World Industrial Valves Market Worth $80 Billion by 2017 Says a New Research Report at RnRMarketResearch.com

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World demand to rise 5.1% annually through 2017.

Dallas, TX (PRWEB) February 04, 2014

World demand to rise 5.1% annually through 2017
Global demand for industrial valves is forecast to grow 5.1 percent per annum through 2017 to more than $80 billion. Although growth will be healthy across the globe (spurred by recovery from the recent economic downturn), the drivers of growth will vary by region. Advances in developing areas such as China and India will result from industrialization, as investment in water infrastructure and electricity generation grows. In developed areas, continued advances in manufacturing output will provide growth in the process manufacturing market. Oil producing nations such as those in the Middle East will post gains due to rising drilling activity. In the US, demand will benefit from the boom in hydraulic fracturing in the oil and gas market, as well as from the improved economy.

China emerged as the largest producer of industrial valves in 2012. China has developed the largest trade surplus in the world, and it is expected to grow through the forecast period. Germany, Italy, and Japan are also major net exporters, each with a surplus of over $1 billion in 2012.

Complete report is available @ http://www.rnrmarketresearch.com/world-industrial-valves-to-2017-market-report.html .

Process manufacturing market to post strong gains
Process manufacturing will post strong gains in valve demand, driven by growing output, especially in the chemical industry. Rising standards of living will boost capacity in process manufacturing in developing regions. In addition, the need for more efficient manufacturing operations in developed nations will spur investment in new equipment, benefiting valves. Advances in valve demand in the water infrastructure market will result from two key factors: in developing nations, access to water supply and sanitation will be increased; in developed nations, aging water infrastructure will need repair and upgrade. Valve demand in the oil and gas market will benefit from increased oil and gas production, which will require additional investment in pipeline infrastructure.

Automatic valves to outpace conventional types
Demand for automatic valves will outpace conventional valves due to ongoing efforts by 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 pre-installed.

Company Profiles
Provided for over 40 valve leaders such as Cameron, Crane, Emerson Electric, Flowserve, Kitz and Pentair

Additional Information
This study examines the global market for industrial valves. Product segments covered are

•     standard hand-operated multiturn (globe, gate, check, pinch, and
•     diaphragm)
•     quarterturn (plug, ball, and butterfly)
•     other conventional valve designs (safety and relief, plumbing and
•     heating, nuclear, waterworks, miscellaneous valve designs and
•     separately sold valve bodies, actuators, and parts)
•     automatic (also referred to as automated) control (actuated by
•     pneumatic, solenoid, electric, hydraulic, and digital mechanisms)
•     regulator valves and actuators

Excluded from the scope of this study are valves used in hydraulic- and pneumatic-powered systems, valves used primarily in automotive applications, and other original equipment-type valves used as components in internal combustion engines and other non-industrial applications.
Historical data (2002, 2007, and 2012) and forecasts for 2017 and 2022 are provided for sales of valves at the aggregate level on a country-by-country basis, valued in millions of current US dollars, including inflation. The term “demand” refers to “apparent consumption,” and is defined as shipments (also referred to variously as “production,” “output,” or “supply”) from a country’s indigenous manufacturing facilities plus imports minus exports. It is used interchangeably with the terms “market,” “sales,” and “consumption.”

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