Last updateFri, 16 Aug 2019 8pm

Trends & Forecasts

Speakers Share Market Outlook for the Rest of 2019, 2020 and Beyond

Members attending the VMA Market Outlook Workshop, August 8-9 in San Diego, received good news and bad news about markets important to the valve industry, as well as recent overall economic conditions domestic and worldwide. One piece of good news the speakers had: they don’t project a recession for 2019, nor is it likely in 2020.

MDM Mid-Year Economic Update: Slowing Growth for 2019

valves ready for distributionThough 2018 represented a strong year of revenue growth in most sectors, the second half of 2019 will likely show a downshift. This would result in an overall economic slowdown for the year, according to Brian Lewandowski, associate director of the business research division of the Leeds School of Business at University of Colorado Boulder. Lewandowski presented a mid-year economic update for Modern Distribution Management (MDM), an information business providing resources to the wholesale distribution industry. He is a research partner with MDM.

Process Instrumentation and Automation Market to Grow at 4.4%

Process Instrumentation and Automation MarketThe process instrumentation and automation market in the United States, currently valued at $13.9 billion, is projected to grow at a compounded annual growth rate (CAGR) of 4.4% and reach a total of $17.3 billion in 2023, according to a market forecast published by the Measurement, Control & Automation Association (MCAA). The percentage increase over the five years is projected to be about 24%. The reported market value slightly exceeded the $13.6 billion projected for 2018 in the 2014 MCAA Market report.

Highlights from VMA’s 2019 Leadership Forum

John HillenValve industry executives gathered in Toronto last month to network, exchange ideas and learn about diverse topics relating to their leadership, including economic issues, digitization of enterprises and how to adapt as a leader in a changing organization.

VALVE Magazine: Readers’ Choice 2018

Happy New Year to our VALVE Magazine readers and contributors. Because our content is created exclusively for and by our own readers, it’s thanks to you that VALVE continues to provide valuable information on technical matters, standards updates and best business practices.

Hopefully, you’ve had time to peruse most of the features offered over the past year. In case you ran short of time, here is a great opportunity to catch up on the best of the best. Enjoy these, our Readers’ Choice 2018 articles from both the print edition and features created specifically for the web.

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*to qualified valve professionals in the U.S./Canada

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