Product Code: 3369
World demand to rise 4.3% annually through 2019
World demand for industrial valves is projected to climb 4.3 percent annually through 2019 to $98.5 billion. Market advances will be stimulated by growth in chemicals and other process manufacturing output, electric power generation, and construction activity in a generally healthy economic environment. Ongoing efforts to expand water infrastructures in developing countries and maintain or upgrade water and wastewater treatment and distribution systems in developed nations will also contribute to sales increases through 2019. Dollar gains will be boosted as well by greater use of “smart” valves and actuators and other better performing, higher priced items.
China to post strongest gains of any national market
Industrial valve market growth in developing parts of Asia, the Africa/Mideast region, Central and South America, and Eastern Europe will outpace product demand in Western Europe, Japan, South Korea, and the US. China will post the strongest advances of any national market in value terms, accounting for 23 percent of all additional valve sales on a global basis. India, a considerably smaller but still sizable valve market, will register larger gains in percentage terms. A number of smaller national markets are also expected to record healthy sales increases. Gains in US valve demand will be bolstered by growth in business investment spending as economic conditions continue to improve. Product sales in Western Europe and Japan will also expand. However, market advances in these areas will lag those in most other parts of the world, limited by below average increases in process manufactur-ing output and associated fixed investment expenditures.
Automatic valves to outpace standard types
Automatic valves are forecast to continue growing at a faster pace than sales of standard hand-operated valves. This shift in market share away from standard valves is driven by the advantages that automatic valves offer, which include improved safety and reduced operating costs. Automatic valves are also used in inaccessible and remote locations where manual operation is impractical. The fastest sales gains of any major product type will be posted by automatic actuators, fueled by valve users' ongoing efforts to automate standard valve operation by installing automatic actuators as a less costly alternative to replacing units with automatic valves.
Process manufacturing to be fastest growing market
Process manufacturing is the largest market for industrial valves internationally, reflecting the wide range of applications and significant fluid handling requirements in many of the industries included here. Process manufacturing valve demand will also expand faster than product sales in other major valve markets, which include oil and gas, water infrastructure, and other miscellaneous applications such as construction, electric utilities, and mining. Advances will be stimulated by both increases in process manufacturing output and the introduction of new specialty valves, which will help boost replacement demand. The oil and gas market will register the slowest increases due to low oil and gas prices, although new drilling activity and the construction of related oil and gas infrastructure will continue in many areas, providing some offsetting support.
Study coverage
This Freedonia industry study, World Industrial Valves presents historical demand data (2004, 2009 and 2014) plus forecasts for 2019 and 2024 by product and market in six world regions and 22 major countries. Total demand is given for an additional eight countries. The study also considers key market environment factors, analyzes company market share and profiles 42 global competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Overview
- Recent Historical Trends
- World Economic Outlook
- World Fixed Investment Overview
- World Process Manufacturing Outlook
- World Energy Overview
- Energy Supplies
- Oil & Gas Production
- Electric Power Generation
- World Water Utilization Trends
- World Construction Outlook
- Pricing Patterns
- Technological Trends
- Legal & Regulatory Environment
- Remanufactured Valves
III. OVERVIEW
- General
