Smart ball valves help Industry 4.0, and the global ball valve market has a compound annual growth rate of 4.5%

According to the latest report from Mordor Intelligence, the global industrial ball valve market is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2028, mainly driven by the demand for automation upgrades in the oil and gas, chemical and water treatment industries.

The report highlights that smart ball valves (with integrated IoT sensors and remote control systems) have become a new trend in the industry. For example, the "smart diagnostic ball valve" launched by an international valve manufacturer can monitor flow, temperature and leakage data in real time, and warn of faults through a cloud platform, significantly reducing the maintenance cost of industrial pipelines. In addition, the Asia-Pacific region (especially China and India) will become the fastest growing region in the ball valve market due to infrastructure expansion and environmental protection policies.