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Trends & Forecasts

Hydraulic Fracking: Initiatives Coming

stuart kemp

A report from the VMA Market Outlook Workshop, held in August 2012:

Although hydraulic fracturing of shale rock (fracking) has received some bad publicity, the reality is that there has never been even one confirmed instance of groundwater being tainted anywhere in the world from the process, according to Stuart Kemp, assistant general counsel at Halliburton Energy Services.


What’s in Store for 2013?

audience from back arevawebA report from the VMA Market Outlook Workshop, held in August 2012:

Attendees at this year’s workshop were buoyed by relatively positive messages from all of the speakers, including Alan Beaulieu of the Institute for Trend Research and Michael Halloran of Robert W. Baird and Company.

Market Outlook 2013: Brazil

garman at podium

A report from the VMA Market Outlook Workshop, held in August 2012:

In the last few years, Brazil has been an important and growing market for manufacturers. But Christopher Garman, Director, Latin America and Emerging Market Strategy of the Eurasia Group, noted that its economy is slowing down, partially due to interventionism and protectionism, but also due to the fact that the growth model based on consumption could be reaching its limit there as in other parts of the world.

Market Outlook 2013: Oil and Gas

spears websize

A report from the VMA Market Outlook Workshop, held in August 2012:

John Spears of Spears & Associates works with domestic and international petroleum industry equipment and service firms, financial institutions and government entities, making him uniquely qualified to track market size and share for over 30 segments of the petroleum industry. Spears reminded this year’s attendees that at last year’s Market Outlook Workshop, the general consensus was that we would see a slow growth economic environment and relatively stable commodity prices in 2012.  Oil was expected to hover around $90 while gas would be about $4. In that environment drilling activity was expected to go up. However, things didn’t quite go that way, partly due to the very warm winter.

Rise in Valve Shipments Signals Growth in Economy

industrialvalveswebThe Valve Manufacturers Association (VMA) recently released its latest annual market forecast for valve shipments. In it, plenty of good news because, for the third year in a row, shipments for the U.S. and Canadian industrial valve industry are forecast to grow, rising to about $4 billion in 2012.

That’s a rise of about 2.2% from 2011 levels of $3.915 billion and equal to the industry’s 10-year peak in 2008.

“Although the rise is slight compared to some year-to-year increases early in this decade, the fact that we witnessed three years of growth through a difficult economy shows how strong the valve industry is,” said VMA Chairman Bruce Broxterman, president, Richards Industries. “We expect the gains to continue over the next few years.”

 

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