Ball Valves Market by Size (Up to 1, 16, 6 to 25, 25 to 50, 50 and Above), Type (Trunnion Mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry, and Geography - Global Forecast to 2024
[152 Pages Report] The ball valves market is expected to be valued at USD 12.6 billion in 2019 and is likely to reach USD 15.2 billion by 2024, at a CAGR of 3.75% during the forecast period. Need for ball valve replacement, growth in energy consumption, increasing industrialization, urbanization, and smart city initiatives across the globe are the key factors driving the market. Moreover, the integration of IIoT-enabled ball valves to avoid unexpected downtime, use of 3D printers in manufacturing lines, increase in the number of refineries, and petrochemicals and chemicals plants worldwide are expected to considerably boost the growth of the said market in the coming years.
By material type, stainless steel material to account for the largest market share during the forecast period
The ball valves market, by material, is segmented into stainless steel, cast iron, alloy based, cryogenic, and others. The stainless steel ball valves market is expected to witness significant growth during the forecast period. Rising demand for high-quality ball valves to mitigate the threat of contamination in critical processes, such as water and steam handling, in food & beverages, and chemicals industries will drive the market for stainless steel ball valves during the forecast period.
By industry, water & wastewater industry to grow at the highest CAGR during the forecast period
The ball valves market for the water & wastewater industry is expected to witness significant growth during the forecast period. Factors such as increasing population, scarcity of fresh water resources, and a wide presence of salinized water in comparison to freshwater are increasing the demand for desalination and wastewater treatment plants. Government initiatives have been taken by structural health monitoring units to provide safe and consumable fresh water for cleaning processes, agriculture, and other domestic purposes. Hence, these investments in the new facilities of water treatment plants are driving the ball valves market.
APAC to account for the largest Ball Valves market share during the forecast period
APAC is expected to account for the largest share of the ball valves market during the forecast period. The market in this region is also expected to witness significant growth during 20192024. The population growth and rapid urbanization in developing economies, such as China and India, have prompted the speedy development in the region, which will boost the demand for ball valves from several industries such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas.
Key Market Players
Key players in the ball valves market include Emerson Electric Co. (US), Flowserve Corporation (US), CameronSchlumberger Ltd. (US), Crane Co. (US), IMI Plc. (Finland), Kitz Corporation (Japan), Metso (Finland), and Neway Valves Co. Ltd (China). Emerson (US) is a leader in process control solutions and overall valve industry. The company has shown consistent growth in the ball valves market by helping its customers achieve superior projects and operational efficiencies through its extensive product portfolio and vertical industry expertise.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20152024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Material, Valve type, Size, Industry, and Region |
|
Geographies covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Emerson (US), Flowserve corporation (US), Cameron Schlumberger (US), Metso (Finland), and IMI PLC (UK), among others (total 20 players are covered). |
This research report categorizes the ball valves market based on material, valve type, size, industry, and region.
Ball Valves Market, By Material
- Stainless Steel
- Cast Iron
- Alloy Based
- Cryogenic
- Others (Brass, Bronze, and Plastic)
Ball Valves Market, By Valve Type
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
Ball Valves Market, By Size
- Up To 1
- 1 to 6
- 6 to 25
- 25 to 50
- 50 and Larger
Ball Valves Market, By Industry
- Oil & Gas
- Energy & Power
- Chemicals
- Water & Wastewater
- Building & Construction
- Pharmaceuticals
- Agriculture
- Metal & Mining
- Paper & Pulp
- Food & Beverages
- Others (Semiconductor, Textile, and Glass)
Ball Valves Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- APAC (China, Japan, India, South Korea and Rest of APAC)
- RoW (South America, Middle East, and Africa)
Recent Developments
- In December 2018, Metso signed a distributor agreement with Grψnbech & Sψnner A/S (Denmark) to offer the entire breadth of Metso's valve products and related solutions across Denmark
- In February 2017, NEWAY VALVE CO., LTD. (China) signed the first Domestic Subsea Valve contract with Offshore Oil Engineering Co., Ltd. (China). The contract includes a supply of subsea ball and subsea gate valves. It had a positive impact on the expansion of the sales of Neway Valves and helped in increasing the business growth.
- In August 2016, Emerson (US) acquired the Valves & Controls business of Pentair PLC (US) for USD 3.15 billion. This acquisition will help Emerson expand business position and create new growth opportunity, as well as deliver wide-ranging valve solutions to customers with the most extensive service network.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the leading industries of ball valves?
