A growing importance for control & monitoring in process industries and the increasing demand for valve automation solutions are driving the growth of the industry. The valve positioners market is expected to grow from $1.7 billion in 2019 to $2.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.3% during the forecast period.
Market Research Future (MRFR)’s latest report indicates that the global Industrial Services Market Share is set to mark a CAGR of 5.9% during the forecast period 2020 to 2023. The valuation of the market is predicted to reach $35.71 Bn by the end of 2023. The increasing market presence of maintenance as a service is likely to fuel demand for industrial services over the next couple of years.