Global Industrial Valves Market to reach $92.3 Billion
20 July 2021
The global industrial valves market is set to reach USD $92.3 billion by 2026.
During the COVID-19 crisis, the global market for Industrial Valves estimated at USD $73.2 Billion in the year 2020, is projected to reach a revised size of USD $92.3 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Ball Valves, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach USD $30.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Butterfly Valves segment is readjusted to a revised 3.7% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Industrial Valves market.
The U.S market is estimated at USD $20.3 billion in 2021, with the check valves segment to reach USD $12.4 billion by 2026. Read the full report here.
Courtesy of Yahoo Finance