McIlvaine: Top 10 companies supply 20 percent of world's valves

According to recent research from The McIlvaine Company, the world market for industrial valves in 2006 was $43 billion. The top 10 companies accounted for 20 percent of the total. The rankings of 159 valve companies have been compiled by the McIlvaine Company and included in Industrial Valves: World Markets, an online continually updated 40,000 page report. Tyco is the largest supplier and with sales of $2.4 billion (6 percent market share). Asian valve suppliers are rising in the...

NORTHFIELD, IL, Oct. 30, 2007 -- According to recent research from The McIlvaine Company, the world market for industrial valves in 2006 was $43 billion. The top 10 companies accounted for 20 percent of the total. The rankings of 159 valve companies have been compiled by the McIlvaine Company and included in Industrial Valves: World Markets, an online continually updated 40,000 page report.

Tyco is the largest supplier and with sales of $2.4 billion (6 percent market share).
(See table.)

Asian valve suppliers are rising in the rankings. Many new Chinese companies have entered the market in recent years. They are meeting the rapidly growing demand for industrial valves within the country.

The power plant flue gas desulfurization market is a good example. Outside China the market for the large limestone slurry valves is served primarily by Crane, ITT, Larox, Red Valve and Tyco. However, the demand in China in 2006 was much larger than the rest of the world combined. Demand exceeded the capacity of the international companies and was served by domestic valve companies.

The world market according to McIlvaine will grow to $52 billion in 2010. Contributing to this growth will be purchases in China for municipal wastewater treatment, drinking water, chemical, iron and steel manufacturing.

For more information on Industrial Valves: World Markets, see: http://www.mcilvainecompany.com/brochures/water.html#n028

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