NR2011

NEWS RELEASE                                                                                                    OCTOBER 2014

China Globe Valve Purchases to Exceed $3.5 Billion In 2019

China will be the leading purchaser of globe valves in 2019. McIlvaine Company has ranked purchasers in Industrial Valves: World Market. China will spend $2.65 billion for globe valves used for control purposes and $883 million for on/off globe valves.

Ranking of Globe Valve Purchasers ($ Millions)

Country

Classification

2019

 China  

 Control

 2,650

 United   States

 Control

 1,718

 China  

 On/Off

 883

 India

 Control

 590

 United   States

 On/Off

 573

 Russia

 Control

 504

 Japan

 Control

 503

 Germany

 Control

 362

 Brazil

 Control

 360

 South   Korea

 Control

 272

 Saudi   Arabia

 Control

 246

 Mexico

 Control

 225

 United   Kingdom

 Control

 219

 Canada

 Control

 203

 India

 On/Off

 197

 France

 Control

 186

 Italy

 Control

 178

 Russia

 On/Off

 168

 Japan

 On/Off

 168

 Indonesia

 Control

 163

 Other   Middle East

 Control

 147

 Nigeria

 Control

 133

 Taiwan

 Control

 125

 Spain

 Control

 125

 Australia

 Control

 125

 

The U.S. will be the second largest purchaser. India, Russia and Japan round out the top five. Saudi Arabia is in the top ten due to its oil and gas activity.

The markets for control valves are growing faster than those for the on/off segment.  The trend is toward greater automation and optimization of processes. Globe control valves are important elements in adjusting the flow of fluids to coincide with process changes.

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