08222017Tue
Last updateTue, 22 Aug 2017 6pm

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Trends & Forecasts

Is Your Company Ready for The New Reality?

Is Your Company Ready for The New Reality 1Since August, 2015, when VMA’s 2016 Market Outlook event was held, there have been a few more bumps in the economic road for valve, actuator and control manufacturers, their suppliers, distributors and end users. In our ongoing efforts to keep readers apprised of situations that could have an impact on the valve industry, we’ve assembled a summary from recent reports and summits that may help companies prepare for the impact of lower oil and gas prices and other market influences over the next 18 months.


Improving Control Valve Maintenance with the Industrial Internet of Things

Improving Control Valve Maintenance with the Industrial Internet of ThingsBy connecting previously stranded data from smart sensors, equipment, and other industrial assets with advanced applications and predictive analytics in the cloud, the Industrial Internet of Things (IIoT) is becoming a strategic enabler to improve manufacturing performance. Despite initial concerns, many companies now realize that, when properly implemented, internet and wireless technologies can provide appropriate security and availability of services across multiple plants and facilities. This helps further meld plant floor and enterprise systems, creating an opportunity to transform manufacturing operations through IIoT strategies.

The U.S. Economy: A Curve in the Road

The U.S. Economy A Curve in the RoadDr. Alan Beaulieu is a frequent presenter at VMA events, with an impressive record for accurately predicting economic developments. In a webinar early in December, Beaulieu shared what he and his team at ITR Economics foresee going into 2016 and early 2017.

Highlights from API’s Tanks, Valves and Piping Conference 2015

Highlights from APIs Tanks Valves and Piping Conference 2015At this year’s API Tanks, Valves and Piping Conference and Expo in Las Vegas, Oct. 14-15, more than a dozen presenters shared their expertise in the installation, repair and maintenance of valves, pipes and tanks. Those in the valve track delved into the challenges of interpreting and meeting standards for valves while ensuring the safety and profitability of their enterprises. As is the case in most any gathering of valve professionals, the subject of fugitive emissions was uppermost on the minds of many, as was ensuring the safety and profitability of refineries, pipelines and chemical process plants in the face of a challenging economic environment.

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