Which 5.2% estimated the register a CAGR in ASEAN Pumps market (2022-2027) and 5% expected the register a CAGR in the Asia-Pacific Industrial Valves market (2022-2027)
These industries will drive further demands for equipment over the next few years. With concern for the environment, global warming, and climate change; the government is promoting green industry development and eco-industry for the industrial sector in a holistic way.
Environmental regulations and the new economic model influencing the industrial sector results in increasing demand for high-end, sophisticated pumps & valves that have quality, high performance, and are competitively priced. With the increased adoption of digital solutions such as IoT, data analysis, and network connectivity, pumps and valves are becoming smarter and resorting to digitalization for better management and for identifying faults.
