Leading Segments and their Growth Drivers 2020-2027 – The Daily Chronicle
Transparency Market Research recently published a report on the global valves market. The study forecasts the market to grow steadily during the forecast period due to the rising demand from the end-use industries. The stringent government regulations across different countries have also supported the global valves markets expansion during the forecast period of 2019 to 2027. The rising industrialization and development of advanced solutions have also been highly instrumental in the markets expansion states TMR.
Global Valves Market is Expected TO Grow With a CAGR of 7%
As per the analysis of Transparency Market Research, global valves market was valued US$ 69.7 billion and expected to grow with a CAGR of 7% from 2019 to 2027 and reach the market size of US$ 128.1 bn in 2027.
The market is highly competitive in nature with the presence of small and medium players. Major players operating in this market are adopting strategies including merger & acquisition, product innovation & developments. Moreover, some players are offering advanced and cost-efficient valves that offer enhanced pressure control.
Key companies operating in the global valves market include General Electric Company, Scientific AVK Holding A/S, Schlumberger Limited, KITZ Corporation, and Goodwin International Ltd.
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The Oil and Gas Industry to Lead the Valves Market
It has been estimated....