Global Ceramic Ball Valve Market is Projected to Reach US$ 130 Million by 2023

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New report published by Global QYResearch which offers insights on the global Ceramic Ball Valve market. The Ceramic Ball Valve market has been experiencing steady growth graph since past years. In 2017 the global Ceramic Ball Valve market was valued at US$ 103 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 130 Million growing at a value CAGR of 4% throughout the period of forecast.
 
Global Ceramic Ball Valve Market by Type
 
A ball valve is a device with a spherical closure unit that provides on/off control of flow. The sphere has a port, also known as a bore, through the center. When the valve is positioned such that the bore is aligned in the same direction as the pipeline, it is in open position and fluid can flow through it. When rotated 90 degrees, the bore becomes perpendicular to the flow path, meaning the valve is closed and the fluid cannot pass through.
 
The main types are Manual Operated Ceramic Ball Valve, Electric Operated Ceramic Ball Valve, Pneumatic Operated Ceramic Ball Valve and other type.
 
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Pneumatic Operated Ceramic Ball Valve dominate the market.
 
Global Ceramic Ball Valve Market: Market Driver and Restraint
 
Ceramic Ball Valve is used in Oil and Gas Industry, Chemical Industry, Steel Industry, Power Industry and Other Applications.
 
The oil and gas industry is a subset of the pipelines category. Due to the high demand for oil and gas, deeper wells, longer pipelines, and lower production costs have become necessary. Along with the need for an inexpensive valve, the device must also be tougher, last longer, and perform better to meet the demands of the industry.
 
They are used for pneumatic tank trailers, railcars, chemical and pharmaceutical plants, and any application requiring the processing, movement and storage of dry bulk or liquid materials: butterfly valves, lined ball valves, actuators, aeration systems, relief valves, hopper tees, couplers, and sanitary valves.
 
Steel industry contain a great many valves. valves are used wherever temperature, pressure, and flow rates must be regulated and are particularly in demand in CSP plants, strip-cooling zones, cold-rolling mills, and in steel manufacturing and refinement.
 
The power generation industry, especially coal-fired power plants, favors pinch and knife gate valves for use with lime slurry, fly ash slurry and powder, scrubber slurry, river coolant water, coal sludge and the like.
 
 
Global Ceramic Ball Valve Market: Forecast by Region
 
North America, Europe, Japan and China are the regions that are included in this report. Europe is the dominant market in the global Ceramic Ball Valve market in terms of value. The North America market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of Ceramic Ball Valve.
 
Global Ceramic Ball Valve Market: Key Players
 
Fujikin, Yantai Kingway, CERA SYSTEM, METSO, Nil-Cor, Shengkai Industry, Huagong Valve, Dingchuang, Shanggao Valve, Neeinn, Xiamen Fuvalve, Samuel Industries, SAMSON Group, Xinfeng , PRE-VENT GmbH, Yongjia Yajin  and FOYO.
 
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