Industrial Valves and Actuators Market Size to grow by USD 1700557 million from 2022 to 2027 Driven by the increasing investments in modernizing industrial facilities Technavio

NEW YORK, April 3, 2023 /PRNewswire/ — The industrial valves and actuators market size is estimated to increase by USD 17,005.57 million from 2022 to 2027. The market will progress at a CAGR of 5% during the forecast period, according to a recent market study by Technavio. The growth of the market is driven by increasing investments in modernizing industrial facilities. Modernizing plant facilities to incorporate automation becomes an essential aspect of any manufacturing process. The emerging trends in automation, such as 3D simulation, will shape the competitive landscape of the global industrial sector. Present-day manufacturers allocate a reasonable share…