The global industrial valve market is expected to record a CAGR of over 4% over the forecast period. The main factor driving the research market is the increasing demand in the power and chemical industries. The stagnant industrial growth in developed countries is expected to hinder the growth of the research market. The oil and gas industry has dominated the market and is expected to experience growth over the forecast period as oil and gas activity grows globally. The increasing demand for automatic valves will serve as opportunities for the future. Asia Pacific dominated the world’s most consuming markets in countries such as China and India.
A full report of Industrial Valves Market is available at: https://www.orionmarketreports.com/industrial-valves-market/44679/
Industrial Valves Market Segments
By Material Type
• Cast Iron
• Steel
• Alloy-Based
• Others
By Valve Type
• Ball Valves
• Butterfly Valves
• Gate Valves
• Globe Valves
• Plug Valves
• Check Valves
• Diaphragm Valves
By Application
• Oil & Power
• Water & Wastewater
• Chemical
• Food & Beverage
• Others
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