- Regional Overview
- Demand
- Production
- International Trade
- Demand by Product
- Standard Valves
- Multiturn
- Quarterturn
- Other
- Automatic Valves
- Control
- Regulator
- Actuators
- Demand by Market
- Process Manufacturing
- Water Infrastructure
- Oil & Gas
- Other
IV. NORTH AMERICA
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- United States
- Canada
- Mexico
V. WESTERN EUROPE
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- Germany
- France
- Italy
- United Kingdom
- Spain
- Netherlands
- Other Western Europe
- Belgium
- Austria
- All Other
VI. ASIA/PACIFIC
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Taiwan
- Thailand
- Malaysia
- Other Asia/Pacific
VII. OTHER REGIONS
- Central & South America
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- Brazil
- Other Central & South America
- Eastern Europe
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- Russia
- Poland
- Other Eastern Europe
- Africa/Mideast
- Economic Overview
- Industrial Valve Supply & Demand
- Industrial Valve Market Outlook
- Saudi Arabia
- Turkey
- Other Africa/Mideast
- Iran
- South Africa
- All Other
VIII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Mergers, Acquisitions, & Divestitures
Company Profiles
- Aalberts Industries NV
- Alfa Laval AB
- Aliaxis SA
- Ames Fire & Waterworks, see Watts Water Technologies
- Apex Valves, see Watts Water Technologies
- ASCO Valve, see Emerson Electric
- Astore Valves and Fittings, see Aliaxis
- AUMA Riester GmbH & Co. KG
- AVK Holding A/S
- Barksdale, see Crane
- Bettis, see Emerson Electric
- Bopp & Reuther Messtechnik, see IMI
- BROEN A/S, see Aalberts Industries
- Bröer Holding GmbH
- BSM Valves Holding, see Aalberts Industries
- Cameron International Corporation
- CERA SYSTEM Verschleißschutz, see Samson
- Mess-Und Regeltechnik
- China Valves Technology Incorporated
- China Yuanda Valve Group Company Limited
- CIRCOR International Incorporated
- Circle Seal Controls, see CIRCOR International
- CKD Corporation
- Clow Valve, see McWane
- Conbraco Industries, see Aalberts Industries
- Crane Company
- Curtiss-Wright Corporation
- Danfoss A/S
- Daniel Measurement and Control, see Emerson Electric
- Delta Industrial Valves, see Weir Group
- Douglas Chero Spa, see Cameron International
- Ebro Armaturen Gebrüder Bröer, see Bröer Holding
- Elkhart Products, see Aalberts Industries
- Emerson Electric Company
- Enertech, see Curtiss-Wright
- Eusebi Impianti, see VALVITALIA
- Farris, see Curtiss-Wright
- Festo AG & Company
- Formatura Iniezione Polimeri, see Aliaxis
- Fischer (Georg) Limited
- Fisher Controls International, see Emerson Electric
- Flowserve Corporation
- Friatec, see Aliaxis
- Fujikin Incorporated
- Gebrüder Bröer, see Bröer Holding
- General Electric Company
- Glynwed Pipe Systems, see Aliaxis
- GO Regulator, see CIRCOR International
- Hale Hamilton Valves, see CIRCOR International
- Harrington Industrial Plastics, see Aliaxis
- Henry Pratt, see Mueller Water Products
- Hunter Plastics, see Aliaxis
- Hydro-Aire, see Crane
- IMI plc
- InterApp, see AVK Holding
- IPEX, see Aliaxis
- Kennedy Valve, see McWane
- KITZ Corporation
- KSB AG
- Larsen & Toubro Limited
- LESER GmbH & Company KG
- Leslie Controls, see CIRCOR International
- LEUSCH, see Samson Mess-Und Regeltechnik
- Lined Valve, see Mueller Water Products
- M&H Valve, see McWane
- McWane Incorporated
- Meibes System-Technik, see Aalberts Industries
- Metso Corporation
- Micro Pneumatics Private, see KITZ
- Mueller Steam Specialty, see Watts Water Technologies
- Mueller Water Products Incorporated
- NACO Industries, see Aliaxis
- Neway Valve Suzhou Company Limited
- Newco Valves, see Cameron International
- Nexus Valve, see Aalberts Industries
- OneSubsea, see Cameron International
- Orbinox Valves International, see AVK Holding
- Paling Industries Sdn Bhd, see Aliaxis
- Parker-Hannifin Corporation
- Pegler Yorkshire Group, see Aalberts Industries
- Pentair plc
- PetrolValves SrL
- Pfeiffer Chemie-Armaturenbau, see Samson
- Mess-Und Regeltechnik
- PGI, see Parker-Hannifin
- Philmac Proprietary, see Aliaxis
- Phönix Holding, see Curtiss-Wright
- Premier Valves Proprietary, see AVK Holding
- President Engineering Group, see Parker-Hannifin
