Industrial Valves Market to Surpass $ 77 Billion by 2022
Growing energy demand, increasing number of power
plants and government initiatives towards water & wastewater infrastructure
to drive global industrial valves market through 2022
According
to TechSci Research report, “Global
Industrial Valves Market By Product Type, By Application, By Region,
Competition Forecast & Opportunities, 2012 – 2022”, global
industrial valves market is projected to reach $ 77.7 billion by 2022, backed
by growing demand for industrial valves from energy, oil & gas,
renewable power and various other industries. Moreover, growing need to develop
water & wastewater infrastructure, increasing quest for reliable and clean power
sources, rising investments, etc., are expected to boost demand for industrial valves in the coming years, globally. 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.
Browse 108 market data Tables and 90 Figures spread through 292
Pages and an in-depth TOC on "Global Industrial Valves Market" https://www.techsciresearch.com/report/global-industrial-valves-market/1572.html
In the product type category, global industrial valves market was
dominated by globe valves in 2016, owing to features such as low resistance to
fluid flow and superior sealing capabilities. Technological advancements in the
production of crude oil and natural gas from new offshore and onshore fields
are being witnessed across the globe. On account of these advancements in the
oil & gas sector coupled with growing investments in the construction of
pipelines to execute efficient transportation of oil & gas, demand for
industrial valves from global oil & gas sector is expected to increase at a
robust pace through 2022.
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“With growing population and depleting water resources
across the globe, need for clean water and sanitation has become the need of
the hour. Numerous governments are taking initiatives and measures to meet the
growing demand for water supply from the booming population. Huge investments
being made to upgrade and replace the aging water and wastewater facilities,
globally, are anticipated to propel growth in the global industrial valves
market in the ensuing years.”, said Mr. Karan Chechi, Research Director at
TechSci Research, a research based global management consulting firm.
“Global
Industrial Valves Market By Product Type, By Application, By Region,
Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of the global
industrial valves market and provides statistics and information on market
structure, size, share and trends. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the global industrial valves market.
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