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Industrial valve sales to rise by 5.1% globally
The global demand for industrial valves is set to rise 5.1% per year through 2017 to USD 82.5B. 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 ongoing industrialization, as investment in water infrastructure and electricity generation grows”. The growth in the process manufacturing market will be provide by continued advances in manufacturing output. Oil-producing nations such as those in the Middle East will see gains due to rising production. In the US, demand in the oil and gas market will benefi t from infrastructure construction and increased production due to shale development, as well as from the improved economy.
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