- Redi, see Aliaxis
- Regeltechnik Kornwestheim, see CIRCOR International
- Rexnord Corporation
- Ringo Válvulas SLL, see Samson Mess-Und
- Regeltechnik
- RX Plastics, see Aliaxis
- Saint-Gobain
- Samson AG Mess-Und Regeltechnik
- Saunders, see Crane
- Schroedahl ARAPP Spezial Armaturen, see CIRCOR International
- Sea Tech, see Watts Water Technologies
- SED Flow Control, see Aliaxis
- Sempell, see Pentair
- Shanghai Neles-Jamesbury Valve, see Metso
- SMC Corporation
- Socla, see Watts Water Technologies
- Solent & Pratt, see Curtiss-Wright
- Spence Engineering, see CIRCOR International
- Sporlan, see Parker-Hannifin
- SPX Flow Incorporated
- Stafsjö Valves, see Bröer Holding
- STARLINE, see Samson Mess-Und Regeltechnik
- Stratoflex Products, see Parker-Hannifin
- Target Rock, see Curtiss-Wright
- Tescom, see Emerson Electric
- Universal Hardware and Plastics Factory, see Aliaxis
- VAG-Armaturen, see Rexnord
- VALVITALIA SpA
- Velan Incorporated
- Veriflo, see Parker-Hannifin
- Vinidex Proprietary, see Aliaxis
- Vinilit, see Aliaxis
- Virgo Valves and Controls, see Emerson Electric
- VTI Ventil Technik, see Aalberts Industries
- Watts Water Technologies Incorporated
- Weir Group plc
- Xomox, see Crane
- Xylem Incorporated
- Other Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- World Gross Domestic Product by Region
- World Gross Fixed Investment by Region
- World Process Manufacturing Value Added by Product & Region
- World Energy Production by Type
- World Oil & Gas Production by Resource & Region
- World Electric Power Generation by Region
- World Nonagricultural Water Use by Region
- World Construction Expenditures by Type & Region
SECTION III -- OVERVIEW
- World Industrial Valve Demand by Region
- World Industrial Valve Shipments by Region
- World Industrial Valve Net Exports by Region
- World Industrial Valve Demand by Product
- World Standard Valve Demand by Region
- World Multiturn Valve Demand by Region
- World Quarterturn Valve Demand by Region
- World Demand for Other Standard Valves by Region
- World Automatic Valve Demand by Region
- World Control Valve Demand by Region
- World Regulator Valve Demand by Region
- World Automatic Actuator Demand by Region
- World Industrial Valve Demand by Market
- World Process Manufacturing Valve Demand by Region
- World Water Infrastructure Valve Demand by Region
- World Oil & Gas Valve Demand by Region
- World Demand for Industrial Valves Used in Other Markets by Region
SECTION IV -- NORTH AMERICA
- North America: Industrial Valve Supply & Demand
- North America: Industrial Valve Demand by Product & Market
- United States: Industrial Valve Supply & Demand
- United States: Industrial Valve Demand by Product & Market
- Canada: Industrial Valve Supply & Demand
- Canada: Industrial Valve Demand by Product & Market
- Mexico: Industrial Valve Supply & Demand
- Mexico: Industrial Valve Demand by Product & Market
SECTION V -- WESTERN EUROPE
- Western Europe: Industrial Valve Supply & Demand
- Western Europe: Industrial Valve Demand by Product & Market
- Germany: Industrial Valve Supply & Demand
- Germany: Industrial Valve Demand by Product & Market
- France: Industrial Valve Supply & Demand
- France: Industrial Valve Demand by Product & Market
- Italy: Industrial Valve Supply & Demand
- Italy: Industrial Valve Demand by Product & Market
- United Kingdom: Industrial Valve Supply & Demand
- United Kingdom: Industrial Valve Demand by Product & Market
- Spain: Industrial Valve Supply & Demand
- Spain: Industrial Valve Demand by Product & Market
- Netherlands: Industrial Valve Supply & Demand
- Netherlands: Industrial Valve Demand by Product & Market
- Other Western Europe: Industrial Valve Supply & Demand
- Other Western Europe: Industrial Valve Demand by Product & Market
- Other Western Europe: Industrial Valve Supply & Demand by Country
SECTION VI -- ASIA/PACIFIC
- Asia/Pacific: Industrial Valve Supply & Demand
- Asia/Pacific: Industrial Valve Demand by Product & Market
- China: Industrial Valve Supply & Demand
- China: Industrial Valve Demand by Product & Market
- Japan: Industrial Valve Supply & Demand
- Japan: Industrial Valve Demand by Product & Market
- South Korea: Industrial Valve Supply & Demand
