According to the research report titled ‘Global Industrial Valves Market (2020 Edition): Analysis By Valve Type, Technology, Size, End-User, By Region, By Country: Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global industrial valves market had reached a valuation of USD 72672.11 million in 2019 and is predicted to expand continuously during the forecast period.
 

Strict regulatory outlook pertaining to environmental and energy conservation coupled with mandatory reforms imposed by FDA concerning safety are some of the major factors driving the growth of global industrial valves market.
 

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Growing adoption for high-quality products and rising energy demand are also fueling the overall market size. Technological breakthroughs in this business space has allowed for development of industrial valves with low maintenance cost, and hence is stimulating the overall industry outlook.
 

Booming power, chemical, and food processing sectors coupled with swift industrialization are also augmenting global industrial valves market remuneration. Focus among private and public entities towards expanding small and medium scale businesses are favoring the overall market scenario.
 

The demand for industrial valves is predicted to surge following the COVID-19 pandemic owing to high concentration of advanced technologies, surging disposable income, and rising adoption of the product in household appliances. Evolving IIoT technologies and other technical advancements will also contribute towards global industrial valves market dynamics.
 

Regionally, Asia-Pacific is likely to capture the largest market share by the end of the forecast period. Rapid industrialization coupled with escalating investments in China and India owing to low production costs are positively swaying the business dynamics in Asia-Pacific.
 

Forbes Marshall, Spirax-Sarco Engineering plc, Velan Inc., Metso Oyj, IMI plc, Crane Co., Emerson Electric Corp., Baker Hughes Co., Schlumberger Limited, and Flowserve Corporation are the prominent companies operating in global industrial valves market.