Municipal spending for valves on the rise
Industrial Valves: World Markets published by the McIlvaine Company predicts that municipal wastewater plants will spend USD 4.5B for valves in 2017. Out of this, USD 3.4B will be for on/off valves and the balance for control valves.
According to the report, globe valves will be the leading category with an expenditure of over USD 1B. China will be the top-spending country, thanks to the spectacular increase in its secondary treatment capacity, which has tripled in the last two decades to over 30,000 MGD. Over 90% of the transported sewage in US receives secondary treatment. However, other countries in the Americas treat anywhere from 31% to 79% of the transported sewage, leading to a big potential for valves for new plants in these regions. The EU Urban Wastewater Treatment Directive is the guiding force behind the new construction and upgrades in Eastern Europe. This has also been fuelling the demand for valves. There are 1900 active projects in the US and Canada that will require significant valve purchases.