USED FOR HIGH-TEMPERATURE AND PRESSURE HANDLING APPLICATIONS
9.6 50” AND LARGER
9.6.1 50” AND LARGER BALL VALVES ARE MANUFACTURED ON DEMAND
10 BALL VALVES MARKET, BY END-USER INDUSTRY (Page No. - 74)
10.1 INTRODUCTION
FIGURE 34 BALL VALVES MARKET, BY END-USE INDUSTRY
FIGURE 35 OIL & GAS END-USER INDUSTRY TO HOLD LARGEST SIZE OF BALL VALVES MARKET BY 2025
TABLE 8 BALL VALVES MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 9 BALL VALVES MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
10.2 OIL & GAS
10.2.1 OIL & GAS COMPANIES TO WITNESS MAJOR SETBACK IN 2020 DUE TO OUTBREAK OF COVID-19 AND OIL PRICE CRISIS
FIGURE 36 OIL & GAS INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
TABLE 10 BALL VALVES MARKET FOR OIL & GAS INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
10.2.2 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
TABLE 11 BALL VALVES MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 12 MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 13 MARKET IN NORTH AMERICA FOR OIL & GAS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 14 MARKET IN NORTH AMERICA FOR OIL & GAS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 15 MARKET IN EUROPE FOR OIL & GAS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 16 MARKET IN EUROPE FOR OIL & GAS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 17 MARKET IN APAC FOR OIL & GAS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 18 MARKET IN APAC FOR OIL & GAS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 19 MARKET IN ROW FOR OIL & GAS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 20 MARKET IN ROW FOR OIL & GAS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.3 ENERGY & POWER
10.3.1 ENERGY & POWER END-USER INDUSTRY TO WITNESS SIGNIFICANT GROWTH IN BALL VALVES MARKET
FIGURE 37 ENERGY & POWER INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
TABLE 21 BALL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
10.3.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 22 BALL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 23 BALL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 24 MARKET IN NORTH AMERICA FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 25 MARKET IN NORTH AMERICA FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 26 MARKET IN EUROPE FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 27 MARKET IN EUROPE FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 28 MARKET IN APAC FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 29 MARKET IN APAC FOR ENERGY & POWER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 30 MARKET IN ROW FOR ENERGY & POWER INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 31 MARKET IN ROW FOR ENERGY & POWER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.4 WATER & WASTEWATER TREATMENT
10.4.1 RISE IN DEMAND FOR CLEANER WATER AND MODIFICATION IN OLDER WATER INFRASTRUCTURE TO AUGMENT DEMAND FOR BALL VALVES
FIGURE 38 WATER & WASTEWATER TREATMENT INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
TABLE 32 BALL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
10.4.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 33 BALL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 34 MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 35 MARKET IN NORTH AMERICA FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 36 MARKET IN NORTH AMERICA FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 37 MARKET IN EUROPE FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 38 MARKET IN EUROPE FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 39 MARKET IN APAC FOR WATER & WASTEWATER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 40 MARKET IN APAC FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 41 MARKET IN ROW FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 42 BALL VALVES MARKET IN ROW FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.5 CHEMICALS
10.5.1 APAC DOMINATES BALL VALVES MARKET FOR CHEMICAL END-USER INDUSTRY
10.5.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 43 BALL VALVES MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 44 MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 45 MARKET IN NORTH AMERICA FOR CHEMICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 46 MARKET IN NORTH AMERICA FOR CHEMICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 47 MARKET IN EUROPE FOR CHEMICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 48 MARKET IN EUROPE FOR CHEMICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 49 MARKET IN APAC FOR CHEMICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 50 MARKET IN APAC FOR CHEMICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 51 MARKET IN ROW FOR CHEMICALS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 52 MARKET IN ROW FOR CHEMICALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.6 BUILDING & CONSTRUCTION
10.6.1 CANCELLED OR POSTPONED SMART INFRASTRUCTURE PROJECTS TO RESULT IN SIGNIFICANT DECREASE IN DEMAND FOR BALL VALVES FROM BUILDING & CONSTRUCTION INDUSTRY
10.6.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 53 BALL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 54 MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 55 MARKET IN NORTH AMERICA FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 56 MARKET IN NORTH AMERICA FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 57 MARKET IN EUROPE FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 58 MARKET IN EUROPE FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 59 MARKET IN APAC FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 60 MARKET IN APAC FOR BUILDING & CONSTRUCTION INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 61 MARKET IN ROW FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 62 BALL VALVES MARKET IN ROW FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.7 PHARMACEUTICALS
