The Oil and Gas Industry Will Pay $19 Billion for Valve Solutions In 2015
The oil and gas industry is challenged with process, logistical and safety
issues which cause it to look to valve suppliers and other vendors to minimize
operational and maintenance problems. The operators will pay $6 billion for
these services next year. When the expenditures for valve repair parts and
services are added, the total addressable market next year is $9 billion. This
is the conclusion reached in the continually updated
Industrial Valves: World Market
published by the McIlvaine Company. (www.mcilvainecompany.com)
Oil and Gas Valve Revenues
2015 ($ Millions) |
|||
Continent |
Repair Parts and Service |
Total Solutions |
Available Market |
Africa |
400 |
800 |
1,200 |
Americas |
900 |
1,800 |
2,700 |
Asia |
1,100 |
2,200 |
3,300 |
Europe |
600 |
1,200 |
1,800 |
Total |
3,000 |
6,000 |
9,000 |
The above revenue forecasts do not include the $10 billion for new valves which
the oil and gas industry will spend next year. So the total market in oil and
gas for valve suppliers taking the total solutions approach is $19 billion in
2015.
Asia will be the largest segment. This is based on
Decisive Classification. The segmentation
is part of a system which divides the world into eighty significant markets.
Most of the eighty are individual countries but in each sub region there is also
an aggregation of small countries. At the top, the world is divided into
four continent combinations. Asia includes East Asia, West Asia and the
Middle East. Africa includes the whole continent including both the south
and the North. Europe includes both the West and East. The Americas
includes both the North American and South American Continents.
Process changes and developments require new approaches and more reliance on
third parties with the knowledge to address new situations. The
development of LNG, gas-to-liquids, shale gas and subsea extraction all involve
difficult valve maintenance and operational challenges. A number of
companies are assisting oil and gas operators with services and products under
the classification of “Total Solutions.”
For more information on: Industrial
Valves: World Market,
click on:
http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028
Headlines for May 2, 2014 – Utility E-Alert
UTILITY E-ALERT
#1173 – May 2, 2014
Table of Contents
COAL – US
§
Supreme Court upholds EPA’s authority to regulate Cross State Pollution
§
DOJ lodges proposed Consent Decree in Lawsuit entitled United States v. City of
Akron
§
EPA proposes approval of Plan to cut Emissions in New Mexico
COAL – WORLD
GAS/OIL – US
§
Advanced Power Services receives final approval for a 742 MW Gas-fired Power
Plant in Ohio
§
EPA Air Permit issued to build Montana Power Station
GAS/OIL – WORLD
CO2
§
Unit 3 at Boundary Dam Power Station Saskatchewan, Canada looking to be first
Coal-fired Power Plant to capture CO2 Emissions
§
Southern Co delays startup of 582 MW Gasification Combined Cycle Power Plant in
Mississippi
NUCLEAR
§
Westinghouse forms Business Unit to develop Nuclear in Brazil
§
Hanford Nuclear Site under scrutiny over Waste Storage
BUSINESS
§
Update on GE’s offer for Alstom Energy Business
§
Japan supports shift to Coal in Eastern Europe
§
Energy Future Holdings files for Bankruptcy
§
Fuel Tech awarded Air Pollution Control Orders totaling $4.2 Million
§
Rolls-Royce in talks with Siemens over sale of Gas Turbine Business
§
Exelon to acquire Pepco Holdings Inc.
§
Russia has expressed interest in Turkish Gas-fired Power Plants
§
Fuel Tech acquires Two Air Pollution Control Technology Companies
§
Babcock & Wilcox subsidiary with The Ohio State University awarded U.S. DOE
Funding for Continued Development of Carbon Dioxide Capture Technology
HOT TOPIC HOUR
§
Webinar concludes that Hot Gas Filtration is a Great Solution for Old Power
Plants but EPRI says - Not so Fast
§
“Sorbent Traps and Mercury CEMS Options” to be debated on May 8, 2014
§
Upcoming Hot Topic Hours
For more information on the Utility Tracking System, click on:
http://home.mcilvainecompany.com/index.php/databases/2-uncategorised/89-42ei
McIlvaine Hot Topic Hour Registration
On Thursday at 10:00 a.m. Central time, McIlvaine
hosts a 90 minute web meeting on important energy and pollution control
subjects. Power webinars are free for subscribers to either
Power Plant Air Quality Decisions or Utility Tracking System. The
cost is $300.00
for non-subscribers.
See below for information on upcoming Hot Topic Hours. We welcome your input
relative to suggested additions.
DATE |
SUBJECT |
|
May 15, 2014 |
Gas Intake Filters: HEPA or
Medium Efficiency |
|
May 29, 2014 |
Stellite Delamination in Power
Plant Steam Valves |
|
June 5, 2014 |
Dry vs. Wet Cooling |
Surprising number of ACC’S. Why? |
June 12, 2014 |
HRSG Issues (Fast Start, Tube
Failures) |
Lots of challenges to cycle 200
X/yr |
June 26, 2014 |
CCR |
$ billions Needed |
July/August 2014 |
Boiler Feedwater Treatment
Condensate Polishing for
Peaking Turbines
316 B Water Issues
Gas Turbine Permitting Issues
Give us your opinion about
topics we should consider
|
To register for the “Hot Topic Hour”, click on:
http://home.mcilvainecompany.com/index.php/component/content/article?id=675
----------
You can register for our free McIlvaine Newsletters at:
http://home.mcilvainecompany.com/index.php?option=com_rsform&formId=5
Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com