The world market for valves used by industry will be worth almost US$65.5 billion in 2017, up US$10 billion on current levels. 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. Source: worldpumps.com
Source:
http://www.worldpumps.com/view/25000/industrial-valve-market-to-exceed-us-65bn-by-2017/
