World demand for industrial valves is projected to climb 4.3% annually through 2019 to $98.5 billion. Market advances will be stimulated by growth in water treatment and electric power generation,and construction activity in a generally healthy economic environment.
Ongoing efforts to expand water infrastructures in developing countries and maintain or waste water treatment and upgrade water and distribution systems in developed nations will also contribute to selling increases through 2019. Amount gains will be boosted as well by greater use of “smart” valves and actuators and other better performing, higher priced items.
Industrial valve market growth in developing parts of Asia, Central and South America,Africa, Mideast region,and Eastern Europe will outpace product demand in Western Europe and the US. China will post the strongest advances of any national market in value terms, accounting for 23% of all additional valve sales on a global basis. India is smaller but it still sizable valve market. It will register larger gains in percentage terms.
Some smaller national markets are expected to record healthy sales increases as well. Gains in US valve demand will be bolstered by growth in business investment spending as economic conditions continue to improve.But maybe it will be influenced by the tax increasing which hold by Trump government. In Western Europe and Japan,product sales will also expand.
However, market advances in these areas will lag those in most other parts of the world, limited by below average increases in process manufacturing output and associated fixed investment expenditures.