NEWS RELEASE AUGUST 2013
Chinese Valve Purchases to Exceed $10 Billion Next Year
Industrial valve purchases for use in China next year will again grow robustly and surpass $10 billion for the first time. This is the conclusion in Industrial Valves: World Market published by the McIlvaine Company.
Chinese Industrial Valve Revenues ($ Millions)
|
Industry |
Classification |
2014 |
|
Chemical |
Control |
233 |
|
Chemical |
OnOff |
768 |
|
Electronics |
Control |
6 |
|
Electronics |
OnOff |
25 |
|
Food |
Control |
46 |
|
Food |
OnOff |
183 |
|
Iron & Steel |
Control |
274 |
|
Iron & Steel |
OnOff |
819 |
|
Metals |
Control |
53 |
|
Metals |
OnOff |
161 |
|
Mining |
Control |
108 |
|
Mining |
OnOff |
363 |
|
Oil & Gas |
Control |
81 |
|
Oil & Gas |
OnOff |
473 |
|
Other Electronics |
Control |
3 |
|
Other Electronics |
OnOff |
13 |
|
Other Industries |
Control |
270 |
|
Other Industries |
OnOff |
759 |
|
Pharmaceutical |
Control |
30 |
|
Pharmaceutical |
OnOff |
84 |
|
Power |
Control |
807 |
|
Power |
OnOff |
2,050 |
|
Pulp & Paper |
Control |
205 |
|
Pulp & Paper |
OnOff |
531 |
|
Refining |
Control |
88 |
|
Refining |
OnOff |
252 |
|
Wastewater |
Control |
174 |
|
Wastewater |
OnOff |
515 |
|
Water |
Control |
232 |
|
Water |
OnOff |
578 |
|
Total |
10,184 |
On/Off valves for the power industry will be the biggest segment. Control valves for the power industry will be the third largest segment and nearly equal to On/Off valves for the iron and steel industry.
The Chinese five-year plan, which will add nearly 45,000 MW/yr of new coal-fired power plants supplemented by an ambitious nuclear program, will result in this very large power segment market.
For more information on Industrial Valves: World Markets, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028