The factors driving the market are the application of 3D printing technology in valve manufacturing, the focus of industry participants on providing improved customer service, and the increasing demand for new and upgraded existing nuclear power plant ball valves. Reportinker.com Announces the Release of Reports by Type, Material, Size, and Industry
The factors driving the development of the ball valve market by region are the application of 3D printing technology in valve manufacturing, the focus of industry participants on providing improved customer service, and the increasing demand for new and upgraded existing nuclear power plant ball valves.
The stainless steel ball valve segment holds the largest market share in 2021
The stainless steel ball valve segment holds the largest market share in 2021. Stainless steel ball valves have high corrosion resistance and robustness, making them suitable for numerous applications in different industries, including food and beverage, chemicals, pharmaceuticals, metals, and mining.
Steel has efficient mechanical properties and good resistance to stress corrosion and sulfurization. Carbon steel has 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 to manufacture various types of ball valves.
In industrial applications where pressure level, high-temperature function, and corrosion resistance are prerequisites for efficiency, stainless steel ball valves are used.
Fixed ball valves occupy the largest market share during the forecast period. The fixed ball valve market is expected to
Possess the largest market share. The fixed ball valve uses a spring mechanism and/or pipeline pressure assistance to drive the upstream seat against the stationary ball.
The surface area exposed to pressure through relatively small channels is located at the rear of the valve seat. It has additional mechanical anchoring at the top and bottom of the ball.
This special installation method is suitable for valves with larger and higher pressures. In addition, this design allows for a reduction in valve torque as the ball supports it
In two positions.
These characteristics make trunnion mounted ball valves suitable for various applications, including transmission and storage, gas processing, dryer sequences, and compressor anti surge.
During the forecast period, 1-5 inch ball valves will occupy the largest market share.
During the forecast period, the 1-5 inch ball valve market will occupy the largest market share< The 1 "and 1" to 5 "sub markets together account for a significant share of the entire ball valve market in 2021, and similar growth trends may be observed during the forecast period. This growth can be attributed to the increasing demand for ball valves in transportation and energy and power applications. In oil and gas, energy and electricity, water and wastewater treatment, chemicals
Oil and natural gas will occupy the largest market share in 2022
The oil and gas industry requires deeper wells and longer pipelines, and has been focused on reducing production costs; This requires the use of specialized critical equipment, such as valves, in oil and gas factories. In addition, with the use of advanced equipment and technology in production and transportation, performance requirements have become more stringent to ensure improved operational efficiency.
Therefore, the combination of valves is essential in pipelines and several other processes to regulate the flow of liquids, gases, or any fluidized solids, which will drive the demand for ball valves during the prediction period.
North America will witness the highest compound annual growth rate of the ball valve market during the forecast period
The North American market has been further segmented into the United States, Canada, and Mexico by country/region. Due to the rapid population growth in the region, rapidly growing investments in process and non process industries, as well as increasing energy consumption, are driving the growth of the ball valve market.
North America is a major consumer and producer of natural gas, dominated by the supply and demand dynamics of natural gas in the United States. The North American natural gas market has a mature and integrated physical financial market structure and a large domestic market. Natural gas production.
The United States is currently the world's largest producer and consumer of natural gas. In addition, the booming shale gas business in North America may promote market growth.
We conducted in-depth interviews with the CEO, Marketing Director, other Innovation and Technology Directors, and executives of various key organizations in the ball valve market.
● By company type: 1st -56%, 2nd -23%, and 3rd -21%
● By position: C-level executive -75%, manager -25%
● By region: North America -40%, Europe -23%, APAC-26%, and RoW-11%
The ball valve market includes major players such as Emerson Electric Company (USA), Schlumberger Company (USA), Flowserve Company (USA), IMIplc (USA), Neles Company (Finland), Spisak Limited (UK), CraneCo (USA), KITZ Corporation (Japan), Tillium Flow Technologies (USA), Bray Intermatic (USA), and Velan, Inc Canada is a major participant in the ball valve market. These top players have a strong product portfolio, as well as services and presence in mature and emerging markets.
