The market Research Store has published its new report on the global valve industry called, Valve Markets in the World to 2019-Market Size, Development and Forecasts.
The report includes historic market data from 2008 to 2014 and even a forecast until 2019. It predicts that the global valve industry has the potential to reach up to 3.9 percent p.a. during the upcoming years. Between 2008 and 2014 the market increased with an average annual growth of 7.8 percent.
Right now, oleohydraulic and pneumatic transmissions valves account for 45.6 percent of the global demand while remaining market share is divided between relief and safety valves (21.4 percent), pressure-reducing valves (17.2 percent) and check valves (15.9 percent).
China, Czech Republic, Germany, Japan and the United States represent the largest valve markets while the strongest annual growth is forecast to occur in the Morocco (18.1 percent), Lithuania (13.3 percent), United States (11.8 percent), Ecuador (9.4 percent) and Philippines (7.2 percent).