The oil and gas industry is challenged with process, logistical and safety issues which cause it to look to valve suppliers and other vendors to minimize operational and maintenance problems. The operators will pay $6 billion for these services next year. When the expenditures for valve repair parts and services are added, the total addressable market next year is $9 billion. This is the conclusion reached in the continually updated Industrial Valves: World Market published by the McIlvaine Company. Click Here For Complete News Release Text
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