- South Korea: Industrial Valve Demand by Product & Market
- India: Industrial Valve Supply & Demand
- India: Industrial Valve Demand by Product & Market
- Australia: Industrial Valve Supply & Demand
- Australia: Industrial Valve Demand by Product & Market
- Indonesia: Industrial Valve Supply & Demand
- Indonesia: Industrial Valve Demand by Product & Market
- Taiwan: Industrial Valve Supply & Demand
- Taiwan: Industrial Valve Demand by Product & Market
- Thailand: Industrial Valve Supply & Demand
- Thailand: Industrial Valve Demand by Product & Market
- Malaysia: Industrial Valve Supply & Demand
- Malaysia: Industrial Valve Demand by Product & Market
- Other Asia/Pacific: Industrial Valve Supply & Demand
- Other Asia/Pacific: Industrial Valve Demand by Product & Market
- Other Asia/Pacific: Industrial Valve Supply & Demand by Country
SECTION VII -- OTHER REGIONS
- Central & South America: Industrial Valve Supply & Demand
- Central & South America: Industrial Valve Demand by Product & Market
- Brazil: Industrial Valve Supply & Demand
- Brazil: Industrial Valve Demand by Product & Market
- Other Central & South America: Industrial Valve Supply & Demand
- Other Central & South America: Industrial Valve Demand by Product & Market
- Other Central & South America: Industrial Valve Supply & Demand by Country
- Eastern Europe: Industrial Valve Supply & Demand
- Eastern Europe: Industrial Valve Demand by Product & Market
- Russia: Industrial Valve Supply & Demand
- Russia: Industrial Valve Demand by Product & Market
- Poland: Industrial Valve Supply & Demand
- Poland: Industrial Valve Demand by Product & Market
- Other Eastern Europe: Industrial Valve Supply & Demand
- Other Eastern Europe: Industrial Valve Demand by Product & Market
- Other Eastern Europe: Industrial Valve Supply & Demand by Country
- Africa/Mideast: Industrial Valve Supply & Demand
- Africa/Mideast: Industrial Valve Demand by Product & Market
- Saudi Arabia: Industrial Valve Supply & Demand
- Saudi Arabia: Industrial Valve Demand by Product & Market
- Turkey: Industrial Valve Supply & Demand
- Turkey: Industrial Valve Demand by Product & Market
- Other Africa/Mideast: Industrial Valve Supply & Demand
- Other Africa/Mideast: Industrial Valve Demand by Product & Market
- Other Africa/Mideast: Industrial Valve Supply & Demand by Country
SECTION VIII -- INDUSTRY STRUCTURE
- World Industrial Valve Sales by Company, 2014
- Selected Cooperative Agreements
- Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- World Industrial Valve Prices, 2004-2024
SECTION III -- OVERVIEW
- World Industrial Valve Demand by Region, 2014
- World Industrial Valve Demand: Projected 2014-2019
- Annual Rate of Growth
- World Industrial Valve Shipments by Region, 2014
- World Industrial Valve Demand by Product, 2014
- World Industrial Valve Demand: Projected 2014-2019
- Annual Rate of Growth by Product
- World Industrial Valve Demand by Market, 2014
- World Industrial Valve Demand: Projected 2014-2019
- Annual Rate of Growth by Market
SECTION IV -- NORTH AMERICA
- North America: Industrial Valve Demand by Country, 2014
- North America Industrial Valve Demand: Projected 2014-2019 Annual Rate of Growth by Country
SECTION V -- WESTERN EUROPE
- Western Europe: Industrial Valve Demand by Country, 2014
- Western Europe Industrial Valve Demand: Projected 2014-2019 Annual Rate of Growth by Country
SECTION VI -- ASIA/PACIFIC
- Asia/Pacific: Industrial Valve Demand by Country, 2014
- Asia/Pacific Industrial Valve Demand: Projected 2014-2019
- Annual Rate of Growth by Country
SECTION VII -- OTHER REGIONS
- Central & South America: Industrial Valve Demand by Country, 2014
- Central & South America Industrial Valve Demand: Projected 2014-2019 Annual Rate of Growth by Country
- Eastern Europe: Industrial Valve Demand by Country, 2014
- Eastern Europe Industrial Valve Demand: Projected 2014-2019 Annual Rate of Growth by Country
- Africa/Mideast: Industrial Valve Demand by Country, 2014
- Africa/Mideast Industrial Valve Demand: Projected 2014-2019 Annual Rate of Growth by Country
SECTION VIII -- INDUSTRY STRUCTURE
- World Industrial Valve Market Share, 2014
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