Global Ball Valves Market Research Report 2022-2027
Bharat Book Bureau Provides the Trending Market Research Report on “Ball Valves Market by Type (Trunnion-mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy-based), Size, Industry (Oil & Gas, Energy & Power, Water & Wastewater) and Region - Global Forecast to 2027”under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Ball Valve Market is projected to reach USD 16.2 billion by 2027 from USD 13.0 billion in 2022, growing at a CAGR of 4.5% from 2022 to 2027. Factors driving the market are application of 3D printing technology in valve manufacturing, focus of industry players on offering improved customer services, increasing demand for ball valves in new and upgrades of existing of nuclear power plants.
“Stainless steel ball valves segment accounted for the largest market share in 2021”
The stainless steel ball valves segment accounted for the largest market share in 2021. Stainless steel ball valves are highly corrosion resistant and robust making them suitable for numerous applications in different industries including food & beverages, chemicals, pharmaceuticals, and metals & mining. Steel offers efficient mechanical properties and good resistance to stress corrosion and sulfides. Carbon steel offers high- and low-temperature strength.
Carbon steel valves can be used in applications where extreme pressure and temperature make other materials unusable. Carbon steel can withstand temperatures up to 850ºF and is used in the manufacturing of various types of ball valves. In industrial applications where pressure ratings, high-temperature functionality, and corrosion resistance are prerequisites for efficiency, stainless steel ball valves are used.
“Trunnion-mounted ball valves to account for largest market share during the forecast period.”
Market for Trunnion-mounted ball valves to account for largest market share during the forecast period. Trunnion-mounted ball valves use a spring mechanism and/or line pressure assistance to drive the upstream seat against the stationary ball. The surface area exposed to the pressure through the relatively small passageway is just at the back of the seat. It has additional mechanical anchoring at the top and bottom of the ball. This special mounting is suitable for larger and higher-pressure valves.
Moreover, this design permits a decrease in valve torque as the ball is supported in two places. These features makes trunnion-mounted ball valves is suitable for variety of applications including transmission and storage, gas processing, dryer sequence, and compressor anti-surge.
“1– 5” ball valves to account for largest market share during the forecast period.”
Market for 1– 5” ball valves to account for largest market share during the forecast period. The <1” and 1” to 5” segments collectively accounted for a large share of the overall ball valves market in 2021, and a similar growth trend is likely to be observed during the forecast period. This growth can be attributed to the increasing demand for ball valves in transportation and energy & power-based applications. The use of 1– 5” ball valves is increasing in the oil & gas, energy & power, water & wastewater treatment, chemicals, and other industries.
“Oil & gas to account for largest market share in 2022.”
The oil & gas industry needs deeper wells and longer pipelines and has been focusing on reducing production costs; this necessitates the use of specialized and critical equipment, such as valves, in oil and gas plants. Moreover, with the use of advanced equipment and technologies in production and transportation processes, performance requirements have become more stringent to ensure improved operational efficiencies. Hence, the incorporation of valves is essential in pipelines and other several processes to regulate the flow of liquid, gases, or any fluidized solid, which will propel the demand for ball valves during the forecast period.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1364093/ball-valves-market-by-type-trunnion-mounted-floating-rising-stem-material-stainless-steel-cast-iron-alloy-based-size-industry-oil-gas-energy-power-water-wastewater-and-region-global-forecast-to
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Last Update : 04 August 2022 1:54 PM
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