Subject: Valve sales of $49 billion in 2009 result of continuing purchases by oil and gas industry
The oil and gas industry will continue to be the leading purchaser of valves with worldwide purchases of over $8.4 billion in 2008. This will account for 17 percent of the $49 billion valve sales for all applications says the McIlvaine Company in its online continually updated report, Valves: World Markets. Some specific markets will be growing at double-digit rates. They include desalination, flat panel display manufacturing, biotechnology, and power plant desulfurization.
Refineries will constitute the second largest purchasing industry in 2008 followed by the power and the chemical industry. Municipal wastewater plants will be in the fifth spot.
Automatic regulatory and control valves will be the most popular valve category with 23 percent of the market. Second through sixth place belong to ball, gates and gloves, butterfly, industrial plug, and the miscellaneous category.
1. Tyco International $2 Billion
2. Flowserve $1.2 Billion
3. Emerson $930 Million
4. Dresser, Inc. $550 ¨
5. Kitz $540 ¨
6. Crane Company $427 ¨
7. Circor $310 ¨
8. Cooper Cameron $307 ¨
9. AVK Group $306 ¨
10. Curtiss-Wright $300 ¨
Tyco is the top valve supplier followed by Flowserve. Curtiss Wright with valve sales of $300 million is the 10th largest supplier. American Flow Control is #20 with sales of $200 Million. Auma is #30 with valve sales of $105 million. BOC Edwards is #40 with sales of $50 million. Praher is #50 with valve sales of $40 million. yronics is #90 on the list with valve sales of just $6 million.
The valve market is diverse with thousands of companies participating in product, application, or geographical niches. The top five companies enjoy only 10 percent of the total market. The market share for the top ten companies is only 15 percent. This dispersion would be even more pronounced if Tyco had not acquired many small valve manufacturers to achieve a 4.5 percent market share.
The Asian market is growing rapidly. By 2007 valve purchases in China will be $1.3 billion. India will spend over $300 million. South Korean sales will be over $250 million. The investment in desalination in Saudi Arabia will push 2007 valve sales to $195 million.
For more information on Valves: World Markets http://www.mcilvainecompany.com/water.html#N028
Bob McIlvaine
847-784-0012