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Increasing Oil and Gas Exploration and Production Likely to Boost the Market
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The scope of the study includes the market for industrial valves and actuators used in oil and gas, chemicals and petrochemicals, power generation, metals and mining, water and wastewater treatment, and other industries such as food and beverage, pharmaceuticals, and pulp and paper. Industrial valve types include control, multi-turn, and quarter-turn valves, while actuator types include electric, pneumatic, and hydraulic actuators. Increasing development and exploration activities across Southeast Asia (SEA) is set to spur the demand for valves and actuators throughout the forecast period.
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