Stainless steel ball valve segment to hold a large market share by 2022. Stainless steel ball valves are highly corrosion resistant and robust, making them suitable for numerous applications in different industries, including food & beverages, хімічні речовини, фармацевтичні препарати, metals, and mining.
Cast steel offers efficient mechanical properties and good resistance to stress corrosion and sulfation. Cast steel(WCB) has high and low temperature strength. Carbon steel valves can be use in applications where extreme pressures and temperatures make other materials unusable. WCB can withstand temperatures up to 8500F and is used in the manufacture of all types of ball valves. Stainless steel ball valves used in industrial applications where pressure ratings, high temperature capabilities and corrosion resistance are prerequisites for efficiency.
The fixed ball cabinet holds a large market share during the forecast period
Stationary ball valves use a pop-up accumulation mechanism and/or line pressure assist to actuate the upstream seat against the stationary ball. The surface area exposed to pressure through the relatively small passage is just behind the seat. It has additional mechanical anchorage at the top and bottom of the ball. This special mounting is suitable for larger and higher pressure valves. В додаток, this design allows for reduced valve torque because the ball is supported in two positions. These features make trunnion mounted ball valves suitable for a variety of applications, including transfer and storage, gas handling, dryer sequences, and compressor anti-surge resistance.
The 1-5 дюйм ball valve market expected to hold a large market share during the forecast period.
Thereafter the market may show a growth trend. This growth is likely due to the growing demand for ball valves in transportation, energy and power applications. It also used in oil and gas, energy and power, water and wastewater treatment, and chemicals.
Valves will see a significant increase in the oil and gas market in 2023
The oil and gas industry requires deeper wells and longer pipelines, and has been focused on reducing production costs. This has necessitated the use of specialized critical equipment such as valves in oil and gas plants. В додаток, with the use of advanced equipment and technology in production and transportation, performance requirements have become more stringent to ensure increased operational efficiency. Thus, 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 over the forecast period.
North America expected to witness the highest CAGR for the ball valve market during the forecast period.
North American markets include the United States, Canada and Mexico, тощо. Rapidly growing investments in the industry and increasing energy consumption are driving the growth of the ball valve market due to the surge in population in the region. North America is a major consumer and producer of natural gas, dominated by the U.S. natural gas supply and demand dynamics. The North American natural gas market has a mature, integrated physical and financial market structure and a large domestic market. The U.S. is currently the largest producer and consumer of natural gas in the world. Moreover, the booming shale gas business in North America is likely to boost the market for additional wood.
In-depth interviews conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations in the ball valve market.
The ball valve market includes key players such as FOSS Corporation (U.S.), IMIplc (U.S.), Vimed (Neles Corporation) (Finland), Spiesak Limited (U.K.), Crane Co. (U.S.), Bray lnterational (U.S.), and VelanInc. (Canada) are the key players in the ball valve market. These top players have a strong product portfolio along with services and presence in mature and emerging markets.
— Compiled by Farpro information department