The world market for industrial valves will grow steadily to $49 billion in 2009 up from $43 billion in 2005, according to a study by the McIlvaine Company (www.mcilvainecompany.com).
The study, titled N028 Industrial Valves: World Markets, projects automatic regulation and control valve sales at $11.8 billion in 2009 followed by ball valves at just over $11 billion. Gate and globe valve sales are expected to exceed $8 billion followed by butterfly valves at over $5 billion and plug valves at more than $4 billion.
Industrial Valves World Markets
Country Ranking by Subject Auto Reg. & Control ($ Millions)
| Country United States China Japan Russia Germany Brazil Canada India South Korea United Kingdom France Mexico Italy Saudi Arabia |
2009 2342 1789 649 475 455 380 378 331 304 295 279 254 247 207 |
According to the study, valve companies are finding many new opportunities for their products. The potential for valve sales for power plant scrubber systems is believed to be particularly promising. Other applications with double-digit growth include ethanol, LNG, desalination, and biotechnology. Alternative fuel sources including oil sands, oil shale, and coal liquefaction are also cited as promising markets.
The study predicts further consolidation of the valve industry will continue, driven largely by customer needs, as large global power producers, semiconductor manufacturers, and pharmaceutical companies increasingly prefer to deal with worldwide suppliers and to standardize on the same valve types.
