Top 10 Companies Supply 20% of World’s Valves

The world market for industrial valves in 2006 was $43 billion, according to recent research from The McIlvaine Company.

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by Bob McIlvaine

The world market for industrial valves in 2006 was $43 billion, according to recent research from The McIlvaine Company. The top 10 companies accounted for 20% of the total. The rankings of 159 valve companies are included in “Industrial Valves: World Markets,” an online continually updated 40,000 page report.

With a 6% market share, Tyco International – more specifically its Flow Control unit – is the largest supplier with sales of $2.4 billion (see Table 1).

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Asian valve suppliers are rising in the rankings. Many new Chinese companies have entered the market in recent years. They’re meeting the rapidly growing demand for industrial valves within that country’s booming economy. The power plant flue gas desulfurization (FGD) market is a good example of this. Outside China, the market for the large limestone slurry valves is served primarily by Crane, ITT, Larox, Red Valve and Tyco. Yet demand in China in 2006 was much larger than the rest of the world combined. This demand exceeded capacity of the international companies and was served largely by domestic valve companies.

It’s anticipated the world market, according to the report, will grow to $52 billion by some time in 2010. Contributing to this growth will be purchases in China for municipal wastewater treatment, drinking water, chemical, iron and steel manufacturing.

About the Author: Bob McIlvaine is the principal at the McIlvaine Company, based in Northfield, IL. Contact: www.mcilvainecompany.com

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