NEWS RELEASE                                                                                                                MARCH 2013

Gate, Globe and Ball Valves will be the Most Popular in the $61 Billion Industrial Valve Market in 2015

The market for industrial valves will be just under $61 billion/yr by 2015. Gate, globe and ball valve revenues will each exceed $12 billion. The leading purchaser will be Asia. These are the most recent conclusions in the McIlvaine report: Industrial Valves World Markets published by the McIlvaine Company.

Industrial Valve Regional Sales ($ Millions)

By 2015, Asia will be buying almost twice as many industrial valves as Europe. The infrastructure and heavy industry growth in the region is causing double digit increases in annual purchases.

Globe valves will be the leader by valve type. Ball valves will be second on the leader list.

McIlvaine has substantially changed the valve categories to focus on the physical valve type rather than use. Previously, control valves were treated as a separate category regardless of their type. The revised categories most closely follow the segmentation used by the valve suppliers. The scope also reflects the perspective of the valve supplier rather than some precise and less meaningful segmentation.

The valve revenues are defined as those sales reported in the valve segment by the suppliers. So, if actuators are sold by the valve supplier, they are included. Where actuators are sold directly by an actuator manufacturer to the end user, they are not included.

With this definition the valve total revenues equal the reported revenues of all the valve suppliers. McIlvaine also estimates sales for hundreds of valve manufacturers. These validate the total revenue estimates which are also determined by models in each industry.

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