Trunnion mounted ball valves type segment of ball valve market is expected to continue its dominance.
Ball valve market is expected to grow US$ 12.89 billion by 2025 from US$ 10.38 billion in 2016.
The trunnion mounted ball offers lower operating torque of the ball in comparison to floating ball. This helps in reducing the complete cost of value actuation package since, it reduce the size of the actuator when the ball valve is actuated.
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The growth of ball valve is highly dependent upon the growth of industries such as oil & gas, chemical, power, mining, refining. Apart from these industries, the ball valves are used in ships, fire safety protection services, nuclear power generation,.
Globally, the manufacturing industry is anticipated to pertain its growth, as newer and innovative technologies plunge into these industries. The oil & gas industry is one of the major customers of ball valves.
List of Companies
Cameron Schlumberger Inc.
Curtiss Wright Corporation
Emerson Electric Co
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