Keywords : environment, energy consumption
World demand to rise 5.4% annually through 2015 Global demand for industrial valves is forecast to increase 5.4 percent per year through 2015 to $94 billion. Gains will be driven by continuing robust gains in the Asia/Pacific region as well as strong recovery in the US and West European markets from weak 2010 bases. The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia, Japan, New Zealan...
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World demand to rise 5.4% annually through 2015
Global demand for industrial valves is forecast to increase 5.4 percent per year through 2015 to $94 billion. Gains will be driven by continuing robust gains in the Asia/Pacific region as well as strong recovery in the US and West European markets from weak 2010 bases. The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia, Japan, New Zealand, Singapore and South Korea) comprise mature markets for valves. Growth in valve demand in these markets will in almost all cases lag the world average through 2015. Growth will be much stronger in rapidly developing nations such as India and China. Advances in valve demand in these areas will be driven by healthy economic and fixed investment growth. Rising per capita incomes and urbanization in developing countries will result in a boost for all key valve markets, especially water and energy use.
Automatic valve market to outpace conventional valves
The global market for automatic valves will outpace that for conventional valves, due to the continuing efforts of process manufacturers to improve operational efficiencies. The strongest gains will be registered in sales of separately sold automatic actuators, which are used together with standard valves to allow for automated valve functions, and are less expensive than automatic control and regulator valves with actuators preinstalled. Nevertheless, conventional valves will continue to account for 54 percent of total global valve demand in 2015, with sales benefiting from a lower cost profile relative to highly engineered automatic valves.
China only developing country among top producers
The largest and most advanced industrial valve industries are typically located in industrialized nations, particularly those that have large, well developed home markets, technical expertise in manufacturing higher-value products, and local presence of leading multinational valve producing companies. Germany, the US, Japan and Italy together accounted for 45 percent of global valve shipments in 2010 on a value basis. Developing China, however, is the one key exception to this rule, with the country being the world’s largest valve producing nation in 2010 and accounting for 20 percent of global shipments. Other important producers include France, the United Kingdom, Russia and Taiwan. The largest net exporters of valves are Germany, Italy, China and Japan.
Industrial valve industry to become more concentrated
Several thousand valve manufacturers are active in the global industry, but only about 50 are significant from a worldwide perspective. The five largest producers in 2010 -- Tyco (US), Emerson Electric (US), Cameron International (US), KSB (Germany) and Kitz (Japan) -- supplied only ten percent of global demand. Factors such as the wide variety of products offered, the straightforwardness and well-established nature of the manufacturing processes used, and geographic dispersion of customers promote widespread participation in the industrial valve industry. China alone has over 1,000 domestic producers. Nevertheless, the industry is expected to become more concentrated in the next decade, as large multinationals target growth from sales in developing countries and acquire local concerns.
Study coverage
This new industry study, presents historical demand data (2000, 2005, 2010) plus forecasts for 2015 and 2020 by product, world region and for 34 countries. The study also considers key market environment factors, evaluates company market share and profiles global industry competitors.
Global Clean Vehicle Industry
TABLE OF CONTENTS
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Economic Performance 6
World Economic Outlook 7
World Fixed Investment Trends 11
World Oil Industry Trends 14
World Energy Supply & Demand Outlook 15
Energy Supplies 16
Energy Demand 18
World Water Utilization Trends 21
World Construction & Infrastructure Trends 23
Pricing Trends 26
Valve Materials & Technologies 28
III. SUPPLY & DEMAND 31
General 31
Regional Overview 32
Demand 32
Production 36
International Trade 38
Demand by Product 40
Conventional Valves 41
Standard Multiturn 43
Quarterturn 46
Other 48
Automatic Valves 52
Automatic Control 54
Automatic Regulator 57
Automatic Actuators & Other 59
