July 1999

Trends and Resources

HP Impact: HPImpact: Industrial valve demand in U.S. to increase 6%

U.S. demand for industrial valves is projected to increase 5.8%/yr to $13 billion in 2003. This gain is "prompted by rising construction expenditures by utilities and increasing production levels in k..

Weirauch, Wendy, Hydrocarbon Processing Staff

U.S. demand for industrial valves is projected to increase 5.8%/yr to $13 billion in 2003. This gain is "prompted by rising construction expenditures by utilities and increasing production levels in key end-use markets," according to market research from The Freedonia Group. Gains will also result from an increasing emphasis on modernization and automation of production processes, as manufacturers strive to remain globally competitive. Production costs will be reduced through improved operating efficiencies. Process manufacturing industries will retain the largest share of market demand, due to their sophisticated flow requirements and increasing use of high-end automatic valves.

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