CONTROL VALVE MARKET TO EXCEED $5 BILLION BY 2011

Dedham, MA — Driven by strong project activity, the worldwide control valve market is expected to grow at a compounded annual growth rate (CAGR) exceeding 5% over the next three years, an ARC Advisory Group study predicts. The market, which approached $4 billion in 2006, is forecasted to exceed $5 billion in 2011 (all figures in U. S. dollars).

The global control valve market is in the midst of a phase of unprecedented growth due to booming greenfield plants in developing countries and exploding investment in oil and gas exploration and production.

“Much of the growth in the forecasted period will occur over the next two years as new construction projects in Asia soar, and the oil and gas market boom continues. Following this increase, ARC expects a short-term dip in global control valve sales as the period of breakneck growth comes to an end. Long term year-on-year growth is then expected to taper to traditional levels,” according to senior analyst David Clayton, the principal author of ‘Control Valve Worldwide Outlook’.

More information on the study can be found at www.arcweb.com/res/cvap.