Over the next five years, demand for industrial valves in China will nearly match U.S. demand, according to a regularly updated online report by the McIlvaine Company (www.mcilvainecompany.com). The report, titled Industrial Valves: World Markets, predicts demand will rise from $45 billion in 2007 to approximately $56 billion by 2012, driven largely by booming growth in Asian markets.
With ongoing industrialization and infrastructure development, McIlvaine says Asia has been exhibiting extremely high growth rates for industrial valve revenues. By 2012, the industrial valve market in Asia has been forecast to reach $21.6 billion compared to $16.3 billion in 2007. This represents a growth rate of over 32 percent over the next five years. By contrast, 15 percent growth over the same time period has been forecast for the Americas where revenues are expected to grow from $14.2 billion in 2007 to $16.3 in 2012.
McIlvaine expects automatic regulation and control valves to continue to comprise the largest dollar market share in this category going forward. Worldwide, automated valve sales have been forecast to reach $13.6 billion by 2012. The worldwide market for ball valves follows closely, with 2012 sales expected to reach $12.4 billion.
McIlvaine’s 2012 and 2007 automated valve revenue forecasts for the “top 10” countries are listed below. Totals are in $ million.