Process Automation Control Valves Market Size was $6.51 Billion in 2019 and is Expected to Grow at a CAGR of 6.79% During Forecast Period 2020-2025
Posted on Jun 3 2020 10:52 AM "The Global process automation control valve market is poised to witness significant growth during the forecast period. With the emergence of industry 4.0, there is high adoption of actuator valves, pneumatic solenoid valves and other valves for process automation." The process automation control valves market size was $6.51 billion in 2019 and is expected to grow at a CAGR of 6.79% during forecast period 2020-2025. Growth of the process automation control valves market can be attributed to increasing application of control valves in food & beverage, oil and gas, utilities, pharmaceutical, chemical and other industries and adoption of Internet of Things (IoT) technology in the process industries. The Global process automation control valve market is poised to witness significant growth during the forecast period. With the emergence of industry 4.0, there is high adoption of actuator valves, pneumatic solenoid valves and other valves for...