New York, Jan. 15, 2024 (GLOBE NEWSWIRE) — Industrial valves are essential components used to regulate, control, and direct the flow of fluids (liquids, gases, or slurries) within a system. They find extensive applications across various industries, including oil and gas, water and wastewater, chemicals, power generation, and manufacturing. The global Industrial Valves market is currently valued at USD 71.2 billion. With a compound annual growth rate (CAGR) of 5.1%, the market is anticipated to reach USD 100.9 billion by 2023–2030. Factors driving market growth include increased demand for energy, infrastructure development, and a focus on process optimization in industries.
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