NR1824

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)

Bottom of Form

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