News Valve Manufacturing Report: Energy Needs Will Drive the Industrial Valve Market Over $100 Billion in Revenues by 2030
Report: Energy Needs Will Drive the Industrial Valve Market Over $100 Billion in Revenues by 2030
Monday, 08 February 2010 09:48
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The demand for industrial valves will expand from its present level of just under $50 billion/yr to over $100 billion/yr by 2030. The main driver will be the energy needs of the developing countries. Energy already accounts for over 40 percent of valve demand.  Power, refining, and oil and gas are all going to expand at a rate faster than average GDP during the next two decades.

Source: The McIlvaine Company

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