Dropping oil prices, aging power generation plants, opportunities for LNG, growth in U.S. wastewater treatment, a faltering Chinese economy, a weakening U.S. dollar... just some of the issues discussed at a Valve Manufacturers Association 2016 Market Outlook event.Overall, the market is cloudy, according to the association's publication, Valve Magazine. Other recent research shows some future growth. The global industrial valves market in oil and gas industry is projected to grow at a CAGR of 5.30% over the period 2014-2019, and the market for industrial valves and actuators is projected to grow at a CAGR of 5.54% over the same period.
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