Global Ball Valve Market to Touch USD 12.89 Bn by 2025, Expects The Insight Partners in Its Insightful Study Available at MarketPublishers.com14 Aug 2017 • by Natalie Aster
LONDON – By the year 2025, the value of the global market for ball valves is projected to touch USD 12.89 billion. Growth in such industries as chemical, oil & gas, refining, power and mining has a direct impact on the global ball valve industry development. Moreover, other important applications of ball valves include nuclear power generation, ships, fire protection services, etc.
The trunnion mounted ball valves sector is likely to maintain its dominant position in the coming years; this is attributed to lower operating torque if compared with floating ball.
The oil & gas industry is one of the largest consumers of ball valves. Constantly expanding urabnisation in both developing and developed countries has resulted in the escalated demand for oil and gas supply; furthermore, new exploration of natural gases worldwide resulted in construction of novel pipeline infrastructure and introduction of new storage and refinery solution. All this has a positive influence on the ball valve market growth.
The insightful research publication “Ball Valve Market to 2025 - Global Analysis and Forecasts by Type; Material and End-use Verticals” worked out by The Insight Partners gives access to an extensive analysis of the global market for ball valves. It includes a detailed overview of the market segments, discloses data on the historical and present market performance, highlights the market dynamics, reviews the key forces shaping the market and discusses the top trends. Besides, this report identifies and canvasses the major market growth challenges and opportunities, scrutinises the competitive landscape, offers info on the top players, and presents a comprehensive future outlook through 2025.
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