Table of Contents 2
List of Tables & Charts 3
photo courtesy of W.P. Kolens & Associates, Inc.
Study Overview 4
Sample Text, Table
& Chart 5
Sample Profile, Table &
Chart 6
Order Form 7
About Freedonia, Custom
Research, Related Studies,
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www.freedoniagroup.com
Study #2297
March 2008
$5500
364 Pages
Table of Contents
Executive Summary
ASIA/PACIFIC
Market EnvironmenT
General ....................................................... 4
World Economic Overview............................... 5
Recent Economic Performance..................... 6
World Economic Outlook............................. 8
World Fixed Investment Trends.......................11
World Oil Industry Trends..............................13
World Energy Supply & Demand Outlook...........15
Energy Supplies........................................16
Energy Demand........................................18
World Water Utilization Trends.......................20
World Construction & Infrastructure Trends......21
Pricing Patterns...........................................22
Valve Materials & Technologies.......................24
NORTH AMERICA
General ......................................................62
Supply & Demand.........................................64
United States..............................................67
Canada.......................................................74
Mexico.......................................................79
WESTERN EUROPE
General ......................................................83
Supply & Demand.........................................84
Germany.....................................................88
France........................................................94
United Kingdom...........................................98
Italy........................................................ 103
Spain....................................................... 107
Netherlands.............................................. 112
Belgium................................................... 116
Austria..................................................... 120
Norway..................................................... 124
OTHER REGIONS
Latin America............................................ 183
Brazil................................................... 189
Other Latin America................................ 194
Eastern Europe.......................................... 199
Russia................................................... 204
Other Eastern Europe............................... 210
Poland............................................... 216
Czech Republic................................... 217
Ukraine............................................. 218
All Other Eastern Europe....................... 219
Africa/Mideast........................................... 220
Saudi Arabia.......................................... 227
Iran...................................................... 228
Turkey.................................................. 229
South Africa.......................................... 230
Other Africa Mideast............................... 231
INDUSTRY STRUCTURE
General .................................................... 232
Industry Composition................................. 233
Market Share............................................. 235
Tyco..................................................... 235
Emerson Electric..................................... 236
Cameron International............................. 236
KSB...................................................... 237
Kitz...................................................... 237
Other Leading Suppliers........................... 237
Product Development.................................. 238
Manufacturing........................................... 240
Marketing & Distribution............................. 242
Cooperative Agreements.............................. 243
Financial Requirements............................... 245
Mergers, Acquisitions &
Industry Restructuring.............................. 246
Company Profiles
Alfa Laval................................................. 251
Aliaxis SA................................................. 254
AVK International...................................... 258
Cameron International................................ 260
Circor International.................................... 263
Crane Company.......................................... 268
Curtiss-Wright Corporation........................... 273
Danfoss A/S.............................................. 276
Dresser Incorporated.................................. 278
Ebro Armaturen Gebrueder Broer................... 280
Emerson Electric........................................ 281
Fischer (Georg).......................................... 287
Flowserve Corporation................................. 288
FMC Technologies....................................... 293
General Electric......................................... 295
Hitachi Limited......................................... 297
Honeywell International.............................. 299
IMI plc..................................................... 301
ITT Corporation......................................... 304
Kitz Corporation........................................ 307
KSB AG..................................................... 310
Kubota Corporation.................................... 313
McWane Incorporated................................. 314
Metso Corporation...................................... 316
Mueller Water Products............................... 318
NIBCO Incorporated................................... 320
Okano Valve Manufacturing.......................... 321
Parker-Hannifin Corporation......................... 322
Saint-Gobain............................................. 329
Samson AG Mess-Und Regeltechnik............... 331
Spirax-Sarco Engineering............................. 333
SPX Corporation......................................... 334
Tyco International...................................... 337
Victaulic Company of America...................... 341
Watts Water Technologies............................ 342
Weir Group................................................ 346
