Industrial valve market to exceed US$65bn by 2017

This is the latest forecast in Industrial Valves: World Markets published by the McIlvaine Co.

East Asia will account for more than 30% of the market in 2017, with industrial valve sales of just over US$20 billion. The NAFTA valve market will be worth US$12.6 billion, while McIlvaine expects Western Europe to account for sales of US$9.4 billion.