- How advancements in the industries is influencing the ball valves market?
- Which valve material is expected to penetrate significantly in the ball valves market?
- Which countries are expected to witness significant growth in the ball valves market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Content
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency and Pricing
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Market Size Estimation
2.1.1 Bottom-Up Approach
2.1.2 Top-Down Approach
2.2 Market Breakdown and Data Triangulation
2.2.1 Key Data From Secondary Sources
2.2.2 Key Data From Primary Sources
2.2.2.1 Key Industry Insights
2.3 Assumptions
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.3 Consumer Buying Process
6.4 IoT Impact on Ball Valve Market
7 Market, By Material
7.1 Introduction
7.2 Stainless Steel
7.3 Cast Iron
7.4 Cryogenic
7.5 Alloy Based
7.6 Others
7.6.1 Brass
7.6.2 Bronze
7.6.3 Plastic
8 Market, By Valve Type
8.1 Introduction
8.2 Trunnion Mounted Ball Valve
8.3 Floating Ball Valve
8.4 Rising Stem Ball Valve
8.5 Double Eccentric Segmented Ball Valve
9 Industrial Valve Market, By Size
9.1 Introduction
9.2 Up to 1
9.3 16
9.4 625
9.5 2550
9.6 50 and Larger
10 Ball Valve Market, By Industry
10.1 Introduction
10.2 Oil & Gas
10.3 Water & Wastewater Treatment
10.4 Energy & Power
10.5 Chemicals
10.6 Food & Beverages
10.7 Pharmaceuticals
10.8 Building & Construction
10.9 Agriculture
10.10 Pulp& Paper
10.11 Metals & Mining
10.12 Others (Textile and Semiconductor)
11 Ball Valve Market, By Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Rest of Europe
11.3 Asia-Pacific (APAC)
11.3.1 China
11.3.2 Japan
11.3.3 South Korea
11.3.4 India
11.3.5 Rest of APAC
11.4 Rest of the World (RoW)
11.4.1 Middle East
11.4.2 South America
11.4.3 Africa
12 Competitive Landscape
12.1 Overview
12.2 Market Player Ranking Analysis
12.3 Competitive Scenario
12.3.1 Competitive Situation and Trend
12.3.2 Acquisitions & Expansions
12.3.3 Product Launches and Developments
12.3.4 Partnerships & Collaborations
12.3.5 Others
12.4 Vendor Dive Analysis
12.4.1 Vanguards
12.4.2 Dynamic Players
12.4.3 Innovators
12.4.4 Emerging Players
13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Emerson
13.2.1.1 Business Overview
13.2.1.2 Products Offered
13.2.1.3 Recent Developments
13.2.1.4 SWOT Analysis
13.2.1.5 MnM View
13.2.2 Flowserve
13.2.2.1 Business Overview
13.2.2.2 Products Offered
13.2.2.3 Recent Developments
13.2.2.4 SWOT Analysis
13.2.2.5 MnM View
13.2.3 Cameron - Schlumberger
13.2.3.1 Business Overview
13.2.3.2 Products Offered
13.2.3.3 Recent Developments
13.2.3.4 SWOT Analysis
13.2.3.5 MnM View
13.2.4 IMI PLC
13.2.4.1 Business Overview
13.2.4.2 Products Offered
13.2.4.3 Recent Developments
13.2.4.4 SWOT Analysis
13.2.4.5 MnM View
13.2.5 Metso Corporation
13.2.5.1 Business Overview
13.2.5.2 Products Offered
13.2.5.3 Recent Developments
13.2.5.4 SWOT Analysis
13.2.5.5 MnM View
13.2.6 Kitz Corporation
13.2.6.1 Business Overview
13.2.6.2 Products Offered
13.2.6.3 Recent Developments
13.2.6.4 MnM View
13.2.7 Neway Valve (Suzhou) Co., Ltd.
13.2.7.1 Business Overview
13.2.7.2 Products Offered
13.2.7.3 Recent Developments
13.2.7.4 MnM View
13.2.8 Crane Co
13.2.8.1 Business Overview
13.2.8.2 Products Offered
13.2.8.3 Recent Developments
13.2.8.4 MnM View
13.2.9 Weir Group
13.2.9.1 Business Overview
13.2.9.2 Products Offered
13.2.9.3 Recent Developments
13.2.9.4 MnM View
13.2.10 Burkert Fluid Control System
13.2.10.1 Business Overview
13.2.10.2 Products Offered
13.2.10.3 Recent Developments
13.2.10.4 MnM View
13.3 Other Important Players
13.3.1 Alfa Laval
13.3.2 Apollo Valves
13.3.3 AVK Holdings A/S
13.3.4 Curtiss-Wright Corporation
13.3.5 Dwyer Instruments
13.3.6 Ham-Let
13.3.7 Samson AG
13.3.8 Swagelok
13.3.9 Velan Inc
13.3.10 Valvitalia S.P.A.
14 Appendix
List of Table (135 Tables)
Table 1 Ball Valve Market, By Material, 20152024 (USD Billion)
Table 2 Ball Valve Market, By Valve Type, 20152024 (USD Billion)
Table 3 Ball Valve Market, By Size, 20152024 (USD Billion)