10.7.1 BALL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY TO FLOURISH IN APAC
10.7.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 63 BALL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 64 MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 65 MARKET IN NORTH AMERICA FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 66 MARKET IN NORTH AMERICA FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 67 MARKET IN EUROPE FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 68 MARKET IN EUROPE FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 69 MARKET IN APAC FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 70 MARKET IN APAC FOR PHARMACEUTICALS INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 71 MARKET IN ROW FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 72 MARKET IN ROW FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.8 AGRICULTURE
10.8.1 IRRIGATION AND PRECISION FARMING ARE KEY APPLICATION AREAS OF BALL VALVES IN AGRICULTURE END-USER INDUSTRY
10.8.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 73 BALL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 74 MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 75 MARKET IN NORTH AMERICA FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 76 MARKET IN NORTH AMERICA FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 77 MARKET IN EUROPE FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 78 MARKET IN EUROPE FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 79 MARKET IN APAC FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 80 MARKET IN APAC FOR AGRICULTURE INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 81 MARKET IN ROW FOR AGRICULTURE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 82 BALL VALVES MARKET IN ROW FOR AGRICULTURE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.9 METALS & MINING
10.9.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGING USE OF BALL VALVES
10.9.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 83 BALL VALVES MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 84 MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 85 MARKET IN NORTH AMERICA FOR METALS & MINING INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 86 MARKET IN NORTH AMERICA FOR METALS & MINING INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 87 MARKET IN EUROPE FOR METALS & MINING INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 88 MARKET IN EUROPE FOR METALS & MINING INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 89 MARKET IN APAC FOR METALS & MINING INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 90 MARKET IN APAC FOR METALS & MINING INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 91 MARKET IN ROW FOR METALS & MINING INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 92 BALL VALVES MARKET IN ROW FOR METALS & MINING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.10 PULP & PAPER
10.10.1 APAC TO DOMINATE BALL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY DURING FORECAST PERIOD
10.10.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 93 BALL VALVES MARKET FOR PULP & PAPER INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 94 MARKET FOR PULP & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 95 MARKET IN NORTH AMERICA FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 96 MARKET IN NORTH AMERICA FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 97 MARKET IN EUROPE FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 98 MARKET IN EUROPE FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 99 MARKET IN APAC FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 100 MARKET IN APAC FOR PULP & PAPER INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 101 MARKET IN ROW FOR PULP & PAPER INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 102 BALL VALVES MARKET IN ROW FOR PULP & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.11 FOOD & BEVERAGES
10.11.1 BALL VALVES USED FOR FOOD SAFETY AND COMPLIANCE APPLICATIONS IN FOOD & BEVERAGES END-USER INDUSTRY
10.11.2 MNM VIEWPOINT (IMPACT OF COVID-19)
TABLE 103 BALL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 104 MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
TABLE 105 MARKET IN NORTH AMERICA FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 106 MARKET IN NORTH AMERICA FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 107 MARKET IN EUROPE FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 108 MARKET IN EUROPE FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 109 MARKET IN APAC FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 110 MARKET IN APAC FOR FOOD & BEVERAGES INDUSTRY, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 111 MARKET IN ROW FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
TABLE 112 BALL VALVES MARKET IN ROW FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
10.12 OTHERS
TABLE 113 BALL VALVES MARKET FOR OTHER INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)
TABLE 114 MARKET FOR OTHER INDUSTRIES, BY REGION, 2020–2025 (USD MILLION)
