Global Valve Industry Report 2019-2023 with Focus on the Chinese Industry - Global Market Size of Valves was Approx USD 55 Billion in 2018

A valve is a device that regulates, directs or controls the flow of fluid by opening, closing, or partially obstructing various passageways. A Valve is a key device in a fluid controlling system, which is generally applied in a liquid or gaseous fluid controlling environment. The major application fields include petroleum, natural gas, electric power, chemical industry, water supply and sewage treatment, papermaking, metallurgy, pharmacy and food producing. The development of the valve industry is closely related to the global economy because valves are widely applied to industries that involve fluid controlling.