Changing Energy Resources Shift Spending Patterns on Pumps, Valves and
Fittings, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwired) -- 06/12/13 -- Written by Eric
Funderburk, Industrial Info Resources (Sugar Land, Texas) --
Industrial Info has seen expenditures on pipe, valve and fitting
(PVF) products rise in the U.S. each year since 2009. In that year,
annual PVF reached a low point of approximately $9.1 billion because
of the large number of delays and cancelations of industrial
projects. According to Industrial Info's Pipes, Valves & Fittings
Market Assessment, approximately $10.8 billion will be spent on PVF
products this year, growing another $1.14 billion through 2016, an
increase of 11%.
Other companies featured: Royal Dutch Shell plc (NYSE:RDS.A), Sasol
Limited (NYSE:SSL), Chevron Phillips (NYSE:CVX).
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