Actuators & valves market to hit $124 B by 2024

Market Research Engine has published a new report titled “Actuators and Valves Market By Type Actuators (Mechanical, Pneumatic, Hydraulic, Electric, Manual and Hybrid Actuators), By Valves (Rotary Motion, Specialty and Self-Actuated Valve, Linear Motion) – Global Industry Analysis and Forecast 2016 – 2024” The actuators and valves market is expected to exceed more than USD $124 billion by 2024, growing at a CAGR of around 6 percent in the given forecast period.

The actuators and valves market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries. According to the report, the growth in urbanization is making a major demand for public and personal sector infrastructure development like power stations, installation, electricity grids and water treatment plants, which is driving the world actuators and valves market.

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