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:Headlines for May 2, 2014 – Utility E-Alert
UTILITY E-ALERT
#1173 – May 2, 2014
Table of Contents
COAL – US
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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
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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
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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
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Westinghouse forms Business Unit to develop Nuclear in Brazil§
Hanford Nuclear Site under scrutiny over Waste Storage
BUSINESS
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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§
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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
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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 HoursFor more information on the Utility Tracking System, click on:
http://home.mcilvainecompany.com/index.php/databases/2-uncategorised/89-42eiMcIlvaine 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 |
More information |
May 29, 2014 |
Stellite Delamination in Power Plant Steam Valves |
More information |
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:
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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