The Global Market for Industrial Valves is Forecast to Reach US$112 Billion by 2024
New Product Developments and Demand from Emerging Economies Drive the Global Industrial Valves Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Industrial Valves market. The global market for Industrial Valves is forecast to reach US$112 billion by 2024 , driven by steady demand from petrochemical, power generation, and water & wastewater industries; new product development replacing traditional products; and major impetus provided by the developing economies. Industrial valves, electromechanical or mechanical devices intended to control, divert and regulate pressure and flow of fluids by opening, blocking or closing fluid passage, are primarily utilized in capital-intensive industries. The industrial valves market is dependent upon new investments made or when existing facilities are to be upgraded with modern equipme...