Global Ball Value Market Report, Market Size and Growth rate:

According to recent reports published by research cosmos, the global ball value market is estimated to reach USD $ 13.46 billion by 2023 with a registered CAGR of 2.2 % during the forecast period.

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Growth driving factors of Global Ball Value Market:

As the demand for industrialization increases in developing economies, the need for ball valves is also increasing. It is believed as the factor driving the growth of the ball valve market. Recently, a concept known as Internet of Things (IoT) for personalized products, which crosses the market, has led to an industrial revolution together with the concept of Industry 4.0.

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Geographical Insights of Global Ball Value Market:

The region has several important suppliers of ball valves, such as Kitz Corporation (Japan) and Astech Valve Co. Ltd. (Taiwan), among others. The growing urbanization and rapid industrialization of emerging economies, such as China and South Korea, are fueling the market demand for ball valves in the region.

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Key Players operating in Global Ball Value Market:

• Flowserve Corporation
• Crane Co.
• Kitz Corporation
• 5+ More

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