Industrial & Fluid Power Valve Manufacturing in the US - Industry Market Research Report

Industrial & Fluid Power Valve Manufacturing in the US - Industry Market Research Report

  • July 2018 •
  • 42 pages •
  • Report ID: 5103529
In the waterworks: favorable economic conditions and new product development will boost industry revenue

Abstract

Industrial & Fluid Power Valve Manufacturing
During the first half of the five-year period to 2018, the Industrial and Fluid Power Valve Manufacturing industry benefited from steadily rising demand for flow control devices from all sectors of the economy. During the latter half of the period, however, increasingly difficult operating conditions and weakened demand from several key markets have hurt industry performance. Weaker demand from key markets and rising competition from imports have forced many operators to slash prices on excess inventory, idle production at underperforming facilities or lay off workers, causing total industry employment and wages to stagnate. Generally favorable economic conditions and continued new product development will lead industry revenue to grow over the five years to 2023.

This industry manufactures industrial and fluid power (hydraulic and pneumatic) valves, other flow control devices and related parts, including assemblies, couplings and fittings. Valves are integral to a broad range of industrial and general applications, including manufacturing, waterworks and energy. Residential plumbing fixtures, trim and general purpose valves and fittings are not included in this industry (see IBISWorld report 33291).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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