May 2012

Trends and Resources

HP Impact: Industrial valve market growing

The world market for valves used by industry will grow to $65 billion per year in 2017 (Table 1), adding more than $10 billion to current annual sales. This projection is in the latest forecast by the..

Thinnes, Billy, Hydrocarbon Processing Staff

The world market for valves used by industry will grow to $65 billion per year in 2017 (Table 1), adding more than $10 billion to current annual sales. This projection is in the latest forecast by the McIlvaine Company.   East Asia will account for more than 30% of the market in 2017. The growth in this region will be driven mostly by new infrastructure and heavy industrial spending. More power plants will be built in East Asia over the next five years than in the rest of the world combined, the study says. The investment in municipal wastewater treatment and drinking water facilities will also outstrip the other regions. East Asia is projected to dominate the production of semi

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