Other Companies Mentioned in Study............ 348
List of Tables/Charts
Executive Summary
1 Summary Table....................................... 3
Market EnvironmenT
1 World Gross Domestic Product by Region...10
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.........................................19
Cht World Primary Energy Consumption
by Region, 2006................................20
6 World Industrial Valve Pricing..................24
Cht World Industrial Valve Price Indexes.........24
(continued on next page)
Study #2297
March 2008
$5500
364 Pages
List of Tables/Charts
(continued from previous page)
NORTH AMERICA
1 North America - Market Environment
for Valves.........................................63
2 North America - Industrial Valve
Supply & Demand...............................66
Cht North America Industrial Valve
Demand by Country, 2006....................67
3 United States - Market Environment
for Valves.........................................69
4 United States - Industrial Valve
Supply & Demand...............................73
5 Canada - Market Environment for Valves....75
6 Canada - Industrial Valve
Supply & Demand...............................78
7 Mexico - Market Environment for Valves....80
8 Mexico - Industrial Valve
Supply & Demand...............................82
WESTERN EUROPE
1 Western Europe - Market Environment
for Valves.........................................84
2 Western Europe - Industrial Valve
Supply & Demand...............................87
Cht Western Europe Industrial Valve
Demand by Country, 2006....................88
3 Germany - Market Environment for Valves.. 90
4 Germany - Industrial Valve
Supply & Demand...............................93
5 France - Market Environment for Valves.....95
6 France - Industrial Valve
Supply & Demand...............................97
7 United Kingdom - Market Environment
for Valves.........................................99
8 United Kingdom - Industrial Valve
Supply & Demand............................. 102
9 Italy - Market Environment for Valves..... 104
10 Italy - Industrial Valve Supply & Demand 106
11 Spain - Market Environment for Valves.... 108
12 Spain - Industrial Valve
Supply & Demand............................. 111
13 Netherlands - Market Environment
for Valves....................................... 113
14 Netherlands - Industrial Valve
Supply & Demand............................. 115
15 Belgium - Market Environment
for Valves....................................... 117
16 Belgium - Industrial Valve
Supply & Demand............................. 119
17 Austria - Market Environment for Valves.. 121
18 Austria - Industrial Valve
Supply & Demand............................. 123
19 Norway - Market Environment for Valves.. 125
20 Norway - Industrial Valve
Supply & Demand............................. 127
21 Other Western Europe - Market
Environment for Valves..................... 129
22 Other Western Europe - Industrial Valve
Supply & Demand............................. 131
23 Other Western Europe - Industrial Valve
Supply & Demand by Country............. 133
ASIA/PACIFIC
1 Asia/Pacific - Market Environment
for Valves....................................... 139
2 Asia/Pacific - Industrial Valve
Supply & Demand............................. 142
Cht Asia/Pacific Industrial Valve
Demand by Country, 2006.................. 143
3 China - Market Environment for Valves.... 145
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
OTHER REGIONS
1 Latin America - Market Environment
for Valves....................................... 185
2 Latin America - Industrial Valve
Supply & Demand............................. 188
3 Brazil - Market Environment for Valves.... 190
4 Brazil - Industrial Valve
Supply & Demand............................. 193
5 Other Latin America - Market
Environment for Valves..................... 195
6 Other Latin America - Industrial Valve
Supply & Demand............................. 198
7 Eastern Europe - Market Environment
for Valves....................................... 201
8 Eastern Europe - Industrial Valve
Supply & Demand............................. 203
Cht Eastern Europe Industrial Valve
Demand by Country, 2006.................. 204
9 Russia - Market Environment for Valves... 206
10 Russia - Industrial Valve
Supply & Demand............................. 209
11 Other Eastern Europe - Market
Environment for Valves..................... 211
12 Other Eastern Europe - Industrial Valve
Supply & Demand............................. 214
13 Other Eastern Europe - Industrial Valve
Supply & Demand by Country............. 216
14 Africa/Mideast - Market Environment
for Valves....................................... 222
15 Africa/Mideast - Industrial Valve
Supply & Demand............................. 225
Cht Africa/Mideast Industrial Valve
Demand by Country, 2006.................. 226
16 Africa/Mideast- Industrial Valve
Supply & Demand by Country............. 227
INDUSTRY STRUCTURE
1 Industrial Valve Sales for Selected
Manufacturers, 2006......................... 234
Cht World Industrial Valve Market Share
by Company, 2006............................ 235
2 Selected Cooperative Agreements........... 244
3 Selected Acquisitions & Divestitures....... 247
Study #2297
March 2008
$5500
364 Pages
China is rapidly becoming a key player in the global valve industry, with valve production of
$5.6 billion in 2006, making it the fourth largest valve manufacturer in the world.
Asia/Pacific
34%
Western Europe
27%
North America
25%
Other Regions
14%
Automatic valves to
outpace conventional types
The global market for automatic valves
will outpace that for conventional valves,
due to the ongoing efforts of process
manufacturers to improve operational
efficiencies. The strongest gains will be
registered in sales of separately sold
automatic actuators, which are used
together with standard valves to allow for
automated valve functions, and are less
expensive than automatic control and
regulator valves with actuators preinstalled. Nevertheless, conventional
valves will continue to account for 54
percent of total valve demand in 2011,
due to their low cost relative to other
highly-engineered automatic valves.
Copyright 2008 The Freedonia Group, Inc.
