Industrial valve market to surpass US$77 billion
05 December 2017
According to a new report by TechSci Research Report, Global Industrial Valves Market By Product Type, By Application, By Region, Competition Forecast & Opportunities, 2012 – 2022, the global industrial valve market is projected to reach US$77.7 billion by 2022.
This is because it will be backed by growing demand for industrial valves from energy, oil & gas, renewable power and various other industries. Moreover, a growing need to develop water & wastewater infrastructure, an increasing quest for reliable and clean power sources, rising investments, etc., are expected to boost the demand for industrial valves in the coming years.
An increasing number of manufacturing facilities and growing potential of replacement industrial valves is also anticipated to positively influence the global industrial valves market during forecast period.