NEWS RELEASE OCTOBER 2014
China Globe Valve Purchases to Exceed $3.5 Billion In 2019
China will be the leading purchaser of globe valves in 2019. McIlvaine Company has ranked purchasers in Industrial Valves: World Market. China will spend $2.65 billion for globe valves used for control purposes and $883 million for on/off globe valves.
Ranking of Globe Valve Purchasers ($ Millions)
|
Country |
Classification |
2019 |
|
China |
Control |
2,650 |
|
United States |
Control |
1,718 |
|
China |
On/Off |
883 |
|
India |
Control |
590 |
|
United States |
On/Off |
573 |
|
Russia |
Control |
504 |
|
Japan |
Control |
503 |
|
Germany |
Control |
362 |
|
Brazil |
Control |
360 |
|
South Korea |
Control |
272 |
|
Saudi Arabia |
Control |
246 |
|
Mexico |
Control |
225 |
|
United Kingdom |
Control |
219 |
|
Canada |
Control |
203 |
|
India |
On/Off |
197 |
|
France |
Control |
186 |
|
Italy |
Control |
178 |
|
Russia |
On/Off |
168 |
|
Japan |
On/Off |
168 |
|
Indonesia |
Control |
163 |
|
Other Middle East |
Control |
147 |
|
Nigeria |
Control |
133 |
|
Taiwan |
Control |
125 |
|
Spain |
Control |
125 |
|
Australia |
Control |
125 |
The U.S. will be the second largest purchaser. India, Russia and Japan round out the top five. Saudi Arabia is in the top ten due to its oil and gas activity.
The markets for control valves are growing faster than those for the on/off segment. The trend is toward greater automation and optimization of processes. Globe control valves are important elements in adjusting the flow of fluids to coincide with process changes.
For more information on Industrial Valves: World Market, click on:http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028
