Global demand for industrial valves will rise 5.4 percent annually through 2015. Growth will be driven by continuing robust gains in the Asia/Pacific region, as well as strong recovery in the US and West European markets. Automatic valves will outpace conventional types. The oil and gas industry will see strong growth in valve demand.

This study analyzes the $71.8 billion world industrial valve industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by valve type (e.g., standard multiturn, quarter turn, automatic control, automatic regulator, automatic actuator), world region and for 34 major countries.

The study also considers market environment factors, details industry structures, evaluates company market share and profiles 39 industry competitors, including Cameron International, Tyco International and Emerson Electric.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							     xii

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		World Economic Overview						       5
		   Recent Economic Performance					       6
		   World Economic Outlook					       7
		World Fixed Investment Trends					      11
		World Oil Industry Trends					      14
		World Energy Supply & Demand Outlook				      15
		   Energy Supplies						      16
		   Energy Demand						      18
		World Water Utilization Trends					      21
		World Construction & Infrastructure Trends			      23
		Pricing Trends							      26
		Valve Materials & Technologies					      28

	III.	SUPPLY & DEMAND							      31
		General								      31
		Regional Overview						      32
		   Demand							      32
		   Production							      36
		   International Trade						      38
		Demand by Product						      40
		   Conventional Valves						      41
		      Standard Multiturn					      43
		      Quarterturn						      46
		      Other							      48
		   Automatic Valves						      52
		      Automatic Control						      54
		      Automatic Regulator					      57
		      Automatic Actuators & Other				      59

	IV.	NORTH AMERICA							      62
		General								      62
		Industrial Valve Supply & Demand				      64
		United States							      67
		Canada								      73
		Mexico								      78

	V.	WESTERN EUROPE							      82
		General								      82
		Industrial Valve Supply & Demand				      84
		Germany								      87
		France								      92
		United Kingdom							      96
		Italy								     101
		Spain								     105
		Netherlands							     110
		Belgium								     114
		Austria								     118
		Norway								     122
		Other Western Europe						     126
		      Switzerland						     131
		      Sweden							     132
		      Denmark							     132
		      All Other							     133

	VI.	ASIA/PACIFIC							     135
		General								     135
		Industrial Valve Supply & Demand				     137
		China								     141
		Japan								     149
		South Korea							     154
		Taiwan								     159
		India								     164
		Australia							     169
		Other Asia/Pacific						     174
		      Indonesia							     179
		      Thailand							     180
		      Malaysia							     181
		      Singapore							     181
		      All Other							     182

	VII.	OTHER REGIONS							     184
		Central & South America						     184
		   Brazil							     189
		   Other Central & South America				     194
		Eastern Europe							     198
		   Russia							     203
		   Other Eastern Europe						     208
		      Poland							     214
		      Czech Republic						     215
		      Ukraine							     216
		      All Other							     217
		Africa/Mideast							     218
		      Saudi Arabia						     224
		      Iran							     225
		      Turkey							     226
		      South Africa						     227
		      Other Africa/Mideast					     227

