NEWS RELEASE                                                                                             SEPTEMBER 2015

Detailed Forecasting of Valves and Pumps Increases Accuracy and Facilitates Precise Estimates of Individual Project Opportunities

The standard Pump and Valve World Market reports by McIlvaine Company include 40,000 quarterly forecasts with divisions by each country, industry and product type.  McIlvaine also offers more detailed options which provide many additional revenue forecasts per quarter. There are three advantages to the extended forecasts.

  • Strategic: detailed forecasts are more accurate and can be directly related to the products offered by the valve or pump supplier
  • Sales: detailed forecasts make it possible to assign order values to all the large projects and to prioritize them
  • Facilitates cooperation among management, sales and engineering

A good example is the LNG industry. Special pumps and valves are needed for cryogenic applications. Centrifugal pumps and butterfly valves are widely utilized.  The standard forecasts split up a $6 billion market for centrifugal pumps and a $700 million market for butterfly valves in oil and gas by country. With a system which delivers one hundred times more detail, these segments are further broken down into LNG vs. other oil and gas sectors and into cryogenic vs. non-cryogenic.  Furthermore, the forecasts are segmented by the three types of operations: liquefaction, transport and regasification.

Oil and Gas Pump Forecast 2015

$ Millions


Oil and Gas Valve Forecast 2015

$  Millions


All Oil and Gas Pumps



All Oil and Gas Valves








LNG Cryogenic




















Per Ship


  Per Terminal $2

Per Tank



Number of BF Valves

/Terminal 61

Per Pump


  Valve Price $004

In each segment the actual number of pumps and valves can be determined for a specific facility or tanker.  With the price of each valve and pump, the project order opportunity can be determined.  With this detailed forecasting it is possible to assign values to each project in the McIlvaine 71EI Oil, Gas, Shale, Refining E-Alert.  Here are three examples from the September 15 issue:

Petronas Selects Axens Technologies for Malaysia’s RAPID Project

Petroliam Nasional Berhad (PETRONAS), has selected Axens as a technology provider for PETRONAS’ Refinery and Petrochemicals Integrated Development (RAPID) project located in Pengerang, Johor, Malaysia. RAPID is part of PETRONAS’ Pengerang Integrated Complex (PIC) development, which includes six major associated facilities namely the Pengerang Co-generation Plant, Re-gasification Terminal 2, Air Separation Unit, Raw Water Supply Project, Liquid Bulk Terminal as well as central and shared utilities and facilities. RAPID is estimated to cost US$16 billion while the associated facilities will involve an investment of about US$11 billion. PIC is poised for its refinery start-up by early 2019.

Regasification terminal will generate a cryogenic pump opportunity of $1 million and butterfly valve opportunity of $0.5 million.  Total flow control and treatment opportunities for the project are over $200 million.

Lloyds Energy awards KBR Eurasian FLNG FEED Contract

KBR, Inc. has been awarded a near-shore floating LNG Front End Engineering Design (FEED) contract by Lloyds Energy Ltd. Under this contract, KBR will provide integrated topsides and hull engineering design services for a nominal 2.5 million TPA floating natural gas liquefaction plant (FLNG). Start-up of the project facilities is expected to take place in 2019.

This project will add about 1 percent to world LNG capacity and create a $1 million opportunity for cryogenic pumps and $400,000 opportunity for butterfly valves.

Keppel contracts 3rd Floating Liquefaction Facility Conversion Worth $684 Million

Keppel Shipyard Limited (Keppel Shipyard), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has signed a contract worth approximately US$684 million with Golar Gandria N.V., a subsidiary of Golar LNG Limited (Golar LNG), to perform the conversion of a Moss type Liquefied Natural Gas (LNG) carrier, the GANDRIA, into a Golar Floating Liquefaction (GoFLNG) facility. Keppel Shipyard will once again engage Black & Veatch to provide design, procurement and commissioning support services for the topsides, as well as the liquefaction process utilizing its established PRICO® technology. The GANDRIA is a 126,000 cubic meter Moss LNG carrier. 

Each ship is a $900,000 opportunity for cryogenic pumps and a $300,000 opportunity for butterfly valves.

For more information on:

Pumps World Markets, click on:

N028 Industrial Valves: World Market, click on:

Oil, Gas, Shale, Refining E-Alert: