Key Trends Driving Industry Growth in Industrial Valve Market

The global industrial valves market size is estimated to be USD 80.4 billion in 2023 and is projected to reach USD 99.8 billion by 2028 at a CAGR of 4.4% according to a new report by MarketsandMarkets™. Growing demand for valves from pharmaceutical and healthcare industries, shifting focus of process industries towards adoption of automation solutions, and the globally rising need for establishing newer power plants and revamping existing ones are major factors driving the growth of the industrial valves market.