In 2014, Industrial valve sales were less than $57 billion. By 2020, revenues will rise to between $65 - $75 billion, according to the latest forecast from the McIlvaine Company in Industrial Valves: World Market. (www.mcilvainecompany.com) Inability to precisely predict revenues is due not only to the obvious factors such as general economic and population growth, but to variables in the process options. Valve investments vary from option to option. Using power generation as an example - if coal is considered as the basis for valve purchases, nuclear purchases of valves will be higher and gas turbines lower. Click Here For Complete News Release Text
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