Abstract
Global demand to rise 4.4% annually through 2011
The global market for industrial valves is forecast to increase 4.4 percent
annually through 2011 to $77.6 billion. Gains will be driven by generally
healthy global economic conditions, encouraging investment in key valve
markets such as the US, China and Germany. Accelerations in economic
fundamentals such as fixed investment expenditures will support gains in the
important valve consuming regions of North America and Western Europe. Valve
demand in the key energy production sector will also benefit from a pickup in
primary energy consumption in mature markets like North America, as well as
rapidly developing valve markets such as Latin America.
The advanced nations of North America, Western Europe and Asia/Pacific (i.e.,
Australia, Japan, New Zealand, Singapore, South Korea and Taiwan) comprise
mature markets for valves. Valve demand in the US, Japan and Western Europe
will all post gains that trail behind the world average through 2011. Growth
will instead be much more profound in the rapidly developing nations of the
world such as China, India and Malaysia. Gains in valve demand will be
stimulated by positive economic and fixed investment growth in these areas,
while an expanding market for expensive automated valves and actuators will
also aid the overall valve markets in the US, Japan and Western Europe.
Study coverage
It presents historical demand data plus forecasts for 2011 and 2016 by valve
type and for 6 world regional and 34 major national valve markets. The study
also details global energy supply and demand trends, assesses industry
composition, evaluates company market share and profiles 36 industrial valve
producers.
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