Study #2297
March 2008
$5500
364 Pages
Sample Text,
Table & Chart
TABLE V-6
FRANCE - INDUSTRIAL VALVE SUPPLY & DEMAND
(million dollars)
Item
Gross Fixed Investment (bil 2005$) 267.8 340.1 377.4 426.5 480.5
$ valves/000$ fixed investment 6.4 6.3 7.0 7.0 7.0
western europe
Industrial Valve Demand 1710 2150 2650 2970 3360
Conventional: 875 1065 1270 1375 1505
Frances industrial valve shipments in 2006 totaled $2.7 billion,
Standard Multiturn 340 395 450 475 515
trailing only Germany and Italy in the region, although Frances trade
Quarterturn 170 220 275 310 355
surplus is much smaller, being equivalent to less than one percent
of Other 365 450 545 590 635
domestic output in 2006. This is mainly due to the fact that demand
Automatic: 835 1085 1380 1595 1855
outpaced production over the 1996-2006 period, leading to a sizable
Automatic Control Valves 470 610 770 895 1040
reduction of the countrys trade surplus. Major destinations for exports
Automatic Regulator Valves 325 420 525 600 690
include the EU area, North America, the Africa/Mideast and Asia/Pacific
Automatic Actuators
40
55
85 100 125
regions, and Eastern Europe. The French industry is a particularly
important supplier of automatic valves, especially pneumatically actuated
net exports 135
70
20 10
-5
control and regulator valves, although conventional valve types are
also
conventional
73
37
10
5
-5
well represented.
automatic
62
33
10
5
0
Demand for industrial valves in France is forecast to increaseIndustrial
at a
Valve Shipments 1845 2220 2670 2980 3355
2.3 percent annual rate through 2011 to $3 billion, approximately theConventional 948 1102 1280 1380 1500
same as the West European forecast average pace, but a deceleration
Automatic 897 1118 1390 1600 1855
from the 2001-2006 period. Although demand will be boosted by
an
increase in fixed investment activity, this will be counterbalanced to% France 11.4 11.3 10.6 10.2 10.1
some extent by a moderation in energy consumption, preventing further
WE Industrial Valve Shipments 16243 19689 25300 29150 33100
increases in valve demand.
Shipments from valve facilities in France are projected to rise 2.2
percent per year through 2011, slightly below demand, and decreasing
the countrys trade surplus in these products to only $10 million. By
2016, France is expected to be a small net importer of valves. Benefitting French valve production will be increases in automatic valve
demand, particularly for pneumatically actuated control and regulator
CHART II-2
valves through much of the developed world. Gains will be limited to a
degree by further inroads into local markets by less expensive foreign
WORLD INDUSTRIAL VALVE PRICE INDEXES
valves, dampening sales of conventional valve types.
(percent increase)
Valve producers based in France include international producer
6.0%
Saint-Gobain and Vannes Lefebvre. Among the foreign firms with valve
sample
table
sample text
96
Overall Average
Conventional
Automatic
4.0%
sample
chart
2.0%
0.0%
1996-2001
2001-2006
2006-2011
2011-2016
Study #2297
March 2008
$5500
364 Pages
Sample Profile,
Table & Chart
TABLE V-5
FRANCE - MARKET ENVIRONMENT FOR VALVES
Item
sample
table
sample
profile
Mueller Water Products manufactures a range of water infrastructure and flow control products. The Company operates through three
product segments: Mueller Co., US Pipe and Anvil.
The Company is involved in the world valves industry through
the Mueller Co. segment, which generated sales of $756 million in FY
2007. The segment produces valves, fire hydrants and other products
for the oil and gas; heating, ventilation and air conditioning; commercial and residential construction; and fire protection industries. Among
CHART VIII-1
the segments products are butterfly, rectangular, ball, plug, check,
cone, sleeve, energy-dissipating valves; bronze curb, ball, check, and WORLD INDUSTRIAL VALVE MARKET SHARE BY COMPANY, 2006
angle fire plug valves; actuators; and fire hydrants, many of which
($62.6 billion)
are sold under the MUELLER brand name. In FY 2007, the sale of
water and gas valves and related products accounted for approximately
$519 million of the Companys gross trade sales, while the sale of fire
2.6%
T yco
hydrants and related parts accounted for $193 million of the Companys
318
Others
90.4%
sample
chart
Market
Leaders
9.6%
2.4%
Em ers
1.8%
Cam e
1.4%
KSB
1.4%
Kitz
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Page 7
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Page 8
The Freedonia Group, Inc. 767 Beta Drive Cleveland, OH 44143-2326 USA Web site: www.freedoniagroup.com
Tel US: 800.927.5900 or +1 440.684.9600 Fax: +1 440.646.0484 e-mail: info@freedoniagroup.com