Ball Valves Market

Ball Valves Market by Size (Up to 1”, 1”–6”, 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

Report Code : SE 5368
Published ON : Feb, 2019

[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 ball valves 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.

Ball Valves Market

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 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.

Ball Valves Market

APAC to account for the largest 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 2019–2024. 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), Cameron–Schlumberger 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 market by helping its customers achieve superior projects and operational efficiencies through its extensive product portfolio and vertical industry expertise.

Recent Developments

  1. 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
  2. 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.
  3. 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 Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           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
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities in Ball Valves Market
    4.2 Ball Valves Market, By Material
    4.3 Ball Valves Market in APAC, By Country and Industry
    4.4 Ball Valves Market, By Valve Type
    4.5 Ball Valves Market, By Country (2019)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need for Ball Valve Replacement
                    5.2.1.2 Growth in Energy Consumption
                    5.2.1.3 Increasing Industrialization, Urbanization, and Smart City Initiatives
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardization of Certifications and Policies
           5.2.3 Opportunities
                    5.2.3.1 Integration of Iiot-Enabled Ball Valves to Avoid Unexpected Downtime
                    5.2.3.2 Use of 3d Printers in Manufacturing Lines
                    5.2.3.3 Increase in the Number of Refineries and Petrochemicals and Chemicals Plants Worldwide
           5.2.4 Challenges
                    5.2.4.1 Minimization of Lead Time
                    5.2.4.2 Existence of Manufacturers Providing Low-Priced Valves
    5.3 Value Chain Analysis

6 Ball Valves Market, By Material (Page No. - 43)
    6.1 Introduction
    6.2 Stainless Steel
           6.2.1 Stainless Steel Material to Dominate the Ball Valves Market During the Forecast Period
    6.3 Cast Iron
           6.3.1 Cast Iorn Material Gained Traction as It is Widely Used in Water & Wastewater Industry and Hydroelectric Power Plants
    6.4 Alloy Based
           6.4.1 Alloy Based Ball Valves Plays One of the Most Significant Role in the Ball Valves Market
    6.5 Cryogenic
           6.5.1 Cryogenic Material is Expected to Be Fastest Growing Owing to Its Higher Adoption Rate for Cryogenic Valve in Oil & Gas Industry
    6.6 Others
           6.6.1 Brass
           6.6.2 Bronze
           6.6.3 Plastic

7 Ball Valves Market, By Valve Type (Page No. - 48)
    7.1 Introduction
    7.2 Trunnion Mounted Ball Valves
           7.2.1 Trunnion Mounted Ball Valves to Dominate Market During the Forecast Period
    7.3 Floating Ball Valve
           7.3.1 Floating Ball Valves to Witness Significant Growth in the Market
    7.4 Rising Stem Ball Valve
           7.4.1 Rising Stem Ball Valves to Drive the Market for Chemical Industry

8 Ball Valves Market, By Size (Page No. - 52)
    8.1 Introduction
    8.2 Up to 1”
           8.2.1 Up to 1” Ball Valves to Witness Significant Growth in the Market
    8.3 1” to 6”
           8.3.1 1” to 6” Ball Valves to Dominate Market During the Forecast Period
    8.4 6” to 25”
           8.4.1 6” to 25” Ball Valves to Drive the Market for Large-Pressure Applications
    8.5 25” to 50”
           8.5.1 Chmicals, Energy & Power, and Pharmaceuticals Plants are Key Industries for 25” to 50” Ball Valves for High Temperature and Pressure Handling Applications
    8.6 50” and Larger
           8.6.1 50” and Larger Ball Valves to Drive the Market for Oil & Gas, Power, and Petrochemicals Industry

9 Ball Valves Market, By Industry (Page No. - 56)
    9.1 Introduction
    9.2 Oil & Gas
           9.2.1 Oil & Gas Industry to Dominate the Ball Valves Market During the Forecast Period
    9.3 Energy & Power
           9.3.1 Energy & Power Industry to Witness Significant Growth in Ball Valves Market
    9.4 Chemicals
           9.4.1 APAC Dominates the Ball Valves Market for Chemical Industry
    9.5 Water & Wastewater
           9.5.1 Water & Wastewater is Expected to Be Fastest Growing Industry for Ball Valves Market Owing to Modernizing the Aging Water Infrastructure and Increased Investments in Smart Cities
    9.6 Building & Construction
           9.6.1 Building & Construction Industry is Expected to Witness Significant Growth Owing to Urbanization and Smart Infrastructure
    9.7 Pharmaceuticals
           9.7.1 APAC to Drive Ball Valves Market for Pharmaceuticals
    9.8 Agriculture
           9.8.1 Irrigation and Precision Farming are Key Application Areas of Ball Valves for Agriculture Industry
    9.9 Metal & Mining
           9.9.1 APAC to Drive Ball Valves Market for Metal & Mining
    9.10 Paper & Pulp
           9.10.1 APAC to Dominate the Ball Valves Market for Paper & Pulp Industry During the Forecast Period
    9.11 Food & Beverages
           9.11.1 Food & Beverage Industry to Witness Significant Growth in Ball Valves Market
    9.12 Others

