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Win a Free Gift Card by Taking a Survey on Overpressure Protection and the Pressure Relief Valve Industry
Industry Segment: Petroleum Refining | Word Count: 163 Words
SUGAR LAND January 13, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) We are pleased to be conducting a survey to help develop the next-generation pressure relief valve technology for the industry, and your input would be greatly appreciated!
The survey should take only five to seven minutes to complete, and the first 50 respondents will receive a $25 Amazon gift card!
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As Manufacturing PMI Dips, it Takes Down All Hopes for Normalcy in the Pressure Relief Valves Market. On the Cards is a $657.5 Million Erosion in Revenues
The global market for Pressure Relief Valves is expected to decline by -15.3% in the year 2020 and thereafter recover and grow to reach US$4.6 billion by the year 2027, trailing a post COVID-19 CAGR of 3.4% over the analysis period 2020 through 2027.
Manufacturing industries ranging from oil & gas, processing to paper & pulp, capital goods industry has been massively impacted by economic disruptions of COVID-19. Global economic activity is slumping with GDP growth forecast to dip as low as -4.9% in the year 2020. The manufacturing industry, which is the largest end-user of pressure sensitive valves, is the worst affected given its complex supply chains, labor intensive processes, and inter-dependencies. Division of labor, modular manufacturing strategie