Industrial & Fluid Power Valve Manufacturing in the US - Industry Market Research Report
Description
Industrial & Fluid Power Valve Manufacturing in the US
Industrial and fluid power valve manufacturers offer general-purpose flow-control devices for widespread uses in manufacturing processes and water utilities infrastructure. The industry also manufactures specialized aerospace, oil and energy valves. Over recent years, valve manufacturers benefited from elevated steel prices, which enabled them to raise valve prices and generate higher revenue. However, elevated levels of economic uncertainty and high inflation slowed down manufacturing activity, hindering growth. Demand from the energy market boomed following skyrocketing oil prices, boosting specialized valve sales from the energy market. These trends have caused revenue to grow at an estimated CAGR of 1.0% to $30.3 billion over the past five years, including a decline of 2.8% in 2023 alone.
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’s Valve Manufacturing industry 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.
Industrial and fluid power valve manufacturers offer general-purpose flow-control devices for widespread uses in manufacturing processes and water utilities infrastructure. The industry also manufactures specialized aerospace, oil and energy valves. Over recent years, valve manufacturers benefited from elevated steel prices, which enabled them to raise valve prices and generate higher revenue. However, elevated levels of economic uncertainty and high inflation slowed down manufacturing activity, hindering growth. Demand from the energy market boomed following skyrocketing oil prices, boosting specialized valve sales from the energy market. These trends have caused revenue to grow at an estimated CAGR of 1.0% to $30.3 billion over the past five years, including a decline of 2.8% in 2023 alone.
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’s Valve Manufacturing industry 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.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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