After a year of little growth in 2016, U.S. valve shipments for 2017 are forecast to gain ground: about 2% for the year. Shipments will be $4.559 billion, a rise of about $94 million over 2016’s $4.465 billion.
“Last year we predicted nearly flat growth for the first time since the economic crash. By comparison, this year’s forecast is a sign the industry is going the right way again—up,” says Jim White, VMA’s chairman, and senior general manager of Curtiss-Wright Valve Group−Industrial Division. “Historically, our industry has made it through every significant economic downfall and come back stronger; it looks like we’re in line to do that again,” he said.