Power plant valve purchases will remain at a high level thanks to continued construction of new coal-fired power plants in China, Vietnam, Indonesia and Japan. Despite the fact that Japan was the host of the original greenhouse gas reduction convention (Kyoto Protocol), the country is planning 40 new coal-fired power plants. Old coal-fired power plants will be retired, so CO2 emissions will not be increased. The EU also is building new coal-fired power plants to replace higher emitting old power plants. In Asia, the need for new electricity and the lack of natural gas are the big drivers. Next year nearly 50 percent of the $8 billion power plant valve expenditures will be by East Asian power generators. NAFTA will be the second largest region thanks to construction of new gas turbine combined cycle power plants. These forecasts are provided in Industrial Valves: World Market. Click Here For Complete News Release Text
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