Flood gates: Reinvigorated interest in infrastructure improvement has supported revenue growth
Valve manufacturers produce plumbing fixture fittings and other general-purpose valves, primarily used in construction, manufacturing and energy markets. Oil and natural gas extractors, which use highly specialized valves with better resistance to extreme conditions, have sharply influenced valve manufacturer revenue and have experienced pronounced volatile swings in prices. Revenue was additionally altered by supply chain issues and lowered demand brought upon by the pandemic. The industry has since undergone a resurgence in unison with improving macroeconomic conditions, delayed construction and backlogged projects coming to fruition, and recent inclines in the price of oil as a byproduct of the Russia-Ukraine conflict. Overall, industry revenue is estimated to rise at a CAGR of 4.6% to $50.1 billion, despite a significant decline of 6.7% in 2023 alone, as the price of oil normalizes from previous record highs and profit sits at 7.6%.
Operators in this industry manufacture a variety of industrial and fluid power (e.g. hydraulic and pneumatic) valves, hose fittings and the associated trimming made from metal. This industry also includes miscellaneous and general-purpose flow-control devices composed of metal, such as faucets, flash valves and showerheads.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Emerson Electric Co.
- Parker-Hannifin Corporation
- Meggitt PLC
- Applied Industrial Technologies Inc.
- Circor International Inc.
- Hunter Industries Incorporated
- Rain Bird Corporation
- The Webstaurant Store Inc.
- Brennan Industries Inc.
- Ray Padula Holdings LLC
- Braunschweiger Flammenfilter GmbH
- Orbit Irrigation Products LLC
- L.J.Technologies
- Melnor Inc.
- G.W. Lisk Company Inc.
- Kitz Corporation
- Arena Events Group Plc
- Acs Industries Inc.
Methodology
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