The world market for industrial valves in 2006 was $43 billion, and the top 10 companies accounted for 20 percent of total sales, according to a study by the McIlvaine Company (www.mcilvainecompany.com). The rankings of 159 valve companies have been compiled by the McIlvaine Company and included in Industrial Valves: World Markets, a continually updated online report.
According to McIlvaine, Tyco is the largest valve supplier with sales of $2.4 billion (6 percent market share).
Meanwhile, asian valve suppliers are rising in the rankings, as many new Chinese companies have entered the market in recent years to serve tremendous demand in their home country, according to McIlvaine. The power plant flue gas desulfurization market is a good example of this trend, notes McIlvaine. Outside China the market for the large limestone slurry valves is served primarily by Crane, ITT, Larox, Red Valve, and Tyco. However, demand in China in 2006 was much larger than the rest of the world combined. Demand exceeded the capacity of the international companies and was served by domestic valve companies.
The world market will grow to $52 billion in 2010, according to McIlvaine. Contributing to this growth will be purchases in China for municipal wastewater treatment, drinking water, chemical, iron and steel manufacturing.
