The worldwide Control Valve market, which totaled nearly $2.9 billion in 2003, will reach nearly $3.4 billion by the end of
2008, expanding at a cumulative annual growth rate (CAGR) exceeding 3 percent, according to a new study by the ARC Advisory
Group. 'Long-term business prospects for control valve suppliers look reasonably bright due to MRO business opportunities
in developed regions and new projects' business in developing countries,' according to Senior Analyst Dave Clayton, author
of ARC's Control Valve Worldwide Outlook.
From a regional perspective, most of the growth over the next five years will come from Asian countries, such as India and China. Russia is also a promising market. The share of North America in the worldwide control valve market is decreasing and the trend ...
Share/Bookmark
The worldwide Control Valve market, which totaled nearly $2.9 billion in 2003, will reach nearly $3.4 billion by the end of
2008, expanding at a cumulative annual growth rate (CAGR) exceeding 3 percent, according to a new study by the ARC Advisory
Group. 'Long-term business prospects for control valve suppliers look reasonably bright due to MRO business opportunities
in developed regions and new projects' business in developing countries,' according to Senior Analyst Dave Clayton, author
of ARC's Control Valve Worldwide Outlook.
From a regional perspective, most of the growth over the next five years will come from Asian countries, such as India and China. Russia is also a promising market. The share of North America in the worldwide control valve market is decreasing and the trend ...
Print subscribers can access all content online for free.
Print and online subscribers:
Log-in
Not a subscriber?
Buy this issue now.
Social Media Marketing 
Economic Update:
7 Minutes With ...
Leave a Comment