Table 4 Market, By Industry, 20152024 (USD Billion)
Table 5 Market for Oil & Gas Industry, By Region, 20152024 (USD Million)
Table 6 Market in North America for Oil & Gas Industry, By Country, 20152024 (USD Million)
Table 7 Market for Oil & Gas Industry in US, By Type, 20152024 (USD Million)
Table 8 Market for Oil & Gas Industry in Canada, By Type, 20152024 (USD Million)
Table 9 Market for Oil & Gas Industry in Mexico, By Type, 20152024 (USD Million)
Table 10 Market in Europe for Oil & Gas Industry, By Country, 2015 2024 (USD Million)
Table 11 Market for Oil & Gas Industry in UK, By Type, 20152024 (USD Million)
Table 12 Market for Oil & Gas Industry in Germany, By Type, 20152024 (USD Million)
Table 13 Market for Oil & Gas Industry in France, By Type, 20152024 (USD Million)
Table 14 Market in APAC for Oil & Gas Industry, By Country, 2015 2024 (USD Million)
Table 15 Market for Oil & Gas Industry in China, By Type, 20152024 (USD Million)
Table 16 Market for Oil & Gas Industry in Japan, By Type, 20152024 (USD Million)
Table 17 Market for Oil & Gas Industry in India, By Type, 20152024 (USD Million)
Table 18 Market in RoW for Oil & Gas Industry, By Country, 2015 2024 (USD Million)
Table 19 Market in Energy & Power Industry, By Region 20152024 (USD Million)
Table 20 Market in North America for Energy & Power Industry, By Country, 20152024 (USD Million)
Table 21 Ball Valve Market for Energy & Power Industry in US, By Type, 20152024 (USD Million)
Table 22 Ball Valve Market for Energy & Power Industry in Canada, By Type, 20152024 (USD Million)
Table 23 Market for Energy & Power Industry in Mexico, By Type, 20152024 (USD Million)
Table 24 Market in Europe for Energy & Power Industry, By Country, 20152024 (USD Million)
Table 25 Market for Energy & Power Industry in UK, By Type, 20152024 (USD Million)
Table 26 Market for Energy & Power Industry in Germany, By Type, 20152024 (USD Million)
Table 27 Market for Energy & Power Industry in France, By Type, 20152024 (USD Million)
Table 28 Market in APAC for Energy & Power Industry, By Country, 20152024 (USD Million)
Table 29 Market for Energy & Power Industry in China, By Type, 20152024 (USD Million)
Table 30 Market for Energy & Power Industry in Japan, By Type, 20152024 (USD Million)
Table 31 Market for Energy & Power Industry in India, By Type, 20152024 (USD Million)
Table 32 Market in RoW for Energy & Power Industry, By Country, 20152024 (USD Million)
Table 33 Market in Chemicals Industry, By Region 20152024 (USD Million)
Table 34 Market in North America for Chemicals Industry, By Country, 20152024 (USD Million)
Table 35 Market for Chemicals Industry in US, By Type, 20152024 (USD Million)
Table 36 Market for Chemicals Industry in Canada, By Type, 20152024 (USD Million)
Table 37 Market for Chemicals Industry in Mexico, By Type, 20152024 (USD Million)
Table 38 Market in Europe for Chemicals Industry, By Country, 20152024 (USD Million)
Table 39 Market for Chemicals Industry in UK, By Type, 20152024 (USD Million)
Table 40 Market for Chemicals Industry in Germany, By Type, 20152024 (USD Million)
Table 41 Market for Chemicals Industry in France, By Type, 20152024 (USD Million)
Table 42 Market in APAC for Chemicals Industry, By Country, 2015 2024 (USD Million)
Table 43 Market for Chemicals Industry in China, By Type, 20152024 (USD Million)
Table 44 Market for Chemicals Industry in Japan, By Type, 20152024 (USD Million)
Table 45 Market for Chemicals Industry in India, By Type, 20152024 (USD Million)
Table 46 Ball Valve Market in RoW for Chemicals Industry, By Country, 2015 2024 (USD Million)
Table 47 Ball Valve Market in Water & Wastewater Industry, By Region 2015 2024 (USD Million)
Table 48 Ball Valve Market in North America for Water & Wastewater Industry, By Country, 20152024 (USD Million)
Table 49 Market for Water & Wastewater Industry in US, By Type, 20152024 (USD Million)
Table 50 Market for Water & Wastewater Industry in Canada, By Type, 20152024 (USD Million)
Table 51 Market for Water & Wastewater Industry in Mexico, By Type, 20152024 (USD Million)
