“As VMA starts its 75th year, I’m optimistic about the outlook for our industry.  We have rebounded from the downturn, which is a good sign for us and the overall economy. If the end users of our products are ordering from us, then they too are producing,” explained VMA President William Sandler. “I’m also proud of VMA’s important role in strengthening an industry that is the backbone for so many others and that stands out for its level of excellence.”

The membership is optimistic too, according to a recent VMA monthly economic survey, which showed that 85% of the membership expects 2013 to be better or equal to 2012. This follows on a year that turned out better than predicted, as 2012 figures surpassed initial projections reaching $4.15 billion, which represents 22% growth over the last decade.

Overall, the VMA forecast reveals only slight changes for most of the 15 end-user industries. Power generation is predicted to have the largest increase in shipments from 2012, rising 1.0 percentage points. Four other industries are expected to record smaller increases of 0.2 or 0.1 percentage points. On the downside, the water and wastewater industry is forecast to decline by 0.6 percentage points, with seven other industries showing smaller declines. In terms of market share, the chemical industry is the largest consumer with 17.2% of the shipments, followed by water and wastewater at 16.2%.

Out of 11 categories of valves tracked, the most popular product last year was automated valves, accounting for nearly $1.3 billion in shipments; ball valves were the next most frequently shipped item, accounting for $760.5 million in shipments. The report also revealed that 21% of shipments are exports, a growing trend as the industry adapts to the opportunities presented by globalization.

VMA companies are an important part of the nation’s economic engine, supplying approximately 35% of worldwide valve demand. Like other engineering and manufacturing industries, the valve industry supports high quality jobs. VMA members alone employ more than 20,000 people directly and thousands more indirectly.

As a multi-billion industry, the valve and actuator business greatly contributes to the success of other key industries that rely on its products to keep their products working. Products manufactured by members are used in numerous industries, including: chemical processing; petroleum refining; oil and gas exploration, distribution and transmission; power generation; nuclear power; water/wastewater; commercial construction; and pulp and paper.

ABOUT VMA: Founded in 1938, the Washington, DC-based Valve Manufacturers Association of America exclusively represents nearly 100 North American manufacturers of valves, actuators and controls, which account for about 80% of total industrial valve shipments out of U.S. and Canadian facilities. For more information, visit www.VMA.org. VMA also publishes Valve Magazine.

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.

Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.

How an Edge IoT Platform Increases Efficiency, Availability and Productivity

Within four years, more than 30 per cent of businesses and organizations will include edge computing in their cloud deployments to address bandwidth bottlenecks, reduce latency, and process data for decision support in real-time.

MaximoWorld 2022

The world's largest conference for IBM Maximo users, IBM Executives, IBM Maximo Partners and Services with Uptime Elements Reliability Framework and Asset Management System is being held Aug 8-11, 2022

6 Signs Your Maintenance Team Needs to Improve Its Safety Culture

When it comes to people and safety in industrial plants, maintenance teams are the ones who are most often in the line of fire and at risk for injury or death.