VALVE INDUSTRY'S MODEST DECLINE
WILL BE SHORT-LIVED
Reason for optimism, despite projected
downturn
WASHINGTON, DC (April 7, 2009) – As in
many industries, the last decade has been
kind to the U.S. and Canadian industrial
valve industry, which has seen a steady
climb in sales and profits. But valve and
actuator shipments rise and fall with the fate
of the industries in which they are used,
from power generation and chemical
processing, to oil & gas and
water/wastewater. Now, with many of those
industries on a downward track, the Valve
Manufacturers Association (VMA) estimates
a 5% decrease in industrial valve shipments
in 2009 — the first such decrease in a
decade.
When VMA Chairman Sam Bennardo,
president of AUMA Actuators. Inc.,
Canonsburg, Penn., began his term
following VMA’s annual meeting last fall, he
knew the valve industry — and the
economy — would be facing a challenging
year, yet he remains optimistic about the
future. .In VMA’s market forecast, we
estimate shipments of valves and actuators
to return to their 2007, $3.8 billion,. says
Bennardo. Still, compared to how other
industries are faring — the automotive
industry, for instance — this is a pretty
modest decline, and total sales still should
be considerably higher than just five years
ago, when
total shipments were at $3.2 billion..
The valve industry typically doesn’t have
highs and lows as dramatic as other
industries because different end-user
markets don’t cycle up and down at the
same time. .We’ve had years where a
couple of key end-user markets are going
gangbusters, while others are in decline,.
says Bennardo. And while this economic
downturn is the worst most of us have ever
seen, VMA has more than 70 years of
history — and statistics — that show the
valve industry will ultimately thrive because
it supplies products for industries that are
absolutely essential to a growing domestic
and world population — water to drink and
wastewater to treat; power and energy to
light our way, run our businesses and
factories, and get us where we need to go;
and homes and buildings where we can live
and work..
VMA does not expect the drop in valve
shipments to continue for more than a year.
.The valve industry typically lags about 6 to
9 months behind end users as projects are
planned — or cancelled,. says Bennardo.
With a huge number of infrastructure
projects in the works, and some economists
predicting a bottoming out of the recession
in late 2009, the Valve Manufacturers
Association forecast calls for a possible
turnaround in the second quarter of 2010.
WILL BE SHORT-LIVED
Reason for optimism, despite projected
downturn
WASHINGTON, DC (April 7, 2009) – As in
many industries, the last decade has been
kind to the U.S. and Canadian industrial
valve industry, which has seen a steady
climb in sales and profits. But valve and
actuator shipments rise and fall with the fate
of the industries in which they are used,
from power generation and chemical
processing, to oil & gas and
water/wastewater. Now, with many of those
industries on a downward track, the Valve
Manufacturers Association (VMA) estimates
a 5% decrease in industrial valve shipments
in 2009 — the first such decrease in a
decade.
When VMA Chairman Sam Bennardo,
president of AUMA Actuators. Inc.,
Canonsburg, Penn., began his term
following VMA’s annual meeting last fall, he
knew the valve industry — and the
economy — would be facing a challenging
year, yet he remains optimistic about the
future. .In VMA’s market forecast, we
estimate shipments of valves and actuators
to return to their 2007, $3.8 billion,. says
Bennardo. Still, compared to how other
industries are faring — the automotive
industry, for instance — this is a pretty
modest decline, and total sales still should
be considerably higher than just five years
ago, when
total shipments were at $3.2 billion..
The valve industry typically doesn’t have
highs and lows as dramatic as other
industries because different end-user
markets don’t cycle up and down at the
same time. .We’ve had years where a
couple of key end-user markets are going
gangbusters, while others are in decline,.
says Bennardo. And while this economic
downturn is the worst most of us have ever
seen, VMA has more than 70 years of
history — and statistics — that show the
valve industry will ultimately thrive because
it supplies products for industries that are
absolutely essential to a growing domestic
and world population — water to drink and
wastewater to treat; power and energy to
light our way, run our businesses and
factories, and get us where we need to go;
and homes and buildings where we can live
and work..
VMA does not expect the drop in valve
shipments to continue for more than a year.
.The valve industry typically lags about 6 to
9 months behind end users as projects are
planned — or cancelled,. says Bennardo.
With a huge number of infrastructure
projects in the works, and some economists
predicting a bottoming out of the recession
in late 2009, the Valve Manufacturers
Association forecast calls for a possible
turnaround in the second quarter of 2010.
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