Table 52 Market in Europe for Water & Wastewater Industry, By Country, 20152024 (USD Million)
Table 53 Market for Water & Wastewater Industry in UK, By Type, 20152024 (USD Million)
Table 54 Market for Water & Wastewater Industry in Germany, By Type, 20152024 (USD Million)
Table 55 Market for Water & Wastewater Industry in France, By Type, 20152024 (USD Million)
Table 56 Market in APAC for Water & Wastewater Industry, By Country, 20152024 (USD Million)
Table 57 Market for Water & Wastewater Industry in China, By Type, 20152024 (USD Million)
Table 58 Market for Water & Wastewater Industry in Japan, By Type, 20152024 (USD Million)
Table 59 Market for Water & Wastewater Industry in India, By Type, 20152024 (USD Million)
Table 60 Market in RoW for Water & Wastewater Industry, By Country, 20152024 (USD Million)
Table 61 Market in Building & Construction Industry, By Region 20152024 (USD Million)
Table 62 Market in North America for Building & Construction Industry, By Country, 20152024 (USD Million)
Table 63 Market for Building & Construction Industry in US, By Type, 20152024 (USD Million)
Table 64 Market for Building & Construction Industry in Canada, By Type, 20152024 (USD Million)
Table 65 Market for Building & Construction Industry in Mexico, By Type, 20152024 (USD Million)
Table 66 Market in Europe for Building & Construction Industry, By Country, 20152024 (USD Million)
Table 67 Market for Building & Construction Industry in UK, By Type, 20152024 (USD Million)
Table 68 Market for Building & Construction Industry in Germany, By Type, 20152024 (USD Million)
Table 69 Market for Building & Construction Industry in France, By Type, 20152024 (USD Million)
Table 70 Market in APAC for Building & Construction Industry, By Country, 20152024 (USD Million)
Table 71 Market for Building & Construction Industry in China, By Type, 20152024 (USD Million)
Table 72 Market for Building & Construction Industry in Japan, By Type, 20152024 (USD Million)
Table 73 Market for Building & Construction Industry in India, By Type, 20152024 (USD Million)
Table 74 Market in RoW for Building & Construction Industry, By Country, 20152024 (USD Million)
Table 75 Market in Pharmaceuticals Industry, By Region 20152024 (USD Million)
Table 76 Market in North America for Pharmaceuticals Industry, By Country, 20152024 (USD Million)
Table 77 Ball Valve Market for Pharmaceuticals Industry in US, By Type, 20152024 (USD Million)
Table 78 Ball Valve Market for Pharmaceuticals Industry in Canada, By Type, 20152024 (USD Million)
Table 79 Market for Pharmaceuticals Industry in Mexico, By Type, 20152024 (USD Million)
Table 80 Market in Europe for Pharmaceuticals Industry, By Country, 20152024 (USD Million)
Table 81 Market for Pharmaceuticals Industry in UK, By Type, 20152024 (USD Million)
Table 82 Ball Valve Market for Pharmaceuticals Industry in Germany, By Type, 20152024 (USD Million)
Table 83 Market for Pharmaceuticals Industry in France, By Type, 20152024 (USD Million)
Table 84 Ball Valve Market in APAC for Pharmaceuticals Industry, By Country, 20152024 (USD Million)
Table 85 Market for Pharmaceuticals Industry in China, By Type, 20152024 (USD Million)
Table 86 Market for Pharmaceuticals Industry in Japan, By Type, 20152024 (USD Million)
Table 87 Market for Pharmaceuticals Industry in India, By Type, 20152024 (USD Million)
Table 88 Market in RoW for Pharmaceuticals Industry, By Country, 20152024 (USD Million)
Table 89 Market in Agriculture Industry, By Region, 20152024 (USD Million)
Table 90 Ball Valve Market in North America for Agriculture Industry, By Country, 20152024 (USD Million)
Table 91 Market for Agriculture Industry in US, By Type, 20152024 (USD Million)
Table 92 Market for Agriculture Industry in Canada, By Type, 20152024 (USD Million)
Table 93 Market for Agriculture Industry in Mexico, By Type, 20152024 (USD Million)
Table 94 Ball Valve Market in Europe for Agriculture Industry, By Country, 20152024 (USD Million)
Table 95 Ball Valve Market for Agriculture Industry in UK, By Type, 20152024 (USD Million)
