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Industrial Valves Market 2022

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The global industrial valves market size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market.

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Smarter Pneumatic Valves Enhance Automation Systems

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As the automation industry advances toward digital transformation, some think that proven manufacturing technologies like pneumatics may become “outdated.” However, pneumatic technologies such as control valves continue to evolve, incorporating sensors, industrial network interfaces, wireless technology, and complex digital control features that can significantly improve automation applications through access to smarter, actionable information.

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neo-valves

Neo Valves Believes in bringing to you a wide range of industrial Valves to suit your specific working condition.

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