October 2010

Trends and Resources

HP Impact: Global industrial valves market growing

The world market for industrial valves will grow from $44 billion this year to $52 billion in 2015. This is according to a recent forecast by the McIlvaine Co. The biggest growth will be in power and ..

Thinnes, Billy, Hydrocarbon Processing Staff

The world market for industrial valves will grow from $44 billion this year to $52 billion in 2015. This is according to a recent forecast by the McIlvaine Co. The biggest growth will be in power and wastewater in East Asia. The West Asian market will grow by 50% during this period. The market in Western Europe will only grow by 6% during the period. Control valves are the leading product segment. There is increasing demand for “smart valves” that can communicate conditional and operational information remotely. The nuclear industry has again become a growth market for valve suppliers. The newest reactor designs use fewer valves than existing ones. However, the life extension prog

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