World valve market

The world market for industrial valves will grow from USD 38 billion in 2003 to over USD 44 billion in 2007. This new forecast has just been incorporated into the online Valves: World Markets report published by the McIlvaine Company. In terms of valve types, the automatic regulatory and control valve segment will be the largest with a market share of over 20%. Ball valves will garner almost the same share followed in order by gates and globe valves, butterfly valves, and industrial plug valves. A variety of miscellaneous valve types are aggregated in a sixth category which will account for USD 7.6 billion in sales in 2007.

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