Valves, Actuators and Positioners Market - Forecast(2021 - 2026)
Global Valves Market generated revenue of about $60.56 billion in 2017 growing with CAGR of 3.60% during the forecast period i.e. 2018-2023. APAC occupied the major market share in the valves market generating total revenue of $20.67 billion in 2017. What is Valves, Actuators and Positioners Market? Valves is a control units when electrically energy is passed the valves either shut off or it allows the fluid flow. The actuator takes the form of an electromagnet. When energized, a magnetic field builds up which pulls a plunger or pivoted armature against the action of a spring. When de-energized, the plunger or pivoted armature is returned to its original position by the spring action. Valves, actuators and positioners are segmented based on the type in which there are two way valves, three way valves. Two way valves are shut-off valves with one inlet port and one outlet port whereas the three way valves are provided with a three port connections and two valve seats one valve seal alw...