The Global Valve market will rise to US92.65 Billions by 2020

Author:     Published time:2016-10-20 21:24     Reading times:953    

The 5.6% will be the CAGR of the The global valve market from 2016 to 2020 in terms of revenue. The market is expected to rise to US 92.65 billions by 2020,compare with the US71.21 billions in 2015.In terms of volume, the market is expected to grow at a CAGR of 4.6% during the forecast period. The stainless steel will be key materials used for manufacturing valves, accounting for a nearly 54% in 2015. Geographically, Asia Pacific leads the global valves market in terms of both volume and revenue. The shale gas boom in the U.S. will enable the North America valves market to witness sizeable traction in the next few years.