Title: IIoT will radically change the valve market

The performance of high performance valves is much more critical to the outcome of the battle to improve plant performance. IIoT will generate continuous performance and condition information about each valve. A large plant could have 10,000 valves. The world industrial valve revenues will grow from $62 billion in 2017 to $88 billion in 2025. By 2025 purchases of valves by IIoT providers will rise to $10 billion/yr. Additional revenues of $7 billion will be achieved through the addition of smart technology by the valve suppliers

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   Person Information
  •     McIlvaine, Bob  -  McIlvaine

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Company  Product  Process  Other  Subjects  Event  Event  Date  Location  Publication  Publication  Date Text  Descriptor
  • McIlvaine

  • IIoT

  • Valves

 

  • Information Technology

  • Market

 

 

 

 

 

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