Valve automation world market in 2002 to 100 billion U.S. dollars, is expected to reach 13 billion in 2006 dollars. As the "smart" valves appear, valve performance has improved. Currently manufacturers are working on the valve electronic control valve technology and information technology software
From the market segmentation point of view, the oil industry including its upstream oil and gas, and its downstream refining industry is the largest valve market. Therefore, the Middle East is the most important oil field valve market. Chemical valve is another big market. By 2006, the United States the largest market segment valve or in the chemical industry. By 2006, demand for the chemical industry valve top 10 countries will be: (1) the United States; (2) Japan; (3) Germany; (4) Chinese; (5) United Kingdom; (6) France; (7 ) South Korea; (8) Italy; (9) Taiwan; (10) Canada.
Valve station is the second largest market, especially the gas turbine. Than the single-cycle gas turbine combined cycle gas turbine requires a greater number of valves, and gas valve unit is the amount of gas turbine combined four times. China and the United States is the gas turbine power, and therefore the largest user of power plant valves. Valve replacement update is also a big market. United States accounts for one third of the world's gas turbine capacity, is the largest market for valve update
Valve of the market share of recent invensys; flow; control is flowserve mergers changed. tyco still the first, to 6%; flowserve up to second place, to 4%; emerson third place, 3%. Europe's industrial valve and actuator sales in 2002 was 35.3 billion U.S. dollars, is expected to reach $ 4.1 billion in 2008. Compound annual growth rate of 2.2%. Technological innovation and the valve actuator has better performance, stability and natural gas prices have made in expanding the use of oil and gas investment to increase, prompting the rise in the valve actuator markets. Also spare parts is also a big market. Smart valves and fieldbus technology has been recognized by the market also helped market growth. The future will be more intelligent valve wide range of applications. Actuator valve even faster than the growth rate. One 1 / 4 turn actuators are widely used because of its simple structure, than the multi-turn actuators have a larger market. Valves and actuators market share in Europe, ranked as follows:
Recently, arc Consulting Group for the actuator and valve positioner conducted a survey of the market that the smart valve positioners and intelligent actuator control valve will be the fastest growing segment of the market, estimated at over 50% annual growth rate . Sales in 1997 increased to $ 20.2 million in 2002 to $ 158 million.
By sales, market demand world ranking is as follows:
Middle East, Europe, Africa 37.3%;
North America, 36.8%;