Freedonia In The News
Article Title: US Demand for Industrial Valves to Approach $20 Billion in 2018
Publication: Investorideas, 2/4/2015
Freedonia Study: Industrial Valves (3234)
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Demand for industrial valves in the US is forecast to increase 4.9 percent per year to $19.8 billion in 2018, a considerable improvement from the performance registered during the 2008-2013 period. Valves are relatively mature products, and although design innovation and material developments provide some impetus for growth, sales levels in any given year are determined primarily by the performance of the industries that utilize these valves. During the 2008-2013 timeframe, end-use markets for valves were negatively impacted by the recession, posting below average growth or declines. Through 2018, valve manufacturers will benefit from renewed strength in the industries that use these products. These and other trends are presented in Industrial Valves, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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