Unconventional Oil and Gas Will Cause Valve Sales to Be $3 Billion Higher In 2015
The sale of industrial valves in 2015 will increase to $69 billion worldwide. Much of the growth will be attributable to unconventional oil and gas.
Category |
$ Billions |
% Difference |
Explanation |
Valve sales 2014 w/o inflation |
57 |
Based on 2010 dollars |
|
Valve sales 2014 actual revenues |
63 |
10.5 |
2014 actual revenues reflecting year over year inflation |
Valve sales 2015 with inflation and conventional oil and gas assuming no unconventional |
66 |
4.7 |
Increase over 2014 assuming the same amount of oil and gas was extracted but by conventional methods. Real growth would have only been 0.7% and inflation 4% |
Valve sales in 2015 with the original share for unconventional oil and gas |
67 |
7 |
Reflects 3% real growth and 4% inflation |
Valve sales 2015 with inflation and non conventional oil and gas (new projection) |
69 |
9.5 |
Increase over 2014 with 5.5% real growth and 4% inflation |
McIlvaine displays hundreds of thousands of revenue forecasts in
Industrial Valves: World Market. All of these figures are displayed in 2010 dollars so that viewers can determine the real industry growth without regard to inflation. The 2014 forecast is for valve revenues of $57 billion. When this is adjusted for inflation, sales will be $63 billion in actual dollars. Until recently, McIlvaine had forecast 2015 sales of $67 billion of which $1 billion was due to unconventional oil and gas. However, the forecast is being revised to reflect a 9.5 percent increase and valve sales of $69 billion. This is due to the extensive investment in unconventional oil and gas. Therefore, unconventional oil and gas will generate revenues of $3 billion in 2015.One of the main drivers in the revision of the numbers is the huge coal-to-gas and chemicals program underway in China. This program is already generating larger process equipment plant investments than the shale gas activities in the U.S. By 2025, with 40 projects in the planning stage, the Chinese coal-to-gas production could reach a level of 40 percent of the entire present U.S. consumption. The goal is to transport this gas by pipeline from the West and North to the large cities in the East. This is one of the most important initiatives for reducing air pollution in the large cities. The clean burning gas will replace coal. Also the investment in U.S. petrochemical plants which will be using gas as a feedstock will be outstripped by the Chinese investment in coal to petrochemicals. Another massive program is coal-to-liquid fuels. High quality motor fuels can be produced from coal using both indirect and direct liquefaction. China is making massive investments in both technologies.
For more information on
Industrial Valves: World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028.Top of FormUTILITY E-ALERT
Headlines for June 20, 2014 Utility E-Alert
#1180 June 20, 2014
Table of Contents
COAL US
COAL WORLD
·
Yokogawa to supply Control Systems for Lara Supercritical Power Plant in India·
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GAS/OIL US
GAS/OIL WORLD
·
GE supplies Four Gas Turbines to Jacobsen Electro for New Facility in Kinyerezi, Daar es salaam, Tanzania·
Initial Tender announced for Omans 2,600 MW Gas-fired Power Project·
Federal Government (Nigeria) and U.S. Investors sign MoU to construct Gas-fired Power Plant·
The Partnership Fund starts installation of Gas Turbines at Combined Cycle Power Plant in Gardabani, Georgia
NUCLEAR
BUSINESS
·
Coal Gasification could completely change Asian Energy Outlook·
$24 Billion will be spent on NOx Control Systems and Consumables This Year·
GSE Environmental files for Chapter 11 Bankruptcy Protection for North American Operations·
Partnership provides Combustion Optimization Products·
Exelon & Pepco file Merger requests with State and DC Regulators·
Sime Darby sells Power Plants to B. Grimm Power in Chonburi province, Thailand·
POSCO Energy acquires Tongyang Power (South Korea) for $431 BillionHOT TOPIC HOUR
·
Coal Combustion Residue Hot Topic next Thursday expanded to cover Chinese Coal-to-Gas and Coal-to-Chemical·
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DATE |
SUBJECT |
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June 26, 2014 |
CCR and Effluents Decisions |
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July |
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10 |
Direct Sorbent Injection |
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17 |
Gas Turbine Emission Control |
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24 |
Wet Calcium FGD |
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31 |
Mercury Sorbent Options |
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August |
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|
7 |
MATS Timing and Technology Options |
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14 |
Industrial Boiler and Cement MACT Timing and Compliance Options |
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21 |
MEGA Symposium |
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28 |
Demineralization and Degasification |
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September |
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4 |
Hot Gas Filtration |
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11 |
Power Plant Pumps |
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18 |
Power Water Monitoring |
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25 |
Power Plant Water Treatment Chemicals |
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