TABLE 115 MARKET IN NORTH AMERICA FOR OTHER INDUSTRIES, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 116 MARKET IN NORTH AMERICA FOR OTHER INDUSTRIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 117 MARKET IN EUROPE FOR OTHER INDUSTRIES, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 118 MARKET IN EUROPE FOR OTHER INDUSTRIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 119 MARKET IN APAC FOR OTHER INDUSTRIES, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 120 MARKET IN APAC FOR OTHER INDUSTRIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 121 MARKET IN ROW FOR OTHER INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)
TABLE 122 BALL VALVES MARKET IN ROW FOR OTHER INDUSTRIES, BY REGION, 2020–2025 (USD MILLION)
11 GEOGRAPHIC ANALYSIS (Page No. - 125)
11.1 INTRODUCTION
FIGURE 39 BALL VALVES MARKET: GEOGRAPHIC SNAPSHOT
TABLE 123 BALL VALVES MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 124 BALL VALVES MARKET, BY REGION, 2020–2025 (USD MILLION)
FIGURE 40 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF BALL VALVES MARKET DURING FORECAST PERIOD
11.2 NORTH AMERICA
FIGURE 41 NORTH AMERICA: BALL VALVES MARKET SNAPSHOT
FIGURE 42 NORTH AMERICA: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
TABLE 125 BALL VALVES MARKET IN NORTH AMERICA, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
11.2.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
TABLE 126 BALL VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 127 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 128 MARKET IN NORTH AMERICA, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 129 MARKET IN NORTH AMERICA, BY INDUSTRY, 2020–2025 (USD MILLION)
11.2.2 US
11.2.2.1 US expected to be fastest-growing ball valves market in North America
11.2.3 CANADA
11.2.3.1 Investments in natural gas projects to augment market growth during forecast period
11.2.4 MEXICO
11.2.4.1 Initiation of gas and electricity projects to drive ball valves market in Mexico
11.3 EUROPE
FIGURE 43 EUROPE: BALLS VALVE MARKET SNAPSHOT
FIGURE 44 EUROPE: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
TABLE 130 BALL VALVES MARKET IN EUROPE, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
11.3.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
TABLE 131 BALL VALVES MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 132 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 133 MARKET IN EUROPE, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 134 MARKET IN EUROPE, BY INDUSTRY, 2020–2025 (USD MILLION)
11.3.2 UK
11.3.2.1 Presence of valve manufacturers in UK favor ball valves market growth
11.3.3 GERMANY
11.3.3.1 Germany expected to witness fastest growth rate during forecast period
11.3.4 FRANCE
11.3.4.1 Investment in power generation technologies in France to boost ball valves market growth
11.3.5 ITALY
11.3.5.1 Market growth in Italy to be accelerated by upcoming investments in water & wastewater treatment industry
11.3.6 REST OF EUROPE
11.4 APAC
FIGURE 45 APAC: BALL VALVES MARKET SNAPSHOT
FIGURE 46 ASIA PACIFIC: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
TABLE 135 BALL VALVES MARKET IN APAC, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
11.4.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
TABLE 136 BALL VALVES MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 137 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 138 MARKET IN APAC, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 139 MARKET IN APAC, BY INDUSTRY, 2020–2025 (USD MILLION)
11.4.2 CHINA
11.4.2.1 China to continue to hold largest share of ball valves market in APAC
11.4.3 JAPAN
11.4.3.1 Reintegration of nuclear power plants to boost market growth in Japan
11.4.4 INDIA
11.4.4.1 Expansion of oil and gas pipeline infrastructure to boost growth of ball valves market in India
11.4.5 SOUTH KOREA
11.4.5.1 Demand from semiconductor and chemicals industries substantiate growth of ball valves market in South Korea
11.4.6 REST OF APAC
11.5 ROW
FIGURE 47 ROW: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
TABLE 140 BALL VALVES MARKET IN ROW, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION)
11.5.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
TABLE 141 BALL VALVES MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
TABLE 142 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
TABLE 143 MARKET IN ROW, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 144 MARKET IN ROW, BY INDUSTRY, 2020–2025 (USD MILLION)
11.5.2 MIDDLE EAST
11.5.2.1 COVID-19 pandemic to adversely affect ball valves market in Middle East
11.5.3 SOUTH AMERICA
11.5.3.1 Market projected to register slower growth due to pandemic
11.5.4 AFRICA
11.5.4.1 COVID-19 pandemic has adversely affected ball valves market in Africa
12 COMPETITIVE LANDSCAPE (Page No. - 148)
12.1 OVERVIEW
FIGURE 48 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES OPERATING IN BALL VALVES MARKET
12.2 MARKET SHARE ANALYSIS
FIGURE 49 MARKET LEADERS & MARKET SHARE ANALYSIS: BALL VALVES MARKET
12.3 COMPETITIVE SCENARIO
12.3.1 ACQUISITIONS AND AGREEMENTS
TABLE 145 KEY ACQUISITIONS AND AGREEMENTS, 2018–2019
12.3.2 KEY EXPANSIONS
TABLE 146 KEY PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS, 2018–2020
12.4 COMPETITIVE LEADERSHIP MAPPING
12.4.1 VISIONARY LEADERS
12.4.2 DYNAMIC DIFFERENTIATORS
12.4.3 INNOVATORS
12.4.4 EMERGING COMPANIES
FIGURE 50 BALL VALVES MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
12.5 STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 PLAYERS)
FIGURE 51 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN BALL VALVES MARKET
12.6 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS)
FIGURE 52 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN BALL VALVES MARKET
13 COMPANY PROFILES (Page No. - 157)
13.1 INTRODUCTION
(Business overview, Products/solutions/services offered, Recent developments, COVID-19-related developments, SWOT analysis & MnM View)*
