NEWS RELEASE MARCH 2012
Industrial Valves Market in East Asia to Exceed $15 Billion This Year
Twenty eight percent of the industrial valve purchases in 2012 will be for East Asian end users. The total sales in the region will exceed $15.2 billion. This is the latest forecast in Industrial Valves: World Markets, a continuously updated online publication of the McIlvaine Company.
Industrial Valve Revenues ($ Millions)
|Southern & Central America||3,781|
The large number of new coal-fired power stations, municipal wastewater treatment plants and other industrial plants in East Asia is driving this regional market to an 8 percent growth rate. China is the dominant player, purchasing more than half the valves in the East Asian region in 2012.
Industrial Valve Revenues, East Asia ($ Millions)
|Other East Asia||44|
Chinese power plants will spend $2.1 billion for valves. The country is adding more than 30,000 MW of new coal-fired capacity each year. This is more than Western Europe and the U.S. combined. With 800,000 MW of installed coal-fired capacity, the replacement valve market in China is 2.5 times larger than the U.S. and again larger than the U.S. and West Europe combined.
Industrial Valve Revenues, China ($ Millions)
|Iron & Steel||893|
|Oil & Gas||419|
|Pulp & Paper||624|
For more information on Industrial Valves: World Markets, click on: http://www.mcilvainecompany.com/brochures/water.html#n028