10 Geographic Analysis (Page No. - 90)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US is Fastest-Growing Country in Ball Valves Market in North America
             10.2.2 Canada
                        10.2.2.1 Growth in Oil & Gas Industry Drives Ball Valves Market in the Canada
             10.2.3 Mexico
                        10.2.3.1 Increasing Spending in Energy & Power Industry Drives Ball Valves Market in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Water and Wastewater Industry Projects Drive Ball Valves Market in Germany
             10.3.2 UK
                        10.3.2.1 UK to Hold Largest Share of Ball Valves Market in Europe
             10.3.3 France
                        10.3.3.1 Investment in Power Generation Technologies in France to Boost Ball Valves Market Growth
             10.3.4 Italy
                        10.3.4.1 Increase in Infrastructure and Water Treatment Equipment to Boost Demand for Ball Valves Market in Italy
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China to Hold Largest Share of Ball Valves Market in APAC
             10.4.2 Japan
                        10.4.2.1 Investment in Renewable Energy Sources and Power Generation in Japan Will Increase the Demand for Ball Valves.
             10.4.3 India
                        10.4.3.1 India is One of the Fastest-Growing Countries Regarding Ball Valves Market in APAC
             10.4.4 South Korea
                        10.4.4.1 Various Projects for Semiconductor and Chemical Industry Boost Growth of Ball Valves Industry in South Korea
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 Growth in Oil & Gas Industry Will Drive Ball Valves Market in South American Countries
             10.5.2 Middle East
                        10.5.2.1 Middle East to Hold Larger Share of Ball Valves Market in RoW
             10.5.3 Africa
                        10.5.3.1 Investment in Water and Power Industry Drives Ball Valves Market
                        in Africa 103

11 Competitive Landscape (Page No. - 104)
     11.1 Overview
     11.2 Market Rank Analysis
     11.3 Competitive Situations and Trends
             11.3.1 Expansion
             11.3.2 Top 5 Partnerships, Agreements, and Contracts
             11.3.3 Others
     11.4 Competitive Leadership Mapping
             11.4.1 Visionary Leaders
             11.4.2 Dynamic Differentiators
             11.4.3 Innovators
             11.4.4 Emerging Companies
     11.5 Strength of Product Portfolio (For All 27 Players)
     11.6 Business Strategy Excellence (For All 27 Players)

12 Company Profiles (Page No. - 113)
     12.1 Introduction
     12.2 Key Players
(Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.2.1 Emerson Electric Co.
             12.2.2 Flowserve Corporation
             12.2.3 Cameron–Schlumberger Ltd.
             12.2.4 Crane Co.
             12.2.5 IMI PLC.
             12.2.6 Kitz Corporation
             12.2.7 Metso
             12.2.8 Neway Valves Co. Ltd.
             12.2.9 Velan Inc.
             12.2.10 Weir Group PLC
     12.3 Innovators
             12.3.1 Burkert Fluid Control Systems
             12.3.2 Curtiss-Wright Corporation
             12.3.3 Alfa Laval
             12.3.4 Apollo Valves
             12.3.5 Valvitalia S.P.A
     12.4 Other Important Key Players
             12.4.1 AVK Holdings A/S
             12.4.2 Dwyer Instruments
             12.4.3 Ham-Let
             12.4.4 Samson Controls Ltd
             12.4.5 Swagelok

*Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 145)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (72 Tables)

