World Valve Market to Grow 3.9% Annually from 2015 to 2019
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global valve industry is forecast to reach 3.9% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.8%. Currently, oleohydraulic and pneumatic transmissions valves account for 45.6% of the global demand while the remaining market share is divided between relief and safety valves (21.4%), pressure-reducing valves (17.2%) and check...
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