April 2003

Trends and Resources

HP Impact: Control valve market realizes gains from HPI project upgrades

The worldwide control valve market, which totaled almost $3 billion in 2002, will reach almost $3.5 billion by the end of 2007, expanding at a cumulative annual growth rate of over 3%. ..

Weirauch, Wendy, Hydrocarbon Processing Staff

The worldwide control valve market, which totaled almost $3 billion in 2002, will reach almost $3.5 billion by the end of 2007, expanding at a cumulative annual growth rate of over 3%. So says a new study by the ARC Advisory Group (www.arcweb.com). Although global uncertainties and slack market conditions continue to pull down sales, "the long-term business prospects for control valves look reasonably bright," according to this analysis. The power and oil and gas industries are witnessing new investments, renovation, and modernization activities. "With global oil crude prices and refining margins perking up, this trend

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