Table 1 Ball Valves Market, By Material, 2015–2024 (USD Billion)
Table 2 Ball Valves Market, By Valve Type, 2015–2024 (USD Billion)
Table 3 Ball Valves Market, By Size, 2015–2024 (USD Billion)
Table 4 Ball Valves Market, By Industry, 2015–2024 (USD Billion)
Table 5 Ball Valves Market for Oil & Gas Industry, By Region, 2015–2024 (USD Million)
Table 6 Ball Valves Market in North America for Oil & Gas Industry, By Country, 2015–2024 (USD Million)
Table 7 Ball Valves Market in Europe for Oil & Gas Industry, By Country, 2015–2024 (USD Million)
Table 8 Ball Valves Market in APAC for Oil & Gas Industry, By Country, 2015–2024 (USD Million)
Table 9 Ball Valves Market in RoW for Oil & Gas Industry, By Country, 2015–2024 (USD Million)
Table 10 Ball Valves Market in Energy & Power Industry, By Region 2015–2024 (USD Million)
Table 11 Ball Valves Market in North America for Energy & Power Industry, By Country, 2015–2024 (USD Million)
Table 12 Ball Valves Market in Europe for Energy & Power Industry, By Country, 2015–2024 (USD Million)
Table 13 Ball Valves Market in APAC for Energy & Power Industry, By Country, 2015–2024 (USD Million)
Table 14 Ball Valves Market in RoW for Energy & Power Industry, By Country, 2015–2024 (USD Million)
Table 15 Ball Valves Market in Chemicals Industry, By Region 2015–2024 (USD Million)
Table 16 Ball Valves Market in North America for Chemicals Industry, By Country, 2015–2024 (USD Million)
Table 17 Ball Valves Market in Europe for Chemicals Industry, By Country, 2015–2024 (USD Million)
Table 18 Ball Valves Market in APAC for Chemicals Industry, By Country, 2015–2024 (USD Million)
Table 19 Ball Valves Market in RoW for Chemicals Industry, By Country, 2015–2024 (USD Million)
Table 20 Ball Valves Market in Water & Wastewater Industry, By Region 2015–2024 (USD Million)
Table 21 Ball Valves Market in North America for Water & Wastewater Industry, By Country, 2015–2024 (USD Million)
Table 22 Ball Valves Market in Europe for Water & Wastewater Industry, By Country, 2015–2024 (USD Million)
Table 23 Ball Valves Market in APAC for Water & Wastewater Industry, By Country, 2015–2024 (USD Million)
Table 24 Ball Valves Market in RoW for Water & Wastewater Industry, By Country, 2015–2024 (USD Million)
Table 25 Ball Valves Market in Building & Construction Industry, By Region 2015–2024 (USD Million)
Table 26 Ball Valves Market in North America for Building & Construction Industry, By Country, 2015–2024 (USD Million)
Table 27 Ball Valves Market in Europe for Building & Construction Industry, By Country, 2015–2024 (USD Million)
Table 28 Ball Valves Market in APAC for Building & Construction Industry, By Country, 2015–2024 (USD Million)
Table 29 Ball Valves Market in RoW for Building & Construction Industry, By Country, 2015–2024 (USD Million)
Table 30 Ball Valves Market in Pharmaceuticals Industry, By Region 2015–2024 (USD Million)
Table 31 Ball Valves Market in North America for Pharmaceuticals Industry, By Country, 2015–2024 (USD Million)
Table 32 Ball Valves Market in Europe for Pharmaceuticals Industry, By Country, 2015–2024 (USD Million)
Table 33 Ball Valves Market in APAC for Pharmaceuticals Industry, By Country, 2015–2024 (USD Million)
Table 34 Ball Valves Market in RoW for Pharmaceuticals Industry, By Country, 2015–2024 (USD Million)
Table 35 Ball Valves Market in Agriculture Industry, By Region, 2015–2024 (USD Million)
Table 36 Ball Valves Market in North America for Agriculture Industry, By Country, 2015–2024 (USD Million)
Table 37 Ball Valves Market in Europe for Agriculture Industry, By Country, 2015–2024 (USD Million)
Table 38 Ball Valves Market in APAC for Agriculture Industry, By Country, 2015–2024 (USD Million)
Table 39 Ball Valves Market in RoW for Agriculture Industry, By Country, 2015–2024 (USD Million)
Table 40 Ball Valves Market in Metal & Mining Industry, By Region, 2015–2024 (USD Million)
Table 41 Ball Valves Market in North America for Metal & Mining Industry, By Country, 2015–2024 (USD Million)
Table 42 Ball Valves Market in Europe for Metal & Mining Industry, By Country, 2015–2024 (USD Million)
Table 43 Ball Valves Market in APAC for Metal & Mining Industry, By Country, 2015–2024 (USD Million)
Table 44 Ball Valves Market in RoW for Metal & Mining Industry, By Country, 2015–2024 (USD Million)
Table 45 Ball Valves Market in Paper & Pulp Industry, By Region, 2015–2024 (USD Million)
Table 46 Ball Valves Market in North America for Paper & Pulp Industry, By Country, 2015–2024 (USD Million)
Table 47 Ball Valves Market in Europe for Paper & Pulp Industry, By Country, 2015–2024 (USD Million)
Table 48 Ball Valves Market in APAC for Paper & Pulp Industry, By Country, 2015–2024 (USD Million)
Table 49 Ball Valves Market in RoW for Paper & Pulp Industry, By Country, 2015–2024 (USD Million)
Table 50 Ball Valves Market in Food & Beverages Industry, By Region, 2015–2024 (USD Million)
Table 51 Ball Valves Market in North America for Food & Beverages Industry, By Country, 2015–2024 (USD Million)
Table 52 Ball Valves Market in Europe for Food & Beverages Industry, By Country, 2015–2024 (USD Million)
Table 53 Ball Valves Market in APAC for Food & Beverages Industry, By Country, 2015–2024 (USD Million)
Table 54 Ball Valves Market in RoW for Food & Beverages Industry, By Country, 2015–2024 (USD Million)
Table 55 Ball Valves Market in Others Industry, By Region 2015–2024 (USD Million)
Table 56 Ball Valves Market in North America for Others Industry, By Country, 2015–2024 (USD Million)
Table 57 Ball Valves Market in Europe for Others Industry, By Country, 2015–2024 (USD Million)
Table 58 Ball Valves Market in APAC for Others Industry, By Country, 2015–2024 (USD Million)
Table 59 Ball Valves Market in RoW for Others Industry, By Country, 2015–2024 (USD Million)
Table 60 Ball Valves Market, By Region, 2015–2024 (USD Billion)
Table 61 Ball Valves Market in North America, By Country, 2015–2024 (USD Million)
Table 62 Ball Valves Market in North America, By Industry, 2015–2024 (USD Million)
Table 63 Ball Valves Market in Europe, By Country, 2015–2024 (USD Million)
Table 64 Ball Valves Market in Europe, By Industry, 2015–2024 (USD Million)
Table 65 Ball Valves Market in APAC, By Country, 2015–2024 (USD Million)
Table 66 Ball Valves Market in APAC, By Industry, 2015–2024 (USD Million)
Table 67 Ball Valves Market in RoW, By Country, 2015–2024 (USD Million)
Table 68 Ball Valves Market in RoW, By Industry, 2015–2024 (USD Million)
Table 69 Major Ball Valve Manufacturers
Table 70 Expansion (2013–2018)
Table 71 Top 5 Partnerships, Agreements, and Contracts (2013–2018)
Table 72 Top 5 Product Launch, Acquisition, and Others (2013–2018)