	VIII.	INDUSTRY STRUCTURE						     229
		General								     229
		Industry Composition						     230
		Market Share							     232
		Product Development						     235
		Manufacturing							     237
		Marketing & Distribution					     238
		Financial Requirements						     240
		Mergers, Acquisitions & Industry Restructuring			     241
		Company Profiles						     245
		   Aerodyne Controls, see Circor International
		   Alfa Laval AB						     246
		   Aliaxis SA							     250
		   America R/D, see McWane
		   Ames Fire & Waterworks, see Watts Water Technologies
		   Amico Group Company Incorporated				     254
		   AMRI, see KSB
		   ASCO Valve, see Emerson Electric
		   Astore Valves and Fittings, see Aliaxis
		   AVK International A/S					     255
		   Barksdale, see Crane
		   Cameron International Corporation				     258
		   Circle Seal Controls, see Circor International
		   Circor International Incorporated				     261
		   Clow Valve, see McWane
		   Control Components, see IMI
		   Crane Company						     267
		   Curtiss-Wright Corporation					     272
		   CWFC Korea, see Curtiss-Wright
		   Danfoss A/S							     276
		   Delta Valve, see Curtiss-Wright
		   Dresser, see General Electric
		   Ebro Armaturen Gebrueder Bröer GmbH				     278
		   Emerson Electric Company					     279
		   Entertech, see Curtiss-Wright
		   Farris Engineering, see Curtiss-Wright
		   Fischer (Georg) Limited					     285
		   Flowserve Corporation					     287
		   FMC Technologies Incorporated				     291
		   Formatura Iniezione Polimeri, see Aliaxis
		   Friatec, see Aliaxis
		   General Electric Company					     293
		   Giulani Annell, see Watts Water Technologies
		   Glynwed Pipe Systems, see Aliaxis
		   GO Regulator, see Circor International
		   Hale Hamilton Valves, see Circor International
		   Harrington Industrial Plastics, see Aliaxis
		   Hitachi Limited						     296
		   Hoffman Specialty, see ITT
		   Hoke, see Circor International
		   Honeywell International Incorporated				     298
		   Hunter Plastics, see Aliaxis
		   Hydro-Aire, see Crane
		   IMI plc							     300
		   InterApp Armaturen Holding, see AVK International A/S
		   IPEX, see Aliaxis
		   ITT Corporation						     304
		   Jimten, see Aliaxis
		   KEF Holdings, see Tyco International
		   Kennedy Valve, see McWane
		   Kitz Corporation						     307
		   KSB AG							     310
		   Kubota Corporation						     313
		   Leslie Controls, see Circor International
		   M&H Valve, see McWane
		   McWane Incorporated						     314
		   Metso Corporation						     316
		   Mueller Water Products Incorporated				     319
		   NAF, see Flowserve
		   Neway Valve Suzhou Company Limited				     321
		   Newmans Valves, see Cameron International
		   NIBCO Incorporated						     323
		   Nicoll, see Aliaxis
		   Norgren, see IMI
		   Okano Valve Manufacturing Company				     325
		   Parker-Hannifin Corporation					     326
		   Philmac, see Aliaxis
		   Pibiviesse, see Circor International
		   Pure-Flo, see ITT
		   Regeltechnik Kornwestheim, see Circor International
		   RMG Regel + Messtechnik, see Honeywell International
		   RX Plastics, see Aliaxis
		   Saint-Gobain							     332
		   Samson AG Mess-Und Regeltechnik				     334
		   Sea Tech, see Watts Water Technologies
		   SED Flow Control, see Aliaxis
		   Shanghai Neles-Jamesbury Valve, see Metso
		   Solent & Pratt, see Curtiss-Wright
		   Spence Engineering, see Circor International
		   Spirax-Sarco Engineering plc					     336
		   SPX Corporation						     338
		   TA Hydronics, see IMI
		   TapcoEnpro International, see Curtiss-Wright
		   Tescom, see Emerson Electric
		   Tyco International Limited					     340
		   Valbart, see Flowserve
		   Valve Systems and Controls, see Curtiss-Wright
		   VALVITALIA SpA						     344
		   Valvulas SF Industria Comercio Limitada, see Circor International
		   Victaulic Company of America					     346
		   Watts Water Technologies Incorporated			     347
		   Weir Group plc						     352
		   Wujiang Dongwu Machine, see Neway Valve Suzhou
		   Zhejiang DunAn Valve Company Limited				     355
		   Zimmermann & Jansen, see IMI
		Other Companies Mentioned in Study				     357


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				      11
	2	World Gross Fixed Investment by Region				      13
	3	World Oil Products Supply					      15
	4	World Primary Energy Production by Type				      18
	5	World Primary Energy Consumption by Region			      20
	6	World Water Use by Region					      23
	7	World Construction Expenditures by Type & Region		      26
	8	World Industrial Valve Pricing					      27

		SECTION III -- SUPPLY & DEMAND
	1	World Industrial Valve Demand by Region				      34
	2	World Industrial Valve Shipments by Region			      37
	3	World Industrial Valve Net Exports by Region			      39
	4	World Industrial Valve Demand by Product			      40
	5	World Conventional Industrial Valve Demand by Product 
		   & Region							      43
	6	World Standard Multiturn Industrial Valve Demand 
		   by Region							      45
	7	World Quarterturn Industrial Valve Demand by Region		      48
	8	World Other Conventional Industrial Valve Demand 
		   by Region							      52
	9	World Automatic Industrial Valve Demand by Product 
		   & Region							      54
	10	World Automatic Control Valve Demand by Region			      57
	11	World Automatic Regulator Valve Demand by Region		      59
	12	World Automatic Actuator Valve & Other Demand by Region		      61

		SECTION IV -- NORTH AMERICA
	1	North America: Market Environment for Valves			      63
	2	North America: Industrial Valve Supply & Demand			      66
	3	United States: Market Environment for Valves			      69
	4	United States: Industrial Valve Supply & Demand			      72
	5	Canada: Market Environment for Valves				      74
	6	Canada: Industrial Valve Supply & Demand			      77
	7	Mexico: Market Environment for Valves				      79
	8	Mexico: Industrial Valve Supply & Demand			      81

