A valve is a mechanical device that regulates or controls the flow of fluid (liquid or gas) through various gateways by closing and opening or partially obstructing them. Valves are also used to regulate temperature. In public places, valves are commonly used to control the water supply for household applications. However, valves are used to perform critical tasks in industries such as oil and gas, chemical, and others. Ball valves, gate valves, butterfly valves, and globe valves are some of the valves that are used.
High growth in the refining and power generation industries can provide significant opportunities for expansion. Adequate utilities and infrastructure development are critical to the economy's long-term growth. The power sector provides lucrative growth opportunities for the global valves market. Various countries all over the world are increasing their investments in power generation. For example, as of August 2016, the total number of power plants in the United States with at least one megawatt of capacity was 7,658. (MW). Furthermore, ball valves, globe valves, control valves, and so on play an important role in power generation plants. Valve functions include opening and closing inlets and outlets as well as controlling cooling circuits in power plants.
Read more @ https://cmiaspireblog.blogspot.com/2022/04/valves-market-global-analysis-trends.html