List of Figures (50 Figures)

Figure 1 Ball Valves Market Segmentation
Figure 2 Ball Valves 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 Ball Valves Market Size (2015–2024)
Figure 8 1’’ to 6” to Hold Largest Size of Ball Valves Market By 2024
Figure 9 Ball Valves 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 Ball Valves Market in 2018
Figure 11 Oil and Gas Industry to Dominate Ball Valves Market During Forecast Period
Figure 12 APAC Accounted for Largest Share of Ball Valves Market in 2018
Figure 13 Increasing Demand for Ball Valves in APAC Driving Market Growth
Figure 14 Ball Valves Market for Cryogenic Material to Grow at Higher CAGR During Forecast Period
Figure 15 Energy & Power Industry to Hold Largest Share of Ball Valves Market in APAC in 2024
Figure 16 Trunnion Mounted to Hold Largest Share of Ball Valves Market During Forecast Period
Figure 17 US to Hold Largest Share of Ball Valves 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 Ball Valves Market, By Material
Figure 22 Stainless Steel Material to Hold Largest Size of Ball Valves Market By 2024
Figure 23 Ball Valves Market, By Valve Type
Figure 24 Trunnion Mounted Ball Valves Type to Hold Largest Size of Ball Valves Market By 2024
Figure 25 Ball Valves Market, By Size
Figure 26 1’’ to 6’’ Valves to Hold Largest Size of Ball Valves Market By 2024
Figure 27 Ball Valves Market, By Industry
Figure 28 Oil & Gas Industry to Hold Largest Size of Ball Valves Market By 2024
Figure 29 Oil Production and Consumption Trend, (2007—2017)
Figure 30 Natural Gas Production and Consumption Trend, (2007—2017)
Figure 31 Electricity Generation Trend, (2016—2017)
Figure 32 APAC Expected to Hold Largest Market Share in Building & Construction Industry for Ball Valves Market By 2024
Figure 33 APAC Expected to Hold Largest Market Share in Metal & Mining Industry for Ball Valves Market By 2024
Figure 34 APAC Expected to Hold Largest Market Share in Others Industry for Ball Valves Market By 2024
Figure 35 Geographic Snapshot (2019–2024): Ball Valves Market to Witness Significant Growth in APAC Countries, Such as India, During Forecast Period
Figure 36 North America: Ball Valves Market Snapshot
Figure 37 Europe: Balls Valve Market Snapshot
Figure 38 APAC: Ball Valves Market Snapshot
Figure 39 Organic and Inorganic Strategies Adopted By Companies Operating in Ball Valves Market
Figure 40 Ball Valves Market (Global) Competitive Leadership Mapping, 2018
Figure 41 Emerson Electric Co.: Company Snapshot
Figure 42 Flowserve Corporation: Company Snapshot
Figure 43 Cameron–Schlumberger 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.

Ball Valves Market

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 industry’s 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

Scope of the Report

Report Metric

Details

Market size available for years

2015–2024

Base year considered

2018

Forecast period

2019–2024

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)

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