Tag: market report

Tariffs, the coronavirus, climate change, oil prices, the economy and other factors will all shape the valve market in the U.S.

Valve suppliers often rely on market share estimates to determine their approach to, and plans for, the upcoming fiscal year.

Every valve company claims to have the best valve for certain applications. There are many specialized applications such as turbine bypass with unique requirements to mitigate noise while enduring cycling and temperature swings.

The future of the United States valve industry can be addressed from the perspective of the U.S. government concerned with maximizing employment or possibly GDP.

Industrial valve sales will exceed USD$64.5 billion worldwide this year. In general, the market is growing at approximately 3-4 percent per year and in most countries is growing at 1 percent higher than GDP (Gross Domestic Products).

The U.S. valve market will expand next year thanks to low cost oil and gas. Tariffs and a potential recession may provide a dampener, but the production of oil at less than USD$30/barrel and production of cheap natural gas and petrochemical feed stocks through hydraulic fracturing has made the U.S.

The food industry will spend $1.8 billion per year for valves over the next five years. (1) Many U.S. food companies have become truly international and make valve decisions in the U.S. for installation in the rest of the world. Four of the top six purchasers are U.S based. By Bob McIlvaine - The McIlvaine Company

The upstream oil & gas industry suffered significant setbacks in 2015 and 2016, following the collapse of crude oil prices that had begun in mid-2014.

In the June 2018 issue of Valve World Americas, Robert McIlvaine writes about how, “the North American Free Trade Agreement (NAFTA) is the leading purchaser of valves for gas turbine combined cycle power plants.

The global control valve market was valued at USD $6.45 billion in 2016 and is projected to reach USD $10.11 billion by 2025, growing at a CAGR of 5.