Table 96 Market for Agriculture Industry in Germany, By Type, 20152024 (USD Million)
Table 97 Market for Agriculture Industry in France, By Type, 20152024 (USD Million)
Table 98 Market in APAC for Agriculture Industry, By Country, 20152024 (USD Million)
Table 99 Ball Valve Market for Agriculture Industry in China, By Type, 20152024 (USD Million)
Table 100 Ball Valve Market for Agriculture Industry in Japan, By Type, 20152024 (USD Million)
Table 101 Ball Valve Market for Agriculture Industry in India, By Type, 20152024 (USD Million)
Table 102 Market in RoW for Agriculture Industry, By Country, 20152024 (USD Million)
Table 103 Market in Metal & Mining Industry, By Region, 20152024 (USD Million)
Table 104 Market in North America for Metal & Mining Industry, By Country, 20152024 (USD Million)
Table 105 Market in Europe for Metal & Mining Industry, By Country, 20152024 (USD Million)
Table 106 Market in APAC for Metal & Mining Industry, By Country, 20152024 (USD Million)
Table 107 Ball Valve Market in RoW for Metal & Mining Industry, By Country, 20152024 (USD Million)
Table 108 Market in Paper & Pulp Industry, By Region, 20152024 (USD Million)
Table 109 Market in North America for Paper & Pulp Industry, By Country, 20152024 (USD Million)
Table 110 Market in Europe for Paper & Pulp Industry, By Country, 20152024 (USD Million)
Table 111 Market in APAC for Paper & Pulp Industry, By Country, 20152024 (USD Million)
Table 112 Market in RoW for Paper & Pulp Industry, By Country, 20152024 (USD Million)
Table 113 Market in Food & Beverages Industry, By Region, 2015 2024 (USD Million)
Table 114 Market in North America for Food & Beverages Industry, By Country, 20152024 (USD Million)
Table 115 Market in Europe for Food & Beverages Industry, By Country, 20152024 (USD Million)
Table 116 Market in APAC for Food & Beverages Industry, By Country, 20152024 (USD Million)
Table 117 Market in RoW for Food & Beverages Industry, By Country, 20152024 (USD Million)
Table 118 Market in Others Industry, By Region 20152024 (USD Million)
Table 119 Market in North America for Others Industry, By Country, 20152024 (USD Million)
Table 120 Market in Europe for Others Industry, By Country, 2015 2024 (USD Million)
Table 121 Market in APAC for Others Industry, By Country, 2015 2024 (USD Million)
Table 122 Market in RoW for Others Industry, By Country, 20152024 (USD Million)
Table 123 Market in Others Industry, By Region 20152024 (USD Million)
Table 124 Market in North America, By Country, 20152024 (USD Million)
Table 125 Ball Valve Market in North America, By Industry, 20152024 (USD Million)
Table 126 Ball Valve Market in Europe, By Country, 20152024 (USD Million)
Table 127 Ball Valve Market in Europe, By Industry, 20152024 (USD Million)
Table 128 Ball Valve Market in APAC, By Country, 20152024 (USD Million)
Table 129 Ball Valve Market in APAC, By Industry, 20152024 (USD Million)
Table 130 Ball Valve Market in RoW, By Country, 20152024 (USD Million)
Table 131 Market in RoW, By Industry, 20152024 (USD Million)
Table 132 Major Ball Valve Manufacturers
Table 133 Expansion (20132018)
Table 134 Top 5 Partnerships, Agreements, and Contracts (20132018)
Table 135 Top 5 Product Launch, Acquisition, and Others (20132018)
List of Figures (50 Figures)
Figure 1 Ball Valves Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Market Size (20152024)
Figure 8 1 to 6 to Hold Largest Size of Market By 2024
Figure 9 Market, By Material (2019 vs 2024): Stainless Steel Segment to Hold Larger Market in 2019 and 2024
Figure 10 Trunnion Mounted Ball Valves Held Largest Share in Market in 2018
Figure 11 Oil and Gas Industry to Dominate Market During Forecast Period
Figure 12 APAC Accounted for Largest Share of Market in 2018
Figure 13 Increasing Demand for Ball Valves in APAC Driving Market Growth
Figure 14 Market for Cryogenic Material to Grow at Higher CAGR During Forecast Period
Figure 15 Energy & Power Industry to Hold Largest Share of Market in APAC in 2024
Figure 16 Trunnion Mounted to Hold Largest Share of Market During Forecast Period
