InterOcean’s Industrial Valve Report offers current perspectives on the U.S. industrial valve manufacturing segment and the industries it serves. Below are a few observations from the report:
- The domestic industrial valve manufacturing segment is in the mature stage of its life cycle and is expected to grow at a modest 0.7% CAGR through 2024
- Import pressure is significant, as U.S. manufactures struggle to compete on the basis of price
- Focus on quality is driving U.S. manufacturers to devote resources to research and development and expanded M&A activity
- The segment is widely fragmented and composed of large national and global corporations and hundreds of smaller players operating at the local level
- We can expect to continue to see consolidation in the next two years