Analytics, Research & Consulting Valves, Actuators and Positioners Market | Page 3
Selected Industrial Vertical Analysis done in the full Report:
The major applications of Valves are in Oil & Gas industry, Power
Generation, Water & Waste Water Treatment, Chemicals, Automobile,
Aerospace, Mining and Marine industries. The Industries where Valves are
extensively used can be divided into two segments- Commercial Sector
and Industrial Sector. In the commercial sector, Aerospace industry is one
of the leading segment and is expected to reach $2.31 billion by 2024,
growing at a CAGR of 1.28%. The Automobile industry is one of the largest
consumers of Valves in the Commercial sector and is expected to reach
$3.16 billion by 2024, growing at a CAGR of 7.38%.
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