Press release
Ball Valves Market Forecast 2023-2032: Overview, SWOT Analysis, Top Manufactures, Type, Growth Trends, Key Application
Ball Valves Market
Ball Valves Market Size, Growth Rate, And Forecast
The global ball valves market size is expected to grow from $12.66 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 3.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ball valves market size is expected to grow to $15.22 billion in 2027 at a CAGR of 3.75%.
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Ball Valves Market Drivers
Rapid urbanization is expected to drive the growth of the ball valve market going forward. The development of infrastructure and construction activities due to urbanization has increased demand for ball valves
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Ball Valves Market Segments
1) By Types: Trunnion-Mounted Ball Valves, Floating Ball Valve, Rising Stem Ball Valve
2) By Material: Steel, Cast Iron, Cryogenic, Alloy Based, Other Materials
3) By Size:
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