January 2008

Trends and Resources

HP Impact: Project activity sends control valve market to double-digit growth

The global control valve market is in the midst of a phase of unprecedented growth due to booming Greenfield plants in developing countries and exploding investment in oil and gas exploration and prod..

Weirauch, Wendy, Hydrocarbon Processing Staff

The global control valve market is in the midst of a phase of unprecedented growth due to booming Greenfield plants in developing countries and exploding investment in oil and gas exploration and production. Driven by this robust capital project work, the worldwide control valve market experienced double-digit growth in 2006. The market for control valves is expected to grow 5% annually over the next five years. The business, which approached $4 billion in 2006, is forecast to exceed $5 billion in 2011, according to a new ARC Advisory Group study (www.arcweb.com). "Much of the growth in the forecast period will occur over the next two years as new construction projects in Asia soar and t

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $399 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}