According to the latest research report from Mcllvaine, the global industrial valve market will grow steadily in the next few years, and its market share will increase from 43 billion U.S. dollars in 2005 to 49 billion U.S. dollars in 2009.
The report pointed out that in the field of industrial valve demand, China is continuously narrowing the gap with the United States. By 2009, China will become the second largest consumer nation after the United States; while Japan will maintain its third position; and Russia In countries such as Germany and Saudi Arabia, due to the rapid development of oil and gas and chemical industries, the demand for industrial valves will also grow rapidly. In the field of application of valves, potential valve demand for power plant dust removal systems is huge, and other applications that will maintain double-digit growth include ethanol, LNG, desalination and biotechnology. In addition, alternative energy sources such as oil sands, oil shale, and coal liquefaction are also promising markets for industrial valves.
The report predicts that by 2009, sales of automatic adjustment and control valves will be expected to reach 11.8 billion U.S. dollars, sales of ball valves will exceed 11 billion U.S. dollars, sales revenue of gate valves and globe valves will exceed 8 billion U.S. dollars, and sales revenue of butterfly valves will reach 50 percent. Billion U.S. dollars, and sales of plug valves will exceed 4 billion U.S. dollars.
The report pointed out that in the field of industrial valve demand, China is continuously narrowing the gap with the United States. By 2009, China will become the second largest consumer nation after the United States; while Japan will maintain its third position; and Russia In countries such as Germany and Saudi Arabia, due to the rapid development of oil and gas and chemical industries, the demand for industrial valves will also grow rapidly. In the field of application of valves, potential valve demand for power plant dust removal systems is huge, and other applications that will maintain double-digit growth include ethanol, LNG, desalination and biotechnology. In addition, alternative energy sources such as oil sands, oil shale, and coal liquefaction are also promising markets for industrial valves.
The report predicts that by 2009, sales of automatic adjustment and control valves will be expected to reach 11.8 billion U.S. dollars, sales of ball valves will exceed 11 billion U.S. dollars, sales revenue of gate valves and globe valves will exceed 8 billion U.S. dollars, and sales revenue of butterfly valves will reach 50 percent. Billion U.S. dollars, and sales of plug valves will exceed 4 billion U.S. dollars.
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