A forecast from the McIlvaine Company states that the industrial valve market will hit $53 billion in 2012. The report predicts that Asia will be the biggest market, at more than $20 billion, where the market is driven by the huge investments in heavy industry and infrastructure. America will follow next at more than $15 billion. Valves included in this analysis range from tiny flow control valves to massive sub-sea designs but these forecasts do not include hydraulic valves or valves used in residential applications.