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Ball Valves Market Trends, Top Companies, Share, Growth And Forecast 2032
Ball Valves Market
The Business Research Company's Ball Valves Global Market Report 2023 identifies rapid urbanization as the major driver for the ball valves market's growth in the forecast period. The development of infrastructure and construction activities due to urbanization has increased demand for ball valves.
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%.
Download Free Sample Of Ball Valves Market Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=8078&type=smp
Major competitors in the ball valves market are Emerson Electric Co., Schlumberger Limited, Flowserve Corporation, IMI PLC., Valmet (Neles Corporation), Spirax Sarco Limited, Crane Co., KITZ Corporation, Trillium Flow Technologies.
A key trend in the ball valves market includes Implementation of 3D printing technologies. 3D printing is a technique for building three-dimensional objects layer by layer by using a computer-generated design. 3D printing optimises valves for customer-specific requirements. For instance, in May 2021, Neles Corporation, a Finland-based company specialised in designing and manufacturing industrial valves and valve automation solutions, introduced a 3D-printed valve for field testing. The valve is a T5-series standard stainless steel ball valve. The field testing generated abundant valuable information about the potential of making pressure-retaining parts using 3D printing with noticeably shorter lead times. Additionally, 3D-printed noise attenuation trims use less material and have better flow paths than traditionally manufactured trims.
Read More On The Global Ball Valves Market Report Here:
https://www.thebusinessresearchcompany.com/report/ball-valves-global-market-report
The ball valves market is segmented -
• By Types: Trunnion-Mounted Ball Valves, Floating Ball Valve, Rising Stem Ball Valve
• By Material: Steel, Cast Iron, Cryogenic, Alloy Based, Other Materials
• By Size:
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