Valve Manufacturing in the US
The Valve Manufacturing industry experienced considerable volatility over the five years to 2019. Rising residential and commercial construction activity since 2014 helped boost demand for plumbing fixture fittings and other general-purpose valves. However, oil and natural gas extractors, which use highly specialized valves with better resistance to corrosion, high pressure and extreme temperatures, experienced a sharp decline due to the collapse in the price of oil during the first half of the five-year period. Intensifying competition from imports and lulling demand from certain markets, such as nonresidential construction and general manufacturing, will continue to hinder performance over the five years to 2024. However, several factors may improve the industry over the coming years. For example, world oil prices plunged in 2015 and 2016 then rebounded by 2018, and is expected to stabilize after 2019, bolstering demand from the energy sector. Furthermore, revitalized demand from more specialized markets such as pharmaceutical manufacturing and renewable power generation will revive demand. Similarly, the aging water and sewage systems in the United States and abroad will boost public desire to overhaul public water systems, which will greatly benefit valve and fittings manufacturers.
Operators in this industry manufacture a variety of industrial and fluid power (e.g. hydraulic and pneumatic) valves, hose fittings and the associated trimming made from metal. This industry also includes miscellaneous and general-purpose flow control devices composed of metal, such as faucets, flash valves and showerheads.
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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