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Market Outlook 2011: Clear Skies? Wait Until 2012

2011 market outlookMany of the attendees of this year’s Market Outlook, held Aug. 12-13 in San Francisco, came hoping (at last) to hear some good news. The last two years of workshops—put on annually for members by the Valve Manufacturers Association and featuring a dozen economists and industry experts—saw the nation in its worst recession since the depression and most forecasts were pretty bleak.


In the Ocean’s Depths, Valves Face Unique Challenges

As exploration for new oil and gas sources goes deeper into the ocean and further from shore, valves in service to that industry will have new pressure, temperature and durability requirements.

Despite short-term reduction in exploration activity caused by the recent global recession, world energy demand continues to grow, which will fuel an explosion in offshore exploration over the next decade.

Renewable Energy Sources Rising: Beyond Fossil Fuels

Alternate and renewable energy sources, including wind, solar, biofuel, geothermal and others, have frequently made the headlines in recent years, driven partly by worries over imported oil and the need for national energy independence, but also by discussion of possible regulation concerning greenhouse gas emissions. Laws in many areas of this country now require a certain percentage of energy be from renewable sources, so utilities are working hard to develop or purchase alternate forms of energy.

Suspicious and Counterfeit Valves: An Avoidable ­Danger

Counterfeit industrial products have been around a long time: The term “the real McCoy,” for example, comes from the self-regulating steam engine lubricator patented in 1872 by Elijah McCoy. The reason it was called “real” was that the device worked so well, customers demanded it by name over imitators.

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