Hybrid valves refer to a brand new type of valves that assist in controlling backpressure and dampen the pulsation. These valves are particularly made in a way to offer optimal efficacy and it also safeguards the metering pump system. The global hybrid valve market is likely to gather momentum from its increasing demand from various end use industries. The stellar growth of the global hybrid valve market is likely to be driven by end use industries like chemical industry, oil and gas, pharmaceuticals, water and wastewater, and many others.
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Increasing Need to Control Corrosion in Oil and Gas Industry Shoots up its Demand
There exists a need for the regulation of excessive vibration, cavitation, pressure, and noise in various critical processes. Furthermore, in the oil and gas industry, corrosion problems mar productivity. In such scenarios, the need for the hybrid valve rises, which is likely to fuel the market over the tenure of assessment. In recent time, considerable progress has been made in the oil and gas industry. Such development has worked in favor of the global hybrid valve market as it has led to its increased demand from the sector.
Apart from the oil and gas industry, hybrid valve also finds considerable use in 3D printers in manufacturing lines. With the rise in the number of petrochemicals and chemical plants and refineries, the demand for hybrid valve is likely to increase manifold in the forthcoming years.
The extensively utilized materials comprise titanium, duplex nickel, tungsten carbide, steel, and alloy for the making of hybrid valve. Steel is estimated to find increased use in the making of hybrid valve over the tenure of assessment. Huge demand is likely to rise for its use in various applications that require steam and high temperature. Hybrid valves are needed to ensure better flow and handling of corrosive media in sectors like water and wastewater and chemical industries are anticipated to boost the global hybrid valve market.
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