The demand the world has for valves for industrial uses has increased 4.3 percent and will continue to do so until 2019. Companies worldwide will spend $98.5 billion on these valves. Advances in the field including growth in chemicals and other manufacturing techniques, electric generators, and increase construction activity are increasing demand for these valves. Efforts to improve water infrastructures in third world countries and to upgrade water treatment and distributions in developed countries are expected to increase the sale of valves all the way through 2019. The use of smart valves is also set to increase. These valves are better performing but have a higher price.
Read more about the demand for industrial valves.