February 2006

Trends and Resources

HP Impact: HPImpact: Energy applications spur expansions in global valve demand

The world market for industrial valves will grow steadily to $49 billion in 2009. This is up from $43 billion in 2005, according to research from the McIlvaine Co. (www.mcilvainecompany.com). In the a..

Weirauch, Wendy, Hydrocarbon Processing Staff

The world market for industrial valves will grow steadily to $49 billion in 2009. This is up from $43 billion in 2005, according to research from the McIlvaine Co. (www.mcilvainecompany.com). In the automatic regulation and control category, China is steadily narrowing the gap. But in 2009, that nation's demand is forecast to still be less than in the US. Japan will hold on to the third spot, with Russia taking the fourth position – based on its expanding role in oil and gas. Saudi Arabia makes the list of the top 15 solely on the basis of its oil and gas activities, according to this study. Germany will continue among the top five due to its strong chemical industry. The potential

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