Global Industrial Valves Market to Reach US$72 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Industrial Valves market. The global market for Industrial Valves is forecast to reach US$72 billion by 2015. Government regulations relating to emission control, escalating requirement for resources such as water and power, and diverse process industries would support stable, continuous growth in global valves market in the following years. Other key factors driving market growth include growth in developing markets of Asia, the Middle East/Africa, and Latin America, and recovery in mature markets.

Industrial Valves: A Global Strategic Business Report

The global industrial valves market is set to rise in the ensuing years, as the industry begins to emerge out of the adverse impact of the global economic recession. Surging requirement for resources across the globe, and investments in emerging economies such as India and China are expected to strengthen market potential. The upward population trend in developing regions, including China and India, would emphasize requirement for supply of clean potable water, leading to greater investments. The demand for energy resources, especially power in African and sub-Saharan areas, would also attract increased investments.

The US represents the single largest market worldwide for industrial valves, as stated by the new market research report on Industrial Valves. The valves market is rather mature in technologically advanced regions, including the US, Japan, and Western Europe. In mature markets such as the US, retrofitting markets represent a major revenue driver for the valves industry. Majority of market growth is expected to emanate from Asia, which is forecast to register a compounded annual growth of 3.92% over the years 2007 through 2015. As Asia is the most arid region in the world, desalination and demand for valves to manage corrosive seawater is high than in other regions. Installation of scrubber systems and catalytic systems in power plants would boost valves market, as more than US$1.0 million worth valves are required for each scrubber system. China is planning to invest millions of dollars in power plant scrubbers and construct new coal-fired power plants.

Globe valve and check valves represent the most widely used industrial valves. Other major valves include ball valves, and control valves. In terms of end-users, chemical, water and sewage utilities, petroleum refining, and petroleum production are the major end-use industries for industrial valves, together accounting for about 50% share of the global industrial valves market. LNG, ethanol, biotechnology and desalination industries are few of the promising end markets for industrial valves. Alternative sources of fuel, such as coal liquefaction, oil sands, and oil shale also constitute promising markets for industrial valves. In most end-use industries, there is a growing drive towards plant automation in a bid to enhance productivity, and reduce downtime. The trend is expected to provide significant impetus to demand for valves, especially for quarter-turn valve products that are easier to be automated. Demand for automatic valves is expected to be higher than that of conventional valves in the coming years, as process manufacturers strive to improve efficiency.

Major players profiled in the report include Crane Co., Emerson Electric Co., Flowserve Corp, Halliburton Company, Ham-Let, KITZ Corp., KSB AG, SPX Corp., The AVK Group, Tyco International Ltd., Velan Inc.,Watts Water Technologies Inc., among others.

The research report titled “Industrial Valves: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial valves market; current market trends; key growth drivers; recent product introductions and innovations, recent industry activity; and profiles of major/niche global as well as regional market participants. The study analyzes market data and analytics in terms of value sales for the global market by the following geographic markets – The United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East/Africa, and Latin America. Key segments analyzed in the report include Globe and Check Valves, Ball Valves, Control Valves, Butterfly Valves, Waterworks Valves, Solenoid Valves, Nuclear Valves and Miscellaneous Valves. The report also analyzes end-use markets, including Chemical Industry, Petroleum Refining, Pulp and Paper Industry, Water and Sewage Utilities, Electric Power Generation, Oil and Gas Transmission, Petroleum Production, Commercial Construction, and Other Markets. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Industrial_Valves_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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