IV. NORTH AMERICA 62
General 62
Industrial Valve Supply & Demand 64
United States 67
Canada 73
Mexico 78
V. WESTERN EUROPE 82
General 82
Industrial Valve Supply & Demand 84
Germany 87
France 92
United Kingdom 96
Italy 101
Spain 105
Netherlands 110
Belgium 114
Austria 118
Norway 122
Other Western Europe 126
Switzerland 131
Sweden 132
Denmark 132
All Other 133
VI. ASIA/PACIFIC 135
General 135
Industrial Valve Supply & Demand 137
China 141
Japan 149
South Korea 154
Taiwan 159
India 164
Australia 169
Other Asia/Pacific 174
Indonesia 179
Thailand 180
Malaysia 181
Singapore 181
All Other 182
VII. OTHER REGIONS 184
Central & South America 184
Brazil 189
Other Central & South America 194
Eastern Europe 198
Russia 203
Other Eastern Europe 208
Poland 214
Czech Republic 215
Ukraine 216
All Other 217
Africa/Mideast 218
Saudi Arabia 224
Iran 225
Turkey 226
South Africa 227
Other Africa/Mideast 227
VIII. INDUSTRY STRUCTURE 229
General 229
Industry Composition 230
Market Share 232
Product Development 235
Manufacturing 237
Marketing & Distribution 238
Financial Requirements 240
Mergers, Acquisitions & Industry Restructuring 241
Company Profiles 245
Aerodyne Controls, see Circor International
Alfa Laval AB 246
Aliaxis SA 250
America R/D, see McWane
Ames Fire & Waterworks, see Watts Water Technologies
Amico Group Company Incorporated 254
AMRI, see KSB
ASCO Valve, see Emerson Electric
Astore Valves and Fittings, see Aliaxis
AVK International A/S 255
Barksdale, see Crane
Cameron International Corporation 258
Circle Seal Controls, see Circor International
Circor International Incorporated 261
Clow Valve, see McWane
Control Components, see IMI
Crane Company 267
Curtiss-Wright Corporation 272
CWFC Korea, see Curtiss-Wright
Danfoss A/S 276
Delta Valve, see Curtiss-Wright
Dresser, see General Electric
Ebro Armaturen Gebrueder Bröer GmbH 278
Emerson Electric Company 279
Entertech, see Curtiss-Wright
Farris Engineering, see Curtiss-Wright
Fischer (Georg) Limited 285
Flowserve Corporation 287
FMC Technologies Incorporated 291
Formatura Iniezione Polimeri, see Aliaxis
Friatec, see Aliaxis
General Electric Company 293
Giulani Annell, see Watts Water Technologies
Glynwed Pipe Systems, see Aliaxis
GO Regulator, see Circor International
Hale Hamilton Valves, see Circor International
Harrington Industrial Plastics, see Aliaxis
Hitachi Limited 296
Hoffman Specialty, see ITT
Hoke, see Circor International
Honeywell International Incorporated 298
Hunter Plastics, see Aliaxis
Hydro-Aire, see Crane
IMI plc 300
InterApp Armaturen Holding, see AVK International A/S
IPEX, see Aliaxis
ITT Corporation 304
Jimten, see Aliaxis
KEF Holdings, see Tyco International
Kennedy Valve, see McWane
Kitz Corporation 307
KSB AG 310
Kubota Corporation 313
Leslie Controls, see Circor International
M&H Valve, see McWane
McWane Incorporated 314
Metso Corporation 316
Mueller Water Products Incorporated 319
NAF, see Flowserve
Neway Valve Suzhou Company Limited 321
Newmans Valves, see Cameron International
NIBCO Incorporated 323
Nicoll, see Aliaxis
Norgren, see IMI
Okano Valve Manufacturing Company 325
Parker-Hannifin Corporation 326
Philmac, see Aliaxis
Pibiviesse, see Circor International
Pure-Flo, see ITT
Regeltechnik Kornwestheim, see Circor International
RMG Regel + Messtechnik, see Honeywell International
RX Plastics, see Aliaxis
Saint-Gobain 332
Samson AG Mess-Und Regeltechnik 334
Sea Tech, see Watts Water Technologies
SED Flow Control, see Aliaxis
Shanghai Neles-Jamesbury Valve, see Metso
Solent & Pratt, see Curtiss-Wright
Spence Engineering, see Circor International
Spirax-Sarco Engineering plc 336
SPX Corporation 338
TA Hydronics, see IMI
TapcoEnpro International, see Curtiss-Wright
Tescom, see Emerson Electric
Tyco International Limited 340
Valbart, see Flowserve
Valve Systems and Controls, see Curtiss-Wright
VALVITALIA SpA 344
Valvulas SF Industria Comercio Limitada, see Circor
International
Victaulic Company of America 346
Watts Water Technologies Incorporated 347
Weir Group plc 352
Wujiang Dongwu Machine, see Neway Valve Suzhou
Zhejiang DunAn Valve Company Limited 355
Zimmermann & Jansen, see IMI
Other Companies Mentioned in Study 357
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 11
2 World Gross Fixed Investment by Region 13
3 World Oil Products Supply 15
4 World Primary Energy Production by Type 18
5 World Primary Energy Consumption by Region 20
6 World Water Use by Region 23
7 World Construction Expenditures by Type & Region 26
8 World Industrial Valve Pricing 27
SECTION III -- SUPPLY & DEMAND
1 World Industrial Valve Demand by Region 34
2 World Industrial Valve Shipments by Region 37
3 World Industrial Valve Net Exports by Region 39
4 World Industrial Valve Demand by Product 40
5 World Conventional Industrial Valve Demand by Product
