World Market for Industrial Equipment and Systems Will Total $11 Trillion in Next Decade
In the period of 2006-2015 the world will spend over $1 trillion per year for new systems and equipment to expand its industrial production. This is the forecast appearing in the continually updated report, World Market for Your Products, published by the McIlvaine Company.
Annual Industrial Systems/Equipment Revenues
$ billions
Segment |
Av/yr |
Process Equipment |
Components |
Materials |
IT |
Consulting |
Construction |
Energy |
304.0 |
85.1 |
76.0 |
45.6 |
30.4 |
21.3 |
45.6 |
Environmental |
210.0 |
52.5 |
50.4 |
44.1 |
18.9 |
14.7 |
29.4 |
Other Durable goods |
170.0 |
42.5 |
40.8 |
35.7 |
15.3 |
11.9 |
23.8 |
Motor Vehicles |
100.0 |
28.0 |
25.0 |
15.0 |
10.0 |
7.0 |
15.0 |
Electronics |
120.0 |
26.4 |
33.6 |
21.6 |
12.0 |
10.8 |
15.6 |
Other Non-durable goods |
90.0 |
22.5 |
19.8 |
18.0 |
8.1 |
7.2 |
14.4 |
Food |
70.0 |
16.8 |
16.1 |
14.0 |
6.3 |
5.6 |
11.2 |
Chemical |
40.0 |
8.8 |
11.2 |
7.2 |
4.0 |
3.6 |
5.2 |
Pharmaceutical |
30.0 |
8.4 |
7.5 |
4.5 |
3.0 |
2.1 |
4.5 |
Total |
1,134.0 |
291.0 |
280.4 |
205.7 |
108.0 |
84.2 |
164.7 |
The biggest single category will be energy including the construction of new coal-fired and other power plants, refineries, and substitutes for conventional oil including ethanol, tar sands, and coal liquefaction. Expenditures will average $304 billion /yr.
The next largest segment, environmental, includes air, water, solid waste, and remediation. Electronics expenditures including semiconductors and flat panel displays will exceed motor vehicles. Food processing expenditures will exceed $70 billion/yr.
These expenditures do not include replacement of existing equipment and parts nor do they include capital investment in non-manufacturing business segments with the exception of mining, oil and gas exploration and power generation.
The total yearly investment in equipment will be $291 billion. This includes cooling towers, furnaces, mixers, dryers, and various machinery.
Component expenditures will average $280 billion. This segment includes pumps, valves, nozzles, motors, compressors and various welded and cast products.
Material expenditures will average $206 billion. This segment includes sheets, piping, ductwork and similar products made of metal, plastic and other materials.
$108 billion will be spent yearly for Information Technology including software, hardware, instruments, and sensors.
The consulting and engineering cost associated with these systems will average $84 billion.
Construction costs will average $165 billion.
For more information on World Market for Your Products , click on: http://www.mcilvainecompany.com/worldindbrochure/worldindcharts/worldindbrochure.htm
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