World Valve Market To Reach $49 Billion in 2009
The world market for industrial valves will grow steadily to $49 billion in 2009 up from $43 billion in 2005, according to the latest forecast in the online McIlvaine report, Valves: World Markets.
In 2009 automatic regulation and control valve sales are projected at $11.8 billion followed by ball valves at just over $11 billion. Gate and globe valve sales will exceed $8 billion. Butterfly valve sales will be $5 billion, while plug valve sales will pass the $4 billion mark. Other valve types will comprise the balance.
In the automatic regulation and control category, China is steadily narrowing the gap. But in 2009 purchases will still be less than in the U.S. Japan will hold on to the third spot, with Russia taking the fourth position based on its expanding role in oil and gas. Saudi Arabia makes the list of the top 15 solely on the basis of its oil and gas activities. Germany will continue among the top five due to its strong chemical industry.
Industrial Valves World Markets
Country Ranking by Subject
Auto Reg. & Control
($ Millions)
Country 2009
United States 2,342
China 1,789
Japan 649
Russia 475
Germany 455
Brazil 380
Canada 378
India 331
South Korea 304
United Kingdom 295
France 279
Mexico 254
Italy 247
Saudi Arabia 207
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Valve companies are finding many new opportunities for their products. The potential for valve sales for power plant scrubber systems is very large. ITT, Tyco, Flowserve, and Weir are pursuing this application. Other applications with double-digit growth include ethanol, LNG, desalination, and biotechnology. Alternative fuel sources including oil sands, oil shale and coal liquefaction also represent promising markets.
The industry has become increasingly global. There are a number of very large worldwide suppliers who supply many valve types and many industries. On the other hand, there are thousands of valve companies which concentrate on narrow applications or narrow geographies or both. Still others make just one or a few types of very specialized valves.
The report predicts that further consolidation of the industry will continue. This will be driven by customer needs. The large global power producers, semiconductor manufacturers, and pharmaceutical companies, prefer to deal with worldwide suppliers and to standardize on the same valve types in a plant in Taiwan and one in Puerto Rico.
For more information on Valves: World Markets, click on: http://www.mcilvainecompany.com/water.html#N028 .
Bob McIlvaine
847-784-0012