World Industrial Valves Market

  • January 2014
  • -
  • Freedonia
  • -
  • 434 pages

World demand to rise 5.1% annually through 2017

Global demand for industrial valves is forecast to grow 5.1 percent per annum through 2017 to more than $80 billion. Although growth will be healthy across the globe (spurred by recovery from the recent economic downturn), the drivers of growth will vary by region. Advances in developing areas such as China and India will result from industrialization, as investment in water infrastructure and electricity generation grows. In developed areas, continued advances in manufacturing output will provide growth in the process manufacturing market. Oil producing nations such as those in the Middle East will post gains due to rising drilling activity. In the US, demand will benefit from the boom in hydraulic fracturing in the oil and gas market, as well as from the improved economy.

China emerged as the largest producer of industrial valves in 2012. China has developed the largest trade surplus in the world, and it is expected to grow through the forecast period. Germany, Italy, and Japan are also major net exporters, each with a surplus of over $1 billion in 2012.

Process manufacturing market to post strong gains

Process manufacturing will post strong gains in valve demand, driven by growing output, especially in the chemical industry. Rising standards of living will boost capacity in process manufacturing in developing regions. In addition, the need for more efficient manufacturing operations in developed nations will spur investment in new equipment, benefiting valves. Advances in valve demand in the water infrastructure market will result from two key factors: in developing nations, access to water supply and sanitation will be increased; in developed nations, aging water infrastructure will need repair and upgrade. Valve demand in the oil and gas market will benefit from increased oil and gas production, which will require additional investment in pipeline infrastructure.

Automatic valves to outpace conventional types

Demand for automatic valves will outpace conventional valves due to ongoing efforts by 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 pre-installed.

Study coverage

This upcoming Freedonia industry study, World Industrial Valves, is available for $6100. It presents historical demand data for 2002, 2007 and 2012, plus forecasts for 2017 and 2022 by valve type, world region, and for 33 countries. In addition, the study considers market environment factors, assesses the industry structure, evaluates company market share and profiles more than 40 global industry competitors, including Cameron, Crane, Emerson Electric, Flowserve, Kitz and Pentair.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION xiii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 5
Macroeconomic Outlook 8
World Fixed Investment Overview 11
World Energy Overview 14
Energy Supplies 15
Energy Demand 17
World Water Utilization Trends 19
World Construction Trends 21
Pricing Patterns 24
Valve Materials and Technology 26

III. OVERVIEW 28

General 28
Demand by Region 29
Production by Region 32
International Trade 34
Demand by Product 36
Conventional 37
Standard Multiturn 38
Quarterturn 40
Other 43
Automatic 47
Control 49
Regulator 52
Actuators and Other 53
Demand by Market 55
Process Manufacturers 56
Water Infrastructure 58
Oil and Gas 61
Other 63

IV. NORTH AMERICA 66

General 66
Industrial Valve Supply and Demand 67
Industrial Valve Outlook and Suppliers 69
United States 70
Canada 77
Mexico 84

V. WESTERN EUROPE 90

General 90
Industrial Valve Supply and Demand 91
Industrial Valve Outlook and Suppliers 94
Germany 95
Italy 101
France 107
United Kingdom 112
Spain 119
Netherlands 124
Other Western Europe 129
Austria 136
Belgium 137
Switzerland 138
Sweden 138
Denmark 139
All Other 140

VI. ASIA/PACIFIC 141

General 141
Industrial Valve Supply and Demand 142
Industrial Valve Outlook and Suppliers 145
China 146
Japan 155
India 161
South Korea 167
Australia 173
Taiwan 179
Thailand 184
Indonesia 191
Other Asia/Pacific 197
Malaysia 203
Singapore 204
All Other 205

VII. OTHER REGIONS 206

Central and South America 206
Industrial Valve Supply and Demand 207
Industrial Valve Outlook and Suppliers 210
Brazil 212
Other Central and South America 219
Argentina 224
Venezuela 225
All Other Central and South America 226
Eastern Europe 227
Industrial Valve Supply and Demand 228
Industrial Valve Outlook and Suppliers 230
Russia 231
Other Eastern Europe 238
Poland 245
Czech Republic 245
Ukraine 246
Hungary 246
All Other Eastern Europe 247
Africa/Mideast 248
Industrial Valve Supply and Demand 249
Industrial Valve Outlook and Suppliers 252
Saudi Arabia 253
Iran 260
Other Africa/Mideast 264
Turkey 273
South Africa 273
All Other Africa/Mideast 274

