Industrial Valves And Actuators Market Size Is Expected To Reach USD 145.87 Billion By 2025 : Grand View Research Inc.
San Francisco, 3 May 2019: The Report Industrial Valves and Actuators Market Size, Share & Trends Analysis Report By End Use (Oil & Gas, Chemical, Energy & Power, Pulp & Paper), By Product, By System, By Region, And Segment Forecasts, 2018 – 2025 The global Industrial Valves and Actuators Market size is expected to reach USD 145.87 billion by 2025 at a 4.14% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. Growing demand in the industrial sector, technological advancements propelling use of smart valves and actuators, and stringent government regulations have bolstered market growth. Adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they offer in controlling temperature and pressure throughout downstream, midstream, and upstream activities. Thus, growing oil and gas exploration activities have triggered demand for industrial valves and actuators. Increasing global water str