With the demand for oil and gas persistently on the rise, performance expectations have also increased. Increase in demand has also led to an increased need for pipelines that can drill deeper and lower production costs. Especially when it comes to ball valves, there is an ever-increasing need for stronger and better performing valves.
Ball valves belong to the family of plug valves. They have superior flow-control characteristics compared to others which are mainly because of a round port moving across a circular seat and from the double pressure drop across the two seats. But the market of ball valve has experienced a lot of turbulence in the past few years. The article below reads about the market trends of the valves and the top ball valve companies around the world.
Future Market Outlook of Ball Valve
Among all the valves that are used in the industry, ball valves have the most extensive usage. These are specially designed valves constituting pivoting ball that aids in efficient controlling of material flow. The market of ball valve was valued at USD 11.01 billion in 2017. The oil and gas activity of the United States is expected to grow substantially in the near future due to growing production from the Permian basin of Texas and the Gulf of Mexico.
Many emerging economies such as China and South Korea are going through increased urbanization and industrialization activities. And due to this reason, energy infrastructure investment is increasing in the Asia-Pacific region. In the times to come, Asia-Pacific is expected to hold a substantial ball valves market share.
India, being a developing country experienced a rise in oil consumption, registering a CAGR of 8% during 2014-2016. With the increase in demand and drilling activities all around the world, the market for ball valves is expected to grow in the near future. Growing at a CAGR of 2.8%, ball valves market is expected to reach USD 13.04 billion by 2023.
Top Ball Valve Companies
- M&M International
M&M International is an Original Equipment Manufacturer (OEM) which has gained popularity as a manufacturer of kelly valves, safety valves and ball valves all around the world. The ball valves provided by the firm has bi-directional sealing. They provide the functionality of operating the valves manually or remotely just by operating and engaging stem on the outside of the valve body.
Halliburton is one of the largest industry providers of products and services. And the ball valves offered by the company are computer-controlled and highly efficient. They are used below the lock or bridge plug and can be controlled by remote command.
The ball valves offered by Schlumberger can be used for critical isolation, shutdown, and blowdown service applications. The different types of ball valves provided by the company are:
- T-30 Fully Welded Ball Valve
- GROVE B4 Side-Entry Ball Valve
- NAVCO Model C1 Floating Ball Valve
- NUTRON Model TM Metal-Seated Trunnion-Mounted Ball Valve
- RING-O Subsea Ball Valve
Weatherford, one of the largest oilfield service providers offers innovative solutions and technologies to the industry. The ball valves offered by the company allows unlimited opening and closing functionality, bi-directional sealing mechanism, and increased differential opening capacity.
Energy Dais for Ball Valves Companies
It is becoming difficult for the ball valves companies to find qualified business leads as the energy landscape keeps on evolving. The companies require a digital platform that can help them expand their business and reach. Energy Dais, an online digital platform for the oil and gas industry, is working towards helping the business get regular reliable leads and expanding their reach. To know more about the platform, visit our platform.