The Freedonia Group, Inc.

Global demand for industrial valves is forecast to increase 4.4 percent annually through 2011 to $77.6 billion. Gains will be driven by a healthy outlook for the global economy, leading to increased fixed investment activity in key valve markets such as the US, China and Germany. Valve demand in the energy production sector will also benefit from a pickup in primary energy consumption in mature markets like North America, as well as in developing valve markets such as Latin America. These and other trends are presented in World Industrial Valves, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.