Figure 17 US to Hold Largest Share of Market in 2019
Figure 18 Market Dynamics of Ball Valve Market
Figure 19 US Industrial Delivered Energy Consumption
Figure 20 Value Chain Analysis: Major Value Added During Raw Material and Component Suppliers and Original Equipment Manufacturing Phases
Figure 21 Market, By Material
Figure 22 Stainless Steel Material to Hold Largest Size of Market By 2024
Figure 23 Market, By Valve Type
Figure 24 Trunnion Mounted Ball Valves Type to Hold Largest Size of Market By 2024
Figure 25 Market, By Size
Figure 26 1 to 6 Valves to Hold Largest Size of Market By 2024
Figure 27 Market, By Industry
Figure 28 Oil & Gas Industry to Hold Largest Size of Market By 2024
Figure 29 Oil Production and Consumption Trend, (20072017)
Figure 30 Natural Gas Production and Consumption Trend, (20072017)
Figure 31 Electricity Generation Trend, (20162017)
Figure 32 APAC Expected to Hold Largest Market Share in Building & Construction Industry for Market By 2024
Figure 33 APAC Expected to Hold Largest Market Share in Metal & Mining Industry for Market By 2024
Figure 34 APAC Expected to Hold Largest Market Share in Others Industry for Market By 2024
Figure 35 Geographic Snapshot (20192024): Market to Witness Significant Growth in APAC Countries, Such as India, During Forecast Period
Figure 36 North America: Market Snapshot
Figure 37 Europe: Balls Valve Market Snapshot
Figure 38 APAC: Market Snapshot
Figure 39 Organic and Inorganic Strategies Adopted By Companies Operating in Market
Figure 40 Market (Global) Competitive Leadership Mapping, 2018
Figure 41 Emerson Electric Co.: Company Snapshot
Figure 42 Flowserve Corporation: Company Snapshot
Figure 43 CameronSchlumberger Ltd.: Company Snapshot
Figure 44 Crane Co.: Company Snapshot
Figure 45 IMI PLC.: Company Snapshot
Figure 46 Kitz Corporation: Company Snapshot
Figure 47 Metso: Company Snapshot
Figure 48 Neway Valves Co. Ltd.: Company Snapshot
Figure 49 Velan Inc.: Company Snapshot
Figure 50 Weir Group PLC: Company Snapshot
The study involved 4 major activities to estimate the current market size for ball valves. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include valve magazines, valve association data, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the ball valves market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, as well as verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the ball valves market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industrys supply chain and market size have been determined through primary and secondary research processes.
- 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 above, the overall 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, market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides in industrial and nonindustrial verticals.
Report Objectives
The following are the major objectives of the study.
- To define, describe, and forecast the overall ball valves market on the basis of material, type, size, industry, and geography
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
- To provide detailed information regarding major factors influencing the growth of the ball valves market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the opportunities in the ball valves market for stakeholders and detail the competitive landscape for the market players
- To strategically profile key players and comprehensively analyze market rankings and core competencies2
- To benchmark players in the market using the proprietary competitive leadership mapping, which analyzes market players on various parameters within broad categories of business and product strategies
- To analyze competitive developments such as joint ventures, mergers & acquisitions, and product launches, along with research and development (R&D) in the ball valves market
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Company Information:
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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.