Email
Password
Remember meForgot password?
Log in with Facebook Log in with Twitter
Connect your Digital Journal account with Facebook or Twitter to use this feature.
Press Release

Valve Manufacturing in the US Industry Market Research Report Now Available from IBISWorld

>PRWEB.COM Newswire

Los Angeles, CA (PRWEB) May 13, 2012

The US recession highlighted the strong interdependence between the Valve Manufacturing industry and the health of industrial manufacturing markets. According to industry analyst Nima Samadi, “the recession's impact became clear in 2008 when revenue and demand suddenly fell.” During the five years to 2012, industry revenue is estimated to decline at an annualized rate of 2.2%. Conditions rebounded in 2011, and in 2012, revenue is expected to grow 2.6% to $27.8 billion.

Valve manufacturers rely on several key industries to buy their products, including chemical, petrochemical and petroleum-related industries; water and waste systems; power generation and utilities; and construction. Chemical and petrochemical manufacturers faced declining demand during the recession due to increased import competition and lower demand from downstream industries; however, conditions have improved from 2010 to the present. For petroleum production and pipeline transmission industries, record oil prices from 2007 to 2008 stimulated the growth of drilling and transmission operations globally as these industries expanded their capacity. According to Samadi, “the subsequent decline in the price of oil dramatically reduced segment revenue, resulting in a fall in demand for petroleum production and transmission-related valves.” With oil prices creeping upward again in 2012, demand from petroleum customers is expected to spike. Some segments have performed well throughout the recession; however, with stimulus funds and demand from the maintenance and repair of existing piping allowing the water and wastewater systems segment to grow.

Many industrial and fluid power valves have become standardized, causing pricing to become the primary basis of competition. This development favors foreign manufacturers; as a result, imported goods satisfy an increasing amount of the domestic market. Imports for the Valve Manufacturing industry are expected to fall at a marginal average annual rate of 0.9% in the five years to 2012, due to recession-related declines. As globalization increases, foreign imports will threaten the viability of domestic manufacturing. By specializing in petroleum production and transmission specialty valve manufacturing, the United States has more than doubled its exports to oil-producing nations, such as Saudi Arabia and the United Arab Emirates, during the period. As downstream industries recover from the recession, demand is set to increase. During the five years to 2017, revenue is forecast to grow at a modest rate.

For more information visit IBISWorld’s Valve Manufacturing in the US industry page

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

This industry manufactures a variety of industrial and fluid power valves, hose fittings and the associated trimmings. Additional products include metal and plastic plumbing fixtures, such as faucets, flush valves and showerheads.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2012/5/prweb9501357.htm

Latest News
Top News
Engage

Corporate

Help & Support

News Links

copyright © 2014 digitaljournal.com   |   powered by dell servers