COVID-19 Impact on Industrial Valves in Semiconductors and Electronics Industry
COVID-19 is a pandemic disease which has created a severe outbreak in the world starting from China to almost in every country. It has major impact almost on everything including human life, world economy, automotive sector, industrial sector and others as a result demand and consumption rate gets lowered. Unavailability of vaccine to cure or prevent the disease from spreading is major reason due to which lockdown has been initiated for prevention and to lower the COVID-19 spread.
To control the disease spread, lockdown is so far is considered to be the better solution observed in the many countries but it also has an adverse effect on the economy. As a consequence of COVID-19, much of the world is facing rather typical living conditions today. Under any form of quarantine, more than 2 billion people were at the height of the pandemic and 91 per cent of the world’s population, or 7.1 billion citizens, reside in countries with border controls or travel restrictions due to the outbreak.
As the pandemic hit globally, employees are advised to work from home. There is strict action by government to lockdown the countries till the time virus infected patients are controlled. The key players in industrial valves market such as Emerson Electric Co, The Weir Group PLC, Flowserve Corporation, Schlumberger Limited and IMI PLC, among others are continuing their operations by taking necessary precautions. The main focus of the companies is to keep employees healthy, while supporting their customers in the best way possible. The production of the industrial valves are stable, the sales and distribution channels of the market players are functioning
normally which is driving the market in the pandemic situation.

IMPACT ON THE MANUFACTURING INDUSTRY AND GOVERNMENT INITIATIVES TO BOOST THE MARKET
Read more...