ASIAN VALVE MARKET TO REACH $31Billions BY 2019

ASIAN VALVE MARKET TO REACH $31Billions BY 2019

The industrial valve market in Asia will grow by $5 billion to reach more than $30 billion by 2019. The control valve market will grow by 21 percent and the on/off segment by 20 percent.

Valve Revenues  ($ Millions)

Even it is slowdown in China but growth will still be enviable compared to other countries. Coal gasification and liquefaction is promising to boost valve revenues substantially in China and will also impact South Korea and India.

Coal-fired power will show the greatest growth percentage in India, but many Asian countries have ambitious coal-fired generator programs. Steel, pulp and chemicals are all growth markets, they need many kinds valve products.

Steady growth will continue in municipal water and waste water industry, the cast iron gate valve, butterfly valve, check valve and this kinds valve products were requested .

By 2019, China will be treating 30,000 MGD with secondary waste water treatment ranking it second in the world behind the U.S. and with nearly three times the capacity of Japan.

Asian Secondary Wastewater Treatment Capacity in 2019 (MGD)