13.2 KEY PLAYERS
13.2.1 EMERSON ELECTRIC
FIGURE 53 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
13.2.2 FLOWSERVE CORPORATION
FIGURE 54 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
13.2.3 CAMERON–SCHLUMBERGER LTD.
FIGURE 55 CAMERON–SCHLUMBERGER LTD.: COMPANY SNAPSHOT
13.2.4 NELES CORPORATION (METSO)
FIGURE 56 NELES CORPORATIO (METSO): COMPANY SNAPSHOT
13.2.5 IMI PLC.
FIGURE 57 IMI PLC.: COMPANY SNAPSHOT
13.2.6 CRANE CO.
FIGURE 58 CRANE CO.: COMPANY SNAPSHOT
13.2.7 KITZ CORPORATION
FIGURE 59 KITZ CORPORATION: COMPANY SNAPSHOT
13.2.8 TRILLIUM FLOW TECHNOLOGIES (WEIR FLOW CONTROL)
13.2.9 SPIRAX SARCO
FIGURE 60 SPIRAX SARCO PLC: COMPANY SNAPSHOT
13.2.10 NEWAY VALVES CO. LTD.
FIGURE 61 NEWAY VALVES CO. LTD.: COMPANY SNAPSHOT
13.2.11 VELAN INC.
FIGURE 62 VELAN INC.: COMPANY SNAPSHOT
*Details on Business overview, Products/solutions/services offered, Recent developments, COVID-19-related developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
13.3 RIGHT TO WIN
13.4 OTHER IMPORTANT PLAYERS
13.4.1 CHRISTIAN BÜRKERT
13.4.2 CURTISS-WRIGHT CORPORATION
13.4.3 ALFA LAVAL
13.4.4 APOLLO VALVES
13.4.5 VALVITALIA
13.4.6 AVK HOLDINGS
13.4.7 DWYER INSTRUMENTS
13.4.8 HAM-LET
13.4.9 SAMSON CONTROLS LTD
13.4.10 SWAGELOK
13.4.11 BRAY
13.4.12 AVCON
13.4.13 FORBES MARSHALL
13.4.14 JC FÁBRICA DE VÁLVULAS
14 APPENDIX (Page No. - 201)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study has involved four major activities in estimating the size of the ball valves market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the ball valves market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the ball valves market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:
- Key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- Revenue of various ball valve manufacturers is considered to arrive at global numbers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the ball valves market has been validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the ball valves market, by material, by type, by size, end-user industry, and geography, in terms of value
- To describe and forecast the market for various segments with regard to 4 main regions—North America, Asia Pacific (APAC), Europe, Rest of the World (RoW), in terms of value
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
- To study a complete valves value chain and analyze the current and future market trends
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments in the ball valves market
- To strategically profile key players, along with detailing the competitive landscape for market leaders
- To analyze strategic approaches in the market such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players based on various blocks of the value chain.
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Growth opportunities and latent adjacency in Ball Valves Market
I want Market forecast & opportunities in Ball valves upto 60 Inch size. Also need to know which type of Valve will have good market in future for pharmaceutical industry.
We are launching a new indigenous valve, which has potential to disrupt the Ball valve/ gate valve industrial market. more specifically in pressure rating - class 1500 and above. we would like to understand the potential market for our product with respect to ball/gate valve.