December 06, 2011 07:08 ET

Market Research Projects Industrial Valves Market Growth at 5% CAGR Through 2015

ROCKVILLE, MD--(Marketwire - Dec 6, 2011) -, the leading source of market research, has announced the addition of the new report "World Industrial Valves" to their collection of Valves market reports. For more information, visit

Global demand for industrial valves is forecast to increase 5.4 percent per year through 2015 to $94 billion. Gains will be driven by continuing robust gains in the Asia/Pacific region as well as strong recovery in the US and West European markets from weak 2010 bases.

The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia, Japan, New Zealand, Singapore and South Korea) comprise mature markets for valves. Growth in valve demand in these markets will in almost all cases lag the world average through 2015. Growth will be much stronger in rapidly developing nations such as India and China. Advances in valve demand in these areas will be driven by healthy economic and fixed investment growth. Rising per capita incomes and urbanization in developing countries will result in a boost for all key valve markets, especially water and energy use.

The global market for automatic valves will outpace that for conventional valves, due to the continuing efforts of process manufacturers to improve operational efficiencies. The strongest gains will be registered in sales of separately sold automatic actuators, which are used together with standard valves to allow for automated valve functions, and are less expensive than automatic control and regulator valves with actuators preinstalled. Nevertheless, conventional valves will continue to account for 54 percent of total global valve demand in 2015, with sales benefiting from a lower cost profile relative to highly engineered automatic valves.

The largest and most advanced industrial valve industries are typically located in industrialized nations, particularly those that have large, well developed home markets, technical expertise in manufacturing higher-value products, and local presence of leading multinational valve producing companies. Germany, the US, Japan and Italy together accounted for 45 percent of global valve shipments in 2010 on a value basis. Developing China, however, is the one key exception to this rule, with the country being the world's largest valve producing nation in 2010 and accounting for 20 percent of global shipments. Other important producers include France, the United Kingdom, Russia and Taiwan. The largest net exporters of valves are Germany, Italy, China and Japan.

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