Growing Demand for Industrial Valves in the industry,
with Global Demand forecasted to
rise 4.4% annually through 2011.
The developing markets of Asia will see the strongest growth through to 2011. This will be propelled by advancing economic and fixed investment growth. World demand for industrial valves is projected to grow from US$68.2 billion in 2008 to US$77.6 billion in 2011.
Economic growth, a pro-business environment, developing infrastructure, global connectivity and expanding market opportunities are just some of the factors that will allow Asia to continue to grow.
All valves manufacturers and suppliers should be at Valves Asia 2010 to tap into the growing pool of opportunities within the lucrative markets of Asia.
The global market for industrial valves is forecast to increase 4.4 percent annually through 2011 to $77.6 billion. Gains will be driven by generally healthy global economic conditions, encouraging investment in key valve markets such as the US, China and Germany. Accelerations in economic fundamentals such as fixed investment expenditures will support gains in the important valve consuming regions of North America and Western Europe. Valve demand in the key energy production sector will also benefit from a pickup in primary energy consumption in mature markets like North America, as well as rapidly developing valve markets such as Latin America. The advanced nations of North America, Western Europe and Asia/Pacific (i.e., Australia, Japan, New Zealand, Singapore, South Korea and Taiwan) comprise mature markets for valves. Valve demand in the US, Japan and Western Europe will all post gains that trail behind the world average through 2011. Growth will instead be much more profound in the rapidly developing nations of the world such as China, India and Malaysia. Gains in valve demand will be stimulated by positive economic and fixed investment growth in these areas, while an expanding market for expensive automated valves and actuators will also aid the overall valve markets in the US, Japan and Western Europe.
Source: www.reportlinker.com
Economic growth, a pro-business environment, developing infrastructure, global connectivity and expanding market opportunities are just some of the factors that will allow Asia to continue to grow.
All valves manufacturers and suppliers should be at Valves Asia 2010 to tap into the growing pool of opportunities within the lucrative markets of Asia.
The global market for industrial valves is forecast to increase 4.4 percent annually through 2011 to $77.6 billion. Gains will be driven by generally healthy global economic conditions, encouraging investment in key valve markets such as the US, China and Germany. Accelerations in economic fundamentals such as fixed investment expenditures will support gains in the important valve consuming regions of North America and Western Europe. Valve demand in the key energy production sector will also benefit from a pickup in primary energy consumption in mature markets like North America, as well as rapidly developing valve markets such as Latin America. The advanced nations of North America, Western Europe and Asia/Pacific (i.e., Australia, Japan, New Zealand, Singapore, South Korea and Taiwan) comprise mature markets for valves. Valve demand in the US, Japan and Western Europe will all post gains that trail behind the world average through 2011. Growth will instead be much more profound in the rapidly developing nations of the world such as China, India and Malaysia. Gains in valve demand will be stimulated by positive economic and fixed investment growth in these areas, while an expanding market for expensive automated valves and actuators will also aid the overall valve markets in the US, Japan and Western Europe.
Source: www.reportlinker.com
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