The choke valve market ranges between $250 million and $400 million per year depending on the definition and where we are in the oil and gas cycle. A significant portion of choke valve sales are to oil and gas companies. So, in the present depressed oil price market, we are in the lower range of sales. The definition also has a major effect on the revenue determination. The terms choke, control and axial are used in different ways. With some definitions the market is much larger than with others. Here are some ways the term is defined: Click Here For Complete News Release Text
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