The power generation sector is an essential service industry that uses technologies ranging from the mature steam turbine to pioneering marine current turbines.

Since privatisation in 1990, the main objective of the sector in the UK has been profitability for shareholders, although issues such as health, safety, sustainability and fuel poverty have also become increasingly important on the corporate agenda.

HOW DOES HOBBS WORK IN THIS MARKET?

The sector has been steadily redefining production possibilities with technological innovation that has made it possible to extract fossil fuels that simply weren’t accessible just a decade or two ago.

Our valves form a key part of these technological advancements in this major international industry.

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Creating useful chemicals from naturally occurring petrochemical hydrocarbon sources, the petrochemical industry provides manufacturing industries with what they need to supply us all with vital products.

Demand for these chemicals is always increasing, and in 2014 the market was valued at $514.5 billion.

HOW DOES HOBBS WORK IN THIS MARKET?

While not a major concern within the borders of the UK any longer, mining and metallurgy is still a major international endeavor as population growth and manufacturing place further demands on the Earth’s natural resources.

Our valves are used globally in the mining and metallurgy industries.

HOW DOES HOBBS WORK IN THIS MARKET?

Demand remains strong in established and emerging economies, while steel production has been dominated by China, accounting for half of the global market. It is the largest and fastest growing producer and consumer of steel and it will retain its leading position throughout the forecast period.

India, Taiwan, Iran, Japan, Mexico and South Korea are other countries exhibiting strong growth in terms of steel production and consumption. Hobbs valves are a vital part of the steel milling process.

HOW DOES HOBBS WORK IN THIS MARKET?

Global revenues in the defence subsector are expected to return to growth in 2016, as governments equip their armed forces with modern defense weapons platforms and next-generation technologies, including cyber, intelligence gathering, defense electronics, and precision strike capabilities.

Hobbs valves are of use in aircraft and aquatic vehicles used across the defence sector.

HOW DOES HOBBS WORK IN THIS MARKET?

Thirty countries currently use nuclear power and about the same number are considering, planning or actively working to include it as part of their energy mix.

Of the 30 operating countries, 13 are either constructing new plants or actively completing previously suspended construction projects, and 12 are planning to either construct new plants or to complete suspended construction projects. The market is clearly due to grow and Hobbs is right there, developing the products to suit.

HOW DOES HOBBS WORK IN THIS MARKET?