Ball Valves Market Growth 2023 Projections: Reach $14.46 BILLION at 2.9% CAGR

PUNE, India, June 27, 2017 /PRNewswire-iReach/ -- The APAC is expected to register the highest ball valves market growth during the forecast period. Energy infrastructure investments are flourishing in APAC as electricity demand is increasing because of the increasing population. The governments in APAC are pushing for better product quality and power reliability, which are driving the industry growth. Moreover, the region has strengthened its position as the manufacturing hub for the global industry with companies such as Kitz Corporation (Japan), Neway Valves (China), and so on, and it has developed into the fastest-growing end-market for energy and transportation technologies. Complete report on "Ball Valves Market" spread across 180 pages, profiling 15 companies and supported with 152 tables and 46 figures is now available athttp://www.rnrmarketresearch.com/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-st-to-2023-market-report.html .

The ball valves market for 1" size ball valves is expected to grow at a high CAGR between 2017 and 2023. They are usually preferred for process plants with small capacities such as power plants, food and beverage processing plants, and other plants for less flow of media. These size valves are selected on the basis of flow pressure, noise, media, and vibration. Flowserve Corporation (US), Velan Inc. (Canada), Neway Valves (China), Curtiss-Wright (US), and others manufacture ball valves of size 1" and supply them to various verticals such as oil and gas, water and wastewater, building and construction, and others.

The ball valves market is expected to grow at a significant rate between 2017 and 2023. Key driving factors for the growth of the ball valves market are mergers & acquisition, partnership, and collaborations, increasing demand for industrialization in emerging economies, and evolution of Industrial Internet of Things (IIoT) with the increased communication and the demand for process safety. However, the major restraining factor for the growth of this market is the slowdown of the mining industry in APAC, Latin America, and Africa.

The ball valves market for cast iron is expected to grow at the highest CAGR during the forecast period. Cast iron and gray iron are used for the manufacturing of common water valves in which pressure and temperature are not a severe issue. Cast iron tends to be brittle, except for malleable cast irons. With its relatively low melting point, good fluidity, castability, excellent machinability, resistance to deformation, and wear resistance, cast irons have become an engineering material with a wide range of applications and are used in pipes, machines, and automotive industry parts such as cylinder heads, cylinder blocks, and gearbox cases.

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The major players operating in the ball valves market include Emerson Electric (US), Cameron (US), Flowserve (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). Download PDF Brochure "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" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1086188 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (30%) and Tier 3 (15%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (50%), Director Level (25%) and others (25%) from various key organizations operating in the ball valves market. The primary interviews were conducted worldwide covering regions such as North America (35%), Europe (25%), Asia-Pacific (30%), and RoW (10%).

Research Coverage: The research report on the ball valves market covers different segments- type, size, material, vertical, and geography. The ball valves market has been segmented on the basis of vertical into oil and gas, energy and power, water and wastewater, food and beverage, chemicals, pharmaceuticals, building and construction, and others (pulp and paper, agriculture, and metal and mining).

On a related note, another research titled Control Valves Market Global Forecast to 2023says, the control valves market is expected to be valued at $9.88 billion by 2023, growing at a CAGR of 5.33% between 2017 and 2023. Oil & gas industry is expected to hold the largest share of the control valves market by 2023. Control valves market for the energy & power industry is expected to grow at a high rate between 2017 and 2023. APAC is likely to dominate the control valves market by 2023. Companies such as Burkert Fluid Control System (Germany), Curtiss-Wright (North Carolina), Crane Co (US), Emerson (US), Flowserve Corporation (US), Alfa Laval (US), IMI Plc. (UK), Kitz Corporation (Japan), Met so (Finland), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), The Weir Group PLC (UK), Pentair Plc. (UK) have been profiled in this 163 pages research report available at http://www.rnrmarketresearch.com/control-valve-market-by-motion-rotary-linear-by-component-valve-body-actuator-and-others-by-application-oil-gas-chemicals-energy-power-water-management-pharmaceuticals-food-bevera-market-report.html .

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