Global Industry Analysts has produced a new report entitled Industrial Valves – A Global Strategic Business Report that shows that the global industrial valve market will reach $112 USD by 2024 and that much of the expected growth will come from emerging markets.
Selected highlights from the report include sections on:
- Plant automation and parallel demand for automated valves
- Demand for digitally and hydraulically controlled smart valves
- Strong demand for diaphragm valves in the food processing plants
- Safety regulations against leaks drives demand for high quality valves
The report includes a market recap for 2011-2015 and projections for 2016-2024. The report covers all major valve types such as multi-turn, quarter-turn, safety & release valves, etc and covers end-user industries such as chemical, oil & gas, refining, pulp and paper, water & sewage and more.