Hydraulic valves direct the flow of a liquid medium, usually oil, through a hydraulic system. These valves are used in a variety of applications, including heavy trucks, farm equipment, and mining and construction machinery.
Market research firm IndustryARC estimates that global sales of hydraulic valves and control products will grow at a compound annual rate of 5.6 percent over the next seven years, exceeding $39.4 billion by 2024. In short, a lot of valves will need to get made in the next few years, and that can only be accomplished with automation.