Actuators & Valves Market Analysis, Growth, Current Trends , Technology and Forecast 2014-2022 by Top Key players-Honey
A new report published by Allied Market Research, titled, Actuators & Valves Market by Type, and Application-Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the global actuators & valves market is expected to reach $125 billion with a CAGR of 6.3% by 2022. In 2014, North America dominated the market and contributed more than 32% share of the overall market revenue, followed by Europe. The presence of key market players in the U.S. & Europe, rapid industrialization in manufacturing sectors, rise in demand for enhanced safety & monitoring systems, increased application of actuators & valves in automotive and paper & pulp industry, increase in government regulations for manufacturing industries have fueled the actuators & valves market growth. However, high cost and limited accuracy in harsh conditions are expected to restrict the market growth.
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