2012 Global Valve Market
2012 global valve Market for Energy, Chemical and Mining...
Thanks to a post by my friend Anand Radhakrishnan over at VALVE SOLUTIONS, I realized how one part part of a system alone can be a very big market when looking at it globally. Grant it, it can be physically a big part, .. and a big part as it relates to importance of industries like Oil and Gas, Power, Refining, Chemical, Wastewater (and Water industry too), Pulp and Paper, Iron and Steel, Pharmaceutical, Food and Mining industries.For many of those industries, it can be a bottleneck too, like conveyors can. So the maintenance and support for valves should be big too. Even when not a bottleneck, maintenance and support are critical warranted just by the volume of valves per facility/system. Just like the frequency drive market.
The industrial valve market article Anand pointed to in projectsmonitor.com provided the data we created the valve market chart above from, so you can visualize just how big the valve market is. Below is quote from their article, click here to read the whole article.
"The situation in the Americas mirrors that of Europe only with slightly higher numbers. US valve manufacturers are gaining a strong foothold in the power, pharmaceutical, chemical and other high-tech industries in Asia."
Don (Follow me on Industrial Skills Training Blog and on Twitter @IndTraining .) Be sure to add me to your Google+ circles to stay on top!
Comments
Thanks for referring me in your blog and the article posted in our Valve Solutions group. This report by global consultancy McIivaine on the global valve market is a precise estimate of how related projects in the Oil and Gas, Energy, Refining, Petrochemicals, Pharmaceuticals, Water and wastewater industry will play out. There is much that can be derived out of how the demand for associated equipment and services viz; process controls, automation, industrial automation, pumps, rotary equipment associated demand for pipe fittings and flanges. All in all there is great news to cheer about for the industrial segment. What remains is how individual companies work out their strategy to tap opportunities across different global markets.
Thanks for referring me in this article that i posted in our Linkedin group VALVE SOLUTIONS. This report by global consultancy McIivaine is a precise estimate of the global valve market like you have projected in a nice graphical representation industry wise. Much can be derived from these numbers in terms of the demand in each industry sector and associated demand for other associated equipment and services. All in all there is much cheer for the industrial segment.