Frost & Sullivan has released their Analysis of the European Industrial Valves and Actuators Market, Forecast to 2024. The report projects that the $5.8 billion market will move up to $7.05 billion in value by 2024 largely driven by automation.

More specifically, the report predicts that “Automation and Initiatives Like Industrie 4.0 and IIoT are Expected to Drive the Market” during this timeframe. Industrie 4.0 (or Industry 4.0) refers to the fourth industrial revolution and IIoT refers to The Industrial Internet of Things.

From the official report URL:

Frost & Sullivan’s latest report, Analysis of the European Industrial Valves and Actuators Market, Forecast to 2024, deep-dives into the factors and trends influencing growth in the industrial valves and actuators sector in Europe. Major market drivers and restraints, segment-wise revenue forecast, detailed market share and competition analysis, and growth prospects are all discussed.

You can learn more about the report by visiting the Frost & Sullivan website.

 

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