Increasing Demand for Ball Valves Market
The ball valve market is projected to reach USD 16.2 billion by 2027 from USD 13.0 billion in 2022, growing at a CAGR of 4.5% from 2022 to 2027. The market growth is mainly driven by the end-user industries adopting new and smart valves to replace old valves; growing smart city development, industrializations, and urbanization; and demand for valves from new and upgrading nuclear power plants.
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