BEIJING, Nov. 24 /PRNewswire/ -- Himfr.com ( http://www.himfr.com/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that that world automation valve ( http://www.himfr.com/ps-valve/ ) market has gone from 10 billion U.S. dollars in 2002 to 23 billion U.S. dollars in 2008. While the development of "smart" valves took valve performances to a new level, the direction of recent researches has turned to valve's electronic control technology and information technology software. Power plant is the valve's second large market, in which gas turbines ( http://www.himfr.com/buy-gas_turbine/ ) and combined cycle gas turbines ( http://www.himfr.com/buy-combined_cycle_gas_turbine/ ) require more valves than single cycle gas turbines, and fuel gas unit use four times more valves than the combined gas turbine. China and United States, being super nations in gas turbine, are the biggest consumers in power plant valves. The market in maintaining and upgrading of valves is also huge. The United States accounts for one-third of the world's gas turbine capacity and is largest market for the upgrading of valves.
Recent mergers in the valves industry give rise to a new ranking in market positions, with Tyco remaining at the top with a 6% market share; FlowServe rises to second place, at 4%; Emerson ranks third which accounts for 3%.
In Europe, industrial valve's sale has gone from 3.53 billion U.S dollars in 2002 to 4.1 billion U.S dollars in 2008, and are currently growing at an annual growth rate of 2.2 percent. The demand from natural gas ( http://www.himfr.com/buy-natural_gas/ ) combined with new developments in the technology of valves, demand in Europe is expected to grow.
Himfr.com forecasts that the valve market will continue to grow steadily under sustainable demand.
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