Ball Valves Market

Market Leadership - Ball Valves Market

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valves from healthcare and pharmaceuticals industries due to outbreak of COVID- 19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants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.

Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI PLC (UK), and Metso (Finland) are the key players in the ball valves market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

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Emerson is a leading manufacturer of industrial valves and provider of process management products and solutions, such as valves, transmitters, analyzers, regulators, and automation systems. Additionally, the company provides vertical-specific engineering, consulting, and maintenance services to industries such as chemicals, food & beverages, industrial energy and onsite utilities, life sciences & medical, marine, metals & mining, oil & gas, power, pulp & paper, and water & wastewater treatment. The company‘s automation technologies, such as PlantWeb, have helped several organizations to improve their plant performance at a reduced cost. The company looks at acquisitions to enhance its product offerings for its customers. For example, in October 2016, Emerson agreed to acquire Permasense Limited, a UK-based leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemicals, power, pipelines, metals & mining, and other industries.

Flowserve Corporation designs, manufactures, and distributes industrial flow management equipment, as well as offers related services. The company operates through 2 business segments: Flow Serve Pump Division and Flow Control Division (FCD). The company’s Flow Control Division (FCD) offers valves and automation solutions, including isolation and control valves, actuation, controls, and related equipment, and energy management products, such as steam traps, boiler controls, and condensate and energy recovery systems. Flowserve serves industries such as oil & gas, chemicals, water and wastewater treatment water management, power generation, mining, pharmaceuticals, pulp & paper, and food & beverages. The company distributes its products across the world through direct sales channels, distributors, and sales representatives. The company adopts product development and acquisitions as growth strategies to enhance its presence in the industrial valve market. In May 2016, the company launched Equiwedge, a new forged gate valve design with enhanced features such as increased wall thicknesses with US standards, reduced weight benefits of European standards. This will help the valve to 150 perform under the challenging pressure and temperature conditions and will also increase power plant productivity, profit margins by maximizing safety and reliability.

Related Reports:

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

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Mr. Aashish Mehra
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[email protected]

Report Code
SE 5368
RI Published ON
9/11/2020
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