Industrial Valves Market (By Valve Type: Butterfly Valves, Ball Valves, Globe Valves, Gate Valves, Check Valves, Plug Valves, and Diaphragm Valves; By Material Type: Cast Iron, Alloy-Based, Steel, and Others; By Application: Water & Wastewater, Oil & Power, Food & Beverages, Chemical, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027
The global industrial valves market was valued at USD 87.23 Billion in 2019 and expected to reach USD 110.91 Billion by 2027 and poised to grow at a compound annual growth rate (CAGR) of 3.4% during the forecast period 2020 to 2027.
Growth Factors
Implementation of automation in the control valves owing to increa