Robert Thomas08 Aug, 2024Other
The global ball valves market size reached US$ 13.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. The market is experiencing significant growth mainly driven by the rising demand in the oil and gas, water treatment and chemical industries. Enhanced safety and efficiency feature, along with the increasing automation in manufacturing are also contributing positively to the market growth.
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