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The ball valves market size is forecast to increase by USD 4.70 billion at a CAGR of 9.1% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for efficient resource management in various industries, including transportation and natural catastrophe recovery. The integration of technology, such as the Internet of Things (IoT) and Industrial Internet of Things (IIoT), into industrial processes is driving the market. Smart cities are also investing heavily in infrastructure development, leading to increased demand for reliable valve systems. However, challenges such as valve failure and intense pricing pressure from local, low-priced alternatives persist. To mitigate these challenges, companies are focusing on improving valve efficiency through remote monitoring and predictive maintenance. Natural catastrophes and transportation sectors continue to require ball valves for critical applications, making their reliability and performance essential. In the market, the focus on urbanization and industrialization, coupled with the need for more efficient and cost-effective solutions, is expected to drive growth in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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