World Industrial Valves Market to Reach US$72 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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New investment, upgradation of existing facilities and technological developments are driving the market for industrial valves. Environmental legislations also play a key role in determining the market's performance and future. Market expansion will be propelled by growth in developing markets including Asia-Pacific and Latin America. The global industrial valves market is projected to reach US$72 billion by 2010, at a compounded annual growth rate of about 5% during the 2001-2010 period.

Industrial Valves: A Global Strategic Business Report

Europe, with a share estimated at about 38% for 2007, forms the largest industrial valves market worldwide. Asia-Pacific, with a robust CAGR of more than 7% over the 2001-2010 period, is projected to emerge as the fastest growing region. While favorable fixed investment would help sustain demand for values, higher gains are expected to primarily emerge from high-priced automated valves and actuators.

Globe and check valves market with sales projected to cross US$15 billion in 2008, forms the largest product segment in the global industrial valves market. In terms of growth, control valves market, with a CAGR of about 6% during the period 2001-2010, is forecast to outpace all other categories of industrial valves. Massive investments in gas & oil sector and rise in the number of Greenfield plants constructed in developing countries is driving the growth of control valves market. Chemical industry is the largest end-user of industrial valves with a share of about 14% for 2007.

Rising demand for automated and miniature pneumatic valves, growing significance of customized products, development of valves with innovative designs, and automation and integration of production processes are some of the key factors contributing to market growth. New advances in valve design and production continue to play a role in the industrial valves sector. The trend towards process automation and integration of numerous processes is leading to innovations in many areas. "Smart Valves", for instance, employ electronic sensors, controllers based on microprocessor, digital positioners, and valve management software (VMS) for regulating flow, identifying and rectifying possible problems, and adjusting control settings.

Industrial valves are gradually becoming a global industry, with certain global suppliers serving a diverse range of applications across various industries. However, the industry on the whole remains fragmented, with thousands of companies limited to specific regions and/or specific applications. Standardization requirements of large multinational consumers are expected to further drive consolidation. Major companies in the power, pharmaceutical and semiconductor industries prefer a single valve supplier for their global needs. The industrial valves sector is highly fragmented with over 1,000 companies offering a range of products. The combined market share of top ten valve manufacturing companies is less than 20%.

The report titled "Industrial Valves: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market dynamics, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa, and Latin America by the following product segments - globe and check valves, ball valves, control valves, butterfly valves, waterworks valves, solenoid valves, nuclear valves, and other valves. The market is also analyzed by end-use industries such as chemical industry, petroleum refining, pulp and paper industry, water and sewage utilities, electric power generation, oil and gas transmission, petroleum production, commercial construction and others.

Key players dominating the global industrial valves market include Crane Co., Emerson Electric Co., Flowserve Corporation, Halliburton Company, KITZ Corporation, KSB AG, Tyco International Ltd., Velan, Incorporated, and Watts Water Technologies.

For more details about this 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 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 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
Web Site http://www.StrategyR.com

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