Japan's plan to bridge the country's nuclear gap with coal has created new opportunities for valve manufacturers. On average, 5,000-7,000 units of valves are required in a coal-powered plant. The country plans to add 43 coal-fired plants that can generate 20.5 GW of power. This development is expected to create huge growth prospects for vendors in the global valves market for the power industry. APAC is likely to have a positive influence on the market's growth, as the region is expected to add an increased number of nuclear and coal power plants during the forecast period. China is projected to construct 40 nuclear power plants in five years, and the construction of 200 GW of coal power plants is underway. Asian economies such as India, Indonesia, the Philippines, Thailand, and Malaysia are expected to add coal capacity in pipelines, which will augur well for the global valves market for the power industry.The market potential of the valves industry has accelerated mergers and acquisitions across the world. Rise in competition among vendors and the need to expand their geographical presence and product portfolio to meet the growing demand has positively influenced the market. For instance, in 2016 Emerson Electric signed a deal to acquire the valves and controls unit of Pentair, and in 2015 IMI Critical completed the acquisition of Bopp & Reuther.In this report, Technavio covers the present scenario and growth prospects of the global valves market for the power industry 2016-2020. The market size has been calculated based on the demand for valves from the power industry. The average price of different types of valves has been taken into consideration for estimating the market revenue.

PART 01: Executive summary ............................................ 6

Highlights 6

PART 02: Scope of the report ............................................. 7

Market overview 7

PART 03: Market research methodology ........................... 9

Research methodology 9

Economic indicators 9

PART 04: Introduction ....................................................... 10

Key market highlights 10

PART 05: Market landscape .............................................. 14

Global power outlook 14

Valves in power industry 16

Market size and forecast 17

Five forces analysis 19

PART 06: Market drivers ................................................... 20

Rise in number of coal-fired power stations in Japan 20

Increase in CCGT power plants 21

Capacity expansion in geothermal power 26

PART 07: Market challenges ............................................. 29

Dip in US valves market 29

Growing environment concerns 30

Increased price war and threat from local vendors 31

PART 08: Impact of drivers and challenges .................... 32

PART 09: Market trends .................................................... 33

Growth in nuclear power sector 33

Targets set by governments worldwide for expanding

renewable energy 40

Growing application of 3D printing in valves industry 43

PART 10: Market segmentation by product ..................... 45

Market overview 45

Globe valves segment 46

Gate valves segment 48

Butterfly valves segment 50

Ball valves segment 52

Industrial plug valves segment 54

PART 11: Geographical segmentation ............................. 56

Market overview 56

Valves market for power industry in Americas 57

Valves market for power industry in APAC 62

Valves market for power industry in EMEA 66

PART 12: Vendor landscape ............................................. 70

Competitive landscape 70

Vendor mapping 71

Other prominent vendors 73

PART 13: Key vendor analysis ......................................... 74

Curtiss-Wright 74

Cameron (a Schlumberger company) 77

Emerson Electric 79

Flowserve 81

Weir Group 83

PART 14: Appendix ........................................................... 85

List of abbreviations 85

PART 15: Explore Technavio ............................................ 86