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.