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World Market For Industrial Valves To Reach $56 Billion In 2012 [2009-05-11]

Tags: angle valve   check valve    gas valve  drinking water faucet

Over the next five years, demand for industrial valves in China will approach that of the U.S. according to the recently updated Industrial Valves: World Markets report from the McIlvaine Company.

The world market for industrial valves will reach approximately $56b (USD) by 2012 according to the McIlvaine Company online report Industrial Valves: World Market. Compared to 2007 estimates of $45B, this figure represents worldwide growth just short of 25% over the next five years.

With ongoing industrialization and infrastructure development, 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 $21.6B compared to $16.3M in 2007. This represents a growth rate of over 32% over the next five years. By contrast, 15% growth over the same time period has been forecast for the Americas where revenues are expected to grow from $14.2B in 2007 to $16.3 in 2012.

In terms of valve category, automatic regulation and control valves continue to comprise the largest dollar market share. 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 $12.4B.The news come