Industry Analysis & Industry Trends
Valves play a crucial role in many industries in the modern economy. They are used in dishwashers, air conditioners and gas ovens as well as in the oil, gas, manufacturing, construction, energy and water industries. Kitchen and bathroom taps are also simple types of valves. International trade has a substantial influence on industry performance because exports account for a major share of revenue and imports satisfy a large share of domestic demand. However, the value of imports and exports are artificially inflated by re-exports. Industry revenue is expected to increase at a compound annual rate of 3.8% over the five years through 2016-17, fuelled by the rise in exports. Domestic demand conditions also strengthened over the past five years, which supported revenue growth... purchase to read more
Industry Report - Industry Products Chapter
A valve is a device with a moveable feature that allows it to open and close a passageway to allow, prevent or control the flow of fluids such as gases, liquids or slurries. A kitchen or bathroom tap is a simple type of valve. There are many types of valves, which are made from various types of metal or non-metallic substances.
Process control valves
Process control valves make up the largest product segment in the industry and are estimated to account for 16.2% of industry revenue in 2016-17. Control valves respond to signals from controllers to fully or partially open or close in response to a change in conditions such as pressure, flow, temperature or levels. These conditions are monitored by sensors that communicate with the controller. Var.. purchase to read more