Ball Valve Market Landscape Assessment By Type, Opportunities And Higher Mortality Rates By 2027
The Global Ball Valve
Market accounted for US$ 10.38 Bn in 2016 and is expected to grow at a CAGR
of 2.44% during the forecast period 2017 – 2025, to account for US$ 12.89 Bn in
2025.
Valves are mechanical devices that facilitate assistance in
controlling as well as regulating the flow of liquid and gases across various
industrial and commercial applications. Among these the ball valve are specially
designed valve constituting pivoting ball that aids in efficient controlling of
material flow among numerous end-user industries. The two-way ball valves are
considered to be the most common and highly used ball valves.
Moreover, three-way and four-way ball valves enable the flow
to travel in several directions, which includes 90 degree angles. Different
ball valves are used for different applications, depending on the nature and
requirement of the industry vertical. As a result, the ball valve market to
witness an attractive growth rate during the coming years and provide numerous profitable
opportunities for the market players in the forecast period. The South America
ball valve market region is expected to witness a CAGR growth rate of 0.7% in
the coming years.
Top Companies Mentioned:
Cameron Schlumberger, Crane, Curtiss Wright Corporation, Emerson Electric
Co, Flowserve Corporation, IMI Plc, KITZ Corporation, Metso Corporation,
Valvitalia SpA, Velan Inc
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