NR2005

Created on Monday, 29 September 2014 12:10
Last Updated on Monday, 29 September 2014 12:10
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NEWS RELEASE                                                                                        SEPTEMBER 2014

Industrial Valve Market to Exceed $70 Billion By 2019

The sales of industrial valves will exceed $70 billion in 2019. This is the latest prediction of the McIlvaine Company in Industrial Valves: World Market.

Industrial Valve Market ($ Millions)

World    Region

2019

 Total

 70,466  

 Africa

 4,001  

 CIS

 4,663  

 East Asia

 23,386  

 Eastern Europe

 1,251  

 Middle East

 6,022  

 NAFTA

 13,167  

 South &   Central America

 5,295  

 West Asia

 3,596  

 Western Europe

 9,085  

 

East Asia will account for 33 percent of the total market. NAFTA will be a distant second with sales of less than $13 billion. The rapidly growing market in Asia is shaped by a number of factors.

For more information on Industrial Valves: World Market, click on:   http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028