The 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.”