Ball Valves Market

Emerson (US) and Flowserve Corporation (US) ae leading players in Ball Valves Market

Ball valves are widely used in process industries such as oil & gas, chemicals, pharmaceuticals, metal & mining, energy & power, and others for tight shutoff situations. Ball valves can be opened and closed quickly with the low-pressure drop, providing reliable leak protection that is useful in gas applications. 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 among the key driving factors for the ball valves market. 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 fueling the growth of the ball valves market.

Emerson Electric (US), Flowserve Corporation (US), Cameron-Schlumberger Ltd. (US), and IMI PLC (England) are some of the leading players in the ball valves market. Product launches, contracts, agreements, expansions, acquisitions, partnerships, and collaborations are some of the key strategies adopted by the major players to gain a competitive edge in this market.

Emerson Electric is one of the key players in the ball valves market. The company offers diversified product portfolio in process management, and it offers various types of ball valves such as trunnion mounted ball valve, severe service ball valve, and floating ball valves. In 2016, Emerson acquired the Valves & Controls Business of Pentair PLC (US) for USD 3.15 billion. This has helped Emerson create new growth capabilities and deliver wide-ranging valve solutions to customers with the most extensive service network. Owing to this, the company serves many industries such as chemical, food and beverage, oil and gas, power generation, pulp and paper, and water and wastewater to provide operations and services such as flow control, ease of operation, handling of critical applications, and maintenance services.

Flowserve Corporation is one of the largest players in the ball valves market. In the Flow Control Division, the company offers valves, actuators & controls, and related services. It offers a large category of ball valves such as trunnion-mounted ball valves, floating ball valves, rising stem ball valves, lined ball valves, segmented ball valves, and top entry ball valves. The company also offers services for end users such as parts & services, repair & upgrades, field & support services, engineering services, and asset performance management. The company’s objective is to grow its position as a product and integrated solutions provider in the flow control industry. With this objective, the company has adopted a strategy to sell products by building on existing sales relationships and leveraging the power of its portfolio of products and services to attract new customers. This strategy also includes delivering specific end-user solutions that help customers attain their business goals by ensuring maximum reliability at a decreased cost of ownership.

Other companies operating in the ball valves market include Cameron (US), IMI PLC (England), Metso (Finland), Neway Valves (China), Weir Group (UK), Kitz Corporation (Japan), JC Valves (Spain), Crane Co. (US), GWC Italia (Italy), Velan Inc. (Canada), Curtiss–Wright (US), Alfa Laval (Sweden), Burkert Fluid Control System (Germany), Apollo Valves (US), Valvitalia S.P.A (Italy), Forum Energy Technology (US), Swagelok (US), MRC Global Inc. (US), Hamlet (Israel), Flomatic Corporation (US), Dwyer Instruments Inc. (US), Astech Valve Co. Ltd. (Taiwan), and MIR Valves (Malaysia).

Related Reports:

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), Vertical, and Geography - Global Forecast to 2023

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Report Code
SE 5368
RI Published ON
2/26/2019
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