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Friday, April 18, 2014

U.S. Valve Shipments to Grow 3 Percent in 2013

Valve Manufacturers AssociationThe U.S. industrial valve industry is forecast to grow 3 percent in 2013, increasing to a market value of $4.3 billion, according to figures released by the Valve Manufacturers Association. Reported by Flow Control, the growth will be driven by investments in automated valves, according to VMA, whose president, William Sandler, is optimistic about the valve industry’s outlook now four years removed from the recession.

“We have rebounded from the downturn,” Sandler noted. “If the end-users of our products are ordering from us, then they too are producing.”

The VMA’s monthly economic survey also pointed to an optimism among its membership, as 85 percent of members surveyed expect at least an equal or better 2013 compared with 2012. Power generation is predicted to have the largest valve shipment growth, with a 1 percent year-over-year increase. However, the water and wastewater industry is forecast to decline by 0.6 percent in valve shipments. The chemical industry is the largest end-user of industrial valves, representing 17.2 percent of all shipments, followed by the water and wastewater industry.

Automated valves led in shipments by valve type in 2012, accounting for more than 30 percent of all shipments, at $1.3 billion. Ball valves were next in volume, with $760.5 million in shipments. From VMA figures, the U.S. industrial valve industry exports more than one-fifth its products.

The nearly 100 VMA members reach the chemical processing, petroleum refining, oil and gas exploration, distribution and transmission, power generation, nuclear power, water and wastewater, construction, and pulp and paper industries. They account for nearly 80 percent of total industrial valve shipments out of U.S. and Canadian facilities. The VMA is at www.vma.org.

 

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