		SECTION V -- WESTERN EUROPE
	1	Western Europe: Market Environment for Valves			      84
	2	Western Europe: Industrial Valve Supply & Demand		      86
	3	Germany: Market Environment for Valves				      89
	4	Germany: Industrial Valve Supply & Demand			      91
	5	France: Market Environment for Valves				      93
	6	France: Industrial Valve Supply & Demand			      95
	7	United Kingdom: Market Environment for Valves			      97
	8	United Kingdom: Industrial Valve Supply & Demand		     100
	9	Italy: Market Environment for Valves				     102
	10	Italy: Industrial Valve Supply & Demand				     104
	11	Spain: Market Environment for Valves				     106
	12	Spain: Industrial Valve Supply & Demand				     109
	13	Netherlands: Market Environment for Valves			     111
	14	Netherlands: Industrial Valve Supply & Demand			     113
	15	Belgium: Market Environment for Valves				     115
	16	Belgium: Industrial Valve Supply & Demand			     117
	17	Austria: Market Environment for Valves				     119
	18	Austria: Industrial Valve Supply & Demand			     121
	19	Norway: Market Environment for Valves				     123
	20	Norway: Industrial Valve Supply & Demand			     125
	21	Other Western Europe: Market Environment for Valves		     127
	22	Other Western Europe: Industrial Valve Supply & Demand		     129
	23	Other Western Europe: Industrial Valve Supply & Demand 
		   by Country							     131

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: Market Environment for Valves			     137
	2	Asia/Pacific: Industrial Valve Supply & Demand			     140
	3	China: Market Environment for Valves				     144
	4	China: Industrial Valve Supply & Demand				     148
	5	Japan: Market Environment for Valves				     150
	6	Japan: Industrial Valve Supply & Demand				     153
	7	South Korea: Market Environment for Valves			     155
	8	South Korea: Industrial Valve Supply & Demand			     158
	9	Taiwan: Market Environment for Valves				     161
	10	Taiwan: Industrial Valve Supply & Demand			     163
	11	India: Market Environment for Valves				     165
	12	India: Industrial Valve Supply & Demand				     168
	13	Australia: Market Environment for Valves			     170
	14	Australia: Industrial Valve Supply & Demand			     173
	15	Other Asia/Pacific: Market Environment for Valves		     175
	16	Other Asia/Pacific: Industrial Valve Supply & Demand		     177
	17	Other Asia/Pacific: Industrial Valve Supply & Demand 
		   by Country							     179

		SECTION VII -- OTHER REGIONS
	1	Central & South America: Market Environment for Valves		     186
	2	Central & South America: Industrial Valve Supply & Demand	     188
	3	Brazil: Market Environment for Valves				     190
	4	Brazil: Industrial Valve Supply & Demand			     193
	5	Other Central & South America: Market Environment 
		   for Valves							     195
	6	Other Central & South America: Industrial Valve Supply 
		   & Demand							     197
	7	Eastern Europe: Market Environment for Valves			     199
	8	Eastern Europe: Industrial Valve Supply & Demand		     202
	9	Russia: Market Environment for Valves				     205
	10	Russia: Industrial Valve Supply & Demand			     208
	11	Other Eastern Europe: Market Environment for Valves		     210
	12	Other Eastern Europe: Industrial Valve Supply & Demand		     212
	13	Other Eastern Europe: Industrial Valve Supply & Demand 
		   by Country							     214
	14	Africa/Mideast: Market Environment for Valves			     220
	15	Africa/Mideast: Industrial Valve Supply & Demand		     222
	16	Africa/Mideast: Industrial Valve Supply & Demand 
		   by Country							     224

		SECTION VIII -- INDUSTRY STRUCTURE
	1	Industrial Valve Sales for Selected Manufacturers, 2010		     231
	2	Selected Acquisitions & Divestitures				     243


				      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- MARKET ENVIRONMENT
	1	World Primary Energy Consumption by Region, 2010		      21
	2	World Industrial Valve Price Indices, 2000-2020			      28

		SECTION III -- SUPPLY & DEMAND
	1	World Industrial Valve Demand by Region, 2010			      35
	2	Increase in Industrial Valve Demand from 2010 to 2015		      35
	3	World Industrial Valve Shipments by Region, 2010		      38
	4	World Industrial Valve Demand by Product, 2010			      41

		SECTION IV -- NORTH AMERICA
	1	North America: Industrial Valve Demand by Country, 2010		      67

		SECTION V -- WESTERN EUROPE
	1	Western Europe: Industrial Valve Demand by Country, 2010	      87

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: Industrial Valve Demand by Country, 2010		     141

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Industrial Valve Market Share, 2010			     232