North America Industrial Valves Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The North American industrial valve market is projected to grow at a CAGR of 5.6% during the forecast period. The rising demand for valves in the healthcare and pharmaceutical industries as a result of the COVID-19 pandemic, the growing need for new nuclear power plants and the renovation of existing ones, the increasing need for connected networks to maintain and monitor industrial equipment, the rising adoption of automation technologies in process industries, and the growing global focus on the development of smart cities are the key driving factors for the industrial valve market.
Key HighlightsNorth America is highly fragmented, with some of the leading players based out of the region. It is a key market for industrial valves as the region is home to a few of the largest multinational corporations, such as Emerson (US), Cameron-Schlumberger (US), Flowserve Corporation (US), and Crane Co. (US).
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