World valve market to grow 27 per cent by 2017: report
Wednesday, November 2, 2011 at 02:24PM 
A report from the McIlvane Company predicts that worldwide industrial valve revenues will rise to nearly $65 billion from $51 billion this year. Most of the growth will be in Asia, which will see an increase of 27 per cent over the period, and in Africa, which will lead with a 37 per cent increase.
The report, Industrial Valves: World Markets, indicates that many European valve manufacturers are rapidly increasing their sales in Asia. While European consumption will rise slowly, European production and exports will rise at a greater rate. Total sales of European valve manufacturers will rise at an even higher rate to reflect revenues from new manufacturing facilities in Asia.
The situation in the Americas mirrors that of Europe, with slightly higher numbers. U.S. valve manufacturers are gaining a strong foothold in the power, pharmaceutical, chemical and other high tech industries in Asia.
China, according to McIlvane, is transitioning from a manufacturer of low technology valves to a range of high and medium technology products. The growth in the Chinese nuclear industry is spurring the development of high technology valves in this sector. The large number of super critical coal-fired boilers under planning and construction is also a boon to the high tech valve manufacturers. China is a leader in construction of solar panel and semiconductor facilities. These facilities are purchasing large numbers of small but expensive valves.
Asia leads the world in construction of new municipal wastewater and drinking water plants. These plants require a range of valve types and quality.
In the U.S., the growth markets are shale gas and biofuels. The oil sands market in Canada is large and growing.
The industry continues to globalize. For example: The Velan, Inc. German sales distribution subsidiary, Velan GmbH, has booked an order of more than US$20 million to supply valves to a Russian boiler manufacturer for three 660 megawatt units of the Barh supercritical coal-fired power plant in India. The customer in India is NTPC Limited (National Thermal Power Corporation), the largest state-owned power-generating company in India. So a North American company books an order through its German subsidiary for a Russian customer who will in turn install the valves in India.
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