Subsea Valves Market Is Anticipated to Grow $334.50 Million by 2022 - Press Release

Global Subsea Valves Market Set for Rapid Growth, to Reach USD 334.50 Million by 2022

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Sarasota, FL -- (SBWIRE) -- 08/23/2018 -- Zion Market Research has published a new report titled "Subsea Valves Market (Subsea Gate Valves, Subsea Needle Valves, Subsea Ball Valves, Subsea Check Valves and Others): Global Market Perspective, Comprehensive Analysis, and Forecast, 2016 2022". According to the report, global subsea valves market was valued at USD 302.50 million in 2016 and is expected to reach USD 334.50 million in 2022, growing at a CAGR of 3.7% between 2017 and 2022.

Subsea valve is the special component that controls and directs the flow of the liquid. These valves offer unique physical and mechanical properties such as waterproofing, leakage free and have the ability to withstand long-term corrosion effects from high salt content seawater, perform in high-temperature and high-pressure condition, etc. therefore, it finds broad range of applications including oil & gas industry, marine industry, offshore wind power, energy harvesting & production and underwater mining among others.

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A valve is a tool that normalizes, directs and controls the stream of a fluid by opening, closing, or partially impeding various passageways. The subsea values are special kind of valves, which can be also classified under industrial valves. The....

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