Analysis on Current Market Status and Prospects of World Automatic Control Valves

Translated by Adah Zheng from Reitz International

The market of world automatic control valves in 2002 was 10 billion U.S. dollars, and in 2008 it will grow to 23 billion. Because of the coming up of "Smart" valves, the performance of the valve has been greatly improved. At present, all the valve factories are dedicated to the software development of electronic Control Technology and Information Technology. Power station is the second largest market of valve, especially for the kind of gas turbine. The quantity requirement of gas- turbines is 4 times as much as combined cycle gas- turbines, the need of which is larger than the single ones. China and the United States are the big countries of gas turbine, so they are the largest Consumers. What’s more, the updating of valve is also a very big market. Apparently, the United States, which accounts for one-third of the world's gas turbine, is the largest market of valve updating.

The valve market share has been changed due to the merger of Invensys Flow Control by Flow Serve. Tyco, which takes the share of 6%, still hold pride of place. Flow Serve , which takes the share of 4%, rises to the second Emerson is the third which takes the share of 3%.The sales amount of Industrial valves and Valve Actuators in Europe in 2002 is 3.53 billion U.S. dollars, and in 2008 it will rise to 4.1 billion, the annual growth rate is 2.2%. Technological innovation extends the performance of Industrial valves and Valve Actuators, the stability of oil price and the expanding use of natural gas make the investment of petroleum and the natural gas larger and larger, all of the above push the market of Industrial valves and Valve Actuators popular. Spare parts and accessories is another big potential market. The reorganization of Smart valve and the site technology can also expand the market. Smart valves will be more widely used in the future, and the Valve Actuators market will increase at a quicker speed than that of valve.

Recently, RC Consulting Group made a market survey on the valve actuators and the valve positioner, it reached the conclusion that smart valve positioner and smart Valve Actuators will be the fastest growing part of the whole control valve market, and the annual growth rate of which is estimated at over 50%.The sales amount has increased to 158 million in 2002 from 20.2 million in 1997.