Arise in consumption of oil & gas has been witnessed in developed and developing regions. Thus, major exploration & production (E&P) companies are focusing on expanding their production facilities by building new processing plants and pipelines. Industrial valves ensure better safety in such installations. In regions such as North America, Europe, and Asia, major intra-country and inter-country pipelines projects are under development to meet the growing demand for oil & gas. This increasing onshore exploration, in turn is expected to increase demand for industrial valves. The report estimates that the Industrial Valves market is foreseen to expand by ~1.5 X to reach a valuation of ~US$ 96 Bn by the end of 2029.
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“Industry 4.0 and automation has compelled industrial valves manufacturers to move beyond traditional engineering models, by eliminating unreliable manual intervention” says the Fact.MR analyst
Fact.MR’s study on the Industrial Valves market offers information divided into four key segments— valve type, valve material, function, end use and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Crucial insights in the Industrial Valves Market research:
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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