Even as major industrial valves and actuators manufacturers look to leverage growth opportunities, their profit margins are being squeezed by high price sensitivity across end-user industries. As a result, companies are being forced to adopt aggressive pricing strategies.
"The market is likely to experience increased demand for custom solutions that suit particular end-user industry applications," concluded Paul. "Market participants need to meet such needs and also address other key customer requirements such as high-quality after-sales service and shorter delivery time."
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