Global industrial valve market will grow steadily

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According to the latest report from McIlvaine, the global industrial valve market is expected to experience steady growth over the next few years. The market value is projected to rise from $43 billion in 2005 to $49 billion by 2009. This growth is driven by increasing demand across various industries, including energy, chemical, and manufacturing sectors. The report highlights that China is rapidly closing the gap with the United States in terms of industrial valve consumption. By 2009, China is expected to become the second-largest consumer of industrial valves, following the U.S. Meanwhile, Japan will continue to hold the third position. Countries such as Russia, Germany, and Saudi Arabia are also seeing strong growth in demand due to the rapid expansion of their oil, gas, and chemical industries. In terms of application areas, power plant dust removal systems are expected to create significant valve demand. Other sectors showing double-digit growth include ethanol production, liquefied natural gas (LNG), desalination, and biotechnology. Additionally, emerging energy sources like oil sands, oil shale, and coal liquefaction are opening up new opportunities for industrial valve manufacturers. Looking at specific valve types, the report forecasts that sales of automatic control and regulating valves will reach $11.8 billion by 2009. Ball valves are expected to surpass $11 billion in revenue, while gate and globe valves will each generate over $8 billion. Butterfly valves are anticipated to reach $5 billion, and plug valves are expected to exceed $4 billion in sales. These figures underscore the growing importance of industrial valves across a wide range of applications and regions.

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