Industrial Valves Market Set for Robust Growth, Projected to Reach USD 104.62 Billion by 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Industrial Valves Market Size, Share & Trends Analysis Report By Type (Ball, Butterfly, Globe, Gate, Diaphragm, Safety, Check, Plug), Material (Steel, Cast Iron, Alloy Based, Cryogenic, Plastic, Bronze, Brass), Component (Actuator, Positioner), Function (On/Off, And Control), Size (<1, 1" To 6", 7" To 25", 26" To 50", And>50"), End-User (Chemicals, Energy & Power, Oil & Gas, Water & Wastewater Treatment, Building & Construction, Paper & Pulp, Metal & Mining, Agriculture, Semiconductor, Pharmaceutical, Food & Beverage) – Market Outlook And Industry Analysis 2031"

The global Industrial Valves market is estimated to reach over USD 104.62 billion by 2031, exhibiting a CAGR of 5.17% during the forecast period.
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The pharmaceutical and healthcare sectors are leading the fight against COVID-19 due to the coronavirus's quick proliferation. The manufacturing of every important medical gadget needed to treat COVID patients has increased. Several significant industry participants have seized the chance to combat the fatal coronavirus pandemic since industrial valves are crucial to the production of various types of medical equipment. Emerson's valves, for instance, can control pressure relief, maintain cleanliness in sterilisers, in oxygen therapy devices to help high-risk patients or those recovering, and support blood analyzers and other essential haematology equipment.