Sales of industrial Valves and actuators will exceed $55 billion in 2013 according to the latest forecasts in Industrial Valves: World Markets published by the McIlvaine Company.

Energy applications will account for nearly 40% of the total revenues while municipal water and wastewater will account for 18%. The chemical industry will generate sales of over $6 billion. There will be a big market for  Valves for basic chemical applications in Asia whereas the U.S. and Europe markets will mostly be fine chemicals.