Industrial Valves Market To Gain From Enhanced Demand In End-use Industries Till 2022:Grand View Research,inc.
The global industrial valves market size was estimated at USD 58.31 billion in 2014. Rising automation on account of increased industrialization and expansion of existing facilities are projected to drive the market over the forecast period. Growing demand for flow control equipment is expected to favorably impact market growth. Smart valves with intelligent control systems are expected to gain significant importance which is expected to expedite their development. Increased adoption of diagnostics and smart technology in industrial valves for monitoring process variables which include upstream & downstream pressure stem position, temperature, and the flow rate is expected to fuel demand over the next seven years. Browse full research report on Global Industrial valves Market : http://www.grandviewresearch.com/industry-analysis/industrial-robotics-market Advancement of smart valves with integrated embedded processor and network capability for subsea oil & gas ...