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According to a new comprehensive report from The Insight Partners, the high penetration of the Internet worldwide, coupled with initiatives by key market players to promote the use of digital technologies for seamless and smooth business operations and human error reduction, catalyzes the adoption of IoT valves. Additionally, the adoption of IoT valves is increasing in wastewater management. IoT valves are used in wastewater treatment plants to control the flow of wastewater. Because of which, various companies are launching new smart valves. January 2021, GF Piping Systems introduced its process automation innovations and spotlighted its new Butterfly Valve 565.

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Wire Harness Market Worth $150.70 Billion, Globally, by 2030 - Exclusive Report by The Insight Partners

According to a new comprehensive report from The Insight Partners, several favorable government initiatives are contributing to the wire harness market growth. For instance, under Section 80EEB of the Income Tax Act, Government of India announced that one can claim US$ 1,879.46 against the interest on their electric vehicle loan. Due to this, electric vehicles are gaining traction, leading to the massive demand for wire harnesses, and thus propelling the market growth.


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