Table of Contents
Over the past few years many Industries have seen a dramatic change in the use of sophisticated technologies. One of the common devices used by almost all the industries is a Valve.
When it comes to uses of Valves, actuators and Positioners in the Global market, North America and Europe by far have the largest base for the valves and actuators market mainly because of developed economy and having related expertise. About 35% of global demand is satisfied by American valve and actuator market. On the other hand, in the Asia-Pacific region the growth of Valves, Actuators and Positioner market is the highest and will continue to grow due to industrialization and technological advancement.
According to U.S Department of Commerce, in the year 2014, the import of hydraulic actuators from the major trade partners was recorded to be about $7.2 billion where in the major trade partners were Germany, Japan, Mexico, Canada, China and many others. While the export of hydraulic actuators to major trade partners was recorded to be about $5.5 billion where in the major trade partners for export were Canada, Mexico, China, Brazil, Germany and many others.
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