Tuesday 25 February 2020

Pressure Reducing Valve Market Size Global Overview, Upcoming Trend, Key Players, Industry Analysis, Market Size, share and Forecast Till 2026

Feb 20, 2020 (KD Market Insights via COMTEX) -- Pressure Reducing Valve Market by Type (Direct Acting, and Pilot Operated), Operating Pressure (Below 300 Psig, 301-600 Psig, and Above 600 Psig), and End-User (Oil & Gas, Power Generation, Chemical, Water & Wastewater, Metals & Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
The Global Pressure Reducing Valves Market is estimated to grow at a CAGR of 4.5% during the forecast period 2019-2026. As per the analysis, the market was valued at $2,501.7 million in the year 2018 and anticipated to reach $3,617.7 million by the year 2026.
Pressure reducing valves is a type of safety valve that is used to limit and control the pressure in a system to avoid instrument or equipment failure. Pressure reducing valves are used in various industries such as Food & Beverages, Pulp & Paper, Pharmaceuticals, Power Generation, Chemical Processing and Oil & Gas among others.

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