VIII. INDUSTRY STRUCTURE 276

General 276
Industry Composition 277
Market Share 279
Manufacturing 281
Product Development 283
Marketing and Distribution 284
Cooperative Agreements 285
Mergers, Acquisitions, and Divestitures 288
Company Profiles 294
Aerodyne Controls, see CIRCOR International
Alfa Laval AB 295
Aliaxis SA 299
American R/D, see McWane
Ames Fire and Waterworks, see Watts Water Technologies
Amico Group Company Incorporated 304
AP Services, see Curtiss-Wright
ASCO Valve, see Emerson Electric
Astore Valves and Fittings, see Aliaxis
AVK Holding A/S 305
Barksdale, see Crane
Biffi Italia, see Pentair
Bröer Holding GmbH 310
Cameron International Corporation 312
CERA SYSTEM Verschleißschutz, see Samson AG Mess-
Und Regeltechnik
Circle Seal Controls, see CIRCOR International
CIRCOR International Incorporated 315
Clow Valve, see McWane
Control Components, see IMI
Crane Company 321
Curtiss-Wright Corporation 326
CWFC Korea, see Curtiss-Wright
Cyl Knife Valves, see AVK Holding
Danfoss A/S 331
Daniel Measurement and Control, see Emerson Electric
DeltaValve, see Curtiss-Wright
DP Industries, see KSB
Duijvelaar Pompen, see KSB
Ebro Armaturen Gebrüder Bröer, see Bröer Holding
Emerson Electric Company 333
Enertech, see Curtiss-Wright
Farris Engineering, see Curtiss-Wright
Fischer (Georg) Limited 339
Flowserve Corporation 342
FMC Technologies Incorporated 345
Formatura Iniezione Polimeri, see Aliaxis
Friatec, see Aliaxis
GE Oil and Gas, see General Electric
Gebrüder Bröer, see Bröer Holding
General Electric Company 347
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 349
Honeywell International Incorporated 351
Hunter Plastics, see Aliaxis
Hydro-Aire, see Crane
IMI plc 353
InterApp Armaturen Holding, see AVK International
IPEX, see Aliaxis
ITT Corporation 358
Jansen (TH) Armaturen, see IMI
Jimten, see Aliaxis
KEF Holdings, see Pentair
Kennedy Valve, see McWane
KITZ Corporation 360
KSB AG 363
Kubota Corporation 367
Leslie Controls, see CIRCOR International
LEUSCH, see Samson AG Mess-Und Regeltechnik
MandH Valve, see McWane
McWane Incorporated 368
Metso Corporation 370
Mueller Steam Specialty, see Watts Water Technologies
Mueller Water Products Incorporated 373
Neway Valve Suzhou Company Limited 375
Newco Valves, see Cameron International
NIBCO Incorporated 377
Nicoll, see Aliaxis
Norgren, see IMI
Okano Valve Manufacturing Company 379
Orbinox Valves International, see AVK Holding
Paling Industries, see Aliaxis
Parker-Hannifin Corporation 380
Pentair Limited 387
Pfeiffer Chemie-Armaturenbau, see Samson AG Mess-
Und Regeltechnik
PGI International, see Parker-Hannifin
Philmac Proprietary, see Aliaxis
Phönix Holding, see Curtiss-Wright
Pure-Flo, see ITT
Reed Valve, see Curtiss-Wright
Regeltechnik Kornwestheim, see CIRCOR International
RESISTOFLEX, see Crane
RX Plastics, see Aliaxis
Saint-Gobain 391
Samson AG Mess-Und Regeltechnik 394
Sea Tech, see Watts Water Technologies
SED Flow Control, see Aliaxis
Shanghai Neles-Jamesbury Valve, see Metso
Snap-tite, see Parker-Hannifin
Socla, see Watts Water Technologies
Solent and Pratt, see Curtiss-Wright
Spence Engineering, see CIRCOR International
Spirax-Sarco Engineering plc 398
Sporlan, see Parker-Hannifin
SPX Corporation 400
Stafsjö Valves, see Bröer Holding
Stratoflex Products, see Parker-Hannifin
TA Hydronics, see IMI
TapcoEnpro International, see Curtiss-Wright
Target Rock, see Curtiss-Wright
Tescom, see Emerson Electric
Tyco International Limited 402
Universal Hardware and Plastics Factory, see Aliaxis
Valstone Control, see Metso
VALVITALIA SpA 403
Veriflo, see Parker-Hannifin
VETEC Ventiltechnik, see Samson AG Mess-Und
Regeltechnik
Victaulic Company 405
Vinilit, see Aliaxis
Watts Water Technologies Incorporated 407
Weir Group plc 412
XOMOX, see Crane
Xylem Incorporated 415
ZandJ Technologies, see IMI
Zhejiang DunAn Valve Company Limited 416
Other Companies Mentioned in Study 418



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 14
3 World Energy Production by Type 17
4 World Energy Consumption by Region 19
5 World Water Use by Region 21
6 World Construction Expenditures by Region 24