& Region 43
6 World Standard Multiturn Industrial Valve Demand
by Region 45
7 World Quarterturn Industrial Valve Demand by Region 48
8 World Other Conventional Industrial Valve Demand
by Region 52
9 World Automatic Industrial Valve Demand by Product
& Region 54
10 World Automatic Control Valve Demand by Region 57
11 World Automatic Regulator Valve Demand by Region 59
12 World Automatic Actuator Valve & Other Demand by Region 61
SECTION IV -- NORTH AMERICA
1 North America: Market Environment for Valves 63
2 North America: Industrial Valve Supply & Demand 66
3 United States: Market Environment for Valves 69
4 United States: Industrial Valve Supply & Demand 72
5 Canada: Market Environment for Valves 74
6 Canada: Industrial Valve Supply & Demand 77
7 Mexico: Market Environment for Valves 79
8 Mexico: Industrial Valve Supply & Demand 81
SECTION V -- WESTERN EUROPE
1 Western Europe: Market Environment for Valves 84
2 Western Europe: Industrial Valve Supply & Demand 86
3 Germany: Market Environment for Valves 89
4 Germany: Industrial Valve Supply & Demand 91
5 France: Market Environment for Valves 93
6 France: Industrial Valve Supply & Demand 95
7 United Kingdom: Market Environment for Valves 97
8 United Kingdom: Industrial Valve Supply & Demand 100
9 Italy: Market Environment for Valves 102
10 Italy: Industrial Valve Supply & Demand 104
11 Spain: Market Environment for Valves 106
12 Spain: Industrial Valve Supply & Demand 109
13 Netherlands: Market Environment for Valves 111
14 Netherlands: Industrial Valve Supply & Demand 113
15 Belgium: Market Environment for Valves 115
16 Belgium: Industrial Valve Supply & Demand 117
17 Austria: Market Environment for Valves 119
18 Austria: Industrial Valve Supply & Demand 121
19 Norway: Market Environment for Valves 123
20 Norway: Industrial Valve Supply & Demand 125
21 Other Western Europe: Market Environment for Valves 127
22 Other Western Europe: Industrial Valve Supply & Demand 129
23 Other Western Europe: Industrial Valve Supply & Demand
by Country 131
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Market Environment for Valves 137
2 Asia/Pacific: Industrial Valve Supply & Demand 140
3 China: Market Environment for Valves 144
4 China: Industrial Valve Supply & Demand 148
5 Japan: Market Environment for Valves 150
6 Japan: Industrial Valve Supply & Demand 153
7 South Korea: Market Environment for Valves 155
8 South Korea: Industrial Valve Supply & Demand 158
9 Taiwan: Market Environment for Valves 161
10 Taiwan: Industrial Valve Supply & Demand 163
11 India: Market Environment for Valves 165
12 India: Industrial Valve Supply & Demand 168
13 Australia: Market Environment for Valves 170
14 Australia: Industrial Valve Supply & Demand 173
15 Other Asia/Pacific: Market Environment for Valves 175
16 Other Asia/Pacific: Industrial Valve Supply & Demand 177
17 Other Asia/Pacific: Industrial Valve Supply & Demand
by Country 179
SECTION VII -- OTHER REGIONS
1 Central & South America: Market Environment for Valves 186
2 Central & South America: Industrial Valve Supply & Demand 188
3 Brazil: Market Environment for Valves 190
4 Brazil: Industrial Valve Supply & Demand 193
5 Other Central & South America: Market Environment
for Valves 195
6 Other Central & South America: Industrial Valve Supply
& Demand 197
7 Eastern Europe: Market Environment for Valves 199
8 Eastern Europe: Industrial Valve Supply & Demand 202
9 Russia: Market Environment for Valves 205
10 Russia: Industrial Valve Supply & Demand 208
11 Other Eastern Europe: Market Environment for Valves 210
12 Other Eastern Europe: Industrial Valve Supply & Demand 212
13 Other Eastern Europe: Industrial Valve Supply & Demand
by Country 214
14 Africa/Mideast: Market Environment for Valves 220
15 Africa/Mideast: Industrial Valve Supply & Demand 222
16 Africa/Mideast: Industrial Valve Supply & Demand
by Country 224
SECTION VIII -- INDUSTRY STRUCTURE
1 Industrial Valve Sales for Selected Manufacturers, 2010 231
2 Selected Acquisitions & Divestitures 243
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 World Primary Energy Consumption by Region, 2010 21
2 World Industrial Valve Price Indices, 2000-2020 28
SECTION III -- SUPPLY & DEMAND
1 World Industrial Valve Demand by Region, 2010 35
2 Increase in Industrial Valve Demand from 2010 to 2015 35
3 World Industrial Valve Shipments by Region, 2010 38
4 World Industrial Valve Demand by Product, 2010 41
SECTION IV -- NORTH AMERICA
1 North America: Industrial Valve Demand by Country, 2010 67
SECTION V -- WESTERN EUROPE
1 Western Europe: Industrial Valve Demand by Country, 2010 87
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Industrial Valve Demand by Country, 2010 141
SECTION VIII -- INDUSTRY STRUCTURE
1 World Industrial Valve Market Share, 2010 232
