From OfficialWire: Fluid control equipment industry is highly fragmented catering to many industries like petroleum, chemical, industrial, power generation and water. Pumps are a major segment of the industry, growing on a normalized basis at 3-5%, out of which industrial pumps have a strong hold on the market.
Valve demand in the energy production sector will benefit from an increase in primary energy consumption in mature markets like North America as well as in developing markets such as Latin America. The North America, Western Europe and the Asia Pacific regions consist of the most mature markets for valves.
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Pumps, A Major Segment Of The Fluid Control Equipment Market, Is Increasing By 3-5% Annually