SECTION III -- OVERVIEW

1 World Valve Demand by Region 31
2 World Valve Shipments by Region 34
3 World Valve Net Exports by Region 35
4 World Valve Demand by Product 36
5 World Conventional Valve Demand by Region 38
6 World Standard Multiturn Valve Demand by Region 40
7 World Quarterturn Valve Demand by Region 43
8 World Other Conventional Valve Demand by Region 47
9 World Automatic Valve Demand by Region 49
10 World Control Valve Demand by Region 51
11 World Regulator Valve Demand by Region 53
12 World Automatic Actuator and Other Valve Demand by Region 55
13 World Valve Demand by Market 56
14 World Process Manufacturers Valve Demand by Region 58
15 World Water Infrastructure Valve Demand by Region 60
16 World Oil and Gas Valve Demand by Region 63
17 World Other Valve Markets Demand by Region 65

SECTION IV -- NORTH AMERICA

1 North America: Valve Supply and Demand 68
2 North America: Valve Demand by Type and Market 70
3 United States: Valve Supply and Demand 74
4 United States: Valve Demand by Type and Market 77
5 Canada: Valve Supply and Demand 81
6 Canada: Valve Demand by Type and Market 84
7 Mexico: Valve Supply and Demand 87
8 Mexico: Valve Demand by Type and Market 89

SECTION V -- WESTERN EUROPE

1 Western Europe: Valve Supply and Demand 93
2 Western Europe: Valve Demand by Type and Market 95
3 Germany: Valve Supply and Demand 98
4 Germany: Valve Demand by Type and Market 100
5 Italy: Valve Supply and Demand 104
6 Italy: Valve Demand by Type and Market 106
7 France: Valve Supply and Demand 110
8 France: Valve Demand by Type and Market 112
9 United Kingdom: Valve Supply and Demand 116
10 United Kingdom: Valve Demand by Type and Market 119
11 Spain: Valve Supply and Demand 122
12 Spain: Valve Demand by Type and Market 124
13 Netherlands: Valve Supply and Demand 127
14 Netherlands: Valve Demand by Type and Market 129
15 Other Western Europe: Valve Supply and Demand 132
16 Other Western Europe: Valve Demand by Type and Market 134
17 Other Western Europe: Valve Supply and Demand by Country 136

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Valve Supply and Demand 144
2 Asia/Pacific: Valve Demand by Type and Market 146
3 China: Valve Supply and Demand 151
4 China: Valve Demand by Type and Market 154
5 Japan: Valve Supply and Demand 158
6 Japan: Valve Demand by Type and Market 160
7 India: Valve Supply and Demand 164
8 India: Valve Demand by Type and Market 167
9 South Korea: Valve Supply and Demand 170
10 South Korea: Valve Demand by Type and Market 172
11 Australia: Valve Supply and Demand 176
12 Australia: Valve Demand by Type and Market 178
13 Taiwan: Valve Supply and Demand 182
14 Taiwan: Valve Demand by Type and Market 184
15 Thailand: Valve Supply and Demand 188
16 Thailand: Valve Demand by Type and Market 190
17 Indonesia: Valve Supply and Demand 194
18 Indonesia: Valve Demand by Type and Market 197
19 Other Asia/Pacific: Valve Supply and Demand 200
20 Other Asia/Pacific: Valve Demand by Type and Market 202
21 Other Asia/Pacific: Valve Supply and Demand by Country 203

SECTION VII -- OTHER REGIONS

1 Central and South America: Valve Supply and Demand 209
2 Central and South America: Valve Demand by Type and Market 212
3 Brazil: Valve Supply and Demand 216
4 Brazil: Valve Demand by Type and Market 218
5 Other Central and South America: Valve Supply and Demand 221
6 Other Central and South America: Valve Demand
by Type and Market 223
7 Other Central and South America: Valve Supply
and Demand by Country 224
8 Eastern Europe: Valve Supply and Demand 229
9 Eastern Europe: Valve Demand by Type and Market 231
10 Russia: Valve Supply and Demand 235
11 Russia: Valve Demand by Type and Market 238
12 Other Eastern Europe: Valve Supply and Demand 241
13 Other Eastern Europe: Valve Demand by Type and Market 243
14 Other Eastern Europe: Valve Supply and Demand by Country 244
15 Africa/Mideast: Valve Supply and Demand 251
16 Africa/Mideast: Valve Demand by Type and Market 253
17 Saudi Arabia: Valve Supply and Demand 257
18 Saudi Arabia: Valve Demand by Type and Market 259
19 Iran: Valve Supply and Demand 262
20 Iran: Valve Demand by Type and Market 264
21 Other Africa/Mideast: Valve Supply and Demand 268
22 Other Africa/Mideast: Valve Demand by Type and Market 271
23 Other Africa/Mideast: Valve Supply and Demand by Country 272

SECTION VIII -- INDUSTRY STRUCTURE

1 World Valve Sales by Company, 2012 278
2 Selected Cooperative Agreements 287
3 Selected Acquisitions and Divestitures 291



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 World Valve Price Index, 2002-2022 26

SECTION III -- OVERVIEW

1 World Valve Demand by Region, 2012 32

SECTION VIII -- INDUSTRY STRUCTURE

1 World Valve Market Share by Company, 2012 279

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